XML 44 R16.htm IDEA: XBRL DOCUMENT v3.24.2.u1
EARNINGS PER SHARE
 12 Months Ended
Jun. 30, 2024
Earnings Per Share [Abstract]  
EARNINGS PER SHARE
EARNINGS PER SHARE
Basic net earnings per common share are calculated by dividing Net earnings attributable to Procter & Gamble less preferred dividends by the weighted average number of common shares outstanding during the period. Diluted net earnings per common share are calculated by dividing Net earnings attributable to Procter & Gamble by the diluted weighted average number of common shares outstanding during the period. The diluted shares include the dilutive effect of stock options and other share-based awards based on the treasury stock method (see Note 7) and the assumed conversion of preferred stock (see Note 8).
Net earnings per common share were calculated as follows:
Fiscal years ended June 30202420232022
CONSOLIDATED AMOUNTS
Net earnings$14,974 $14,738 $14,793 
Less: Net earnings attributable to noncontrolling interests95 85 51 
Net earnings attributable to P&G14,879 14,653 14,742 
Less: Preferred dividends284 282 281 
Net earnings attributable to P&G available to common shareholders (Basic)$14,595 $14,371 $14,461 
Net earnings attributable to P&G available to common shareholders (Diluted)$14,879 $14,653 $14,742 
SHARES IN MILLIONS
Basic weighted average common shares outstanding2,360.12,368.22,410.3
Add effect of dilutive securities:
Stock options and other unvested equity awards (1)
38.339.449.5
Convertible preferred shares (2)
73.676.379.3
Diluted weighted average common shares outstanding2,471.92,483.92,539.1
NET EARNINGS PER COMMON SHARE
Basic$6.18 $6.07 $6.00 
Diluted$6.02 $5.90 $5.81 
(1)Excludes 4 million, 19 million and 11 million in 2024, 2023 and 2022, 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.