ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)

9 Months Ended

Mar. 31, 2022

Statement of Comprehensive Income [Abstract]

Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]

The table below presents the changes in Accumulated other comprehensive income/(loss) attributable to Procter & Gamble (AOCI), including the reclassifications out of AOCI by component:

	Investment Securities		Post-retirement Benefits		Foreign Currency Translation		Total AOCI
Balance at June 30, 2021	$	15	$	(2,963)	$	(10,796)	$	(13,744)
OCI before reclassifications (1)	6		812		(683)		135
Amounts reclassified from AOCI into the Consolidated Statements of Earnings (2)	1		156				157
Net current period OCI	7		968		(683)		292
Less: Other comprehensive income/(loss) attributable to non-controlling interests	—		—		(4)		(4)
Balance at March 31, 2022	$	22	$	(1,995)	$	(11,475)	$	(13,448)

(1)Net of tax expense of $1, $257 and $314 for gains/losses on investment securities, postretirement benefit items and foreign currency translation, respectively. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions. Foreign cumulative translation is not adjusted for income taxes related to permanent investments in international subsidiaries.

(2)Net of tax expense of $0, $55 and $0 for gains/losses on investment securities, postretirement benefit items and foreign currency translation, respectively.