The Procter & Gamble Company (PG) 10-Q 19 Oct 18 2019 Q1 Quarterly report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - shares	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
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	Sep. 30, 2018
Document Fiscal Year Focus	2,019
Document Fiscal Period Focus	Q1
Amendment Flag	false
Trading Symbol	PG
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding	2,491,408,329
Entity Emerging Growth Company		false
Entity Small Business	false

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) shares in Millions, $ in Millions		3 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Net Sales		$ 16,690	$ 16,653
Cost of Products Sold		8,484	8,269
Selling, General and Administrative Expense		4,652	4,736
Operating Income		3,554	3,648
Interest Expense		129	115
Interest Income		53	49
Other Non-operating Income/(Loss), Net		462	169
Earnings/(Loss) from Continuing Operations Before Income Taxes		3,940	3,751
Income Taxes on Continuing Operations		729	881
Net Earnings		3,211	2,870
Net Earnings Attributable to Noncontrolling Interest		12	17
Net Earnings Attributable to Procter & Gamble		$ 3,199	$ 2,853
Basic Net Earnings Per Common Share
Basic Net Earnings Per Common Share	[1],[2]	$ 1.26	$ 1.09
Diluted Net Earnings Per Common Share
Diluted Net Earnings Per Common Share	[1],[2]	1.22	1.06
Dividends Per Common Share		$ 0.7172	$ 0.6896
Diluted Weighted Average Common Shares Outstanding		2,612.1	2,690.6
[1]	Basic net earnings per share and Diluted net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[2]	Net earnings per 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
	Sep. 30, 2018	Sep. 30, 2017
Net Earnings	$ 3,211	$ 2,870
Financial Statement Translation	(216)	840
Unrealized Gains/(Losses) on Hedges	7	(463)
Unrealized Gains/(Losses) on Investment Securities	(5)	(4)
Unrealized Gains/(Losses) on Defined Benefit Retirement Plans	152	(33)
Total Other Comprehensive Income (Loss), Net of Tax	(62)	340
Total Comprehensive Income/(Loss)	3,149	3,210
Less: Total Comprehensive Income Attributable to Noncontrolling Interest	8	17
Total Comprehensive Income/(Loss) Attributable to Procter & Gamble	$ 3,141	$ 3,193

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions	Sep. 30, 2018	Jun. 30, 2018
Current Assets
Cash and Cash Equivalents	$ 2,545	$ 2,569
Available-for-Sale Investment Securities	8,708	9,281
Accounts Receivable	5,035	4,686
Inventories
Materials and Supplies	1,429	1,335
Work in Process	600	588
Finished Goods	3,153	2,815
Total Inventories	5,182	4,738
Prepaid Expenses and Other Current Assets	1,876	2,046
Total Current Assets	23,346	23,320
Property, Plant and Equipment, Net	20,590	20,600
Goodwill	45,225	45,175
Trademarks and Other Intangible Assets, Net	23,919	23,902
Other Noncurrent Assets	5,360	5,313
Total Assets	118,440	118,310
Current Liabilities
Accounts Payable	10,243	10,344
Accrued and Other Liabilities	8,469	7,470
Debt Due Within One Year	10,508	10,423
Total Current Liabilities	29,220	28,237
Long-Term Debt	20,779	20,863
Deferred Income Taxes	6,179	6,163
Other Noncurrent Liabilities	9,758	10,164
Total Liabilities	65,936	65,427
Shareholders' Equity
Preferred Stock	$ 951	$ 967
Common Stock, Shares, Issued	4,009.2	4,009.2
Common Stock, Value, Issued	$ 4,009	$ 4,009
Additional Paid in Capital	63,711	63,846
Reserve For ESOP Debt Retirement	(1,177)	(1,204)
Accumulated Other Comprehensive Income/(Loss)	(15,133)	(14,749)
Treasury Stock	(99,956)	(99,217)
Retained Earnings	99,831	98,641
Noncontrolling Interest	268	590
Total Shareholders' Equity	52,504	52,883
Total Liabilities and Shareholders' Equity	$ 118,440	$ 118,310

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Statement of Cash Flows [Abstract]
Cash and Cash Equivalents, Beginning of Period	$ 2,569	$ 5,569
Operating Activities
Net Earnings	3,211	2,870
Depreciation and Amortization	643	692
Share-based Compensation Expense	102	84
Deferred Income Taxes	34	426
Gain (Loss) on Disposition of Assets	(361)	(81)
Changes In:
Accounts Receivable	(475)	(304)
Inventories	(494)	(357)
Accounts Payable, Accrued and Other Liabilities	933	235
Other Operating Assets and Liabilities	(84)	(30)
Other Noncash Expense	58	96
Total Operating Activities	3,567	3,631
Investing Activities
Capital Expenditures	(1,080)	(1,132)
Proceeds from Asset Sales	9	120
Acquisitions, Net of Cash Acquired	(237)	0
Purchases of Short-term Investments	(158)	(1,942)
Proceeds from Sales of Short-term Investments	649	388
Change in Other Investments	(48)	32
Total Investing Activites	(865)	(2,534)
Financing Activities
Dividends to Shareholders	(1,853)	(1,823)
Change in Short-term Debt	24	48
Additions to Long-term Debt	0	2,124
Reductions of Long-term Debt	0	(151)
Treasury Stock Purchases	(1,252)	(2,502)
Impact of Stock Options and Other	425	580
Total Financing Activities	(2,656)	(1,724)
Effect of Exchange Rate on Cash and Cash Equivalents	(70)	82
Change in Cash and Cash Equivalents	(24)	(545)
Cash and Cash Equivalents, End of Period	$ 2,545	$ 5,024

BASIS OF PRESENTATION

BASIS OF PRESENTATION	3 Months Ended
	Sep. 30, 2018
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, 2018

