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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Earnings Per Share [Abstract]      
Net Earnings $ 14,793 $ 14,352 $ 13,103
Net Earnings Attributable to Noncontrolling Interest 51 46 76
Net Income (Loss) Attributable to Parent 14,742 14,306 13,027
Dividends, Preferred Stock 281 271 263
Net Income (Loss) Available to Common Stockholders, Basic 14,461 14,035 12,764
Net Income (Loss) Available to Common Stockholders, Diluted $ 14,742 $ 14,306 $ 13,027
Weighted Average Number of Shares Outstanding, Basic 2,410.3 2,465.8 2,487.1
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements [1] 49.5 52.5 52.7
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock [2] 79.3 82.7 86.0
Weighted Average Number of Shares Outstanding, Diluted 2,539.1 2,601.0 2,625.8
Earnings Per Share, Basic [3],[4] $ 6.00 $ 5.69 $ 5.13
Earnings Per Share, Diluted [3],[4] $ 5.81 $ 5.50 $ 4.96
[1] Excludes 11 million, 9 million and 6 million in 2022, 2021 and 2020, respectively, of weighted average stock options outstanding because the exercise price of these options was greater than the average market value of the Company's stock or their effect was antidilutive.
[2] An overview of preferred shares can be found in Note 8.
[3] Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[4] Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.