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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Net Sales $ 67,684 $ 66,832 $ 65,058
Cost of Goods Sold (Deprecated 2018-01-31) 34,768 34,432 32,638
Selling, General and Administrative Expense 19,084 19,037 18,654
Goodwill & Indefinite Lived Intangible Asset Impairment Charges 8,345 0 0
Operating Income 5,487 13,363 13,766
Interest Expense 509 506 465
Investment Income, Interest 220 247 171
Other Nonoperating Income (Expense) 871 222 (215)
Earnings from Continuing Operations Before Income Taxes 6,069 13,326 13,257
Income Taxes on Continuing Operations 2,103 3,465 3,063
Net Earnings from Continuing Operations 3,966 9,861 10,194
Net Earnings/(Loss) from Discontinued Operations 0 0 5,217
Net Earnings 3,966 9,861 15,411
Net Earnings Attributable to Noncontrolling Interest 69 111 85
Net Income (Loss) Attributable to Parent $ 3,897 $ 9,750 $ 15,326
BASIC NET EARNINGS PER COMMON SHARE      
Earnings from Continuing Operations, Per Basic Share [1] $ 1.45 $ 3.75 $ 3.79
Earnings/(Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share [1] 0 0 2.01
Earnings Per Share, Basic [1],[2] 1.45 3.75 5.80
DILUTED NET EARNINGS PER COMMON SHARE      
Earnings from Continuing Operations, Per Diluted Share [1] 1.43 3.67 3.69
Earnings/(Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share [1] 0 0 1.90
Earnings Per Share, Diluted [1],[2] $ 1.43 [3],[4] $ 3.67 [3],[4] $ 5.59
[1] Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[2]
Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[3]
Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.
[4]
Diluted net earnings/(loss) per share in each quarter is computed using the weighted average number of shares outstanding during that quarter while Diluted net earnings/(loss) per share for the full year is computed using the weighted average number of shares outstanding during the year.  In the quarter ended June 30, 2019, the Company reported a Net loss attributable to P&G, driven by the Shave Care impairment charges discussed in Note 4.  This caused certain of our equity instruments to be antidilutive for the full year (preferred shares) and for the quarter ended June 30, 2019 (preferred shares and equity awards). Because these securities were dilutive during the first three quarters of this fiscal year, the sum of the four quarters' Diluted net earnings/(loss) per share will not equal the full-year Diluted net earnings per common share.