XML 48 R29.htm IDEA: XBRL DOCUMENT v3.3.0.814
EARNINGS PER SHARE (Tables)
12 Months Ended
Jun. 30, 2015
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Net earnings/(loss) attributable to Procter & Gamble and common shares used to calculate basic and diluted net earnings per share were as follows:
Years ended June 30
2015
 
2014
 
2013
CONSOLIDATED AMOUNTS
Continuing Operations
Dis-continued Operations
Total
 
Continuing Operations
Dis-continued Operations
Total
 
Continuing Operations
Dis-continued Operations
Total
Net earnings/(loss)
$
8,287

$
(1,143
)
$
7,144

 
$
10,658

$
1,127

$
11,785

 
$
10,346

$
1,056

$
11,402

Net earnings attributable to noncontrolling interests
(98
)
(10
)
(108
)
 
(120
)
(22
)
(142
)
 
(92
)
2

(90
)
Net earnings/(loss) attributable to P&G (Diluted)
8,189

(1,153
)
7,036

 
10,538

1,105

11,643

 
10,254

1,058

11,312

Preferred dividends, net of tax
(259
)

(259
)
 
(253
)

(253
)
 
(244
)

(244
)
Net earnings/(loss) attributable to P&G available to common shareholders (Basic)
$
7,930

$
(1,153
)
$
6,777

 
$
10,285

$
1,105

$
11,390

 
$
10,010

$
1,058

$
11,068

SHARES IN MILLIONS
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,711.7

2,711.7

2,711.7

 
2,719.8

2,719.8

2,719.8

 
2,742.9

2,742.9

2,742.9

Effect of dilutive securities
 
 
 
 
 
 
 
 
 
 
 
Conversion of preferred shares(1)
108.6

108.6

108.6

 
112.3

112.3

112.3

 
116.8

116.8

116.8

Exercise of stock options and other unvested equity awards (2)
63.3

63.3

63.3

 
72.6

72.6

72.6

 
70.9

70.9

70.9

Diluted weighted average common shares outstanding
2,883.6

2,883.6

2,883.6

 
2,904.7

2,904.7

2,904.7

 
2,930.6

2,930.6

2,930.6

PER SHARE AMOUNTS
 
 
 
 
 
 
 
 
 
 
 
Basic net earnings/(loss) per common share (3)
$
2.92

$
(0.42
)
$
2.50

 
$
3.78

$
0.41

$
4.19

 
$
3.65

$
0.39

$
4.04

Diluted net earnings/(loss) per common share (3)
$
2.84

$
(0.40
)
$
2.44

 
$
3.63

$
0.38

$
4.01

 
$
3.50

$
0.36

$
3.86

(1) 
Despite being included currently in Diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035.
(2) 
Approximately 8 million in 2015, 9 million in 2014 and 12 million in 2013 of the Company's outstanding stock options were not included in the Diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares).
(3) 
Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings/(loss) attributable to Procter & Gamble.