XML 27 R13.htm IDEA: XBRL DOCUMENT v3.25.1
Earnings Per Share
 9 Months Ended
Mar. 31, 2025
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 and the assumed conversion of preferred stock.
Net earnings per common share were calculated as follows:
CONSOLIDATED AMOUNTSThree Months Ended March 31Nine Months Ended March 31
2025202420252024
Net earnings$3,793 $3,781 $12,439 $11,830 
Less: Net earnings attributable to noncontrolling interests23 27 80 88 
Net earnings attributable to P&G3,769 3,754 12,359 11,742 
Less: Preferred dividends71 69 215 209 
Net earnings attributable to P&G available to common shareholders (Basic)$3,698 $3,685 $12,144 $11,533 
SHARES IN MILLIONS
Basic weighted average common shares outstanding2,347.2 2,360.5 2,351.8 2,359.5 
Add effect of dilutive securities:
Convertible preferred shares (1)
70.7 73.3 71.3 73.9 
Stock options and other unvested equity awards (2)
31.9 38.1 34.9 38.4 
Diluted weighted average common shares outstanding2,449.8 2,472.0 2,458.0 2,471.8 
NET EARNINGS PER COMMON SHARE
Basic$1.58 $1.56 $5.16 $4.89 
Diluted$1.54 $1.52 $5.03 $4.75 
(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 8 million and 6 million for the three months ended March 31, 2025 and 2024 respectively, and 6 million for the nine months ended March 31, 2025 and 2024 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.