Earnings Per Share (Tables)

3 Months Ended

Sep. 30, 2024

Earnings Per Share [Abstract]

Schedule of Earnings Per Share, Basic and Diluted

Net earnings per common share were calculated as follows:

CONSOLIDATED AMOUNTS	Three Months Ended September 30
	2024		2023
Net earnings	$	3,987	$	4,556
Less: Net earnings attributable to noncontrolling interests	28		35
Net earnings attributable to P&G	3,959		4,521
Less: Preferred dividends	72		70
Net earnings attributable to P&G available to common shareholders (Basic)	$	3,887	$	4,450
SHARES IN MILLIONS
Basic weighted average common shares outstanding	2,356.2		2,360.0
Add effect of dilutive securities:
Convertible preferred shares (1)	71.9		74.6
Stock options and other unvested equity awards (2)	37.9		40.6
Diluted weighted average common shares outstanding	2,466.0		2,475.2
NET EARNINGS PER COMMON SHARE
Basic	$	1.65	$	1.89
Diluted	$	1.61	$	1.83

(1)An overview of preferred shares can be found in our Annual Report on Form 10-K for the fiscal year ended June 30, 2024.

(2)Excludes approximately 1 million for the three months ended September 30, 2024 and 2023 respectively, of weighted average stock options outstanding because the exercise price of these options was greater than their average market value or their effect was antidilutive.