The Procter & Gamble Company (PG) 10-K 6 Aug 19 2019 FY Annual report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Billions	12 Months Ended
	Jun. 30, 2019	Dec. 31, 2017
Document Information [Line Items]
Entity Registrant Name	PROCTER & GAMBLE CO
Entity Central Index Key	0000080424
Current Fiscal Year End Date	--06-30
Entity Filer Category	Large Accelerated Filer
Document Type	10-K
Document Period End Date	Jun. 30, 2019
Document Fiscal Year Focus	2019
Document Fiscal Period Focus	FY
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	2,502,259,668
Entity Public Float		$ 226
Entity Address, Address Line One	One Procter & Gamble Plaza
Entity Address, State or Province	Cincinnati
Entity Address, State or Province	Ohio
Entity Address, Postal Zip Code	45202
City Area Code	513
Local Phone Number	513-983-1100
Entity Tax Identification Number	310411980

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019		Jun. 30, 2018		Jun. 30, 2017
Net Sales		$ 67,684		$ 66,832		$ 65,058
Cost of Goods Sold (Deprecated 2018-01-31)		34,768		34,432		32,638
Selling, General and Administrative Expense		19,084		19,037		18,654
Goodwill & Indefinite Lived Intangible Asset Impairment Charges		8,345		0		0
Operating Income		5,487		13,363		13,766
Interest Expense		509		506		465
Investment Income, Interest		220		247		171
Other Nonoperating Income (Expense)		871		222		(215)
Earnings from Continuing Operations Before Income Taxes		6,069		13,326		13,257
Income Taxes on Continuing Operations		2,103		3,465		3,063
Net Earnings from Continuing Operations		3,966		9,861		10,194
Net Earnings/(Loss) from Discontinued Operations		0		0		5,217
Net Earnings		3,966		9,861		15,411
Net Earnings Attributable to Noncontrolling Interest		69		111		85
Net Income (Loss) Attributable to Parent		$ 3,897		$ 9,750		$ 15,326
BASIC NET EARNINGS PER COMMON SHARE
Earnings from Continuing Operations, Per Basic Share	[1]	$ 1.45		$ 3.75		$ 3.79
Earnings/(Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Basic Share	[1]	0		0		2.01
Earnings Per Share, Basic	[1],[2]	1.45		3.75		5.80
DILUTED NET EARNINGS PER COMMON SHARE
Earnings from Continuing Operations, Per Diluted Share	[1]	1.43		3.67		3.69
Earnings/(Loss) from Discontinued Operations and Disposal of Discontinued Operations, Net of Tax, Per Diluted Share	[1]	0		0		1.90
Earnings Per Share, Diluted	[1],[2]	$ 1.43	[3],[4]	$ 3.67	[3],[4]	$ 5.59
[1]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[2]	Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[3]	Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.
[4]	Diluted net earnings/(loss) per share in each quarter is computed using the weighted average number of shares outstanding during that quarter while Diluted net earnings/(loss) per share for the full year is computed using the weighted average number of shares outstanding during the year. In the quarter ended June 30, 2019, the Company reported a Net loss attributable to P&G, driven by the Shave Care impairment charges discussed in Note 4. This caused certain of our equity instruments to be antidilutive for the full year (preferred shares) and for the quarter ended June 30, 2019 (preferred shares and equity awards). Because these securities were dilutive during the first three quarters of this fiscal year, the sum of the four quarters' Diluted net earnings/(loss) per share will not equal the full-year Diluted net earnings per common share.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Net Earnings	$ 3,966	$ 9,861	$ 15,411
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(213)	(305)	(67)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax	184	(148)	(59)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	(169)	(334)	(1,401)
Other Comprehensive Income (Loss), Net of Tax	140	(119)	1,275
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	4,106	9,742	16,686
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	70	109	85
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 4,036	$ 9,633	$ 16,601

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (Parenthetical) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	$ 78	$ (279)	$ (186)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Tax	0	0	(6)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 22	$ 68	$ 551

