The Procter & Gamble Company (PG) 10-Q 26 Jan 16 2016 Q2 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION	6 Months Ended
	Dec. 31, 2015shares
Document Information [Line Items]
Entity Registrant Name	PROCTER & GAMBLE CO
Entity Central Index Key	80,424
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-Q
Document Period End Date	Dec. 31, 2015
Document Fiscal Year Focus	2,016
Document Fiscal Period Focus	Q2
Amendment Flag	false
Trading Symbol	PG
Entity Well Known Seasoned Issuer	Yes
Entity Current Reporting Status	Yes
Entity Voluntary Files	No
Entity Common Stock, Shares Outstanding	2,704,565,560

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
NET SALES		$ 16,915	$ 18,495	$ 33,442	$ 37,266
Cost of products sold		8,460	9,558	16,612	19,292
Selling, general and administrative expense		4,602	5,358	9,209	10,762
OPERATING INCOME		3,853	3,579	7,621	7,212
Interest expense		143	160	283	330
Interest income		58	34	102	65
Other non-operating income, net		35	19	17	32
EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES		3,803	3,472	7,457	6,979
Income taxes on continuing operations		898	798	1,775	1,589
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest		2,905	2,674	5,682	5,390
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest		323	(276)	181	(972)
NET EARNINGS		3,228	2,398	5,863	4,418
Less: Net earnings attributable to noncontrolling interests		22	26	56	56
NET EARNINGS ATTRIBUTABLE TO PROCTER & GAMBLE		$ 3,206	$ 2,372	$ 5,807	$ 4,362
Earnings Per Share, Basic [Abstract]
Income (Loss) from Continuing Operations, Per Basic Share	[1]	$ 1.04	$ 0.95	$ 2.02	$ 1.92
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Basic Share	[1]	0.12	(0.10)	0.07	(0.36)
Earnings Per Share, Basic	[1],[2]	1.16	0.85	2.09	1.56
Earnings Per Share, Diluted [Abstract]
Income (Loss) from Continuing Operations, Per Diluted Share	[1]	1.01	0.92	1.97	1.85
Discontinued Operation, Income (Loss) from Discontinued Operation, Net of Tax, Per Diluted Share	[1]	0.11	(0.10)	0.06	(0.34)
Earnings Per Share, Diluted	[1],[2]	1.12	0.82	2.03	1.51
Common Stock, Dividends, Per Share, Cash Paid		$ 0.663	$ 0.644	$ 1.326	$ 1.287
Weighted Average Number of Shares Outstanding, Diluted		2,864.6	2,885.2	2,865.8	2,886.8
[1]	Basic net earnings per share and diluted net earnings per share are calculated on net earnings attributable to Procter & Gamble.
[2]	Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.

CONDOLIDATED STATEMENTS OF COMP

CONDOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	$ 3,228	$ 2,398	$ 5,863	$ 4,418
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(955)	(2,091)	(1,978)	(4,927)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Net of Tax	252	365	210	773
Other Comprehensive Income (Loss), Available-for-sale Securities Adjustment, Net of Tax	(28)	1	(20)	(2)
Other Comprehensive (Income) Loss, Pension and Other Postretirement Benefit Plans, Adjustment, Net of Tax	143	219	234	501
Other Comprehensive Income (Loss), Net of Tax	(588)	(1,506)	(1,554)	(3,655)
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	2,640	892	4,309	763
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	22	(18)	56	(6)
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 2,618	$ 910	$ 4,253	$ 769

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Dec. 31, 2015	Jun. 30, 2015
CURRENT ASSETS
Cash and cash equivalents	$ 9,403	$ 6,836
Available-for-sale investment securities	4,874	4,767
Accounts receivable	4,721	4,568
INVENTORIES
Materials and supplies	1,425	1,266
Work in process	533	525
Finished goods	3,167	3,188
Total inventories	5,125	4,979
Deferred income taxes	1,173	1,356
Prepaid expenses and other current assets	1,828	2,708
Disposal Group, Including Discontinued Operation, Assets, Current	9,223	4,432
TOTAL CURRENT ASSETS	36,347	29,646
Property, Plant and Equipment, Net	18,910	19,655
Goodwill	44,157	44,622
Intangible Assets, Net (Excluding Goodwill)	24,495	25,010
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0	5,204
Other Assets, Noncurrent	5,234	5,358
Assets	129,143	129,495
Liabilities, Current [Abstract]
Accounts Payable, Current	7,717	8,138
Accrued Liabilities, Current	7,945	8,091
Disposal Group, Including Discontinued Operation, Liabilities, Current	2,460	1,543
Debt, Current	13,931	12,018
Liabilities, Current	32,053	29,790
Long-term Debt, Excluding Current Maturities	17,595	18,327
Deferred Tax Liabilities, Net, Noncurrent	9,257	9,179
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0	717
Other Liabilities, Noncurrent	7,936	8,432
Liabilities	66,841	66,445
Stockholders' Equity Attributable to Parent [Abstract]
Preferred Stock, Value, Issued	$ 1,062	$ 1,077
Common Stock, Shares, Issued	4,009.2	4,009.2
Common Stock, Value, Issued	$ 4,009	$ 4,009
Additional Paid in Capital	63,751	63,852
Reserve For ESOP Debt Retirement	(1,308)	(1,320)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(14,334)	(12,780)
Treasury Stock, Value	(78,469)	(77,226)
Retained Earnings (Accumulated Deficit)	86,917	84,807
Stockholders' Equity Attributable to Noncontrolling Interest	674	631
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	62,302	63,050
Liabilities and Equity	$ 129,143	$ 129,495

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Statement of Cash Flows [Abstract]
Cash and Cash Equivalents, at Carrying Value	$ 6,836	$ 8,558
Net Cash Provided by (Used in) Operating Activities [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest	5,863	4,418
Depreciation, Depletion and Amortization, Nonproduction	1,454	1,540
Share-based Compensation	140	151
Deferred Income Tax Expense (Benefit)	140	31
Gain (Loss) on Disposition of Business	(37)	(299)
Goodwill and Indefinite-lived Intangibles Impairment Charges	402	1,713
Changes in:
Increase (Decrease) in Accounts Receivable	(488)	(342)
Increase (Decrease) in Inventories	(386)	(506)
Increase (Decrease) in Accounts Payable and Accrued Liabilities	322	243
Increase (Decrease) in Other Operating Assets and Liabilities, Net	374	(164)
Other Noncash Income (Expense)	234	283
Net Cash Provided by (Used in) Operating Activities	8,018	7,068
Net Cash Provided by (Used in) Investing Activities [Abstract]
Capital expenditures	(1,223)	(1,642)
Proceeds from asset sales	80	3,648
Acquisitions, net of cash acquired	(186)	(112)
Payments to Acquire Short-term Investments	(762)	(2,106)
Proceeds from Sale of Short-term Investments	683	179
Change in investments	(31)	(836)
Net Cash Provided by (Used in) Investing Activities	(1,439)	(869)
Net Cash Provided by (Used in) Financing Activities [Abstract]
Payments of Dividends	(3,733)	(3,614)
Proceeds from (Repayments of) Short-term Debt	2,020	352
Proceeds from (Repayments of) Other Long-term Debt	1,721	1,112
Repayments of Long-term Debt	(2,239)	(1,911)
Payments for Repurchase of Common Stock	(2,503)	(4,253)
Proceeds From Stock Options Exercised And Other Financing Activities	1,007	2,009
Net Cash Provided by (Used in) Financing Activities	(3,727)	(6,305)
Effect of Exchange Rate on Cash and Cash Equivalents	(285)	(248)
Cash and Cash Equivalents, Period Increase (Decrease)	2,567	(354)
Cash and Cash Equivalents, at Carrying Value	$ 9,403	$ 8,204

BASIS OF PRESENTATION

BASIS OF PRESENTATION	6 Months Ended
	Dec. 31, 2015
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Organization, Consolidation and Presentation of Financial Statements Disclosure [Text Block]	Basis of Presentation These statements should be read in conjunction with the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2015 and the Form 8-K filed October 26, 2015 to update the Form 10-K to revise disclosures to reflect discontinued operations related to the pending sale of certain Beauty Brands businesses, which was announced by the Company on July 9, 2015. For additional details on the transaction and discontinued operations, see Note 11. In the opinion of management, the accompanying unaudited Consolidated Financial Statements of The Procter & Gamble Company and subsidiaries (the "Company," "Procter & Gamble," "P&G," "we" or "our") contain all adjustments necessary to present fairly the financial position, results of operations and cash flows for the interim periods reported. However, the results of operations included in such financial statements may not necessarily be indicative of annual results.

NEW ACCOUNTING PRONOUNCEMENTS A

NEW ACCOUNTING PRONOUNCEMENTS AND POLICIES	6 Months Ended
	Dec. 31, 2015
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	New Accounting Pronouncements and Policies In May 2014, the FASB issued ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)". This guidance outlines a single, comprehensive model for accounting for revenue from contracts with customers. We will adopt the standard no later than July 1, 2018. While we are currently assessing the impact of the new standard, we do not expect this new guidance to have a material impact on our Consolidated Financial Statements. On July 1, 2015, the Company adopted ASU 2014-08, "Reporting Discontinued Operations and Disclosures of Disposals of Components of an Entity". The guidance included new reporting and disclosure requirements for discontinued operations. For additional details on discontinued operations, see Note 11. No other new accounting pronouncement issued or effective during the fiscal year had, or is expected to have, a material impact on the Consolidated Financial Statements.

SEGMENT INFORMATION

SEGMENT INFORMATION	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segment Information As discussed in Note 11, the Beauty Brands, Batteries and Pet Care businesses are presented as discontinued operations and are excluded from segment results for all periods presented. Following is a summary of segment results: Three Months Ended December 31 Six Months Ended December 31 Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Beauty 2015 $ 2,963 $ 774 $ 585 $ 6,004 $ 1,596 $ 1,209 2014 3,297 792 607 6,740 1,642 1,246 Grooming 2015 1,806 579 441 3,480 1,078 831 2014 2,007 713 544 3,948 1,334 1,010 Health Care 2015 1,978 564 394 3,774 1,012 712 2014 2,088 514 369 4,099 973 691 Fabric Care and Home Care 2015 5,347 1,177 773 10,598 2,297 1,520 2014 5,773 1,081 705 11,705 2,162 1,424 Baby, Feminine and Family Care 2015 4,710 1,037 683 9,368 2,148 1,432 2014 5,217 1,117 760 10,539 2,319 1,585 Corporate 2015 111 (328 ) 29 218 (674 ) (22 ) 2014 113 (745 ) (311 ) 235 (1,451 ) (566 ) Total Company 2015 $ 16,915 $ 3,803 $ 2,905 $ 33,442 $ 7,457 $ 5,682 2014 18,495 3,472 2,674 37,266 6,979 5,390