NEW ACCOUNTING PRONOUNCEMENTS A

NEW ACCOUNTING PRONOUNCEMENTS AND POLICIES	3 Months Ended
	Sep. 30, 2018
Accounting Changes and Error Corrections [Abstract]
Accounting Changes and Error Corrections [Text Block]	New Accounting Pronouncements and Policies and U.S. Tax Reform On July 1, 2018 , we adopted ASU 2014-09, "Revenue from Contracts with Customers (Topic 606)." This guidance outlines a single, comprehensive model of accounting for revenue from contracts with customers. We adopted the standard using the modified retrospective transition method, under which prior periods were not revised to reflect the impacts of the new standard. Our revenue is primarily generated from the sale of finished product to customers. Those sales predominantly contain a single delivery element and revenue is recognized at a single point in time when ownership, risks and rewards transfer. Accordingly, the timing of revenue recognition is not materially impacted by the new standard. Trade promotions, consisting primarily of customer pricing allowances, in-store merchandising funds, advertising and other promotional activities, and consumer coupons, are offered through various programs to customers and consumers. The adoption of the new standard impacts the accrual timing for certain portions of our customer and consumer promotional spending, which resulted in a cumulative adjustment to Retained earnings of $534 , net of tax, on the date of adoption. The provisions of the new standard also impact the classification of certain payments to customers, moving an immaterial amount of such payments from expense to a deduction from net sales. Had this standard been effective and adopted during fiscal 2018, the impact would have been to reclassify $77 from Selling, General and Administrative expense (SG&A) to a reduction of Net sales for the quarter ended September 30, 2017 and $309 for the year ended June 30, 2018 , with no impact to operating profit. This guidance included practical expedients, none of which are material to our Consolidated Financial Statements. This new guidance does not have any other material impacts on our Consolidated Financial Statements, including financial disclosures. On July 1, 2018, we adopted ASU 2017-07, "Compensation-Retirement Benefits: Improving the Presentation of Net Periodic Pension Cost and Net Periodic Postretirement Benefit Cost (Topic 715)." This guidance requires an entity to disaggregate the current service cost component from the other components of net benefit costs in the face of the income statement. It requires the service cost component to be presented with other current compensation costs for the related employees in the operating section of the income statement, with other components of net benefit cost presented outside of income from operations. We adopted the standard retrospectively, using the practical expedient which allows entities to use information previously disclosed in their pension and other postretirement benefit plans footnote as the basis to apply the retrospective presentation requirements. As such, prior periods’ results have been revised to report the other components of net defined benefit costs, previously reported in Cost of products sold and SG&A, in Other non-operating income, net. In November 2016, the FASB issued ASU 2016-18, "Statement of Cash Flows: Restricted Cash (Topic 230)." This guidance requires the Statement of Cash Flows to present changes in the total of cash, cash equivalents and restricted cash. Prior to the adoption of this ASU, the relevant accounting guidance did not require the Statement of Cash Flows to include changes in restricted cash. We adopted the standard retrospectively on July 1, 2018. We currently have no significant restricted cash balances. Historically, we had restricted cash balances and changes related to divestiture activity. Such balances were presented as Current assets held for sale on the balance sheets, with changes presented as Investing activities on the Statements of Cash Flow. In accordance with ASU 2016-08, such balances are now included in the beginning and ending balances of Cash, cash equivalents and restricted cash for all periods presented. In February 2018, the FASB issued ASU 2018-02, "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income (Topic 220)." This guidance permits companies to make an election to reclassify stranded tax effects from the recently enacted U.S. Tax Cuts and Jobs Act included in Accumulated other comprehensive income (AOCI) to Retained earnings. ASU 2018-02 is effective for fiscal years beginning after December 15, 2018, including interim periods within those fiscal years, with early adoption permitted. The Company has elected to early adopt this guidance in the quarter ended September 30, 2018 . The reclassification from the adoption of this standard resulted in an increase of $326 to Retained earnings and a decrease of $326 to AOCI. In October 2016, the FASB issued ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity transfers of Assets other than Inventory." The standard eliminates the prohibition in ASC 740 against the immediate recognition of the current and deferred income tax effects of intra-entity transfers of assets other than inventory. We have adopted this standard effective July 1, 2018 on a modified retrospective basis. The adoption of ASU 2016-16 did not have a material impact on our Consolidated Financial Statements, including the cumulative effect adjustment required upon adoption. In February 2016, the FASB issued ASU 2016-02, "Leases (Topic 842)." The standard requires lessees to recognize lease assets and lease liabilities on the balance sheet and requires expanded disclosures about leasing arrangements. We plan to adopt the standard on July 1, 2019. We are currently assessing the impact that the new standard will have on our Consolidated Financial Statements, which will consist primarily of a balance sheet gross up of our operating leases to show equal and offsetting lease assets and lease liabilities. In January 2017, the FASB issued ASU 2017-04, "Intangibles-Goodwill and Other (Topic 350): Simplifying the Test for Goodwill Impairment." The standard simplifies the accounting for goodwill impairment by requiring a goodwill impairment to be measured using a single step impairment model, whereby the impairment equals the difference between the carrying amount and the fair value of the specified reporting units in their entirety. This eliminates the second step of the current impairment model that requires companies to first estimate the fair value of all assets in a reporting unit and measure impairments based on those fair values and a residual measurement approach. It also specifies that any loss recognized should not exceed the total amount of goodwill allocated to that reporting unit. We will adopt the standard no later than July 1, 2020. The impact of the new standard will be dependent on the specific facts and circumstances of future individual impairments, if any. No other new accounting pronouncement issued or effective during the fiscal year had, or is expected to have, a material impact on our Consolidated Financial Statements. U.S. Tax Reform On December 22, 2017, the U.S. government enacted comprehensive tax legislation commonly referred to as the Tax Cuts and Jobs Act (the "U.S. Tax Act"). The U.S. Tax Act significantly revises the future ongoing U.S. corporate income tax by, among other things, lowering the U.S. corporate income tax rates and implementing a hybrid territorial tax system. As the Company has a June 30 fiscal year-end, the lower corporate income tax rate was phased in, resulting in a U.S. statutory federal rate of approximately 28% for our fiscal year ended June 30, 2018 , and 21% for subsequent fiscal years. However, the U.S. Tax Act eliminates the domestic manufacturing deduction and moves to a hybrid territorial system, which also largely eliminates the ability to credit certain foreign taxes that existed prior to enactment of the U.S. Tax Act. There are also certain transitional impacts of the U.S. Tax Act. As part of the transition to the new hybrid territorial tax system, the U.S. Tax Act imposed a one-time repatriation tax on deemed repatriation of historical earnings of foreign subsidiaries. In addition, the reduction of the U.S. corporate tax rate caused us to adjust our U.S. deferred tax assets and liabilities to the lower federal base rate of 21% . These transitional impacts resulted in a provisional net charge of $602 million for the fiscal year ended June 30, 2018 , comprised of an estimated repatriation tax charge of $3.8 billion (comprised of U.S. repatriation taxes and foreign withholding taxes) and an estimated net deferred tax benefit of $3.2 billion .

SEGMENT INFORMATION

SEGMENT INFORMATION	3 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	Segment Information Under U.S. GAAP, our Global Business Units (GBUs) are aggregated into five reportable segments: 1) Beauty, 2) Grooming, 3) Health Care, 4) Fabric & Home Care and 5) Baby, Feminine & Family Care. Our five reportable segments are comprised of: • Beauty : Hair Care (Conditioner, Shampoo, Styling Aids, Treatments); Skin and Personal Care (Antiperspirant and Deodorant, Personal Cleansing, Skin Care); • Grooming : Shave Care (Female Blades & Razors, Male Blades & Razors, Pre- and Post-Shave Products, Other Shave Care); Appliances • Health Care : Oral Care (Toothbrushes, Toothpaste, Other Oral Care); Personal Health Care (Gastrointestinal, Rapid Diagnostics, Respiratory, Vitamins/Minerals/Supplements, Other Personal Health Care); • Fabric & Home Care : Fabric Care (Fabric Enhancers, Laundry Additives, Laundry Detergents); Home Care (Air Care, Dish Care, P&G Professional, Surface Care); and • Baby, Feminine & Family Care : Baby Care (Baby Wipes, Diapers and Pants); Feminine Care (Adult Incontinence, Feminine Care); Family Care (Paper Towels, Tissues, Toilet Paper). Our business units are comprised of similar product categories. Nine business units individually accounted for 5% or more of consolidated net sales as follows: % of Net sales by Business Unit (1) Three Months Ended September 30 2018 2017 Fabric Care 23% 22% Baby Care 12% 13% Hair Care 10% 11% Home Care 10% 10% Skin and Personal Care 9% 9% Family Care 9% 8% Shave Care 8% 8% Oral Care 8% 8% Feminine Care 6% 6% All Other 5% 5% Total 100% 100% (1) % of Net sales by business unit excludes sales held in Corporate. Following is a summary of reportable segment results: Three Months Ended September 30 Net Sales Earnings/(Loss) Before Income Taxes Net Earnings Beauty 2018 $ 3,289 $ 947 $ 759 2017 3,138 836 632 Grooming 2018 1,562 417 340 2017 1,577 414 329 Health Care 2018 1,845 440 332 2017 1,902 455 305 Fabric & Home Care 2018 5,488 1,144 877 2017 5,383 1,179 769 Baby, Feminine & Family Care 2018 4,390 902 692 2017 4,545 964 630 Corporate 2018 116 90 211 2017 108 (97 ) 205 Total Company 2018 $ 16,690 $ 3,940 $ 3,211 2017 16,653 3,751 2,870

