ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

6 Months Ended

Dec. 31, 2022

Statement of Comprehensive Income [Abstract]

Comprehensive Income (Loss) Note [Text Block]

Accumulated Other Comprehensive Income/(Loss)

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 Benefit Plans		Foreign Currency Translation		Total AOCI
Balance at June 30, 2022	$	20	$	27	$	(12,236)	$	(12,189)
OCI before reclassifications (1)	(3)		2		(333)		(334)
Amounts reclassified to the Consolidated Statement of Earnings (2)	—		9		—		9
Net current period OCI	(3)		11		(333)		(325)
Less: OCI attributable to non-controlling interests	—		—		(8)		(8)
Balance at December 31, 2022	$	17	$	38	$	(12,561)	$	(12,506)

(1)Net of tax (benefit)/expense of $(1), $(4) and $(110) for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions.

(2)Net of tax (benefit)/expense of $0, $4 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively.

Postretirement benefit plan amounts are reclassified from AOCI into Other non-operating income, net and included in the computation of net periodic postretirement costs.