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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2021
Dec. 31, 2020
Earnings Per Share Reconciliation [Abstract]        
Net Earnings $ 4,242 $ 3,887 $ 8,368 $ 8,195
Net Income (Loss) Attributable to Noncontrolling Interest 19 33 33 64
Net Earnings/(Loss) Attributable to P&G (Diluted) 4,223 3,854 8,335 8,131
Dividends, Preferred Stock 70 66 140 132
Net Earnings/(Loss) Attributable to P&G Available to Common Shareholders (Basic) $ 4,153 $ 3,788 $ 8,195 $ 7,999
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic Weighted Average Common Shares Outstanding 2,413.4 2,475.8 2,420.7 2,481.0
Effect of Dilutive Securities        
Conversion of Preferred Shares [1] 79.6 83.1 80.1 83.5
Exercise of Stock Options and Other Unvested Equity Awards [2] 51.2 56.5 50.8 55.9
Diluted Weighted Average Common Shares Outstanding 2,544.2 2,615.4 2,551.6 2,620.4
Basic Net Earnings/(Loss) Per Common Share [3],[4] $ 1.72 $ 1.53 $ 3.39 $ 3.22
Diluted Net Earnings/(Loss) Per Common Share [3],[4] $ 1.66 $ 1.47 $ 3.27 $ 3.10
[1] An overview of preferred shares can be found in our Annual Report on Form 10-K for the year ended June 30, 2021.
[2] Excludes 14 million and 8 million for the three months ended December 31, 2021 and 2020, respectively, and 13 million and 6 million for the six months ended December 31, 2021 and 2020, respectively, of weighted average stock options outstanding because the exercise price of these options was greater than their average market value or their effect was antidilutive.
[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.