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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Mar. 31, 2022
Mar. 31, 2021
Earnings Per Share Reconciliation [Abstract]        
Net Earnings $ 3,367 $ 3,249 $ 11,735 $ 11,444
Net Income (Loss) Attributable to Noncontrolling Interest 12 (20) 45 44
Net Earnings/(Loss) Attributable to P&G (Diluted) 3,355 3,269 11,690 11,400
Dividends, Preferred Stock 68 65 208 197
Net Earnings/(Loss) Attributable to P&G Available to Common Shareholders (Basic) $ 3,287 $ 3,204 $ 11,482 $ 11,203
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic Weighted Average Common Shares Outstanding 2,400.5 2,459.1 2,414.0 2,473.7
Effect of Dilutive Securities        
Conversion of Preferred Shares [1] 78.9 82.3 79.7 83.1
Exercise of Stock Options and Other Unvested Equity Awards [2] 50.8 48.9 50.7 53.6
Diluted Weighted Average Common Shares Outstanding 2,530.2 2,590.3 2,544.4 2,610.4
Basic Net Earnings/(Loss) Per Common Share [3],[4] $ 1.37 $ 1.30 $ 4.76 $ 4.53
Diluted Net Earnings/(Loss) Per Common Share [3],[4] $ 1.33 $ 1.26 $ 4.59 $ 4.37
[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 5 million and 12 million for the three months ended March 31, 2022 and 2021, respectively, and 11 million and 8 million for the nine months ended March 31, 2022 and 2021, 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.