GOODWILL AND OTHER INTANGIBLE A

GOODWILL AND OTHER INTANGIBLE ASSETS	3 Months Ended
	Sep. 30, 2018
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 & Home Care Baby, Feminine & Family Care Total Company Goodwill at June 30, 2018 $ 12,992 $ 19,820 $ 5,929 $ 1,865 $ 4,569 $ 45,175 Acquisitions and divestitures 117 — (50 ) 6 — 73 Translation and other (7 ) (3 ) (1 ) (6 ) (6 ) (23 ) Goodwill at September 30, 2018 $ 13,102 $ 19,817 $ 5,878 $ 1,865 $ 4,563 $ 45,225 Goodwill increased from June 30, 2018 due to acquisitions in the Beauty and Fabric & Home Care reportable segments partially offset by the divestiture of the Teva portion of the PGT business in the Health Care reportable segment and currency translation. Identifiable intangible assets at September 30, 2018 were comprised of: Gross Carrying Amount Accumulated Amortization Intangible assets with determinable lives $ 7,420 $ (5,184 ) Intangible assets with indefinite lives 21,683 — Total identifiable intangible assets $ 29,103 $ (5,184 ) 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 September 30, 2018 and 2017 was $73 and $77 , respectively. Goodwill and indefinite lived intangible assets are not amortized, but are tested annually for impairment. 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, 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, in particular Shave Care and Appliances, are comprised entirely of acquired businesses and as a result, have fair value cushions that are not as high. Both of these wholly acquired reporting units have fair value cushions (the fair values currently exceed the underlying carrying values). However, the overall Shave Care cushion and the related Gillette indefinite-lived intangible asset cushion have both been reduced to below 10% , both due in large part to an increased competitive market environment in the U.S., a deceleration of category growth caused by changing grooming habits and significant currency devaluations in a number of countries relative to the U.S. dollar that have occurred in recent years and resulted in reduced cash flow projections. As a result, this reporting unit and indefinite-lived intangible asset are more susceptible to impairment risk. The most significant assumptions utilized in the determination of the estimated fair values of Shave Care reporting unit and the Gillette indefinite-lived intangible asset are the residual net sales and earnings growth rates and discount rate. The residual growth rate represents the expected rate at which the reporting unit and Gillette brand are expected to grow beyond the shorter term business planning period. The residual growth rate utilized in our fair value estimates is consistent with the reporting unit and brand operating plans, and approximates expected long term category market growth rates. The residual growth rate is dependent on overall market growth rates, the competitive environment, inflation, relative currency exchange rates and business activities that impact market share. As a result, the residual growth rate could be adversely impacted by a sustained deceleration in category growth, grooming habit changes, devaluation of currencies against the U.S. dollar or an increased competitive environment. The discount rate, which is consistent with a weighted average cost of capital that is likely to be expected by a market participant, is based upon industry required rates of return, including consideration of both debt and equity components of the capital structure. Our discount rate may be impacted by adverse changes in the macroeconomic environment, volatility in the equity and debt markets or other country specific factors, such as further devaluation of currencies against the U.S. dollar. While management can and has implemented strategies to address these events, significant changes in operating plans or adverse changes in the future could reduce the underlying cash flows used to estimate fair values and could result in a decline in fair value that could trigger future impairment charges of the business unit's goodwill and indefinite-lived intangibles. As of September 30, 2018 , the carrying values of Shave Care goodwill and the Gillette indefinite-lived intangible asset were $19.5 billion and $15.7 billion , respectively. The table below provides a sensitivity analysis for the Shave Care reporting unit and the Gillette indefinite lived intangible asset, utilizing reasonably possible changes in the assumptions for the residual growth rate and the discount rate, to demonstrate the potential impacts to the estimated fair values. The table below provides, in isolation, the estimated fair value impacts related to a 50 basis point decrease to our residual growth rate or a 50 basis point increase to our discount rate. Approximate Percent Change in Estimated Fair Value +50 bps Discount Rate -50 bps Long-term Growth Shave Care goodwill reporting unit (10 )% (7 )% Gillette indefinite-lived intangible asset (10 )% (7 )%

EARNINGS PER SHARE

EARNINGS PER SHARE	3 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Earnings Per Share [Text Block]	Earnings Per Share Basic net earnings per common share are calculated by dividing Net earnings attributable to Procter & Gamble less preferred dividends (net of related tax benefits) by the weighted average number of common shares outstanding during the period. Diluted net earnings per common share are calculated using the treasury stock method on the basis of the weighted average number of common shares outstanding plus the dilutive effect of stock options and other stock-based awards and the assumed conversion of preferred stock. Net earnings per share were as follows: CONSOLIDATED AMOUNTS Three months ended September 30 2018 2017 Net earnings $ 3,211 $ 2,870 Less: Net earnings attributable to noncontrolling interests 12 17 Net earnings attributable to P&G (Diluted) 3,199 2,853 Preferred dividends, net of tax (66 ) (62 ) Net earnings attributable to P&G available to common shareholders (Basic) $ 3,133 $ 2,791 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,495.8 2,550.5 Add: Effect of dilutive securities Conversion of preferred shares (1) 91.9 96.6 Impact of stock options and other unvested equity awards (2) 24.4 43.5 Diluted weighted average common shares outstanding 2,612.1 2,690.6 NET EARNINGS PER SHARE (3) Basic $ 1.26 $ 1.09 Diluted $ 1.22 $ 1.06 (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) Weighted average outstanding stock options of approximately 69 million and 20 million for the three months ended September 30, 2018 and 2017 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)

SHARE-BASED COMPENSATION AND PO

SHARE-BASED COMPENSATION AND POSTRETIREMENT BENEFITS	3 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation and Employee Benefit Plans [Text Block]	Share-Based Compensation and Postretirement Benefits The following table provides a summary of our share-based compensation expense and postretirement benefit costs: Three Months Ended September 30 2018 2017 Share-based compensation expense $ 102 $ 84 Net periodic benefit cost for pension benefits (1) 28 51 Net periodic benefit cost/(credit) for other retiree benefits (1) (41 ) (38 ) (1) 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 Annual Report on Form 10-K for the fiscal year ended June 30, 2018

