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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
NET SALES $ 15,755 $ 16,930 $ 49,197 $ 54,196
Cost of products sold 7,915 8,927 24,527 28,219
Selling, general and administrative expense 4,522 4,978 13,731 15,740
OPERATING INCOME 3,318 3,025 10,939 10,237
Interest expense 146 148 429 478
Interest income 33 38 135 103
Other non-operating income, net 21 53 38 85
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES 3,226 2,968 10,683 9,947
Income taxes on continuing operations 889 567 2,664 2,156
NET EARNINGS FROM CONTINUING OPERATIONS 2,337 2,401 8,019 7,791
NET EARNINGS/(LOSS) FROM DISCONTINUED OPERATIONS 446 (213) 627 (1,185)
NET EARNINGS 2,783 2,188 8,646 6,606
Less: Net earnings attributable to noncontrolling interests 33 35 89 91
NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE $ 2,750 $ 2,153 $ 8,557 $ 6,515
BASIC NET EARNINGS PER COMMON SHARE: (1)        
Earnings from continuing operations [1] $ 0.83 $ 0.85 $ 2.86 $ 2.77
Earnings/(loss) from discontinued operations [1] 0.17 (0.08) 0.23 (0.44)
BASIC NET EARNINGS PER COMMON SHARE [1],[2] 1.00 0.77 3.09 2.33
DILUTED NET EARNINGS PER COMMON SHARE: (1)        
Earnings from continuing operations [1] 0.81 0.82 2.78 2.67
Earnings/(loss) from discontinued operations [1] 0.16 (0.07) 0.22 (0.41)
DILUTED NET EARNINGS PER COMMON SHARE [1],[2] 0.97 0.75 3.00 2.26
DIVIDENDS PER COMMON SHARE $ 0.663 $ 0.644 $ 1.989 $ 1.931
Diluted Weighted Average Common Shares Outstanding 2,835.0 2,882.5 2,855.6 2,885.3
[1] Basic net earnings per share and diluted net earnings per share are calculated on net earnings attributable to Procter & Gamble.
[2] Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.