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	6 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	Goodwill and Other Intangible Assets Goodwill is allocated by reportable segment as follows: Beauty Grooming Health Care Fabric Care and Home Care Baby, Feminine and Family Care Total Company Goodwill at June 30, 2015 $ 12,704 $ 19,619 $ 5,876 $ 1,874 $ 4,549 $ 44,622 Acquisitions and divestitures (2 ) — (2 ) — — (4 ) Translation and other (146 ) (196 ) (54 ) (22 ) (43 ) (461 ) Goodwill at December 31, 2015 $ 12,556 $ 19,423 $ 5,820 $ 1,852 $ 4,506 $ 44,157 On July 9, 2015 , the Company announced the signing of a definitive agreement to divest four product categories, initially comprised of 43 of its beauty brands ("Beauty Brands"), which will be merged with Coty, Inc. The transaction includes the global salon professional hair care and color, retail hair color and cosmetics businesses and a majority of the fine fragrances business, along with select hair styling brands (see Note 11). The Beauty Brands have historically been part of the Company's Beauty reportable segment (previously named Beauty, Hair and Personal Care). In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of the Beauty Brands are presented as discontinued operations. As a result, the goodwill attributable to the Beauty Brands as of June 30, 2015 and December 31, 2015 is excluded from the preceding table and is reported as Assets held for sale in the Consolidated Balance Sheets. In November 2014, the Company reached an agreement to divest the Batteries business via a split transaction in an exchange of a recapitalized Duracell Company for Berkshire Hathaway's (BH) shares of P&G stock (see Note 11). Based on the terms of the agreement and the value of BH's shares of P&G stock, the Company recorded a non-cash, before-tax impairment charge of $402 ( $350 after tax) during the six months ended December 31, 2015 to reduce the carrying amount of the Batteries business net assets held for sale. This charge was recorded in discontinued operations. The final transaction value will depend on the value of BH's shares of the Company as of the closing date, which is expected to occur early in calendar year 2016 . In addition to the discontinued operations impacts, Goodwill decreased from June 30, 2015 primarily due to currency translation. The test to evaluate goodwill for impairment is a two-step process. In the first step, we compare the fair value of the reporting unit to its carrying value. If the fair value of the reporting unit is less than its carrying value, we perform a second step to determine the implied fair value of the reporting unit's goodwill. The second step of the impairment analysis requires a valuation of a reporting unit's tangible and intangible assets and liabilities in a manner similar to the allocation of purchase price in a business combination. If the resulting implied fair value of the reporting unit's goodwill is less than its carrying value, that difference represents an impairment. The business unit valuations used to test goodwill and intangible assets for impairment are dependent on a number of significant estimates and assumptions including macroeconomic conditions, overall category growth rates, competitive activities, cost containment and margin expansion and Company business plans. We believe these estimates and assumptions are reasonable. However, future changes in the judgments, assumptions and estimates that are used in our impairment testing for goodwill and indefinite-lived intangible assets, including discount and tax rates or future cash flow projections, could result in significantly different estimates of the fair values. Most of our goodwill reporting units are comprised of a combination of legacy and acquired businesses and as a result have fair value cushions that, at a minimum, exceed two times their underlying carrying values. Certain of our goodwill reporting units are comprised entirely of acquired businesses and as a result have fair value cushions that are not as high. While all of these wholly- acquired reporting units have fair value cushions that currently exceed 20% of the underlying carrying values, they are more susceptible to impairment risk from adverse changes in business operating plans and macroeconomic environment conditions. In addition, subsequent to June 30, 2015, the currencies from a number of countries continued to devalue relative to the U.S. dollar. This reduces the underlying cash flows used to estimate fair values and has contributed to the lower fair value cushions in these businesses. Further significant devaluation of currencies relative to the U.S. dollar could result in a decline in fair value that could trigger future impairment charges. Identifiable intangible assets at December 31, 2015 are comprised of: Gross Carrying Amount Accumulated Amortization Intangible assets with determinable lives $ 7,451 $ (4,487 ) Intangible assets with indefinite lives 21,531 — Total identifiable intangible assets $ 28,982 $ (4,487 ) Due to the pending divestitures of the Beauty Brands and Batteries business, intangible assets specific to these businesses are reported as Assets held for sale (see Note 11). Intangible assets with determinable lives consist of brands, patents, technology and customer relationships. The intangible assets with indefinite lives consist of brands. The amortization expense of intangible assets for the three months ended December 31, 2015 and 2014 was $99 and $116 , respectively. For the six months ended December 31, 2015 and 2014 , the amortization expense of intangible assets was $203 and $235 , respectively.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	6 Months Ended
	Dec. 31, 2015
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation and Employee Benefit Plans [Text Block]	Share-Based Compensation and Postretirement Benefits Total share-based compensation expense for the three months ended December 31, 2015 and 2014 was $74 and $70 , respectively. Total share-based compensation expense for the six months ended December 31, 2015 and 2014 was $140 and $151 , respectively. The Company offers various postretirement benefits to its employees. The total net periodic benefit cost for pension benefits for the three months ended December 31, 2015 and 2014 was $85 and $111 , respectively. The total net periodic benefit cost for pension benefits for the six months ended December 31, 2015 and 2014 was $171 and $228 , respectively. The total net periodic benefit cost/(benefit) for other retiree benefits for the three months ended December 31, 2015 and 2014 was $(25) and $6 , respectively. The total net periodic benefit cost/(benefit) for other retiree benefits for the six months ended December 31, 2015 and 2014 was $(49) and $10 , respectively. The components of the total net periodic benefit cost for both pension benefits and other retiree benefits for those interim periods, on an annualized basis, do not differ materially from the amounts disclosed in the Form 8-K filed October 26, 2015 to update the Annual Report on Form 10-K for the fiscal year ended June 30, 2015 . The disclosures above for both share-based compensation and postretirement benefits include amounts related to discontinued operations which were not material in any period presented.

RISK MANAGEMENT ACTIVITIES AND

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS	6 Months Ended
	Dec. 31, 2015
Text Block [Abstract]
Risk Management And Fair Value [Text Block]	Risk Management Activities and Fair Value Measurements As a multinational company with diverse product offerings, we are exposed to market risks, such as changes in interest rates, currency exchange rates and commodity prices. The Company has not changed its valuation techniques used in measuring the fair value of any financial assets and liabilities during the period. The Company recognizes transfers between levels within the fair value hierarchy, if any, at the end of each quarter. There were no transfers between levels during the periods presented. Also, there was no significant activity within the Level 3 assets and liabilities during the periods presented. Except for the impairment charges related to our Batteries business (see Note 4), there were no assets or liabilities that were remeasured at fair value on a non-recurring basis for the six months ended December 31, 2015 . The following table sets forth the Company’s financial assets as of December 31, 2015 and June 30, 2015 that are measured at fair value on a recurring basis during the period: Fair Value Asset December 31, 2015 June 30, 2015 Investments U.S. government securities $ 3,582 $ 3,495 Corporate bond securities 1,292 1,272 Other investments 30 30 Total $ 4,904 $ 4,797 Investment securities are presented in Available-for-sale investment securities and Other noncurrent assets. The amortized cost of U.S. government securities with maturities less than one year was $601 as of December 31, 2015 and $700 as of June 30, 2015 . The amortized cost of U.S. government securities with maturities between one and five years was $2,991 as of December 31, 2015 and $2,789 as of June 30, 2015 . The amortized cost of Corporate bond securities with maturities of less than a year was $318 as of December 31, 2015 and $221 as of June 30, 2015 . The amortized cost of Corporate bond securities with maturities between one and five years was $978 as of December 31, 2015 and $1,052 as of June 30, 2015 . The Company's investments measured at fair value are generally classified as Level 2 within the fair value hierarchy. There are no material investment balances classified as either Level 1 or Level 3 within the fair value hierarchy. Fair values are generally estimated based upon quoted market prices for similar instruments. The fair value of long-term debt was $22,174 and $23,127 as of December 31, 2015 and June 30, 2015 , respectively. This includes the current portion ( $2,644 and $2,776 as of December 31, 2015 and June 30, 2015 , respectively) of debt instruments. Certain long-term debt is recorded at fair value. Certain long-term debt is not recorded at fair value on a recurring basis, but is measured at fair value for disclosure purposes. Long-term debt with fair value of $2,312 and $2,180 as of December 31, 2015 and June 30, 2015 , respectively, is classified as Level 2 within the fair value hierarchy. All remaining long-term debt is classified as Level 1 within the fair value hierarchy. Fair values are generally estimated based on quoted market prices for identical or similar instruments. The following table sets forth the notional amounts and fair values of qualifying and non-qualifying financial instruments used in hedging transactions as of December 31, 2015 and June 30, 2015 : Notional Amount Fair Value Asset/(Liability) December 31, 2015 June 30, 2015 December 31, 2015 June 30, 2015 Derivatives in Cash Flow Hedging Relationships Foreign currency contracts $ 825 $ 951 $ 168 $ 312 Derivatives in Fair Value Hedging Relationships Interest rate contracts $ 4,963 $ 7,208 $ 198 $ 159 Derivatives in Net Investment Hedging Relationships Net investment hedges $ 412 $ 537 $ (3 ) $ 95 Derivatives Not Designated as Hedging Instruments Foreign currency contracts $ 6,431 $ 6,610 $ (25 ) $ (55 ) All derivative assets are presented in Prepaid expenses and other current assets or Other noncurrent assets. All derivative liabilities are presented in Accrued and other liabilities or Other noncurrent liabilities. The total notional amount of contracts outstanding at the end of the period is indicative of the Company's derivative activity during the period. All of the Company's derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. Amount of Gain/(Loss) Recognized in AOCI on Derivatives (Effective Portion) December 31, 2015 June 30, 2015 Derivatives in Cash Flow Hedging Relationships Interest rate contracts $ (2 ) $ (1 ) Foreign currency contracts (3 ) 5 Total $ (5 ) $ 4 Derivatives in Net Investment Hedging Relationships Net investment hedges $ (2 ) $ 60 During the next 12 months, the amount of the December 31, 2015 Accumulated other comprehensive income (AOCI) balance that will be reclassified to earnings is expected to be immaterial. The amounts of gains and losses on qualifying and non-qualifying financial instruments used in hedging transactions for the three and six months ended December 31, 2015 and 2014 are as follows: Amount of Gain/(Loss) Reclassified from AOCI into Earnings Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships (1) Interest rate contracts $ 1 $ 1 $ 3 $ 3 Foreign currency contracts 8 66 (1 ) 128 Total $ 9 $ 67 $ 2 $ 131 Amount of Gain/(Loss) Recognized in Earnings Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Derivatives in Fair Value Hedging Relationships (2) Interest rate contracts $ (50 ) $ 60 $ 39 $ 83 Debt 50 (60 ) (39 ) (83 ) Total $ — $ — $ — $ — Derivatives in Net Investment Hedging Relationships (2) Net investment hedges $ — $ — $ — $ (1 ) Derivatives Not Designated as Hedging Instruments (3) Foreign currency contracts $ (158 ) $ (316 ) $ (220 ) $ (729 ) (1) The gain or loss on the effective portion of cash flow hedging relationships is reclassified from AOCI into net income in the same period during which the related item affects earnings. Such amounts are included in the Consolidated Statements of Earnings as follows: interest rate contracts in Interest expense and foreign currency contracts in Selling, general and administrative expense (SG&A) and Interest expense. (2) The gain or loss on the ineffective portion of interest rate contracts and net investment hedges, if any, is included in the Consolidated Statements of Earnings in Interest expense. (3) The gain or loss on foreign currency contracts not designated as hedging instruments is included in the Consolidated Statements of Earnings in SG&A. This gain or loss substantially offsets the foreign currency mark-to-market impact of the related exposure.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	6 Months Ended
	Dec. 31, 2015
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) by component and the reclassifications out of Accumulated other comprehensive income/(loss): Changes in Accumulated Other Comprehensive Income/(Loss) by Component Hedges Investment Securities Pension and Other Retiree Benefits Financial Statement Translation Total Balance at June 30, 2015 $ (2,642 ) $ 6 $ (4,321 ) $ (5,823 ) $ (12,780 ) OCI before reclassifications (1) 211 (20 ) 117 (1,978 ) (1,670 ) Amounts reclassified from AOCI (2) (3) (1 ) — 117 — 116 Net current period OCI 210 (20 ) 234 (1,978 ) (1,554 ) Balance at December 31, 2015 $ (2,432 ) $ (14 ) $ (4,087 ) $ (7,801 ) $ (14,334 ) (1) Net of tax expense/(benefit) of $132 , $1 and $23 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (2) Net of tax expense/(benefit) of $(1) , $0 and $44 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (3) See Note 6 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. Gains and losses on investment securities are reclassified from AOCI into Other non-operating income/(loss), net. Gains and losses on pension and other retiree benefits are reclassified from AOCI into Cost of products sold and SG&A and are included in the computation of net periodic pension costs.

