EARNINGS PER SHARE (Tables)

12 Months Ended

Jun. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Net earnings per common share were calculated as follows:

Fiscal years ended June 30	2024		2023		2022
CONSOLIDATED AMOUNTS
Net earnings	$	14,974	$	14,738	$	14,793
Less: Net earnings attributable to noncontrolling interests	95		85		51
Net earnings attributable to P&G	14,879		14,653		14,742
Less: Preferred dividends	284		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 outstanding	2,360.1		2,368.2		2,410.3
Add effect of dilutive securities:
Stock options and other unvested equity awards (1)	38.3		39.4		49.5
Convertible preferred shares (2)	73.6		76.3		79.3
Diluted weighted average common shares outstanding	2,471.9		2,483.9		2,539.1
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.