ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Jun. 30, 2020

Accumulated Other Comprehensive Income/(Loss) [Text Block]

ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)

The table below presents the changes in Accumulated other comprehensive income/(loss) attributable to Procter & Gamble (AOCI), including the reclassifications out of AOCI by component:


Changes in Accumulated Other Comprehensive Income/(Loss) by Component
	Investment Securities		Post-retirement Benefits		Foreign Currency Translation		Total AOCI
BALANCE at JUNE 30, 2018	$	(173)	$	(4,058)	$	(10,518)	$	(14,749)
OCI before reclassifications ⁽¹⁾	167		(43)		(213)		(89)
Amounts reclassified from AOCI into the Consolidated Statement of Earnings ⁽²⁾	17		212		—		229
Net current period OCI	184		169		(213)		140
Reclassification to retained earnings in accordance with ASU 2018-02 ⁽³⁾	—		(308)		(18)		(326)
Less: Other comprehensive income/(loss) attributable to non-controlling interests	—		1		—		1
BALANCE at JUNE 30, 2019	11		(4,198)		(10,749)		(14,936)
OCI before reclassifications ⁽⁴⁾	(10)		(453)		(1,083)		(1,546)
Amounts reclassified from AOCI into the Consolidated Statement of Earnings ⁽⁵⁾	(2)		303		—		301
Net current period OCI	(12)		(150)		(1,083)		(1,245)

Less: Other comprehensive income/(loss) attributable to non-controlling interests	—		2		(18)		(16)
BALANCE at JUNE 30, 2020	$	(1)	$	(4,350)	$	(11,814)	$	(16,165)

⁽¹⁾Net of tax benefit)/expense of $0, $(44) and $78 for gains/losses on investment securities, postretirement benefit items and foreign currency translation, respectively, for the period ended June 30, 2019.

⁽²⁾Net of tax (benefit)/expense of $0, $66 and $0 for gains/losses on investment securities, postretirement benefit items and foreign currency translation, respectively, for the period ended June 30, 2019.

⁽³⁾Adjustment made to early adopt ASU 2018-02: "Reclassification of Certain Effects from Accumulated Other Comprehensive Income."

⁽⁴⁾Net of tax (benefit)/expense of $(1), $(131) and $59 for gains/losses on investment securities, postretirement benefit items and foreign currency translation, respectively, for the period ended June 30, 2020.

⁽⁵⁾Net of tax (benefit)/expense of $0, $89 and $0 for gains/losses on investment securities, postretirement benefit items and foreign currency translation, respectively, for the period ended June 30, 2020.

The below provides additional details on amounts reclassified from AOCI into the Consolidated Statement of Earnings:

•Investment securities: amounts reclassified from AOCI into Other non-operating income, net.

•Postretirement benefits: amounts reclassified from AOCI into Other non-operating income, net and included in the computation of net periodic postretirement costs (see Note 8 for additional details).