RISK MANAGEMENT ACTIVITIES AND

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS	3 Months Ended
	Sep. 30, 2018
Risk Management Activities and Fair Value Measurements [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. There have been no significant changes in our risk management policies or activities during the three months ended September 30, 2018 . 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. There were no significant assets or liabilities that were remeasured at fair value on a non-recurring basis for the three months ended September 30, 2018 . The following table sets forth the Company’s financial assets as of September 30, 2018 and June 30, 2018 that are measured at fair value on a recurring basis during the period: Fair Value Asset September 30, 2018 June 30, 2018 Investments: U.S. government securities $ 5,233 $ 5,544 Corporate bond securities 3,475 3,737 Other investments 158 141 Total $ 8,866 $ 9,422 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 $1,702 as of September 30, 2018 and $2,003 as of June 30, 2018 . The amortized cost of U.S. government securities with maturities between one and five years was $3,658 as of September 30, 2018 and $3,659 as of June 30, 2018 . The amortized cost of Corporate bond securities with maturities of less than a year was $1,431 as of September 30, 2018 and $1,291 as of June 30, 2018 . The amortized cost of Corporate bond securities with maturities between one and five years was $2,095 as of September 30, 2018 and $2,503 as of June 30, 2018 . 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 Level 1 or Level 3 within the fair value hierarchy, or using net asset value as a practical expedient. Fair values are generally estimated based upon quoted market prices for similar instruments. The fair value of long-term debt was $23,260 and $23,402 as of September 30, 2018 and June 30, 2018 , respectively. This includes the current portion of debt instruments ( $1,772 and $1,769 as of September 30, 2018 and June 30, 2018 , respectively). Certain long-term debt (debt tied to derivatives designated as a fair value hedge) is recorded at fair value. All other long-term debt is recorded at amortized cost, but is measured at fair value for disclosure purposes. We consider our debt to be Level 2 in the fair value hierarchy. Fair values are generally estimated based on quoted market prices for identical or similar instruments. Disclosures about Financial Instruments The notional amounts and fair values of financial instruments used in hedging transactions as of September 30, 2018 and June 30, 2018 are as follows: Notional Amount Fair Value Asset Fair Value (Liability) September 30, 2018 June 30, 2018 September 30, 2018 June 30, 2018 September 30, 2018 June 30, 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 4,588 $ 4,587 $ 110 $ 125 $ (62 ) $ (53 ) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts $ 1,842 $ 1,848 $ 33 $ 41 $ (76 ) $ (75 ) TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS $ 6,430 $ 6,435 $ 143 $ 166 (138 ) (128 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 7,936 $ 7,358 $ 42 $ 30 $ (21 ) $ (56 ) TOTAL DERIVATIVES AT FAIR VALUE $ 14,366 $ 13,793 $ 185 $ 196 (159 ) (184 ) 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 fair value of the interest rate derivative asset/liability directly offsets the cumulative amount of the fair value hedging adjustment included in the carrying amount of the underlying debt obligation. The carrying amount of the underlying debt obligation, which includes the unamortized discount or premium and the fair value adjustment, was $4,618 and $4,639 as of September 30, 2018 and June 30, 2018 , respectively. In addition to the foreign currency derivative contracts designated as net investment hedges, certain of our foreign currency denominated debt instruments are designated as net investment hedges. The carrying value of those debt instruments designated as net investment hedges, which includes the adjustment for the foreign currency transaction gain or loss on those instruments, was $15,054 and $15,012 as of September 30, 2018 and June 30, 2018 , respectively. All of the Company's derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. Before tax gains/(losses) on our financial instruments in hedging relationships are categorized as follows: Amount of Gain/(Loss) Recognized in AOCI on Derivatives Three Months Ended September 30 2018 2017 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2) Foreign exchange contracts $ (43 ) $ (184 ) Amount of Gain/(Loss) Recognized in Earnings Three Months Ended September 30 2018 2017 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ (24 ) $ (3 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ (2 ) $ (1 ) (1) For the derivatives in net investment hedging relationships, the amount of gain/(loss) excluded from effectiveness testing, which was recognized in earnings, was $14 and $31 for the three months ended September 30, 2018 and 2017, respectively. (2) In addition to the foreign currency derivative contracts designated as net investment hedges, certain of our foreign currency denominated debt instruments are designated as net investment hedges. The amount of gain/(loss) recognized in AOCI for such instruments was $207 and $248 , as of September 30, 2018 and 2017, respectively.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)	3 Months Ended
	Sep. 30, 2018
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) (AOCI), including the reclassifications out of Accumulated other comprehensive income/(loss) by component: Changes in Accumulated Other Comprehensive Income/(Loss) by Component Hedges Investment Securities Pension and Other Retiree Benefits Financial Statement Translation Total AOCI Balance at June 30, 2018 $ (3,246 ) $ (173 ) $ (4,058 ) $ (7,272 ) $ (14,749 ) OCI before reclassifications (1) 7 (4 ) 100 (218 ) (115 ) Amounts reclassified from AOCI (2) — (1 ) 52 2 53 Net current period OCI 7 (5 ) 152 (216 ) (62 ) Reclassification to retained earnings in accordance with ASU 2018-02 (3) (18 ) — (308 ) — (326 ) Less: Other comprehensive income/(loss) attributable to non-controlling interests — — — (4 ) (4 ) Balance at September 30, 2018 $ (3,257 ) $ (178 ) $ (4,214 ) $ (7,484 ) $ (15,133 ) (1) Net of tax expense/(benefit) of $2 , $0 and $20 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (2) Net of tax expense/(benefit) of $0 , $0 and $16 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (3) Adjustment made to early adopt ASU 2018-02: "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," as discussed in Note 2. The below provides additional details on amounts reclassified from AOCI into the Consolidated Statements of Earnings: • Hedges: see Note 7 for classification of gains and losses from hedges in the Consolidated Statements of Earnings. • Investment securities: amounts reclassified from AOCI into Other non-operating income, net. • Pension and other retiree benefits: amounts reclassified from AOCI into Other non-operating income, net and included in the computation of net periodic postretirement costs. •

RESTRUCTURING PROGRAM

RESTRUCTURING PROGRAM	3 Months Ended
	Sep. 30, 2018
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 2017, the Company announced specific elements of a multi-year productivity and cost savings plan to further reduce costs in the areas of supply chain, certain marketing activities and overhead expenses. This program is expected to result in incremental enrollment reductions, along with further 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. For the three month period ended September 30, 2018 , the Company incurred total restructuring charges of $137 . Approximately $72 of these charges were recorded in SG&A, $64 of these charges were recorded in Cost of products sold. The remainder of these charges were recorded in Other non-operating income, net. The following table presents restructuring activity for the three months ended September 30, 2018: Three Months Ended September 30, 2018 Reserve Balance June 30, 2018 Charges Cash Spent Charges Against Assets Reserve Balance September 30, 2018 Separations $ 259 $ 53 $ (62 ) $ — $ 250 Asset-related costs — 28 — (28 ) — Other costs 254 56 (66 ) — 244 Total $ 513 $ 137 $ (128 ) $ (28 ) $ 494 Separation Costs Employee separation charges for the three month period ended September 30, 2018 relate to severance packages for approximately 470 employees. Separations related to non-manufacturing employees were approximately 150 for the three month period ended September 30, 2018 . The packages were predominantly voluntary and the amounts were 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. 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 asset removal and termination of contracts related to supply chain optimization. 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 September 30, 2018 Beauty $ 10 Grooming 6 Health Care 8 Fabric & Home Care 13 Baby, Feminine & Family Care 21 Corporate (1) 79 Total Company $ 137 (1)

