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EARNINGS PER SHARE (Details) - USD ($)
$ / shares in Units, shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2022
Dec. 31, 2021
Earnings Per Share Reconciliation [Abstract]        
Net Earnings $ 3,959 $ 4,242 $ 7,922 $ 8,368
Net Income (Loss) Attributable to Noncontrolling Interest 26 19 50 33
Net Earnings/(Loss) Attributable to P&G (Diluted) 3,933 4,223 7,872 8,335
Dividends, Preferred Stock 70 70 141 140
Net Earnings/(Loss) Attributable to P&G Available to Common Shareholders (Basic) $ 3,863 $ 4,153 $ 7,731 $ 8,195
Weighted Average Number of Shares Outstanding, Diluted [Abstract]        
Basic Weighted Average Common Shares Outstanding 2,365.9 2,413.4 2,375.7 2,420.7
Effect of Dilutive Securities        
Conversion of Preferred Shares [1] 76.7 79.6 77.0 80.1
Exercise of Stock Options and Other Unvested Equity Awards [2] 38.6 51.2 39.7 50.8
Diluted Weighted Average Common Shares Outstanding 2,481.2 2,544.2 2,492.4 2,551.6
Basic Net Earnings/(Loss) Per Common Share [3],[4] $ 1.63 $ 1.72 $ 3.25 $ 3.39
Diluted Net Earnings/(Loss) Per Common Share [3],[4] $ 1.59 $ 1.66 $ 3.16 $ 3.27
[1] An overview of preferred shares can be found in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022.
[2] Excludes 22 million and 14 million for the three months ended December 31, 2022 and 2021, respectively, and 19 million and 13 million for the six months ended December 31, 2022 and 2021, 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.
[3] Basic net earnings per share and Diluted net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[4] Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.