XML 49 R36.htm IDEA: XBRL DOCUMENT v3.4.0.3
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Earnings Per Share Reconciliation [Abstract]        
Net earnings $ 2,783 $ 2,188 $ 8,646 $ 6,606
Net earnings attributable to noncontrolling interests (33) (35) (89) (91)
Net earnings/(loss) attributable to P&G (Diluted) 2,750 2,153 8,557 6,515
Preferred dividends, net of tax benefit (63) (59) (192) (189)
Net earnings/(loss) attributable to P&G available to Common Shareholders (Basic) $ 2,687 $ 2,094 $ 8,365 $ 6,326
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic weighted average common shares outstanding 2,688.7 2,711.7 2,709.2 2,709.4
Effect of dilutive securities        
Conversion of preferred shares (1) [1] 103.4 108.1 104.6 109.1
Exercise of stock options and other unvested equity awards (2) [2] 42.9 62.7 41.8 66.8
Diluted weighted average common shares outstanding 2,835.0 2,882.5 2,855.6 2,885.3
Basic net earnings/(loss) per common share [3],[4] $ 1.00 $ 0.77 $ 3.09 $ 2.33
Diluted net earnings/(loss) per common share [3],[4] $ 0.97 $ 0.75 $ 3.00 $ 2.26
Continuing Operations        
Earnings Per Share Reconciliation [Abstract]        
Net earnings $ 2,337 $ 2,401 $ 8,019 $ 7,791
Net earnings attributable to noncontrolling interests (32) (34) (88) (83)
Net earnings/(loss) attributable to P&G (Diluted) 2,305 2,367 7,931 7,708
Preferred dividends, net of tax benefit (63) (59) (192) (189)
Net earnings/(loss) attributable to P&G available to Common Shareholders (Basic) $ 2,242 $ 2,308 $ 7,739 $ 7,519
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic weighted average common shares outstanding 2,688.7 2,711.7 2,709.2 2,709.4
Effect of dilutive securities        
Conversion of preferred shares (1) [1] 103.4 108.1 104.6 109.1
Exercise of stock options and other unvested equity awards (2) [2] 42.9 62.7 41.8 66.8
Diluted weighted average common shares outstanding 2,835.0 2,882.5 2,855.6 2,885.3
Basic net earnings/(loss) per common share [3] $ 0.83 $ 0.85 $ 2.86 $ 2.77
Diluted net earnings/(loss) per common share [3] $ 0.81 $ 0.82 $ 2.78 $ 2.67
Discontinued Operations        
Earnings Per Share Reconciliation [Abstract]        
Net earnings $ 446 $ (213) $ 627 $ (1,185)
Net earnings attributable to noncontrolling interests (1) (1) (1) (8)
Net earnings/(loss) attributable to P&G (Diluted) 445 (214) 626 (1,193)
Preferred dividends, net of tax benefit 0 0 0 0
Net earnings/(loss) attributable to P&G available to Common Shareholders (Basic) $ 445 $ (214) $ 626 $ (1,193)
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic weighted average common shares outstanding 2,688.7 2,711.7 2,709.2 2,709.4
Effect of dilutive securities        
Conversion of preferred shares (1) [1] 103.4 108.1 104.6 109.1
Exercise of stock options and other unvested equity awards (2) [2] 42.9 62.7 41.8 66.8
Diluted weighted average common shares outstanding 2,835.0 2,882.5 2,855.6 2,885.3
Basic net earnings/(loss) per common share [3] $ 0.17 $ (0.08) $ 0.23 $ (0.44)
Diluted net earnings/(loss) per common share [3] $ 0.16 $ (0.07) $ 0.22 $ (0.41)
[1] Despite being included currently in diluted net earnings per common share, the actual conversion of preferred shares 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] Outstanding stock options of approximately 33 million and 10 million for the three months ended March 31, 2016 and 2015, respectively, and approximately 51 million and 4 million for the nine months ended March 31, 2016 and 2015, respectively, 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 attributable to Procter & Gamble.
[4] Basic net earnings per share and diluted net earnings per share are calculated on net earnings attributable to Procter & Gamble.