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	3 Months Ended
	Sep. 30, 2018
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 150 taxable jurisdictions and, at any point in time, has 50 – 60 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 2008 and forward. We are generally not able to reliably estimate the ultimate settlement amounts until the close of the audit. While we do not expect material changes, it is possible that the amount of unrecognized benefit with respect to our uncertain tax positions could increase or decrease within the next 12 months. At this time, we are not able to make a reasonable estimate of the range of impact on the balance of uncertain tax positions or the impact on the effective tax rate related to these items. Additional information on the Commitments and Contingencies of the Company can be found in our Annual Report on Form 10-K for the year ended June 30, 2018

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	3 Months Ended
	Sep. 30, 2018
Segment Reporting [Abstract]
Schedule of Segment Reporting Information, by Segment	Following is a summary of reportable segment results: Three Months Ended September 30 Net Sales Earnings/(Loss) Before Income Taxes Net Earnings Beauty 2018 $ 3,289 $ 947 $ 759 2017 3,138 836 632 Grooming 2018 1,562 417 340 2017 1,577 414 329 Health Care 2018 1,845 440 332 2017 1,902 455 305 Fabric & Home Care 2018 5,488 1,144 877 2017 5,383 1,179 769 Baby, Feminine & Family Care 2018 4,390 902 692 2017 4,545 964 630 Corporate 2018 116 90 211 2017 108 (97 ) 205 Total Company 2018 $ 16,690 $ 3,940 $ 3,211 2017 16,653 3,751 2,870 Nine business units individually accounted for 5% or more of consolidated net sales as follows: % of Net sales by Business Unit (1) Three Months Ended September 30 2018 2017 Fabric Care 23% 22% Baby Care 12% 13% Hair Care 10% 11% Home Care 10% 10% Skin and Personal Care 9% 9% Family Care 9% 8% Shave Care 8% 8% Oral Care 8% 8% Feminine Care 6% 6% All Other 5% 5% Total 100% 100% (1)

GOODWILL AND OTHER INTANGIBLE_2

GOODWILL AND OTHER INTANGIBLE ASSETS (Tables)	3 Months Ended
	Sep. 30, 2018
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 & Home Care Baby, Feminine & Family Care Total Company Goodwill at June 30, 2018 $ 12,992 $ 19,820 $ 5,929 $ 1,865 $ 4,569 $ 45,175 Acquisitions and divestitures 117 — (50 ) 6 — 73 Translation and other (7 ) (3 ) (1 ) (6 ) (6 ) (23 ) Goodwill at September 30, 2018 $ 13,102 $ 19,817 $ 5,878 $ 1,865 $ 4,563 $ 45,225
Schedule of Intangible Assets and Goodwill [Table Text Block]	Identifiable intangible assets at September 30, 2018 were comprised of: Gross Carrying Amount Accumulated Amortization Intangible assets with determinable lives $ 7,420 $ (5,184 ) Intangible assets with indefinite lives 21,683 — Total identifiable intangible assets $ 29,103 $ (5,184 )
Schedule of Potential Impacts to Estimated Fair Values [Table Text Block]	The table below provides, in isolation, the estimated fair value impacts related to a 50 basis point decrease to our residual growth rate or a 50 basis point increase to our discount rate. Approximate Percent Change in Estimated Fair Value +50 bps Discount Rate -50 bps Long-term Growth Shave Care goodwill reporting unit (10 )% (7 )% Gillette indefinite-lived intangible asset (10 )% (7 )%

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	3 Months Ended
	Sep. 30, 2018
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net earnings per share were as follows: CONSOLIDATED AMOUNTS Three months ended September 30 2018 2017 Net earnings $ 3,211 $ 2,870 Less: Net earnings attributable to noncontrolling interests 12 17 Net earnings attributable to P&G (Diluted) 3,199 2,853 Preferred dividends, net of tax (66 ) (62 ) Net earnings attributable to P&G available to common shareholders (Basic) $ 3,133 $ 2,791 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,495.8 2,550.5 Add: Effect of dilutive securities Conversion of preferred shares (1) 91.9 96.6 Impact of stock options and other unvested equity awards (2) 24.4 43.5 Diluted weighted average common shares outstanding 2,612.1 2,690.6 NET EARNINGS PER SHARE (3) Basic $ 1.26 $ 1.09 Diluted $ 1.22 $ 1.06 (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) Weighted average outstanding stock options of approximately 69 million and 20 million for the three months ended September 30, 2018 and 2017 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)

SHARE-BASED COMPENSATION AND _2

SHARE-BASED COMPENSATION AND POSTRETIREMENT BENEFITS (Tables)	3 Months Ended
	Sep. 30, 2018
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Compensation and Employee Benefit Plans [Table Text Block]	The following table provides a summary of our share-based compensation expense and postretirement benefit costs: Three Months Ended September 30 2018 2017 Share-based compensation expense $ 102 $ 84 Net periodic benefit cost for pension benefits (1) 28 51 Net periodic benefit cost/(credit) for other retiree benefits (1) (41 ) (38 ) (1) 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 Annual Report on Form 10-K for the fiscal year ended June 30, 2018

RISK MANAGEMENT ACTIVITIES AN_2

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS (Tables)	3 Months Ended
	Sep. 30, 2018
Risk Management Activities and Fair Value Measurements [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 September 30, 2018 and June 30, 2018 that are measured at fair value on a recurring basis during the period: Fair Value Asset September 30, 2018 June 30, 2018 Investments: U.S. government securities $ 5,233 $ 5,544 Corporate bond securities 3,475 3,737 Other investments 158 141 Total $ 8,866 $ 9,422
Schedule of Derivative Instruments [Table Text Block]	The notional amounts and fair values of financial instruments used in hedging transactions as of September 30, 2018 and June 30, 2018 are as follows: Notional Amount Fair Value Asset Fair Value (Liability) September 30, 2018 June 30, 2018 September 30, 2018 June 30, 2018 September 30, 2018 June 30, 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 4,588 $ 4,587 $ 110 $ 125 $ (62 ) $ (53 ) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts $ 1,842 $ 1,848 $ 33 $ 41 $ (76 ) $ (75 ) TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS $ 6,430 $ 6,435 $ 143 $ 166 (138 ) (128 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 7,936 $ 7,358 $ 42 $ 30 $ (21 ) $ (56 ) TOTAL DERIVATIVES AT FAIR VALUE $ 14,366 $ 13,793 $ 185 $ 196 (159 ) (184 )
Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]	Before tax gains/(losses) on our financial instruments in hedging relationships are categorized as follows: Amount of Gain/(Loss) Recognized in AOCI on Derivatives Three Months Ended September 30 2018 2017 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2) Foreign exchange contracts $ (43 ) $ (184 )
Derivative Instruments, Gain (Loss) [Table Text Block]	Amount of Gain/(Loss) Recognized in Earnings Three Months Ended September 30 2018 2017 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ (24 ) $ (3 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ (2 ) $ (1 )

