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EARNINGS PER SHARE (Tables)
 6 Months Ended
Dec. 31, 2018
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block] Net earnings per share were as follows:
CONSOLIDATED AMOUNTS
Three Months Ended December 31
 
Six Months Ended December 31
 
2018
 
2017
 
2018
 
2017
Net earnings
$
3,216

 
$
2,561

 
$
6,427

 
$
5,431

Less: Net earnings attributable to noncontrolling interests
22

 
66

 
34

 
83

Net earnings attributable to P&G (Diluted)
3,194

 
2,495

 
6,393

 
5,348

Preferred dividends, net of tax
(65
)
 
(62
)
 
(131
)
 
(124
)
Net earnings attributable to P&G available to common shareholders (Basic)
$
3,129

 
$
2,433

 
$
6,262

 
$
5,224

 
 
 
 
 
 
 
 
SHARES IN MILLIONS
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,499.7

 
2,533.9

 
2,497.8

 
2,542.2

Add: Effect of dilutive securities
 
 
 
 
 
 
 
Conversion of preferred shares (1)
90.7

 
95.5

 
91.3

 
96.0

Impact of stock options and other unvested equity awards (2)
32.6

 
40.2

 
28.5

 
41.9

Diluted weighted average common shares outstanding
2,623.0

 
2,669.6

 
2,617.6

 
2,680.1

 
 
 
 
 
 
 
 
NET EARNINGS PER SHARE (3)
 
 
 
 
 
 
 
Basic
$
1.25

 
$
0.96

 
$
2.51

 
$
2.05

Diluted
$
1.22

 
$
0.93

 
$
2.44

 
$
2.00

(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 23 million and 24 million for the three months ended December 31, 2018 and 2017, and approximately 35 million and 22 million for the six months ended December 31, 2018 and 2017 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) 
Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.