EARNINGS PER SHARE

EARNINGS PER SHARE	6 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Earnings Per Share Net earnings attributable to Procter & Gamble less preferred dividends (net of related tax benefits) are divided by the weighted average number of common shares outstanding during the period to calculate basic net earnings per common share. Diluted net earnings per common share are calculated to give effect to stock options and other stock-based awards and assume conversion of preferred stock. Net earnings attributable to Procter & Gamble and common shares used to calculate basic and diluted net earnings per share were as follows: Three Months Ended December 31, 2015 Three Months Ended December 31, 2014 CONSOLIDATED AMOUNTS Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Total Net earnings/(loss) $ 2,905 $ 323 $ 3,228 $ 2,674 $ (276 ) $ 2,398 Net earnings attributable to noncontrolling interests (22 ) — (22 ) (24 ) (2 ) (26 ) Net earnings/(loss) attributable to P&G (Diluted) 2,883 323 3,206 2,650 (278 ) 2,372 Preferred dividends, net of tax benefit (64 ) — (64 ) (70 ) — (70 ) Net earnings/(loss) attributable to P&G available to Common Shareholders (Basic) $ 2,819 $ 323 $ 3,142 $ 2,580 $ (278 ) $ 2,302 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,718.9 2,718.9 2,718.9 2,705.7 2,705.7 2,705.7 Effect of dilutive securities Conversion of preferred shares (1) 104.7 104.7 104.7 109.1 109.1 109.1 Exercise of stock options and other unvested equity awards (2) 41.0 41.0 41.0 70.4 70.4 70.4 Diluted weighted average common shares outstanding 2,864.6 2,864.6 2,864.6 2,885.2 2,885.2 2,885.2 PER SHARE AMOUNTS (3) Basic net earnings/(loss) per common share $ 1.04 $ 0.12 $ 1.16 $ 0.95 $ (0.10 ) $ 0.85 Diluted net earnings/(loss) per common share $ 1.01 $ 0.11 $ 1.12 $ 0.92 $ (0.10 ) $ 0.82 Six Months Ended December 31, 2015 Six Months Ended December 31, 2014 CONSOLIDATED AMOUNTS Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Total Net earnings/(loss) $ 5,682 $ 181 $ 5,863 $ 5,390 $ (972 ) $ 4,418 Net earnings attributable to noncontrolling interests (56 ) — (56 ) (49 ) (7 ) (56 ) Net earnings/(loss) attributable to P&G (Diluted) 5,626 181 5,807 5,341 (979 ) 4,362 Preferred dividends, net of tax benefit (129 ) — (129 ) (130 ) — (130 ) Net earnings/(loss) attributable to P&G available to Common Shareholders (Basic) $ 5,497 $ 181 $ 5,678 $ 5,211 $ (979 ) $ 4,232 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,719.5 2,719.5 2,719.5 2,708.2 2,708.2 2,708.2 Effect of dilutive securities Conversion of preferred shares (1) 105.2 105.2 105.2 109.7 109.7 109.7 Exercise of stock options and other unvested equity awards (2) 41.1 41.1 41.1 68.9 68.9 68.9 Diluted weighted average common shares outstanding 2,865.8 2,865.8 2,865.8 2,886.8 2,886.8 2,886.8 PER SHARE AMOUNTS (3) Basic net earnings/(loss) per common share $ 2.02 $ 0.07 $ 2.09 $ 1.92 $ (0.36 ) $ 1.56 Diluted net earnings/(loss) per common share $ 1.97 $ 0.06 $ 2.03 $ 1.85 $ (0.34 ) $ 1.51 (1) Despite being included currently in diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035. (2) Outstanding stock options of approximately 48 million and less than 1 million for the three months ended December 31, 2015 and 2014 , respectively, and approximately 69 million and less than 1 million for the six months ended December 31, 2015 and 2014 , respectively, were not included in the diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares). (3) Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.

RESTRUCTURING PROGRAM

RESTRUCTURING PROGRAM	6 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Restructuring and Related Activities Disclosure [Text Block]	Restructuring Program The Company has historically incurred an ongoing annual level of restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization. Before-tax costs incurred under the ongoing program have generally ranged from $250 to $500 annually. In fiscal 2012, the Company initiated an incremental restructuring program as part of a productivity and cost savings plan to reduce costs in the areas of supply chain, research and development, marketing and overheads. The productivity and cost savings plan was designed to accelerate cost reductions by streamlining management decision making, manufacturing and other work processes in order to help fund the Company's growth strategy. The Company expects to incur in excess of $5 billion in before-tax restructuring costs over a six year period (from fiscal 2012 through fiscal 2017), including costs incurred as part of the ongoing and incremental restructuring program. The program includes a non-manufacturing overhead enrollment reduction target of 25% - 30% by the end of fiscal 2017. Through fiscal 2015, the Company reduced non-manufacturing enrollment by approximately 12,600 , or approximately 21% . Through December 31, 2015 , the Company reduced non-manufacturing enrollment by approximately 13,500 , or approximately 23% . The reductions are enabled by the elimination of duplicate work, simplification through the use of technology and optimization of various functional and business organizations and the Company's global footprint. In addition, the plan includes integration of newly acquired companies and the optimization of the supply chain and other manufacturing processes. Restructuring costs incurred consist primarily of costs to separate employees, asset-related costs to exit facilities and other costs. Through fiscal 2015, the Company incurred charges of approximately $3.9 billion . Approximately $2.0 billion of these charges were related to separations, $954 were asset-related costs and $944 were related to other restructuring-type costs. For the three and six month periods ended December 31, 2015 , the Company incurred total restructuring charges of approximately $219 and $362 , respectively. For the three and six month periods ended December 31, 2015 approximately $46 and $89 of these charges were recorded in SG&A, respectively. For the three and six month periods ended December 31, 2015 approximately $163 and $253 of these charges were recorded in Cost of products sold, respectively. The remainder of the charges was included in discontinued operations. The following table presents restructuring activity for the six months ended December 31, 2015 : Six Months Ended December 31, 2015 Accrual Balance June 30, 2015 Charges Previously Reported (Three Months Ended September 30, 2015) Charges for the Three Months Ended December 31, 2015 Cash Spent Charges Against Assets Accrual Balance December 31, 2015 Separations $ 362 $ 55 $ 70 $ (199 ) $ — $ 288 Asset-related costs — 50 69 — (119 ) — Other costs 27 38 80 (86 ) — 59 Total $ 389 $ 143 $ 219 $ (285 ) $ (119 ) $ 347 Separation Costs Employee separation charges for the three and six month periods ended December 31, 2015 relate to severance packages for approximately 860 and 1,470 employees, respectively. Separations related to non-manufacturing employees were approximately 240 and 490 employees for the three and six month periods ended December 31, 2015 . The packages are predominantly voluntary and the amounts are calculated based on salary levels and past service periods. Severance costs related to voluntary separations are generally charged to earnings when the employee accepts the offer. Since its inception, the restructuring program has incurred separation charges related to approximately 15,770 employees, of which approximately 9,110 are non-manufacturing overhead personnel. Asset-Related Costs Asset-related costs consist of both asset write-downs and accelerated depreciation. Asset write-downs relate to the establishment of a new fair value basis for assets held-for-sale or disposal. These assets were written down to the lower of their current carrying basis or amounts expected to be realized upon disposal, less minor disposal costs. Charges for accelerated depreciation relate to long-lived assets that will be taken out of service prior to the end of their normal service period. These assets relate primarily to manufacturing consolidations and technology standardizations. The asset-related charges will not have a significant impact on future depreciation charges. Other Costs Other restructuring-type charges are incurred as a direct result of the restructuring program. Such charges primarily include employee relocation related to separations and office consolidations, termination of contracts related to supply chain redesign and the cost to change internal systems and processes to support the underlying organizational changes. Consistent with our historical policies for ongoing restructuring-type activities, the restructuring program charges are funded by and included within Corporate for both management and segment reporting. Accordingly, all of the charges under the program are included within the Corporate reportable segment. However, for informative purposes, the following table summarizes the total restructuring costs related to our reportable segments: Three Months Ended December 31, 2015 Six Months Ended December 31, 2015 Beauty $ 9 $ 28 Grooming 8 16 Health Care 5 10 Fabric Care and Home Care 87 106 Baby, Feminine and Family Care 26 56 Corporate (1) 84 146 Total Company $ 219 $ 362 (1) Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities and costs related to discontinued operations from our Batteries and Beauty Brands businesses.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	6 Months Ended
	Dec. 31, 2015
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	Commitments and Contingencies Litigation The Company is subject to various legal proceedings and claims arising out of our business which cover a wide range of matters such as antitrust, trade and other governmental regulations, product liability, patent and trademark, advertising, contracts, environmental, labor and employment and tax. With respect to these and other litigation and claims, while considerable uncertainty exists, in the opinion of management and our counsel, the ultimate resolution of the various lawsuits and claims will not materially affect our financial position, results of operations or cash flows. We are also subject to contingencies pursuant to environmental laws and regulations that in the future may require us to take action to correct the effects on the environment of prior manufacturing and waste disposal practices. Based on currently available information, we do not believe the ultimate resolution of environmental remediation will materially affect our financial position, results of operations or cash flows. Income Tax Uncertainties The Company is present in approximately 140 taxable jurisdictions and, at any point in time, has 60 – 70 jurisdictional audits underway at various stages of completion. We evaluate our tax positions and establish liabilities for uncertain tax positions that may be challenged by local authorities and may not be fully sustained, despite our belief that the underlying tax positions are fully supportable. Uncertain tax positions are reviewed on an ongoing basis and are adjusted in light of changing facts and circumstances, including progress of tax audits, developments in case law and closing of statutes of limitations. Such adjustments are reflected in the tax provision as appropriate. We have tax years open ranging from 2002 and forward. We are generally not able to reliably estimate the ultimate settlement amounts until the close of the audit. Based on information currently available, we anticipate that over the next 12 month period, audit activity could be completed related to uncertain tax positions in multiple jurisdictions for which we have accrued liabilities of approximately $300 , including interest and penalties. Additional information on the Commitments and Contingencies of the Company can be found in the Form 8-K filed October 26, 2015 to update the Annual Report on Form 10-K for the year ended June 30, 2015 .

