EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2023

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]

Net earnings per common share were calculated as follows:

Fiscal years ended June 30	2023		2022		2021
CONSOLIDATED AMOUNTS
Net earnings	$	14,738	$	14,793	$	14,352
Less: Net earnings attributable to noncontrolling interests	85		51		46
Net earnings attributable to P&G	14,653		14,742		14,306
Less: Preferred dividends	282		281		271
Net earnings attributable to P&G available to common shareholders (Basic)	$	14,371	$	14,461	$	14,035
Net earnings attributable to P&G available to common shareholders (Diluted)	$	14,653	$	14,742	$	14,306
SHARES IN MILLIONS
Basic weighted average common shares outstanding	2,368.2		2,410.3		2,465.8
Add effect of dilutive securities:
Stock options and other unvested equity awards (1)	39.4		49.5		52.5
Convertible preferred shares (2)	76.3		79.3		82.7
Diluted weighted average common shares outstanding	2,483.9		2,539.1		2,601.0
NET EARNINGS PER COMMON SHARE (3)
Basic	$	6.07	$	6.00	$	5.69
Diluted	$	5.90	$	5.81	$	5.50

(1)Excludes 19 million, 11 million and 9 million in 2023, 2022 and 2021, 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.