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) (Tables)	3 Months Ended
	Sep. 30, 2018
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) (AOCI), including the reclassifications out of Accumulated other comprehensive income/(loss) by component: Changes in Accumulated Other Comprehensive Income/(Loss) by Component Hedges Investment Securities Pension and Other Retiree Benefits Financial Statement Translation Total AOCI Balance at June 30, 2018 $ (3,246 ) $ (173 ) $ (4,058 ) $ (7,272 ) $ (14,749 ) OCI before reclassifications (1) 7 (4 ) 100 (218 ) (115 ) Amounts reclassified from AOCI (2) — (1 ) 52 2 53 Net current period OCI 7 (5 ) 152 (216 ) (62 ) Reclassification to retained earnings in accordance with ASU 2018-02 (3) (18 ) — (308 ) — (326 ) Less: Other comprehensive income/(loss) attributable to non-controlling interests — — — (4 ) (4 ) Balance at September 30, 2018 $ (3,257 ) $ (178 ) $ (4,214 ) $ (7,484 ) $ (15,133 ) (1) Net of tax expense/(benefit) of $2 , $0 and $20 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (2) Net of tax expense/(benefit) of $0 , $0 and $16 for gains/losses on hedges, investment securities and pension and other retiree benefit items, respectively. (3) Adjustment made to early adopt ASU 2018-02: "Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income," as discussed in Note 2.

RESTRUCTURING PROGRAM (Tables)

RESTRUCTURING PROGRAM (Tables)	3 Months Ended
	Sep. 30, 2018
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table presents restructuring activity for the three months ended September 30, 2018: Three Months Ended September 30, 2018 Reserve Balance June 30, 2018 Charges Cash Spent Charges Against Assets Reserve Balance September 30, 2018 Separations $ 259 $ 53 $ (62 ) $ — $ 250 Asset-related costs — 28 — (28 ) — Other costs 254 56 (66 ) — 244 Total $ 513 $ 137 $ (128 ) $ (28 ) $ 494
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 September 30, 2018 Beauty $ 10 Grooming 6 Health Care 8 Fabric & Home Care 13 Baby, Feminine & Family Care 21 Corporate (1) 79 Total Company $ 137 (1)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Payments to Customers [Member] | Selling, General and Administrative Expenses [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification		$ 77	$ 309
Customer and Consumer Promotional Spending [Member] | Retained Earnings [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ 534
Reclassification from AOCI to Retained Earnings for Tax Effects [Domain] | Retained Earnings [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	326
Reclassification from AOCI to Retained Earnings for Tax Effects [Domain] | Other Comprehensive Income (Loss)
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ (326)

NEW ACCOUNTING PRONOUNCEMENTS_2

NEW ACCOUNTING PRONOUNCEMENTS AND POLICIES - U.S. TAX REFORM (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jan. 01, 2018
Income Tax Expense (Benefit)	$ 729	$ 881
U.S. Tax Cuts and Jobs Act, Effective 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent				28.00%
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Base Rate, Percent					21.00%
Income Tax Expense (Benefit)				$ 602
Effective Income Tax Rate Reconciliation, Repatriation of Foreign Earnings, Amount				3,800
Deferred Federal Income Tax Expense (Benefit)				$ 3,200
U.S. Tax Cuts and Jobs Act, Effective 2018 | Scenario, Forecast
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent			21.00%

SEGMENT INFORMATION (Details)

SEGMENT INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	100.00%	100.00%
Net Sales	$ 16,690	$ 16,653
Earnings/(Loss) from Continuing Operations Before Income Taxes	3,940	3,751
Net Earnings/(Loss) from Continuing Operations	3,211	2,870
Beauty
Segment Reporting Information [Line Items]
Net Sales	3,289	3,138
Earnings/(Loss) from Continuing Operations Before Income Taxes	947	836
Net Earnings/(Loss) from Continuing Operations	759	632
Grooming
Segment Reporting Information [Line Items]
Net Sales	1,562	1,577
Earnings/(Loss) from Continuing Operations Before Income Taxes	417	414
Net Earnings/(Loss) from Continuing Operations	340	329
Health Care
Segment Reporting Information [Line Items]
Net Sales	1,845	1,902
Earnings/(Loss) from Continuing Operations Before Income Taxes	440	455
Net Earnings/(Loss) from Continuing Operations	332	305
Fabric and Home Care
Segment Reporting Information [Line Items]
Net Sales	5,488	5,383
Earnings/(Loss) from Continuing Operations Before Income Taxes	1,144	1,179
Net Earnings/(Loss) from Continuing Operations	877	769
Baby, Feminine & Family Care
Segment Reporting Information [Line Items]
Net Sales	4,390	4,545
Earnings/(Loss) from Continuing Operations Before Income Taxes	902	964
Net Earnings/(Loss) from Continuing Operations	692	630
Corporate
Segment Reporting Information [Line Items]
Net Sales	116	108
Earnings/(Loss) from Continuing Operations Before Income Taxes	90	(97)
Net Earnings/(Loss) from Continuing Operations	$ 211	$ 205
Fabric Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	23.00%	22.00%
Baby Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	12.00%	13.00%
Hair Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	10.00%	11.00%
Home Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	10.00%	10.00%
Skin and Personal Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	9.00%	9.00%
Family Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	9.00%	8.00%
Shave Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	8.00%	8.00%
Oral Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	8.00%	8.00%
Feminine Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	6.00%	6.00%
All Other
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	5.00%	5.00%

GOODWILL AND OTHER INTANGIBLE_3

GOODWILL AND OTHER INTANGIBLE ASSETS - CHANGE IN THE NET CARRYING AMOUNT OF GOODWILL BY GLOBAL BUSINESS UNIT (Details) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)
Goodwill [Roll Forward]
Goodwill at June 30, 2018	$ 45,175
Goodwill, Acquisitions and Divestitures	73
Goodwill, Translation and Other	(23)
Goodwill at September 30, 2018	45,225
Beauty
Goodwill [Roll Forward]
Goodwill at June 30, 2018	12,992
Goodwill, Acquisitions and Divestitures	117
Goodwill, Translation and Other	(7)
Goodwill at September 30, 2018	13,102
Grooming
Goodwill [Roll Forward]
Goodwill at June 30, 2018	19,820
Goodwill, Acquisitions and Divestitures	0
Goodwill, Translation and Other	(3)
Goodwill at September 30, 2018	19,817
Health Care
Goodwill [Roll Forward]
Goodwill at June 30, 2018	5,929
Goodwill, Acquisitions and Divestitures	(50)
Goodwill, Translation and Other	(1)
Goodwill at September 30, 2018	5,878
Fabric & Home Care
Goodwill [Roll Forward]
Goodwill at June 30, 2018	1,865
Goodwill, Acquisitions and Divestitures	6
Goodwill, Translation and Other	(6)
Goodwill at September 30, 2018	1,865
Baby, Feminine & Family Care
Goodwill [Roll Forward]
Goodwill at June 30, 2018	4,569
Goodwill, Acquisitions and Divestitures	0
Goodwill, Translation and Other	(6)
Goodwill at September 30, 2018	$ 4,563

