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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Earnings Per Share [Abstract]      
Net Earnings $ 14,738 $ 14,793 $ 14,352
Net Earnings Attributable to Noncontrolling Interest 85 51 46
Net Income (Loss) Attributable to Parent 14,653 14,742 14,306
Dividends, Preferred Stock 282 281 271
Net Income (Loss) Available to Common Stockholders, Basic 14,371 14,461 14,035
Net Income (Loss) Available to Common Stockholders, Diluted $ 14,653 $ 14,742 $ 14,306
Weighted Average Number of Shares Outstanding, Basic 2,368.2 2,410.3 2,465.8
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements [1] 39.4 49.5 52.5
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock [2] 76.3 79.3 82.7
Weighted Average Number of Shares Outstanding, Diluted 2,483.9 2,539.1 2,601.0
Earnings Per Share, Basic [3] $ 6.07 $ 6.00 $ 5.69
Earnings Per Share, Diluted $ 5.90 [3] $ 5.81 [4] $ 5.50 [3]
[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.
[4] Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.