ACCUMULATED OTHER COMPREHENSIVE INCOME

12 Months Ended

Jun. 30, 2023

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 Benefit Plans		Foreign Currency Translation		Total AOCI
BALANCE at JUNE 30, 2021	$	15	$	(2,963)	$	(10,796)	$	(13,744)
OCI before reclassifications (1)	4		2,797		(1,451)		1,350
Amounts reclassified to the Consolidated Statement of Earnings (2)	1		195		1		197
Net current period OCI	5		2,992		(1,450)		1,547
Less: OCI attributable to non-controlling interests	—		2		(10)		(8)
BALANCE at JUNE 30, 2022	20		27		(12,236)		(12,189)
OCI before reclassifications (3)	(7)		21		(71)		(57)
Amounts reclassified to the Consolidated Statement of Earnings (4)	—		19		—		19
Net current period OCI	(7)		40		(71)		(38)
Less: OCI attributable to non-controlling interests	—		—		(7)		(7)
BALANCE at JUNE 30, 2023	$	13	$	67	$	(12,300)	$	(12,220)

(1)Net of tax (benefit)/expense of $1, $953 and $515 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions.

(2)Net of tax (benefit)/expense of $0, $69 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022.

(3)Net of tax (benefit)/expense of $(2), $1 and $(197) for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions.

(4)Net of tax (benefit)/expense of $0, $8 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023.

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 benefit plans: amounts reclassified from AOCI into Other non-operating income, net and included in the computation of net periodic postretirement costs (see Note 8).