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EARNINGS PER SHARE (Tables)
 12 Months Ended
Jun. 30, 2016
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Net earnings/(loss) attributable to Procter & Gamble and common shares used to calculate Basic and Diluted net earnings per share were as follows:
Years ended June 30
2016
 
2015
 
2014
CONSOLIDATED AMOUNTS
Continuing Operations
Dis-continued Operations
Total
 
Continuing Operations
Dis-continued Operations
Total
 
Continuing Operations
Dis-continued Operations
Total
Net earnings/(loss)
$
10,027

$
577

$
10,604

 
$
8,287

$
(1,143
)
$
7,144

 
$
10,658

$
1,127

$
11,785

Net earnings attributable to noncontrolling interests
(96
)
—

(96
)
 
(98
)
(10
)
(108
)
 
(120
)
(22
)
(142
)
Net earnings/(loss) attributable to P&G (Diluted)
9,931

577

10,508

 
8,189

(1,153
)
7,036

 
10,538

1,105

11,643

Preferred dividends, net of tax
(255
)
—

(255
)
 
(259
)
—

(259
)
 
(253
)
—

(253
)
Net earnings/(loss) attributable to P&G available to common shareholders (Basic)
$
9,676

$
577

$
10,253

 
$
7,930

$
(1,153
)
$
6,777

 
$
10,285

$
1,105

$
11,390

SHARES IN MILLIONS
 
 
 
 
 
 
 
 
 
 
 
Basic weighted average common shares outstanding
2,698.9

2,698.9

2,698.9

 
2,711.7

2,711.7

2,711.7

 
2,719.8

2,719.8

2,719.8

Add: Effect of dilutive securities
 
 
 
 
 
 
 
 
 
 
 
Conversion of preferred shares(1)
103.9

103.9

103.9

 
108.6

108.6

108.6

 
112.3

112.3

112.3

Impact of stock options and other unvested equity awards (2)
41.6

41.6

41.6

 
63.3

63.3

63.3

 
72.6

72.6

72.6

Diluted weighted average common shares outstanding
2,844.4

2,844.4

2,844.4

 
2,883.6

2,883.6

2,883.6

 
2,904.7

2,904.7

2,904.7

PER SHARE AMOUNTS
 
 
 
 
 
 
 
 
 
 
 
Basic net earnings/(loss) per common share (3)
$
3.59

$
0.21

$
3.80

 
$
2.92

$
(0.42
)
$
2.50

 
$
3.78

$
0.41

$
4.19

Diluted net earnings/(loss) per common share (3)
$
3.49

$
0.20

$
3.69

 
$
2.84

$
(0.40
)
$
2.44

 
$
3.63

$
0.38

$
4.01

(1) 
Despite being included currently in Diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035.
(2) 
Outstanding stock options of approximately 55 million in 2016, 8 million in 2015 and 9 million in 2014 were not included in the Diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares).
(3) 
Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings/(loss) attributable to Procter & Gamble.