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
CURRENT ASSETS
Cash and Cash Equivalents, at Carrying Value	$ 4,239	$ 2,569
Available-for-sale Securities	6,048	9,281
Accounts Receivable, Net, Current	4,951	4,686
INVENTORIES
Inventory, Raw Materials and Supplies, Gross	1,289	1,335
Inventory, Work in Process, Gross	612	588
Inventory, Finished Goods, Gross	3,116	2,815
Inventory, Net	5,017	4,738
Prepaid Expense and Other Assets, Current	2,218	2,046
Assets, Current	22,473	23,320
Property, Plant and Equipment, Net	21,271	20,600
Goodwill	40,273	45,175
Intangible Assets, Net (Excluding Goodwill)	24,215	23,902
Other Assets, Noncurrent	6,863	5,313
Assets	115,095	118,310
CURRENT LIABILITIES
Accounts Payable, Current	11,260	10,344
Accrued Liabilities, Current	9,054	7,470
Debt, Current	9,697	10,423
Liabilities, Current	30,011	28,237
Long-term Debt, Excluding Current Maturities	20,395	20,863
Deferred Tax Liabilities, Net, Noncurrent	6,899	6,163
Other Liabilities, Noncurrent	10,211	10,164
Liabilities	67,516	65,427
SHAREHOLDERS' EQUITY
Common Stock, Value, Issued	4,009	4,009
Additional Paid in Capital	63,827	63,846
Reserve for ESOP Debt Retirement	(1,146)	(1,204)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(14,936)	(14,749)
Treasury Stock, Value	(100,406)	(99,217)
Retained Earnings (Accumulated Deficit)	94,918	98,641
Stockholders' Equity Attributable to Noncontrolling Interest	385	590
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest	47,579	52,883
Liabilities and Equity	115,095	118,310
Preferred Class A
SHAREHOLDERS' EQUITY
Preferred Stock, Stated Value, Issued	928	967
Preferred Class B
SHAREHOLDERS' EQUITY
Preferred Stock, Stated Value, Issued	$ 0	$ 0

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - $ / shares shares in Millions	Jun. 30, 2019	Jun. 30, 2018
Common Stock, Par or Stated Value Per Share	$ 0	$ 1
Common Stock, Shares Authorized	0	10,000
Common Stock, Shares, Issued	0	4,009.2
Treasury Stock, Shares	0	1,511.2
Preferred Class A
Preferred Stock, Par or Stated Value Per Share	$ 0	$ 1
Preferred Stock, Shares Authorized	0	600
Preferred Class B
Preferred Stock, Par or Stated Value Per Share	$ 0	$ 1
Preferred Stock, Shares Authorized	0	200

CONSOLIDATED STATEMENTS OF SHAR

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY - USD ($) shares in Thousands, $ in Millions		Total	Common Stock	Preferred Stock	Additional Paid-in Capital	Reserve for ESOP Debt Retirement	AOCI Attributable to Parent	Treasury Stock	Retained Earnings	Noncontrolling Interest
BEGINNING BALANCE (in shares) at Jun. 30, 2016			2,668,074
BEGINNING BALANCE at Jun. 30, 2016		$ 57,983	$ 4,009	$ 1,038	$ 63,714	$ (1,290)	$ (15,907)	$ (82,176)	$ 87,953	$ 642
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings		15,411							15,326	85
Other Comprehensive Income (Loss), Net of Tax		1,275					1,275
Dividends to shareholders:
Dividends, Common Stock		(6,989)							(6,989)
Dividends, Preferred Stock		(247)							(247)
Treasury Stock, Shares, Acquired			(164,866)
Payments for Repurchase of Common Stock and Stock Receipts		(14,625)						(14,625)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			45,848
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options		2,981			(77)			3,058
Stock Issued During Period, Shares, Conversion of Convertible Securities			4,241
Stock Issued During Period, Value, Conversion of Convertible Securities		0		(32)	(4)			(28)
ESOP Debt Impacts		(122)				(41)			(81)
Noncontrolling Interest, Period Increase (Decrease)		(133)								(133)
ENDING BALANCE (in shares) at Jun. 30, 2017			2,553,297
ENDING BALANCE at Jun. 30, 2017		55,778	$ 4,009	1,006	63,641	(1,249)	(14,632)	(93,715)	96,124	594
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings		9,861							9,750	111
Other Comprehensive Income (Loss), Net of Tax		(119)					(117)
Dividends to shareholders:
Dividends, Common Stock		(7,057)							(7,057)
Dividends, Preferred Stock		(265)							(265)
Treasury Stock, Shares, Acquired			(81,439)
Payments for Repurchase of Common Stock and Stock Receipts	[1]	(7,004)						(7,004)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			21,655
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options		1,668			199			1,469
Stock Issued During Period, Shares, Conversion of Convertible Securities			4,580
Stock Issued During Period, Value, Conversion of Convertible Securities		0		(39)	(6)			(33)
ESOP Debt Impacts		(134)				(45)			(89)
Noncontrolling Interest, Period Increase (Decrease)		(113)								(113)
ENDING BALANCE (in shares) at Jun. 30, 2018			2,498,093
ENDING BALANCE at Jun. 30, 2018		52,883	$ 4,009	967	63,846	(1,204)	(14,749)	(99,217)	98,641	590
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings		3,966							3,897	69
Other Comprehensive Income (Loss), Net of Tax		140					139			1
Dividends to shareholders:
Dividends, Common Stock		(7,256)							(7,256)
Dividends, Preferred Stock		(263)							(263)
Treasury Stock, Shares, Acquired			(53,714)
Payments for Repurchase of Common Stock and Stock Receipts		(5,003)						(5,003)
Stock Issued During Period, Shares, Share-based Compensation, Net of Forfeitures			55,734
Proceeds from Issuance of Shares under Incentive and Share-based Compensation Plans, Including Stock Options		3,874			93			3,781
Stock Issued During Period, Shares, Conversion of Convertible Securities			4,638
Stock Issued During Period, Value, Conversion of Convertible Securities		0		(39)	(6)			(33)
ESOP Debt Impacts		(157)				(58)			(99)
Noncontrolling Interest, Period Increase (Decrease)		(366)								(248)
ENDING BALANCE (in shares) at Jun. 30, 2019			2,504,751
ENDING BALANCE at Jun. 30, 2019		$ 47,579	$ 4,009	$ 928	$ 63,827	$ (1,146)	$ (14,936)	$ (100,406)	$ 94,918	$ 385
[1]	Includes $9,421 of treasury shares received as part of the share exchange in the Beauty Brands transaction (see Note 13).