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	6 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	Discontinued Operations On July 9, 2015 , the Company announced the signing of a definitive agreement to divest four product categories which will be merged with Coty, Inc. (“Coty”). The divestiture was initially comprised of 43 of the Company's beauty brands (“Beauty Brands”), including the global salon professional hair care and color, retail hair color, cosmetics and fine fragrance businesses, along with select hair styling brands. Subsequent to signing, two of the fine fragrance brands, Dolce & Gabbana and Christina Aguilera, were excluded from the divestiture. While the ultimate form of the transaction has not yet been decided, the Company’s current preference is for a Reverse Morris Trust split-off transaction in which P&G shareholders could elect to participate in an exchange offer to exchange their P&G shares for Coty shares. The Company expects to close the transaction in the second half of calendar year 2016 , pending regulatory approvals. Coty’s offer for the Beauty Brands, which was accepted by the Company, was $12.5 billion . The final value of the transaction will be determined at closing. Based on Coty’s stock price and outstanding shares and equity grants as of December 31, 2015, the value of the transaction was approximately $13.0 billion . The value is comprised of approximately 413 million shares, or 52% of the diluted equity of the newly combined company, valued at approximately $10.6 billion and the assumption of debt of $2.4 billion by the entity holding the Beauty Brands immediately prior to close of the transaction. The assumed debt is expected to vary between $3.9 billion and $1.9 billion , depending on a $22.06 to $27.06 per share collar of Coty’s stock based on the trading price prior to the close of the transaction, but will be subject to other contractual valuation adjustments. The Beauty Brands were historically part of the Company's Beauty reportable segment. In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of the Beauty Brands are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented. Additionally, the Beauty Brands' balance sheet positions as of December 31, 2015 and June 30, 2015 are presented as assets and liabilities held for sale in the Consolidated Balance Sheets. In November 2014, the Company reached an agreement to divest its Batteries business to Berkshire Hathaway (BH) via a split transaction, in which the Company will exchange a recapitalized Duracell Company for BH's shares of P&G stock. As of the date the transaction was signed, BH's shares were valued at $4.7 billion . As of December 31, 2015, this value has declined to $4.2 billion . The Company expects to contribute approximately $1.8 billion in cash to the Duracell Company in the pre-transaction recapitalization, subject to final working capital adjustments. The Company recorded goodwill and indefinite-lived asset impairment charges during the six months ended December 31, 2015 which reflected the total estimated proceeds from the BH transaction (see Note 4). Because the number of shares of P&G stock the Company will receive in the Batteries transaction is fixed, the total value to be received in the transaction will be based on the Company's share price as of the closing date, which is expected to occur early in calendar year 2016 . The Batteries business has historically been part of the Company's Fabric Care and Home Care reportable segment. In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of the Batteries business are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented. Additionally, the Batteries balance sheet positions as of December 31, 2015 and June 30, 2015 are presented as assets and liabilities held for sale in the Consolidated Balance Sheets. On July 31, 2014, the Company completed the divestiture of its Pet Care operations in North America, Latin America and other selected countries to Mars, Incorporated (Mars) for $2.9 billion in an all-cash transaction. Under the terms of the agreement, Mars acquired our branded pet care products and our manufacturing sites in the United States and assumed the majority of the employees working in the Pet Care business. The European Union countries were not included in the agreement with Mars. In December 2014, the Company completed the divestiture of its Pet Care operations in Western Europe to Spectrum Brands in an all-cash transaction. Under the terms of the agreement, Spectrum Brands acquired our branded pet care products and our manufacturing site in the Netherlands and assumed the majority of the employees working in the Western Europe Pet Care business. The one-time after-tax impact of these transactions was not material. The Pet Care business was historically part of the Company’s Health Care reportable segment. In accordance with applicable accounting guidance for the disposal of long-lived assets, the results of the Pet Care business are presented as discontinued operations and, as such, have been excluded from both continuing operations and segment results for all periods presented. On July 1, 2015, the Company adopted ASU 2014-08, which included new reporting and disclosure requirements for discontinued operations. The new requirements are effective for discontinued operations occurring on or after the adoption date, which includes the Beauty Brands divestiture. All other discontinued operations prior to July 1, 2015 are reported based on the previous disclosure requirements for discontinued operations, including the Batteries and Pet Care divestitures. The following table summarizes total Net earnings/(loss) from discontinued operations and reconciles to the Consolidated Statements of Earnings: Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Beauty Brands $ 238 $ 301 $ 388 $ 425 Batteries 85 (586 ) (207 ) (1,423 ) Pet Care — 9 — 26 Net earnings/(loss) from discontinued operations $ 323 $ (276 ) $ 181 $ (972 ) The Beauty Brands incurred transition costs of $18 for the six months ended December 31, 2015 . On January 26, 2016, Beauty Brands drew on its Term B loan of $1.0 billion . The proceeds will be held in restricted cash in escrow until the anticipated legal integration activities prior to close. Beauty Brands has additional debt funding commitments of $3.5 billion . The following table summarizes total assets and liabilities held for sale and reconciles to the Consolidated Balance Sheets: December 31, 2015 June 30, 2015 Beauty Brands Batteries Total Beauty Brands Batteries Total Current assets held for sale $ 6,026 $ 3,197 $ 9,223 $ 922 $ 3,510 $ 4,432 Noncurrent assets held for sale — — — 5,204 — 5,204 Total assets held for sale $ 6,026 $ 3,197 $ 9,223 $ 6,126 $ 3,510 $ 9,636 Current liabilities held for sale $ 1,247 $ 1,213 $ 2,460 $ 356 $ 1,187 $ 1,543 Noncurrent liabilities held for sale — — — 717 — 717 Total liabilities held for sale $ 1,247 $ 1,213 $ 2,460 $ 1,073 $ 1,187 $ 2,260 The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Beauty Brands: Beauty Brands Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Net sales $ 1,404 $ 1,666 $ 2,623 $ 3,081 Cost of products sold 443 525 828 1,000 Selling, general and administrative expense 664 773 1,311 1,568 Other non-operating income/(loss), net (3 ) — (2 ) 8 Earnings from discontinued operations before income taxes $ 294 $ 368 $ 482 $ 521 Income taxes on discontinued operations 56 67 94 96 Net earnings from discontinued operations $ 238 $ 301 $ 388 $ 425 The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands: Beauty Brands Six Months Ended December 31 2015 2014 SIGNIFICANT NON-CASH OPERATING ITEMS Depreciation and amortization $ 52 $ 64 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures $ (35 ) $ (48 ) The major components of assets and liabilities of the Beauty Brands held for sale are provided below. The assets and liabilities held for sale will evolve up to the closing date for normal operational changes as well as contractual adjustments including the assumption of debt, pension plan funding and other provisions. Beauty Brands December 31, 2015 (1) June 30, 2015 Cash $ 12 $ 9 Accounts receivable 352 293 Inventories 495 476 Prepaid expenses and other assets 51 144 Property, plant and equipment, net 586 613 (2) Goodwill and intangible assets, net 4,443 4,513 (2) Other noncurrent assets 87 78 (2) Total current assets held for sale $ 6,026 $ 922 Total noncurrent assets held for sale — 5,204 Total assets held for sale $ 6,026 $ 6,126 Accounts payable $ 160 $ 118 Accrued and other liabilities 340 238 Noncurrent deferred tax liabilities 365 352 (2) Other noncurrent liabilities 382 365 (2) Total current liabilities held for sale $ 1,247 $ 356 Total noncurrent liabilities held for sale — 717 Total liabilities held for sale $ 1,247 $ 1,073 (1) The Company expects the Beauty Brands transaction to close in the second half of calendar year 2016 . Therefore, for the period ended December 31, 2015 , all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets. (2) Amounts as of June 30, 2015 are reflected as part of the noncurrent assets and liabilities held for sale. The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Batteries and Pet Care businesses: Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Batteries Batteries Pet Care Total Batteries Batteries Pet Care Total Net sales $ 691 $ 782 $ 72 $ 854 $ 1,197 $ 1,388 $ 235 $ 1,623 Earnings before impairment charges and income taxes 138 257 (5 ) 252 231 393 14 407 Impairment charges — (740 ) — (740 ) (402 ) (1,713 ) — (1,713 ) Income tax (expense)/benefit (53 ) (103 ) — (103 ) (36 ) (103 ) (6 ) (109 ) Gain on sale before income taxes — — 13 13 — — 205 205 Income tax (expense)/benefit on sale — — 1 1 — — (187 ) (187 ) Net earnings/(loss) from discontinued operations $ 85 $ (586 ) $ 9 $ (577 ) $ (207 ) $ (1,423 ) $ 26 $ (1,397 ) The major components of current assets and current liabilities of the Batteries business held for sale were as follows: Batteries December 31, 2015 June 30, 2015 Cash $ 28 $ 25 Accounts Receivable 297 245 Inventories 306 304 Prepaid expenses and other current assets 22 28 Property, plant and equipment, net 508 496 Goodwill and intangible assets, net 2,025 2,389 Other noncurrent assets 11 23 Total current assets held for sale $ 3,197 $ 3,510 Accounts payable $ 183 $ 195 Accrued and other liabilities 278 194 Long-term debt 23 18 Noncurrent deferred tax liabilities 729 780 Total current liabilities held for sale $ 1,213 $ 1,187

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	6 Months Ended
	Dec. 31, 2015
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Following is a summary of segment results: Three Months Ended December 31 Six Months Ended December 31 Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Beauty 2015 $ 2,963 $ 774 $ 585 $ 6,004 $ 1,596 $ 1,209 2014 3,297 792 607 6,740 1,642 1,246 Grooming 2015 1,806 579 441 3,480 1,078 831 2014 2,007 713 544 3,948 1,334 1,010 Health Care 2015 1,978 564 394 3,774 1,012 712 2014 2,088 514 369 4,099 973 691 Fabric Care and Home Care 2015 5,347 1,177 773 10,598 2,297 1,520 2014 5,773 1,081 705 11,705 2,162 1,424 Baby, Feminine and Family Care 2015 4,710 1,037 683 9,368 2,148 1,432 2014 5,217 1,117 760 10,539 2,319 1,585 Corporate 2015 111 (328 ) 29 218 (674 ) (22 ) 2014 113 (745 ) (311 ) 235 (1,451 ) (566 ) Total Company 2015 $ 16,915 $ 3,803 $ 2,905 $ 33,442 $ 7,457 $ 5,682 2014 18,495 3,472 2,674 37,266 6,979 5,390

GOODWILL AND OTHER INTANGIBLE18

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	6 Months Ended
	Dec. 31, 2015
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	Goodwill is allocated by reportable segment as follows: Beauty Grooming Health Care Fabric Care and Home Care Baby, Feminine and Family Care Total Company Goodwill at June 30, 2015 $ 12,704 $ 19,619 $ 5,876 $ 1,874 $ 4,549 $ 44,622 Acquisitions and divestitures (2 ) — (2 ) — — (4 ) Translation and other (146 ) (196 ) (54 ) (22 ) (43 ) (461 ) Goodwill at December 31, 2015 $ 12,556 $ 19,423 $ 5,820 $ 1,852 $ 4,506 $ 44,157
Schedule of Intangible Assets and Goodwill [Table Text Block]	Identifiable intangible assets at December 31, 2015 are comprised of: Gross Carrying Amount Accumulated Amortization Intangible assets with determinable lives $ 7,451 $ (4,487 ) Intangible assets with indefinite lives 21,531 — Total identifiable intangible assets $ 28,982 $ (4,487 )