GOODWILL AND OTHER INTANGIBLE_4

GOODWILL AND OTHER INTANGIBLE ASSETS - IDENTIFIABLE INTANGIBLE ASSETS (Details) $ in Millions	Sep. 30, 2018USD ($)
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 29,103
Accumulated Amortization	(5,184)
Intangible Assets with Indefinite Lives
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	21,683
Accumulated Amortization	0
Intangible Assets with Determinable Lives
Schedule of Finite and Indefinite Lived Intangible Assets [Line Items]
Gross Carrying Amount	7,420
Accumulated Amortization	$ (5,184)

GOODWILL AND OTHER INTANGIBLE_5

GOODWILL AND OTHER INTANGIBLE ASSETS - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Other Significant Noncash Transactions [Line Items]
Amortization of Intangible Assets	$ 73	$ 77
Goodwill	$ 45,225		$ 45,175
Shave Care
Other Significant Noncash Transactions [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	10.00%
Goodwill	$ 19,500
Intangible Assets with Indefinite Lives | Gillette
Other Significant Noncash Transactions [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	10.00%
Intangible Assets, Net (Including Goodwill)	$ 15,700

GOODWILL AND OTHER INTANGIBLE_6

GOODWILL AND OTHER INTANGIBLE ASSETS - ADDITIONAL INFORMATION OTHER (Details)	Sep. 30, 2018
Shave Care
Other Significant Noncash Transactions [Line Items]
Reporting Unit, Percentage of Fair Value in Excess of Carrying Amount	10.00%

GOODWILL AND OTHER INTANGIBLE_7

GOODWILL AND OTHER INTANGIBLE ASSETS - FAIR VALUE SENSITIVITY (Details)	Sep. 30, 2018
50 bps Increase Discount Rate | Intangible Assets with Indefinite Lives | Gillette
SCHEDULE OF POTENTIAL IMPACTS TO ESTIMATED FAIR VALUES [Line Items]
Percent Change in Estimated Fair Value	(10.00%)
50 bps Decrease Long-Term Growth | Intangible Assets with Indefinite Lives | Gillette
SCHEDULE OF POTENTIAL IMPACTS TO ESTIMATED FAIR VALUES [Line Items]
Percent Change in Estimated Fair Value	(7.00%)
Goodwill | 50 bps Increase Discount Rate | Shave Care
SCHEDULE OF POTENTIAL IMPACTS TO ESTIMATED FAIR VALUES [Line Items]
Percent Change in Estimated Fair Value	(10.00%)
Goodwill | 50 bps Decrease Long-Term Growth | Shave Care
SCHEDULE OF POTENTIAL IMPACTS TO ESTIMATED FAIR VALUES [Line Items]
Percent Change in Estimated Fair Value	(7.00%)

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Earnings Per Share Reconciliation [Abstract]
Net Earnings/(Loss)		$ 3,211	$ 2,870
Net Earnings Attributable to Noncontrolling Interest		12	17
Net Earnings/(Loss) Attributable to P&G (Diluted)		3,199	2,853
Preferred Dividends, Net of Tax Benefit		(66)	(62)
Net Earnings/(Loss) Attributable to P&G Available to Common Shareholders (Basic)		$ 3,133	$ 2,791
Weighted Average Number of Shares Outstanding, Diluted [Abstract]
Basic Weighted Average Common Shares Outstanding		2,495.8	2,550.5
Effect of Dilutive Securities
Conversion of Preferred Shares	[1]	91.9	96.6
Exercise of Stock Options and Other Unvested Equity Awards	[2]	24.4	43.5
Diluted Weighted Average Common Shares Outstanding		2,612.1	2,690.6
Basic Net Earnings/(Loss) Per Common Share	[3],[4]	$ 1.26	$ 1.09
Diluted Net Earnings/(Loss) Per Common Share	[3],[4]	$ 1.22	$ 1.06
[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]	Weighted average outstanding stock options of approximately 69 million and 20 million for the three months ended September 30, 2018 and 2017
[3]	Basic net earnings per share and Diluted net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[4]	Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.

EARNINGS PER SHARE - ANTIDILUTI

EARNINGS PER SHARE - ANTIDILUTIVE SECURITIES (Details) - shares shares in Millions		3 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Employee Stock Option
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	[1]	69	20
[1]	Weighted average outstanding stock options of approximately 69 million and 20 million for the three months ended September 30, 2018 and 2017

SHARE-BASED COMPENSATION AND _3

SHARE-BASED COMPENSATION AND POSTRETIREMENT BENEFITS (Details) - USD ($) $ in Millions		3 Months Ended
		Sep. 30, 2018	Sep. 30, 2017
Share-based Compensation, Allocation and Classification in Financial Statements [Abstract]
Allocated Share-based Compensation Expense		$ 102	$ 84
Pension Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	[1]	28	51
Other Postretirement Benefit Plan
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	[1]	$ (41)	$ (38)
[1]	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 Annual Report on Form 10-K for the fiscal year ended June 30, 2018

RISK MANAGEMENT ACTIVITIES AN_3

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ASSETS MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($) $ in Millions	Sep. 30, 2018	Jun. 30, 2018
Fair Value Asset	$ 8,866	$ 9,422
U.S. Government Securities
Fair Value Asset	5,233	5,544
Corporate Bond Securities
Fair Value Asset	3,475	3,737
Other Investments
Fair Value Asset	$ 158	$ 141

RISK MANAGEMENT ACTIVITIES AN_4

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	Sep. 30, 2018	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Long-term Debt, Fair Value	$ 23,260	$ 23,402
Long Term Debt, Current Maturities Measured at Fair Value	1,772	1,769
U.S. Government Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	1,702	2,003
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	3,658	3,659
Corporate Bond Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	1,431	1,291
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	$ 2,095	$ 2,503

RISK MANAGEMENT ACTIVITIES AN_5

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - DERIVATIVE NOTIONAL AMOUNTS AND FAIR VALUE (Details) - USD ($) $ in Millions	Sep. 30, 2018	Jun. 30, 2018
Derivative [Line Items]
Notional Amount	$ 14,366	$ 13,793
Derivative Asset	185	196
Derivative Liability	(159)	(184)
Foreign Exchange Contract
Derivative [Line Items]
Notional Amount	7,936	7,358
Derivative Asset	42	30
Derivative Liability	21	56
Derivatives in Fair Value Hedging Relationships | Interest Rate Contracts
Derivative [Line Items]
Notional Amount	4,588	4,587
Derivative Asset	110	125
Derivative Liability	62	53
Derivatives in Net Investment Hedging Relationships
Derivative [Line Items]
Notional Amount	1,842	1,848
Derivative Asset	33	41
Derivative Liability	76	75
Designated as Hedging Instrument
Derivative [Line Items]
Notional Amount	6,430	6,435
Derivative Asset	143	166
Derivative Liability	$ 138	$ 128

RISK MANAGEMENT ACTIVITIES AN_6

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - GAIN (LOSS) ON DERIVATIVE INSTRUMENTS (EFFECTIVE PORTION) (Details) - USD ($) $ in Millions		Sep. 30, 2018	Sep. 30, 2017
Foreign Exchange Contract | Derivatives in Net Investment Hedging Relationships
Derivative Instruments, Gain (Loss) [Line Items]
Accumulated Other Comprehensive Income, Amount of Gain (Loss) Recognized on Derivatives	[1],[2]	$ (43)	$ (184)
[1]	For the derivatives in net investment hedging relationships, the amount of gain/(loss) excluded from effectiveness testing, which was recognized in earnings, was $14 and $31 for the three months ended September 30, 2018
[2]	In addition to the foreign currency derivative contracts designated as net investment hedges, certain of our foreign currency denominated debt instruments are designated as net investment hedges. The amount of gain/(loss) recognized in AOCI for such instruments was $207 and $248 , as of September 30, 2018

