XML 44 R30.htm IDEA: XBRL DOCUMENT v3.21.1
EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Mar. 31, 2021
Mar. 31, 2020
Earnings Per Share Reconciliation [Abstract]        
Net Earnings $ 3,249 $ 2,957 $ 11,444 $ 10,317
Net Income (Loss) Attributable to Noncontrolling Interest (20) 40 44 90
Net Earnings/(Loss) Attributable to P&G (Diluted) 3,269 2,917 11,400 10,227
Dividends, Preferred Stock 65 64 197 193
Net Earnings/(Loss) Attributable to P&G Available to Common Shareholders (Basic) $ 3,204 $ 2,853 $ 11,203 $ 10,034
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic Weighted Average Common Shares Outstanding 2,459.1 2,476.2 2,473.7 2,489.1
Effect of Dilutive Securities        
Conversion of Preferred Shares [1] 82.3 85.5 83.1 86.4
Exercise of Stock Options and Other Unvested Equity Awards [2] 48.9 51.6 53.6 54.8
Diluted Weighted Average Common Shares Outstanding 2,590.3 2,613.3 2,610.4 2,630.3
Basic Net Earnings/(Loss) Per Common Share [3],[4] $ 1.30 $ 1.15 $ 4.53 $ 4.03
Diluted Net Earnings/(Loss) Per Common Share [3],[4] $ 1.26 $ 1.12 $ 4.37 $ 3.89
[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 12 million and 7 million for the three months ended March 31, 2021 and 2020, and approximately 8 million and 3 million for the nine months ended March 31, 2021 and 2020, 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 share and Diluted net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[4] Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.