RISK MANAGEMENT ACTIVITIES AN19

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS (Tables)	6 Months Ended
	Dec. 31, 2015
Table Text Block Supplement [Abstract]
Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]	The following table sets forth the Company’s financial assets as of December 31, 2015 and June 30, 2015 that are measured at fair value on a recurring basis during the period: Fair Value Asset December 31, 2015 June 30, 2015 Investments U.S. government securities $ 3,582 $ 3,495 Corporate bond securities 1,292 1,272 Other investments 30 30 Total $ 4,904 $ 4,797
Schedule of Derivative Instruments [Table Text Block]	The following table sets forth the notional amounts and fair values of qualifying and non-qualifying financial instruments used in hedging transactions as of December 31, 2015 and June 30, 2015 : Notional Amount Fair Value Asset/(Liability) December 31, 2015 June 30, 2015 December 31, 2015 June 30, 2015 Derivatives in Cash Flow Hedging Relationships Foreign currency contracts $ 825 $ 951 $ 168 $ 312 Derivatives in Fair Value Hedging Relationships Interest rate contracts $ 4,963 $ 7,208 $ 198 $ 159 Derivatives in Net Investment Hedging Relationships Net investment hedges $ 412 $ 537 $ (3 ) $ 95 Derivatives Not Designated as Hedging Instruments Foreign currency contracts $ 6,431 $ 6,610 $ (25 ) $ (55 )
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Amount of Gain/(Loss) Recognized in AOCI on Derivatives (Effective Portion) December 31, 2015 June 30, 2015 Derivatives in Cash Flow Hedging Relationships Interest rate contracts $ (2 ) $ (1 ) Foreign currency contracts (3 ) 5 Total $ (5 ) $ 4 Derivatives in Net Investment Hedging Relationships Net investment hedges $ (2 ) $ 60
Derivative Instruments, Gain (Loss) [Table Text Block]	The amounts of gains and losses on qualifying and non-qualifying financial instruments used in hedging transactions for the three and six months ended December 31, 2015 and 2014 are as follows: Amount of Gain/(Loss) Reclassified from AOCI into Earnings Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Derivatives in Cash Flow Hedging Relationships (1) Interest rate contracts $ 1 $ 1 $ 3 $ 3 Foreign currency contracts 8 66 (1 ) 128 Total $ 9 $ 67 $ 2 $ 131 Amount of Gain/(Loss) Recognized in Earnings Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Derivatives in Fair Value Hedging Relationships (2) Interest rate contracts $ (50 ) $ 60 $ 39 $ 83 Debt 50 (60 ) (39 ) (83 ) Total $ — $ — $ — $ — Derivatives in Net Investment Hedging Relationships (2) Net investment hedges $ — $ — $ — $ (1 ) Derivatives Not Designated as Hedging Instruments (3) Foreign currency contracts $ (158 ) $ (316 ) $ (220 ) $ (729 ) (1) The gain or loss on the effective portion of cash flow hedging relationships is reclassified from AOCI into net income in the same period during which the related item affects earnings. Such amounts are included in the Consolidated Statements of Earnings as follows: interest rate contracts in Interest expense and foreign currency contracts in Selling, general and administrative expense (SG&A) and Interest expense. (2) The gain or loss on the ineffective portion of interest rate contracts and net investment hedges, if any, is included in the Consolidated Statements of Earnings in Interest expense. (3) The gain or loss on foreign currency contracts not designated as hedging instruments is included in the Consolidated Statements of Earnings in SG&A. This gain or loss substantially offsets the foreign currency mark-to-market impact of the related exposure.

ACCUMULATED OTHER COMPREHENSI20

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	6 Months Ended
	Dec. 31, 2015
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) by component and the reclassifications out of Accumulated other comprehensive income/(loss): Changes in Accumulated Other Comprehensive Income/(Loss) by Component Hedges Investment Securities Pension and Other Retiree Benefits Financial Statement Translation Total Balance at June 30, 2015 $ (2,642 ) $ 6 $ (4,321 ) $ (5,823 ) $ (12,780 ) OCI before reclassifications (1) 211 (20 ) 117 (1,978 ) (1,670 ) Amounts reclassified from AOCI (2) (3) (1 ) — 117 — 116 Net current period OCI 210 (20 ) 234 (1,978 ) (1,554 ) Balance at December 31, 2015 $ (2,432 ) $ (14 ) $ (4,087 ) $ (7,801 ) $ (14,334 ) (1) Net of tax expense/(benefit) of $132 , $1 and $23 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (2) Net of tax expense/(benefit) of $(1) , $0 and $44 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (3) See Note 6 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. Gains and losses on investment securities are reclassified from AOCI into Other non-operating income/(loss), net. Gains and losses on pension and other retiree benefits are reclassified from AOCI into Cost of products sold and SG&A and are included in the computation of net periodic pension costs.

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	6 Months Ended
	Dec. 31, 2015
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net earnings attributable to Procter & Gamble and common shares used to calculate basic and diluted net earnings per share were as follows: Three Months Ended December 31, 2015 Three Months Ended December 31, 2014 CONSOLIDATED AMOUNTS Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Total Net earnings/(loss) $ 2,905 $ 323 $ 3,228 $ 2,674 $ (276 ) $ 2,398 Net earnings attributable to noncontrolling interests (22 ) — (22 ) (24 ) (2 ) (26 ) Net earnings/(loss) attributable to P&G (Diluted) 2,883 323 3,206 2,650 (278 ) 2,372 Preferred dividends, net of tax benefit (64 ) — (64 ) (70 ) — (70 ) Net earnings/(loss) attributable to P&G available to Common Shareholders (Basic) $ 2,819 $ 323 $ 3,142 $ 2,580 $ (278 ) $ 2,302 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,718.9 2,718.9 2,718.9 2,705.7 2,705.7 2,705.7 Effect of dilutive securities Conversion of preferred shares (1) 104.7 104.7 104.7 109.1 109.1 109.1 Exercise of stock options and other unvested equity awards (2) 41.0 41.0 41.0 70.4 70.4 70.4 Diluted weighted average common shares outstanding 2,864.6 2,864.6 2,864.6 2,885.2 2,885.2 2,885.2 PER SHARE AMOUNTS (3) Basic net earnings/(loss) per common share $ 1.04 $ 0.12 $ 1.16 $ 0.95 $ (0.10 ) $ 0.85 Diluted net earnings/(loss) per common share $ 1.01 $ 0.11 $ 1.12 $ 0.92 $ (0.10 ) $ 0.82 Six Months Ended December 31, 2015 Six Months Ended December 31, 2014 CONSOLIDATED AMOUNTS Continuing Operations Discontinued Operations Total Continuing Operations Discontinued Operations Total Net earnings/(loss) $ 5,682 $ 181 $ 5,863 $ 5,390 $ (972 ) $ 4,418 Net earnings attributable to noncontrolling interests (56 ) — (56 ) (49 ) (7 ) (56 ) Net earnings/(loss) attributable to P&G (Diluted) 5,626 181 5,807 5,341 (979 ) 4,362 Preferred dividends, net of tax benefit (129 ) — (129 ) (130 ) — (130 ) Net earnings/(loss) attributable to P&G available to Common Shareholders (Basic) $ 5,497 $ 181 $ 5,678 $ 5,211 $ (979 ) $ 4,232 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,719.5 2,719.5 2,719.5 2,708.2 2,708.2 2,708.2 Effect of dilutive securities Conversion of preferred shares (1) 105.2 105.2 105.2 109.7 109.7 109.7 Exercise of stock options and other unvested equity awards (2) 41.1 41.1 41.1 68.9 68.9 68.9 Diluted weighted average common shares outstanding 2,865.8 2,865.8 2,865.8 2,886.8 2,886.8 2,886.8 PER SHARE AMOUNTS (3) Basic net earnings/(loss) per common share $ 2.02 $ 0.07 $ 2.09 $ 1.92 $ (0.36 ) $ 1.56 Diluted net earnings/(loss) per common share $ 1.97 $ 0.06 $ 2.03 $ 1.85 $ (0.34 ) $ 1.51 (1) Despite being included currently in diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035. (2) Outstanding stock options of approximately 48 million and less than 1 million for the three months ended December 31, 2015 and 2014 , respectively, and approximately 69 million and less than 1 million for the six months ended December 31, 2015 and 2014 , respectively, were not included in the diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares). (3) Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.

RESTRUCTURING PROGRAM (Tables)

RESTRUCTURING PROGRAM (Tables)	6 Months Ended
	Dec. 31, 2015
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table presents restructuring activity for the six months ended December 31, 2015 : Six Months Ended December 31, 2015 Accrual Balance June 30, 2015 Charges Previously Reported (Three Months Ended September 30, 2015) Charges for the Three Months Ended December 31, 2015 Cash Spent Charges Against Assets Accrual Balance December 31, 2015 Separations $ 362 $ 55 $ 70 $ (199 ) $ — $ 288 Asset-related costs — 50 69 — (119 ) — Other costs 27 38 80 (86 ) — 59 Total $ 389 $ 143 $ 219 $ (285 ) $ (119 ) $ 347
Restructuring and Related Costs [Table Text Block]	However, for informative purposes, the following table summarizes the total restructuring costs related to our reportable segments: Three Months Ended December 31, 2015 Six Months Ended December 31, 2015 Beauty $ 9 $ 28 Grooming 8 16 Health Care 5 10 Fabric Care and Home Care 87 106 Baby, Feminine and Family Care 26 56 Corporate (1) 84 146 Total Company $ 219 $ 362 (1) Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities and costs related to discontinued operations from our Batteries and Beauty Brands businesses.

DISCONTINUED OPERATIONS DISCONT

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Tables)	6 Months Ended
	Dec. 31, 2015
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations [Table Text Block]	The following table summarizes total assets and liabilities held for sale and reconciles to the Consolidated Balance Sheets: December 31, 2015 June 30, 2015 Beauty Brands Batteries Total Beauty Brands Batteries Total Current assets held for sale $ 6,026 $ 3,197 $ 9,223 $ 922 $ 3,510 $ 4,432 Noncurrent assets held for sale — — — 5,204 — 5,204 Total assets held for sale $ 6,026 $ 3,197 $ 9,223 $ 6,126 $ 3,510 $ 9,636 Current liabilities held for sale $ 1,247 $ 1,213 $ 2,460 $ 356 $ 1,187 $ 1,543 Noncurrent liabilities held for sale — — — 717 — 717 Total liabilities held for sale $ 1,247 $ 1,213 $ 2,460 $ 1,073 $ 1,187 $ 2,260 The following table summarizes total Net earnings/(loss) from discontinued operations and reconciles to the Consolidated Statements of Earnings: Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Beauty Brands $ 238 $ 301 $ 388 $ 425 Batteries 85 (586 ) (207 ) (1,423 ) Pet Care — 9 — 26 Net earnings/(loss) from discontinued operations $ 323 $ (276 ) $ 181 $ (972 )
Discontinued Operations and Disposal Groups - Beauty Brands [Table Text Block]	The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Beauty Brands: Beauty Brands Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Net sales $ 1,404 $ 1,666 $ 2,623 $ 3,081 Cost of products sold 443 525 828 1,000 Selling, general and administrative expense 664 773 1,311 1,568 Other non-operating income/(loss), net (3 ) — (2 ) 8 Earnings from discontinued operations before income taxes $ 294 $ 368 $ 482 $ 521 Income taxes on discontinued operations 56 67 94 96 Net earnings from discontinued operations $ 238 $ 301 $ 388 $ 425 The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands: Beauty Brands Six Months Ended December 31 2015 2014 SIGNIFICANT NON-CASH OPERATING ITEMS Depreciation and amortization $ 52 $ 64 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures $ (35 ) $ (48 ) The major components of assets and liabilities of the Beauty Brands held for sale are provided below. The assets and liabilities held for sale will evolve up to the closing date for normal operational changes as well as contractual adjustments including the assumption of debt, pension plan funding and other provisions. Beauty Brands December 31, 2015 (1) June 30, 2015 Cash $ 12 $ 9 Accounts receivable 352 293 Inventories 495 476 Prepaid expenses and other assets 51 144 Property, plant and equipment, net 586 613 (2) Goodwill and intangible assets, net 4,443 4,513 (2) Other noncurrent assets 87 78 (2) Total current assets held for sale $ 6,026 $ 922 Total noncurrent assets held for sale — 5,204 Total assets held for sale $ 6,026 $ 6,126 Accounts payable $ 160 $ 118 Accrued and other liabilities 340 238 Noncurrent deferred tax liabilities 365 352 (2) Other noncurrent liabilities 382 365 (2) Total current liabilities held for sale $ 1,247 $ 356 Total noncurrent liabilities held for sale — 717 Total liabilities held for sale $ 1,247 $ 1,073 (1) The Company expects the Beauty Brands transaction to close in the second half of calendar year 2016 . Therefore, for the period ended December 31, 2015 , all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets. (2) Amounts as of June 30, 2015 are reflected as part of the noncurrent assets and liabilities held for sale.
Disposal Groups, Including Discontinued Operations - Batteries and Pet Care [Table Text Block]	The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Batteries and Pet Care businesses: Three Months Ended December 31 Six Months Ended December 31 2015 2014 2015 2014 Batteries Batteries Pet Care Total Batteries Batteries Pet Care Total Net sales $ 691 $ 782 $ 72 $ 854 $ 1,197 $ 1,388 $ 235 $ 1,623 Earnings before impairment charges and income taxes 138 257 (5 ) 252 231 393 14 407 Impairment charges — (740 ) — (740 ) (402 ) (1,713 ) — (1,713 ) Income tax (expense)/benefit (53 ) (103 ) — (103 ) (36 ) (103 ) (6 ) (109 ) Gain on sale before income taxes — — 13 13 — — 205 205 Income tax (expense)/benefit on sale — — 1 1 — — (187 ) (187 ) Net earnings/(loss) from discontinued operations $ 85 $ (586 ) $ 9 $ (577 ) $ (207 ) $ (1,423 ) $ 26 $ (1,397 ) The major components of current assets and current liabilities of the Batteries business held for sale were as follows: Batteries December 31, 2015 June 30, 2015 Cash $ 28 $ 25 Accounts Receivable 297 245 Inventories 306 304 Prepaid expenses and other current assets 22 28 Property, plant and equipment, net 508 496 Goodwill and intangible assets, net 2,025 2,389 Other noncurrent assets 11 23 Total current assets held for sale $ 3,197 $ 3,510 Accounts payable $ 183 $ 195 Accrued and other liabilities 278 194 Long-term debt 23 18 Noncurrent deferred tax liabilities 729 780 Total current liabilities held for sale $ 1,213 $ 1,187