RISK MANAGEMENT ACTIVITIES AN_7

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - GAIN (LOSS) ON DERIVATIVE INSTRUMENTS (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Not Designated as Hedging Instrument | Foreign Currency Contract
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Earnings	$ (2)	$ (1)
Derivatives in Fair Value Hedging Relationships | Interest Rate Contracts
Derivative Instruments, Gain (Loss) [Line Items]
Amount of Gain/(Loss) Recognized in Earnings	$ (24)	$ (3)

RISK MANAGEMENT ACTIVITIES AN_8

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - NOTIONAL AMOUNTS AND FAIR VALUES OF QUALIFYING AND NON-QUALIFYING FINANCIAL INSTRUMENTS USED IN HEDGING TRANSACTIONS - ADDITIONAL INFORMATION (Details) (Details) - Underlying, Other - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2018	Jun. 30, 2018
Derivatives in Fair Value Hedging Relationships
Derivative [Line Items]
Underlying Debt Obligation, Carrying Amount	$ 4,618	$ 4,639
Derivatives in Net Investment Hedging Relationships
Derivative [Line Items]
Underlying Debt Obligation, Carrying Amount	$ 15,054	$ 15,012

RISK MANAGEMENT ACTIVITIES AN_9

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - AMOUNT OF GAINS AND LOSSES ON OUTSTANDING DERIVATIVES - ADDITIONAL INFORMATION (Details) (Details) - Derivatives in Net Investment Hedging Relationships - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2018	Sep. 30, 2017
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net	$ 14	$ 31
Accumulated Other Comprehensive Income, Gain (Loss)	$ 207	$ 248

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - CHANGES IN AOCI AND RECLASSIFICATION OUT OF AOCI (Details) - USD ($) $ in Millions		3 Months Ended
		Sep. 30, 2018	Sep. 30, 2017	Jun. 30, 2018
Accumulated Other Comprehensive Income/(Loss)		$ (15,133)		$ (14,749)
OCI before Reclassifications		(115)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		53
Other Comprehensive Income (Loss), Net of Tax		(62)	$ 340
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings		(326)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		(4)
Accumulated Other Comprehensive Income (Loss), Derivative Qualifying as Hedge, Excluded Component, Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income/(Loss)		(3,257)		(3,246)
OCI before Reclassifications	[1]	7
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[2]	0
Other Comprehensive Income (Loss), Net of Tax		7
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings		(18)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		0
Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income/(Loss)		(178)		(173)
OCI before Reclassifications	[1]	(4)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[2]	(1)
Other Comprehensive Income (Loss), Net of Tax		(5)
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings		0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		0
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Including Portion Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income/(Loss)		(4,214)		(4,058)
OCI before Reclassifications	[1]	100
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	[2]	52
Other Comprehensive Income (Loss), Net of Tax		152
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings		(308)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		0
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income/(Loss)		(7,484)		$ (7,272)
OCI before Reclassifications		(218)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		2
Other Comprehensive Income (Loss), Net of Tax		(216)
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings		0
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		$ (4)
[1]	Net of tax expense/(benefit) of $2 , $0 and $20
[2]	Net of tax expense/(benefit) of $0 , $0 and $16

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) - NET OF TAX EXPENSE (BENEFIT) (Details) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)
Accumulated Other Comprehensive Income (Loss), Derivative Qualifying as Hedge, Excluded Component, Including Portion Attributable to Noncontrolling Interest [Member]
Other Comprehensive Income (Loss) before Reclassifications, Tax	$ 2	[1]
Reclassification from AOCI, Current Period, Tax	0	[2]
Accumulated Net Investment Gain (Loss) Including Portion Attributable to Noncontrolling Interest [Member]
Other Comprehensive Income (Loss) before Reclassifications, Tax	0	[1]
Reclassification from AOCI, Current Period, Tax	0	[2]
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Including Portion Attributable to Noncontrolling Interest
Other Comprehensive Income (Loss) before Reclassifications, Tax	20	[1]
Reclassification from AOCI, Current Period, Tax	$ 16	[2]
[1]	Net of tax expense/(benefit) of $2 , $0 and $20
[2]	Net of tax expense/(benefit) of $0 , $0 and $16

RESTRUCTURING PROGRAM - ADDITIO

RESTRUCTURING PROGRAM - ADDITIONAL INFORMATION (Details) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)employee
Restructuring Charges	$ 137
Minimum
Restructuring and Related Cost, Amounts Historically Incurred	250
Maximum
Restructuring and Related Cost, Amounts Historically Incurred	500
Selling, General and Administrative Expense
Restructuring Charges	72
Cost of Products Sold
Restructuring Charges	64
Separations
Restructuring Charges	$ 53
Restructuring and Related Cost, Number of Severance Packages Executed | employee	470
Non-Manufacturing Overhead Personnel
Restructuring and Related Cost, Number of Severance Packages Executed | employee	150

RESTRUCTURING PROGRAM - RESTRUC

RESTRUCTURING PROGRAM - RESTRUCTURING RESERVE BY TYPE OF COSTS (Details) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)
Restructuring Reserve [Roll Forward]
Reserve Balance June 30, 2018	$ 513
Restructuring Charges	137
Cash Spent	(128)
Charges Against Assets	(28)
Reserve Balance September 30, 2018	494
Separations
Restructuring Reserve [Roll Forward]
Reserve Balance June 30, 2018	259
Restructuring Charges	53
Cash Spent	(62)
Charges Against Assets	0
Reserve Balance September 30, 2018	250
Asset-related Costs
Restructuring Reserve [Roll Forward]
Reserve Balance June 30, 2018	0
Restructuring Charges	28
Cash Spent	0
Charges Against Assets	(28)
Reserve Balance September 30, 2018	0
Other Costs
Restructuring Reserve [Roll Forward]
Reserve Balance June 30, 2018	254
Restructuring Charges	56
Cash Spent	(66)
Charges Against Assets	0
Reserve Balance September 30, 2018	$ 244

RESTRUCTURING PROGRAM - RESTR_2

RESTRUCTURING PROGRAM - RESTRUCTURING COSTS PER SEGMENT (Details) $ in Millions	3 Months Ended
	Sep. 30, 2018USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 137
Beauty
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	10
Grooming
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	6
Health Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	8
Fabric & Home Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	13
Baby, Feminine & Family Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	21
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 79	[1]
[1]	Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities.

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - ADDITIONAL INFORMATION (Details)	3 Months Ended
	Sep. 30, 2018audittaxable_jurisdiction
Loss Contingencies [Line Items]
Number of Taxable Jurisdictions | taxable_jurisdiction	150
Minimum
Loss Contingencies [Line Items]
Number of Audits Typically Underway	50
Maximum
Loss Contingencies [Line Items]
Number of Audits Typically Underway	60