EARNINGS PER SHARE (Tables)
 9 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]
Net earnings per share were calculated as follows:
CONSOLIDATED AMOUNTSThree Months Ended March 31Nine Months Ended March 31
2023202220232022
Net earnings$3,424 $3,367 $11,346 $11,735 
Less: Net earnings attributable to noncontrolling interests27 12 77 45 
Net earnings attributable to P&G (Diluted)3,397 3,355 11,269 11,690 
Less: Preferred dividends69 68 210 208 
Net earnings attributable to P&G available to common shareholders (Basic)$3,328 $3,287 $11,059 $11,482 
SHARES IN MILLIONS
Basic weighted average common shares outstanding2,359.1 2,400.5 2,370.2 2,414.0 
Add: Effect of dilutive securities
Convertible preferred shares (1)
76.0 78.9 76.7 79.7 
Stock options and other unvested equity awards (2)
38.1 50.8 39.1 50.7 
Diluted weighted average common shares outstanding2,473.2 2,530.2 2,486.0 2,544.4 
NET EARNINGS PER SHARE (3)
Basic$1.41 $1.37 $4.67 $4.76 
Diluted$1.37 $1.33 $4.53 $4.59 
(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 21 million and 5 million for the three months ended March 31, 2023 and 2022, respectively, and 20 million and 11 million for the nine months ended March 31, 2023 and 2022, 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)Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.