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EARNINGS PER SHARE (Tables)
 6 Months Ended
Dec. 31, 2017
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Net earnings per share were as follows:
 
Three Months Ended December 31, 2017
 
Three Months Ended December 31, 2016
CONSOLIDATED AMOUNTS
Total
 
Continuing Operations
Discontinued Operations
Total
Net earnings
$
2,561

 
$
2,561

$
5,335

$
7,896

Net earnings attributable to noncontrolling interests
(66
)
 
(21
)
—

(21
)
Net earnings attributable to P&G (Diluted)
2,495

 
2,540

5,335

7,875

Preferred dividends, net of tax benefit
(62
)
 
(61
)
—

(61
)
Net earnings attributable to P&G available to common shareholders (Basic)
$
2,433

 
$
2,479

$
5,335

$
7,814

 
 
 
 
 
 
SHARES IN MILLIONS
 
 
 
 
 
Basic weighted average common shares outstanding
2,533.9

 
2,596.6

2,596.6

2,596.6

Effect of dilutive securities
 
 
 
 
 
Conversion of preferred shares (1)
95.5

 
100.1

100.1

100.1

Exercise of stock options and other unvested equity awards (2)
40.2

 
40.9

40.9

40.9

Diluted weighted average common shares outstanding
2,669.6

 
2,737.6

2,737.6

2,737.6

 
 
 
 
 
 
PER SHARE AMOUNTS (3)
 
 
 
 
 
Basic net earnings per common share
$
0.96

 
$
0.96

$
2.05

$
3.01

Diluted net earnings per common share
$
0.93

 
$
0.93

$
1.95

$
2.88

 
 
 
 
 
 
 
Six Months Ended December 31, 2017
 
Six Months Ended December 31, 2016
CONSOLIDATED AMOUNTS
Total
 
Continuing Operations
Discontinued Operations
Total
Net earnings
$
5,431

 
$
5,436

$
5,217

$
10,653

Net earnings attributable to noncontrolling interests
(83
)
 
(64
)
—

(64
)
Net earnings attributable to P&G (Diluted)
5,348

 
5,372

5,217

10,589

Preferred dividends, net of tax benefit
(124
)
 
(124
)
—

(124
)
Net earnings attributable to P&G available to common shareholders (Basic)
$
5,224

 
$
5,248

$
5,217

$
10,465

 
 
 
 
 
 
SHARES IN MILLIONS
 
 
 
 
 
Basic weighted average common shares outstanding
2,542.2

 
2,635.6

2,635.6

2,635.6

Effect of dilutive securities
 
 
 
 
 
Conversion of preferred shares (1)
96.0

 
100.5

100.5

100.5

Exercise of stock options and other unvested equity awards (2)
41.9

 
44.1

44.1

44.1

Diluted weighted average common shares outstanding
2,680.1

 
2,780.2

2,780.2

2,780.2

 
 
 
 
 
 
PER SHARE AMOUNTS (3)
 
 
 
 
 
Basic net earnings per common share
$
2.05

 
$
1.99

$
1.98

$
3.97

Diluted net earnings per common share
$
2.00

 
$
1.93

$
1.88

$
3.81


(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) 
Weighted average outstanding stock options of approximately 24 million and 27 million for the three months ended December 31, 2017 and 2016, and approximately 22 million and 27 million for the six months ended December 31, 2017 and 2016, 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.