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Segment Reporting Information [Line Items]
Revenue, Net	$ 16,915	$ 18,495	$ 33,442	$ 37,266
Income Loss From Continuing Operations Before Income Taxes	3,803	3,472	7,457	6,979
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	2,905	2,674	5,682	5,390
Beauty
Segment Reporting Information [Line Items]
Revenue, Net	2,963	3,297	6,004	6,740
Income Loss From Continuing Operations Before Income Taxes	774	792	1,596	1,642
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	585	607	1,209	1,246
Grooming
Segment Reporting Information [Line Items]
Revenue, Net	1,806	2,007	3,480	3,948
Income Loss From Continuing Operations Before Income Taxes	579	713	1,078	1,334
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	441	544	831	1,010
Health Care
Segment Reporting Information [Line Items]
Revenue, Net	1,978	2,088	3,774	4,099
Income Loss From Continuing Operations Before Income Taxes	564	514	1,012	973
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	394	369	712	691
Fabric Care and Home Care
Segment Reporting Information [Line Items]
Revenue, Net	5,347	5,773	10,598	11,705
Income Loss From Continuing Operations Before Income Taxes	1,177	1,081	2,297	2,162
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	773	705	1,520	1,424
Baby, Feminine and Family Care
Segment Reporting Information [Line Items]
Revenue, Net	4,710	5,217	9,368	10,539
Income Loss From Continuing Operations Before Income Taxes	1,037	1,117	2,148	2,319
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	683	760	1,432	1,585
Corporate
Segment Reporting Information [Line Items]
Revenue, Net	111	113	218	235
Income Loss From Continuing Operations Before Income Taxes	(328)	(745)	(674)	(1,451)
Income (Loss) from Continuing Operations, Including Portion Attributable to Noncontrolling Interest	$ 29	$ (311)	$ (22)	$ (566)

GOODWILL AND OTHER INTANGIBLE25

GOODWILL AND OTHER INTANGIBLE ASSETS - ADDITIONAL INFORMATION (Details) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Dec. 31, 2015USD ($)	Dec. 31, 2014USD ($)	Jul. 09, 2015
Other Significant Noncash Transactions [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	20.00%		20.00%
Amortization of Intangible Assets	$ 99	$ 116	$ 203	$ 235
Batteries [Member]
Other Significant Noncash Transactions [Line Items]
Goodwill, Impairment Loss			402
Goodwill, Impairment Loss, Net of Tax			$ 350
Beauty Brands - Held for Sale [Member]
Other Significant Noncash Transactions [Line Items]
Disposal Groups - Number of Product Categories					4
Disposal Groups - Number of Brands					43

GOODWILL AND OTHER INTANGIBLE26

GOODWILL AND OTHER INTANGIBLE ASSETS - CHANGE IN THE NET CARRYING AMOUNT OF GOODWILL BY GLOBAL BUSINESS UNIT (Details) $ in Millions	6 Months Ended
	Dec. 31, 2015USD ($)
Goodwill [Roll Forward]
Goodwill	$ 44,622
Goodwill, Written off Related to Sale of Business Unit	(4)
Goodwill, Translation and Purchase Accounting Adjustments	(461)
Goodwill	44,157
Beauty
Goodwill [Roll Forward]
Goodwill	12,704
Goodwill, Written off Related to Sale of Business Unit	(2)
Goodwill, Translation and Purchase Accounting Adjustments	(146)
Goodwill	12,556
Grooming
Goodwill [Roll Forward]
Goodwill	19,619
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Translation and Purchase Accounting Adjustments	(196)
Goodwill	19,423
Health Care
Goodwill [Roll Forward]
Goodwill	5,876
Goodwill, Written off Related to Sale of Business Unit	(2)
Goodwill, Translation and Purchase Accounting Adjustments	(54)
Goodwill	5,820
Fabric Care and Home Care
Goodwill [Roll Forward]
Goodwill	1,874
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Translation and Purchase Accounting Adjustments	(22)
Goodwill	1,852
Baby, Feminine and Family Care Segment Member
Goodwill [Roll Forward]
Goodwill	4,549
Goodwill, Written off Related to Sale of Business Unit	0
Goodwill, Translation and Purchase Accounting Adjustments	(43)
Goodwill	$ 4,506

GOODWILL AND OTHER INTANGIBLE27

GOODWILL AND OTHER INTANGIBLE ASSETS - IDENTIFIABLE INTANGIBLE ASSETS (Details) $ in Millions	Dec. 31, 2015USD ($)
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	$ 28,982
Finite-Lived Intangible Assets, Accumulated Amortization	(4,487)
Indefinite-lived Intangible Assets [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	21,531
Finite-Lived Intangible Assets, Accumulated Amortization	0
Finite-Lived Intangible Assets [Member]
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Intangible Assets, Gross (Excluding Goodwill)	7,451
Finite-Lived Intangible Assets, Accumulated Amortization	$ (4,487)

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Allocated Share-based Compensation Expense	$ 74	$ 70	$ 140	$ 151

POSTRETIREMENT BENEFITS (Detail

POSTRETIREMENT BENEFITS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Pension Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost	$ 85	$ 111	$ 171	$ 228
Other Postretirement Benefit Plan [Member]
Defined Benefit Plans and Other Postretirement Benefit Plans Table Text Block [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost	$ (25)	$ 6	$ (49)	$ 10

RISK MANAGEMENT ACTIVITIES AN30

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	Dec. 31, 2015	Jun. 30, 2015
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long Term Debt, Current Maturities measured at Fair Value	$ 2,644	$ 2,776
Estimate of Fair Value Measurement [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	22,174	23,127
Fair Value, Inputs, Level 2 [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	2,312	2,180
US Treasury and Government [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	601	700
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	2,991	2,789
Corporate Bond Securities [Member]
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Available-for-sale Securities, Debt Maturities, Next Twelve Months, Amortized Cost Basis	318	221
Available-for-sale Securities, Debt Maturities, Year Two Through Five, Amortized Cost Basis	$ 978	$ 1,052

RISK MANAGEMENT ACTIVITIES AN31

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($) $ in Millions	Dec. 31, 2015	Jun. 30, 2015
US Treasury and Government [Member]
Investments, Fair Value Disclosure	$ 3,582	$ 3,495
Corporate Bond Securities [Member]
Investments, Fair Value Disclosure	1,292	1,272
Other Investments [Member]
Investments, Fair Value Disclosure	30	30
Fair Value Measurement [Domain]
Investments, Fair Value Disclosure	$ 4,904	$ 4,797

RISK MANAGEMENT ACTIVITIES AN32

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - DERIVATIVE NOTIONAL AMOUNTS AND FAIR VALUE (Details) - USD ($) $ in Millions	Dec. 31, 2015	Jun. 30, 2015
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	$ 825	$ 951
Derivative Assets (Liabilities), at Fair Value, Net	168	312
Fair Value Hedging [Member] | Interest Rate Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	4,963	7,208
Derivative Assets (Liabilities), at Fair Value, Net	198	159
Net Investment Hedging [Member]
Derivative [Line Items]
Derivative, Notional Amount	412	537
Derivative Assets (Liabilities), at Fair Value, Net	(3)	95
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative [Line Items]
Derivative, Notional Amount	6,431	6,610
Derivative Assets (Liabilities), at Fair Value, Net	$ (25)	$ (55)

RISK MANAGEMENT ACTIVITIES AN33

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - GAIN (LOSS) ON DERIVATIVE INSTRUMENTS (EFFECTIVE PORTION) (Details) - USD ($) $ in Millions	6 Months Ended	12 Months Ended
	Dec. 31, 2015	Jun. 30, 2015
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (5)	$ 4
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(2)	60
Interest Rate Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	(2)	(1)
Foreign Exchange Contract [Member] | Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Recognized in Other Comprehensive Income (Loss), Effective Portion, Net	$ (3)	$ 5

RISK MANAGEMENT ACTIVITIES AN34

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - GAIN (LOSS) ON DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Cash Flow Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[1]	$ 9	$ 67	$ 2	$ 131
Cash Flow Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[1]	1	1	3	3
Cash Flow Hedging [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative Instruments, Gain (Loss) Reclassified from Accumulated OCI into Income, Effective Portion, Net	[1]	8	66	(1)	128
Fair Value Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	[2]	0	0	0	0
Fair Value Hedging [Member] | Interest Rate Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	[2]	(50)	60	39	83
Fair Value Hedging [Member] | Debt [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	[2]	50	(60)	(39)	(83)
Net Investment Hedging [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	[2]	0	0	0	(1)
Not Designated as Hedging Instrument [Member] | Foreign Exchange Contract [Member]
Derivative Instruments, Gain (Loss) [Line Items]
Derivative, Gain (Loss) on Derivative, Net	[3]	$ (158)	$ (316)	$ (220)	$ (729)
[1]	The gain or loss on the effective portion of cash flow hedging relationships is reclassified from AOCI into net income in the same period during which the related item affects earnings. Such amounts are included in the Consolidated Statements of Earnings as follows: interest rate contracts in Interest expense and foreign currency contracts in Selling, general and administrative expense (SG&A) and Interest expense.
[2]	The gain or loss on the ineffective portion of interest rate contracts and net investment hedges, if any, is included in the Consolidated Statements of Earnings in Interest expense.
[3]	The gain or loss on foreign currency contracts not designated as hedging instruments is included in the Consolidated Statements of Earnings in SG&A. This gain or loss substantially offsets the foreign currency mark-to-market impact of the related exposure.

