EXHIBIT (11)
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
Amounts in millions except per share amounts
Years ended June 30 | 2013 | 2012 | 2011 | 2010 | 2009 | ||||||||||||||
BASIC NET EARNINGS PER SHARE | |||||||||||||||||||
Net earnings from continuing operations | $ | 11,402 | $ | 9,317 | $ | 11,698 | $ | 10,851 | $ | 10,645 | |||||||||
Net earnings attributable to noncontrolling interests | (90 | ) | (148 | ) | (130 | ) | (110 | ) | (86 | ) | |||||||||
Net earnings from continuing operations attributable to Procter & Gamble | 11,312 | 9,169 | 11,568 | 10,741 | 10,559 | ||||||||||||||
Preferred dividends, net of tax benefit | (244 | ) | (256 | ) | (233 | ) | (219 | ) | (192 | ) | |||||||||
Net earnings from continuing operations attributable to Procter & Gamble available to common shareholders | $ | 11,068 | $ | 8,913 | $ | 11,335 | $ | 10,522 | $ | 10,367 | |||||||||
Net earnings from discontinued operations | — | 1,587 | 229 | 1,995 | 2,877 | ||||||||||||||
Net earnings attributable to Procter & Gamble available to common shareholders | 11,068 | 10,500 | 11,564 | 12,517 | 13,244 | ||||||||||||||
Basic weighted average common shares outstanding | 2,742.9 | 2,751.3 | 2,804.0 | 2,900.8 | 2,952.2 | ||||||||||||||
Basic net earnings per common share - continuing operations | $ | 4.04 | $ | 3.24 | $ | 4.04 | $ | 3.63 | $ | 3.51 | |||||||||
Basic net earnings per common share - discontinued operations | — | 0.58 | 0.08 | 0.69 | 0.98 | ||||||||||||||
Basic net earnings per common share | 4.04 | 3.82 | 4.12 | 4.32 | 4.49 | ||||||||||||||
DILUTED NET EARNINGS PER SHARE | |||||||||||||||||||
Net earnings from continuing operations attributable to Procter & Gamble | $ | 11,312 | $ | 9,169 | $ | 11,568 | $ | 10,741 | $ | 10,559 | |||||||||
Net earnings from discontinued operations | — | 1,587 | 229 | 1,995 | 2,877 | ||||||||||||||
Net earnings attributable to Procter & Gamble | 11,312 | 10,756 | 11,797 | 12,736 | 13,436 | ||||||||||||||
Basic weighted average common shares outstanding | 2,742.9 | 2,751.3 | 2,804.0 | 2,900.8 | 2,952.2 | ||||||||||||||
Add potential effect of: | |||||||||||||||||||
Conversion of preferred shares | 116.8 | 123.9 | 128.5 | 134.0 | 139.2 | ||||||||||||||
Exercise of stock options and other unvested equity awards | 70.9 | 66.0 | 69.4 | 64.5 | 62.7 | ||||||||||||||
Diluted weighted average common shares outstanding | 2,930.6 | 2,941.2 | 3,001.9 | 3,099.3 | 3,154.1 | ||||||||||||||
Diluted net earnings per common share - continuing operations | $ | 3.86 | $ | 3.12 | $ | 3.85 | $ | 3.47 | $ | 3.35 | |||||||||
Diluted net earnings per common share - discontinued operations | — | 0.54 | 0.08 | 0.64 | 0.91 | ||||||||||||||
Diluted net earnings per common share | 3.86 | 3.66 | 3.93 | 4.11 | 4.26 | ||||||||||||||