CONSOLIDATED STATEMENTS OF SH_2

CONSOLIDATED STATEMENTS OF SHAREHOLDERS' EQUITY (Parenthetical) - $ / shares	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Statement of Stockholders' Equity [Abstract]
Common Stock, Dividends, Per Share, Cash Paid	$ 3	$ 3	$ 3

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR		$ 2,569	$ 5,569	$ 8,098
OPERATING ACTIVITIES
Net Earnings		3,966	9,861	15,411
Depreciation, Depletion and Amortization		2,824	2,834	2,820
Gain (Loss) on Extinguishment of Debt		0	346	543
Share-based Compensation		515	395	351
Deferred Income Tax Expense (Benefit)		(411)	(1,844)	(601)
Gain (Loss) on Disposition of Business		(678)	(176)	(5,490)
Goodwill and Indefinite-lived Intangibles Impairment Charges Including Disc Ops		8,345
Increase (Decrease) in Accounts Receivable		(276)	(177)	(322)
Increase (Decrease) in Inventories		(239)	(188)	71
Increase (Decrease) in Accounts Payable and Accrued Liabilities		1,856	1,385	(149)
Increase (Decrease) in Other Operating Assets and Liabilities, Net		(973)	2,000	(43)
Other Noncash Expense		313	431	162
Net Cash Provided by (Used in) Operating Activities		15,242	14,867	12,753
INVESTING ACTIVITIES
Payments to Acquire Property, Plant, and Equipment		(3,347)	(3,717)	(3,384)
Proceeds from Sale of Productive Assets		394	269	571
Payments to Acquire Businesses, Net of Cash Acquired		(3,945)	(109)	(16)
Payments to Acquire Short-term Investments		(158)	(3,909)	(4,843)
Proceeds from Sale of Short-term Investments		3,628	3,928	1,488
Cash Provided by (Used in) Investing Activities, Discontinued Operations		0	0	(475)
Payments for (Proceeds from) Investments		(62)	27	(26)
Net Cash Provided by (Used in) Investing Activities		(3,490)	(3,511)	(6,685)
FINANCING ACTIVITIES
Payments of Dividends		(7,498)	(7,310)	(7,236)
Proceeds from (Repayments of) Short-term Debt		(2,215)	(3,437)	2,727
Proceeds from Issuance of Long-term Debt		2,367	5,072	3,603
Repayments of Long-term Debt	[1]	(969)	(2,873)	(4,931)
Payments for Repurchase of Common Stock		(5,003)	(7,004)	(5,204)
Proceeds From Stock Options Exercised And Other Financing Activities		3,324	1,177	2,473
Net Cash Provided by (Used in) Financing Activities		(9,994)	(14,375)	(8,568)
Effect of Exchange Rate on Cash and Cash Equivalents		(88)	19	(29)
Cash and Cash Equivalents, Period Increase (Decrease)		1,670	(3,000)	(2,529)
CASH AND CASH EQUIVALENTS, END OF YEAR		4,239	2,569	5,569
SUPPLEMENTAL DISCLOSURE
Interest Paid, Including Capitalized Interest, Operating and Investing Activities		497	529	518
Income Taxes Paid		$ 3,064	2,830	$ 3,714
Beauty Brands
OPERATING ACTIVITIES
Deferred Income Tax Expense (Benefit)			(649)
Gain (Loss) on Disposition of Business			(5,210)
SUPPLEMENTAL DISCLOSURE
Income Taxes Paid			$ 418
[1]	Includes early extinguishment of debt costs of $346 and $543 in 2018 and 2017 respectively.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS - ADDITIONAL INFORMATION - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Gain (Loss) on Extinguishment of Debt	$ 0	$ (346)	$ (543)