ACCUMULATED OTHER COMPREHENSI35

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - CHANGES IN AOCI AND RECLASSIFICATION OUT OF AOCI (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014	Jun. 30, 2015
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (14,334)		$ (14,334)		$ (12,780)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax				(1,670)
Other Comprehensive Income (Loss), Net of Tax		(588)	$ (1,506)	(1,554)	$ (3,655)
Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(2,432)		(2,432)		(2,642)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	[1]			211
Other Comprehensive Income (Loss), Net of Tax				210
Other Comprehensive Income (Loss) before Reclassifications, Tax	[1]			132
Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(14)		(14)		6
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	[1]			(20)
Other Comprehensive Income (Loss), Net of Tax				(20)
Other Comprehensive Income (Loss) before Reclassifications, Tax	[1]			1
Pension Plan [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(4,087)		(4,087)		(4,321)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	[1]			117
Other Comprehensive Income (Loss), Net of Tax				234
Other Comprehensive Income (Loss) before Reclassifications, Tax	[1]			23
Foreign Currency Gain (Loss) [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (7,801)		(7,801)		$ (5,823)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax				(1,978)
Other Comprehensive Income (Loss), Net of Tax				(1,978)
Reclassification out of Accumulated Other Comprehensive Income [Member]
Other Comprehensive Income (Loss), Net of Tax				116
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Gain (Loss) from Cash Flow Hedges Attributable to Parent [Member]
Other Comprehensive Income (Loss), Net of Tax	[2],[3]			(1)
Other Comprehensive Income (Loss), Tax	[2]			(1)
Reclassification out of Accumulated Other Comprehensive Income [Member] | Accumulated Net Investment Gain (Loss) Attributable to Parent [Member]
Other Comprehensive Income (Loss), Net of Tax	[2],[3]			0
Other Comprehensive Income (Loss), Tax	[2]			0
Reclassification out of Accumulated Other Comprehensive Income [Member] | Pension Plan [Member]
Other Comprehensive Income (Loss), Net of Tax	[2],[3]			117
Other Comprehensive Income (Loss), Tax	[2]			44
Reclassification out of Accumulated Other Comprehensive Income [Member] | Foreign Currency Gain (Loss) [Member]
Other Comprehensive Income (Loss), Net of Tax				$ 0
[1]	Net of tax expense/(benefit) of $132, $1 and $23 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively.
[2]	Net of tax expense/(benefit) of $(1), $0 and $44 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively.
[3]	See Note 6 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. Gains and losses on investment securities are reclassified from AOCI into Other non-operating income/(loss), net. Gains and losses on pension and other retiree benefits are reclassified from AOCI into Cost of products sold and SG&A and are included in the computation of net periodic pension costs.

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended		6 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Earnings Per Share Reconciliation [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 3,228	$ 2,398	$ 5,863	$ 4,418
Net Income (Loss) Attributable to Noncontrolling Interest		(22)	(26)	(56)	(56)
Net Income (Loss) Attributable to Parent, Diluted		3,206	2,372	5,807	4,362
Dividends, Preferred Stock		(64)	(70)	(129)	(130)
Net Income (Loss) Available to Common Stockholders, Basic		$ 3,142	$ 2,302	$ 5,678	$ 4,232
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic		2,718.9	2,705.7	2,719.5	2,708.2
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	[1]	104.7	109.1	105.2	109.7
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[2]	41	70.4	41.1	68.9
Weighted Average Number of Shares Outstanding, Diluted		2,864.6	2,885.2	2,865.8	2,886.8
Earnings Per Share, Basic	[3],[4]	$ 1.16	$ 0.85	$ 2.09	$ 1.56
Earnings Per Share, Diluted	[3],[4]	$ 1.12	$ 0.82	$ 2.03	$ 1.51
Discontinued Operations [Member]
Earnings Per Share Reconciliation [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 323	$ (276)	$ 181	$ (972)
Net Income (Loss) Attributable to Noncontrolling Interest		0	(2)	0	(7)
Net Income (Loss) Attributable to Parent, Diluted		323	(278)	181	(979)
Dividends, Preferred Stock		0	0	0	0
Net Income (Loss) Available to Common Stockholders, Basic		$ 323	$ (278)	$ 181	$ (979)
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic		2,718.9	2,705.7	2,719.5	2,708.2
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	[1]	104.7	109.1	105.2	109.7
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[2]	41	70.4	41.1	68.9
Weighted Average Number of Shares Outstanding, Diluted		2,864.6	2,885.2	2,865.8	2,886.8
Earnings Per Share, Basic	[3]	$ 0.12	$ (0.10)	$ 0.07	$ (0.36)
Earnings Per Share, Diluted	[3]	$ 0.11	$ (0.10)	$ 0.06	$ (0.34)
Continuing Operations [Member]
Earnings Per Share Reconciliation [Abstract]
Net Income (Loss), Including Portion Attributable to Noncontrolling Interest		$ 2,905	$ 2,674	$ 5,682	$ 5,390
Net Income (Loss) Attributable to Noncontrolling Interest		(22)	(24)	(56)	(49)
Net Income (Loss) Attributable to Parent, Diluted		2,883	2,650	5,626	5,341
Dividends, Preferred Stock		(64)	(70)	(129)	(130)
Net Income (Loss) Available to Common Stockholders, Basic		$ 2,819	$ 2,580	$ 5,497	$ 5,211
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Weighted Average Number of Shares Outstanding, Basic		2,718.9	2,705.7	2,719.5	2,708.2
Incremental Weighted Average Shares Attributable to Dilutive Effect [Abstract]
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	[1]	104.7	109.1	105.2	109.7
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[2]	41	70.4	41.1	68.9
Weighted Average Number of Shares Outstanding, Diluted		2,864.6	2,885.2	2,865.8	2,886.8
Earnings Per Share, Basic	[3]	$ 1.04	$ 0.95	$ 2.02	$ 1.92
Earnings Per Share, Diluted	[3]	$ 1.01	$ 0.92	$ 1.97	$ 1.85
[1]	Despite being included currently in diluted net earnings per common share, the actual conversion to common stock occurs when the preferred shares are sold. Shares may only be sold after being allocated to the ESOP participants pursuant to the repayment of the ESOP's obligations through 2035.
[2]	Outstanding stock options of approximately 48 million and less than 1 million for the three months ended December 31, 2015 and 2014, respectively, and approximately 69 million and less than 1 million for the six months ended December 31, 2015 and 2014, respectively, were not included in the diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares).
[3]	Basic net earnings per common share and diluted net earnings per common share are calculated on net earnings attributable to Procter & Gamble.
[4]	Basic net earnings per share and diluted net earnings per share are calculated on net earnings attributable to Procter & Gamble.

EARNINGS PER SHARE - ANTIDILUTI

EARNINGS PER SHARE - ANTIDILUTIVE SECURITIES (Details) - shares shares in Millions		3 Months Ended		6 Months Ended
		Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Employee Stock Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	[1]	48	1	69	1
[1]	Outstanding stock options of approximately 48 million and less than 1 million for the three months ended December 31, 2015 and 2014, respectively, and approximately 69 million and less than 1 million for the six months ended December 31, 2015 and 2014, respectively, were not included in the diluted net earnings per share calculation because the options were out of the money or to do so would have been antidilutive (i.e., the total proceeds upon exercise would have exceeded the market value of the underlying common shares).

RESTRUCTURING PROGRAM - ADDITIO

RESTRUCTURING PROGRAM - ADDITIONAL INFORMATION (Details) $ in Millions	3 Months Ended		6 Months Ended	48 Months Ended	54 Months Ended	72 Months Ended
	Dec. 31, 2015USD ($)employee	Sep. 30, 2015USD ($)	Dec. 31, 2015USD ($)employee	Jun. 30, 2015USD ($)employees	Dec. 31, 2015employeesemployee	Jun. 30, 2017USD ($)
Restructuring Charges	$ 219	$ 143	$ 362	$ 3,900
Scenario, Forecast [Member]
Restructuring and Related Cost, Expected Cost						$ 5,000
Minimum [Member]
Restructuring and Related Cost, Amounts Historically Incurred			250
Maximum [Member]
Restructuring and Related Cost, Amounts Historically Incurred			500
Selling, General and Administrative Expense [Member]
Restructuring Charges	46		89
Cost of Goods, Segment [Member]
Restructuring Charges	$ 163		$ 253
Non-manufacturing overhead personnel [Member]
Restructuring and Related Cost, Number of Positions Eliminated | employees				12,600	13,500
Restructuring and Related Cost, Number of Positions Eliminated, Period Percent				21.00%	23.00%
Restructuring and Related Cost, Number of Severance Packages Executed | employee	240		490		9,110
Non-manufacturing overhead personnel [Member] | Minimum [Member] | Scenario, Forecast [Member]
Restructuring And Related Cost, Expected Number Of Positions Eliminated, Percent						25.00%
Non-manufacturing overhead personnel [Member] | Maximum [Member] | Scenario, Forecast [Member]
Restructuring And Related Cost, Expected Number Of Positions Eliminated, Percent						30.00%
Separations
Restructuring Charges	$ 70	55		$ 2,000
Restructuring and Related Cost, Number of Severance Packages Executed | employee	860		1,470		15,770
Asset-related costs
Restructuring Charges	$ 69	50		954
Other costs
Restructuring Charges	$ 80	$ 38		$ 944

RESTRUCTURING PROGRAM - RESTRUC

RESTRUCTURING PROGRAM - RESTRUCTURING RESERVE BY TYPE OF COSTS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended	48 Months Ended
	Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2015	Jun. 30, 2015
Restructuring Reserve [Roll Forward]
Restructuring Reserve		$ 389	$ 389
Restructuring Charges	$ 219	143	362	$ 3,900
Cash Spent			(285)
Charges Against Assets			(119)
Restructuring Reserve	347		347	389
Separations
Restructuring Reserve [Roll Forward]
Restructuring Reserve		362	362
Restructuring Charges	70	55		2,000
Cash Spent			(199)
Charges Against Assets			0
Restructuring Reserve	288		288	362
Asset-related costs
Restructuring Reserve [Roll Forward]
Restructuring Reserve		0	0
Restructuring Charges	69	50		954
Cash Spent			0
Charges Against Assets			(119)
Restructuring Reserve	0		0	0
Other costs
Restructuring Reserve [Roll Forward]
Restructuring Reserve		27	27
Restructuring Charges	80	$ 38		944
Cash Spent			(86)
Charges Against Assets			0
Restructuring Reserve	$ 59		$ 59	$ 27

RESTRUCTURING PROGRAM - RESTR40

RESTRUCTURING PROGRAM - RESTRUCTURING COSTS PER SEGMENT (Details) - USD ($) $ in Millions		3 Months Ended		6 Months Ended	48 Months Ended
		Dec. 31, 2015	Sep. 30, 2015	Dec. 31, 2015	Jun. 30, 2015
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 219	$ 143	$ 362	$ 3,900
Beauty
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		9		28
Grooming
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		8		16
Health Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		5		10
Fabric Care and Home Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		87		106
Baby, Feminine and Family Care Segment Member
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		26		56
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]	$ 84		$ 146
[1]	Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities and costs related to discontinued operations from our Batteries and Beauty Brands businesses.

