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CONSOLIDATED STATEMENTS OF EARNINGS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Net Sales $ 70,950 $ 67,684 $ 66,832
Cost of Goods Sold (Deprecated 2018-01-31) 35,250 34,768 34,432
Selling, General and Administrative Expense 19,994 19,084 19,037
Goodwill & Indefinite Lived Intangible Asset Impairment Charges 0 8,345 0
Operating Income 15,706 5,487 13,363
Interest Expense (465) (509) (506)
Investment Income, Interest 155 220 247
Other Nonoperating Income (Expense) 438 871 222
Earnings from Continuing Operations Before Income Taxes 15,834 6,069 13,326
Income Taxes on Continuing Operations 2,731 2,103 3,465
Net Earnings 13,103 3,966 9,861
Net Earnings Attributable to Noncontrolling Interest 76 69 111
Net Income (Loss) Attributable to Parent [1] $ 13,027 $ 3,897 $ 9,750
BASIC NET EARNINGS PER COMMON SHARE      
Earnings Per Share, Basic [2],[3] $ 5.13 $ 1.45 $ 3.75
DILUTED NET EARNINGS PER COMMON SHARE      
Earnings Per Share, Diluted [2],[3] $ 4.96 [4] $ 1.43 [4],[5] $ 3.67
[1] Net earnings attributable to Procter & Gamble in fiscal 2019 was negatively impacted by the impairment charges of $8.3 billion related to Shave Care goodwill and Gillette indefinite-lived intangible assets.
[2] Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[3] Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[4] Diluted net earnings/(loss) per share is calculated on Net earnings/(loss) attributable to Procter & Gamble.
[5] 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.