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - ADDITIONAL INFORMATION (Details) $ in Millions	6 Months Ended
	Dec. 31, 2015USD ($)audittaxable_jurisdiction
Loss Contingencies [Line Items]
Number of Taxable Jurisdictions | taxable_jurisdiction	140
Liability for Uncertain Tax Positions, Current | $	$ 300
Minimum [Member]
Loss Contingencies [Line Items]
Number of Audits Typically Underway	60
Maximum [Member]
Loss Contingencies [Line Items]
Number of Audits Typically Underway	70

DISCONTINUED OPERATIONS - ADDIT

DISCONTINUED OPERATIONS - ADDITIONAL INFORMATION (Details) $ / shares in Units, shares in Millions, $ in Billions	Dec. 31, 2015USD ($)$ / sharesshares	Jul. 09, 2015USD ($)	Nov. 13, 2014USD ($)	Jul. 31, 2014USD ($)
Beauty Brands - Held for Sale [Member]
Disposal Groups - Number of Product Categories		4
Disposal Groups - Number of Brands		43
Disposal Groups - Consideration Offered		$ 12.5
Disposal Groups - Expected Consideration Received (Monetary)	$ 13
Disposal Groups - Expected Consideration Received (Shares) | shares	413
Disposal Groups - Expected Consideration Percentage of Diluted Equity of New Company	52.00%
Disposal Groups - Expected Consideration Equity of New Company	$ 10.6
Disposal Groups - Expected Consideration, Value of Debt Assume	2.4
Batteries [Member] | Berkshire Hathaway [Member]
Disposal Group, Including Discontinued Operation, Consideration	4.2		$ 4.7
Disposal Group, Cash Contributed in Re-Capitalization	1.8
Pet Care Business [Member] | Mars Incorporated [Member]
Disposal Group, Including Discontinued Operation, Consideration				$ 2.9
Maximum [Member] | Beauty Brands - Held for Sale [Member]
Disposal Groups - Expected Consideration, Value of Debt Assume	$ 3.9
Disposal Groups - Expected Consideration, Equity of New Company (Per Share) | $ / shares	$ 22.06
Minimum [Member] | Beauty Brands - Held for Sale [Member]
Disposal Groups - Expected Consideration, Value of Debt Assume	$ 1.9
Disposal Groups - Expected Consideration, Equity of New Company (Per Share) | $ / shares	$ 27.06

DISCONTINUED OPERATIONS DISCO43

DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS - ADDITIONAL INFORMATION ON TABLES (Details) - Beauty Brands - Held for Sale [Member] - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2015	Jan. 26, 2016
Disposal Groups - Transition Cost	$ 18
Disposal Groups - Term B Loan Draw		$ 1,000
Disposal Groups - Debt Funding Commitment		$ 3,500

DISCONTINUED OPERATIONS - NET E

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 323	$ (276)	$ 181	$ (972)
Beauty Brands - Held for Sale [Member]
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	238	301	388	425
Batteries [Member]
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	85	(586)	(207)	(1,423)
Pet Care Business [Member]
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	0	9	0	26
Discontinued Operations [Member]
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 323	$ (276)	$ 181	$ (972)

DISCONTINUED OPERATIONS - MAJOR

DISCONTINUED OPERATIONS - MAJOR COMPONENTS OF ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	Dec. 31, 2015		Jun. 30, 2015
Disposal Group, Including Discontinued Operation, Assets, Current	$ 9,223		$ 4,432
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0		5,204
Disposal Group, Including Discontinued Operation, Liabilities, Current	2,460		1,543
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0		717
Beauty Brands - Held for Sale [Member]
Disposal Group, Including Discontinued Operation, Assets, Current	6,026	[1]	922
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0	[1]	5,204
Disposal Group, Including Discontinued Operation, Assets	6,026	[1]	6,126
Disposal Group, Including Discontinued Operation, Liabilities, Current	1,247	[1]	356
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0	[1]	717
Disposal Group, Including Discontinued Operation, Liabilities	1,247	[1]	1,073
Batteries [Member]
Disposal Group, Including Discontinued Operation, Assets, Current	3,197		3,510
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0		0
Disposal Group, Including Discontinued Operation, Assets	3,197		3,510
Disposal Group, Including Discontinued Operation, Liabilities, Current	1,213		1,187
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0		0
Disposal Group, Including Discontinued Operation, Liabilities	1,213		1,187
Discontinued Operations [Member]
Disposal Group, Including Discontinued Operation, Assets, Current	9,223		4,432
Disposal Group, Including Discontinued Operation, Assets, Noncurrent	0		5,204
Disposal Group, Including Discontinued Operation, Assets	9,223		9,636
Disposal Group, Including Discontinued Operation, Liabilities, Current	2,460		1,543
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent	0		717
Disposal Group, Including Discontinued Operation, Liabilities	$ 2,460		$ 2,260
[1]	The Company expects the Beauty Brands transaction to close in the second half of calendar year 2016. Therefore, for the period ended December 31, 2015, all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets.

DISCONTINUED OPERATIONS - NET46

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS FOR BEAUTY BRANDS (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 323	$ (276)	$ 181	$ (972)
Beauty Brands - Held for Sale [Member]
Disposal Group, Including Discontinued Operation, Revenue	1,404	1,666	2,623	3,081
Disposal Group, Including Discontinued Operation, Costs of Goods Sold	443	525	828	1,000
Disposal Group, Including Discontinued Operation, General and Administrative Expense	664	773	1,311	1,568
Disposal Group, Including Discontinued Operation, Other Expense	3	0	2	8
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax	294	368	482	521
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period	56	67	94	96
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 238	$ 301	$ 388	$ 425

DISCONTINUED OPERATIONS - CASH

DISCONTINUED OPERATIONS - CASH FLOWS FOR BEAUTY BRANDS (Details) - Beauty Brands - Held for Sale [Member] - USD ($) $ in Millions	6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014
Depreciation and Amortization, Discontinued Operations	$ 52	$ 64
Capital Expenditure, Discontinued Operations	$ (35)	$ (48)

DISCONTINUED OPERATIONS - MAJ48

DISCONTINUED OPERATIONS - MAJOR COMPONENTS OF ASSETS AND LIABILITIES FOR BEAUTY BRANDS (Details) - USD ($) $ in Millions		Dec. 31, 2015		Jun. 30, 2015
Disposal Group, Including Discontinued Operation, Assets, Current		$ 9,223		$ 4,432
Disposal Group, Including Discontinued Operation, Assets, Noncurrent		0		5,204
Disposal Group, Including Discontinued Operation, Liabilities, Current		2,460		1,543
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent		0		717
Beauty Brands - Held for Sale [Member]
Disposal Group, Including Discontinued Operation, Cash		12	[1]	9
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net		352	[1]	293
Disposal Group, Including Discontinued Operation, Inventory		495	[1]	476
Disposal Group, Including Discontinued Operation, Prepaid and Other Assets		51	[1]	144
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Current	[1]	586
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment, Noncurrent	[2]			613
Disposal Group, Including Discontinued Operation, Goodwill And Intangible Assets, Current	[1]	4,443
Disposal Group, Including Discontinued Operation, Goodwill And Intangible Assets, Noncurrent	[2]			4,513
Disposal Group, Including Discontinued Operation, Other Assets, Current	[1]	87
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	[2]			78
Disposal Group, Including Discontinued Operation, Assets, Current		6,026	[1]	922
Disposal Group, Including Discontinued Operation, Assets, Noncurrent		0	[1]	5,204
Disposal Group, Including Discontinued Operation, Assets		6,026	[1]	6,126
Disposal Group, Including Discontinued Operation, Accounts Payable		160	[1]	118
Disposal Group, Including Discontinued Operation, Accrued Liabilities		340	[1]	238
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities, Current	[1]	365
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities, Noncurrent	[2]			352
Disposal Group, Including Discontinued Operation, Other Liabilities, Current	[1]	382
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	[2]			365
Disposal Group, Including Discontinued Operation, Liabilities, Current		1,247	[1]	356
Disposal Group, Including Discontinued Operation, Liabilities, Noncurrent		0	[1]	717
Disposal Group, Including Discontinued Operation, Liabilities		$ 1,247	[1]	$ 1,073
[1]	The Company expects the Beauty Brands transaction to close in the second half of calendar year 2016. Therefore, for the period ended December 31, 2015, all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets.
[2]	Amounts as of June 30, 2015 are reflected as part of the noncurrent assets and liabilities held for sale.

DISCONTINUED OPERATIONS - NET49

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS FOR BATTERIES AND PET CARE (Details) - USD ($) $ in Millions	3 Months Ended		6 Months Ended
	Dec. 31, 2015	Dec. 31, 2014	Dec. 31, 2015	Dec. 31, 2014
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 323	$ (276)	$ 181	$ (972)
Batteries [Member]
Disposal Group, Including Discontinued Operation, Revenue	691	782	1,197	1,388
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax	138	257	231	393
Disposal Group, Including Discontinued Operation, Other Expense	0	(740)	(402)	(1,713)
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period	(53)	(103)	(36)	(103)
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax	0	0	0	0
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation	0	0	0	0
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	85	(586)	(207)	(1,423)
Pet Care Business [Member]
Disposal Group, Including Discontinued Operation, Revenue		72		235
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax		(5)		14
Disposal Group, Including Discontinued Operation, Other Expense		0		0
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period		0		(6)
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax		13		205
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation		1		(187)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest	$ 0	9	$ 0	26
Batteries and Pet Care [Member]
Disposal Group, Including Discontinued Operation, Revenue		854		1,623
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax		252		407
Disposal Group, Including Discontinued Operation, Other Expense		(740)		(1,713)
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period		(103)		(109)
Discontinued Operation, Gain (Loss) from Disposal of Discontinued Operation, before Income Tax		13		205
Discontinued Operation, Tax Effect of Income (Loss) from Disposal of Discontinued Operation		1		(187)
Income (Loss) from Discontinued Operations, Net of Tax, Including Portion Attributable to Noncontrolling Interest		$ (577)		$ (1,397)

DISCONTINUED OPERATIONS - MAJ50

DISCONTINUED OPERATIONS - MAJOR COMPONENTS OF ASSETS AND LIABILITIES FOR BATTERIES AND PET CARE (Details) - USD ($) $ in Millions	Dec. 31, 2015	Jun. 30, 2015
Disposal Group, Including Discontinued Operation, Assets, Current	$ 9,223	$ 4,432
Disposal Group, Including Discontinued Operation, Liabilities, Current	2,460	1,543
Batteries [Member]
Disposal Group, Including Discontinued Operation, Cash	28	25
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net	297	245
Disposal Group, Including Discontinued Operation, Inventory	306	304
Disposal Group, Including Discontinued Operation, Prepaid and Other Assets	22	28
Disposal Group, Including Discontinued Operation, Property, Plant and Equipment	508	496
Disposal Group, Including Discontinued Operation, Goodwill And Intangible Assets, Net	2,025	2,389
Disposal Group, Including Discontinued Operation, Other Assets, Noncurrent	11	23
Disposal Group, Including Discontinued Operation, Assets, Current	3,197	3,510
Disposal Group, Including Discontinued Operation, Accounts Payable	183	195
Disposal Group, Including Discontinued Operation, Accrued Liabilities	278	194
Disposal Group, Including Discontinued Operation, Other Liabilities, Noncurrent	23	18
Disposal Group, Including Discontinued Operation, Deferred Tax Liabilities, Noncurrent	729	780
Disposal Group, Including Discontinued Operation, Liabilities, Current	$ 1,213	$ 1,187