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Significant Accounting Policies [Text Block]	SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES Nature of Operations The Procter & Gamble Company's (the "Company," "Procter & Gamble," "we" or "us") business is focused on providing branded consumer packaged goods of superior quality and value. Our products are sold in more than 180 countries and territories primarily through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. We have on-the-ground operations in approximately 70 countries. Basis of Presentation The Consolidated Financial Statements include the Company and its controlled subsidiaries. Intercompany transactions are eliminated. Because of a lack of control over Venezuela subsidiaries caused by a number of currency and other operating controls and restrictions, our Venezuelan subsidiaries are not consolidated for any year presented. We account for those subsidiaries using the cost method of accounting. Use of Estimates Preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying disclosures. These estimates are based on management's best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, consumer and trade promotion accruals, restructuring reserves, pensions, post-employment benefits, stock options, valuation of acquired intangible assets, useful lives for depreciation and amortization of long-lived assets, future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets, deferred tax assets and liabilities, uncertain income tax positions and contingencies. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the financial statements in any individual year. However, in regard to ongoing impairment testing of goodwill and indefinite-lived intangible assets, significant deterioration in future cash flow projections or other assumptions used in estimating fair values versus those anticipated at the time of the initial valuations, could result in impairment charges that materially affect the financial statements in a given year. Revenue Recognition Our revenue is primarily generated from the sale of finished product to customers. Those sales predominantly contain a single performance obligation and revenue is recognized at a single point in time when ownership, risks and rewards transfer, which can be on the date of shipment or the date of receipt by the customer. A provision for payment discounts and product return allowances is recorded as a reduction of sales in the same period the revenue is recognized. The revenue recorded is presented net of sales and other taxes we collect on behalf of governmental authorities. The revenue includes shipping and handling costs, which generally are included in the list price to the customer. Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are offered through various programs to customers and consumers. Sales are recorded net of trade promotion spending, which is recognized as incurred at the time of the sale. Most of these arrangements have terms of approximately one year. Accruals for expected payouts under these programs are included as accrued marketing and promotion in the Accrued and other liabilities line item in the Consolidated Balance Sheets. Cost of Products Sold Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacturing of product, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity. Selling, General and Administrative Expense Selling, general and administrative expense (SG&A) is primarily comprised of marketing expenses, selling expenses, research and development costs, administrative and other indirect overhead costs, depreciation and amortization expense on non-manufacturing assets and other miscellaneous operating items. Research and development costs are charged to expense as incurred and were $1.9 billion in 2019 , $1.9 billion in 2018 and $1.9 billion in 2017 (reported in Net earnings from continuing operations). Advertising costs, charged to expense as incurred, include worldwide television, print, radio, internet and in-store advertising expenses and were $6.8 billion in 2019 , $7.1 billion in 2018 and $7.1 billion in 2017 (reported in Net earnings from continuing operations). Non-advertising related components of the Company's total marketing spending reported in SG&A include costs associated with consumer promotions, product sampling and sales aids. Other Non-Operating Income/(Expense), Net Other non-operating income/(expense), net primarily includes net acquisition and divestiture gains, non-service components of net defined benefit costs, investment income and other non-operating items. Currency Translation Financial statements of operating subsidiaries outside the U.S. generally are measured using the local currency as the functional currency. Adjustments to translate those statements into U.S. dollars are recorded in Other comprehensive income (OCI). For subsidiaries operating in highly inflationary economies, the U.S. dollar is the functional currency. Re-measurement adjustments for financial statements in highly inflationary economies and other transactional exchange gains and losses are reflected in earnings. Cash Flow Presentation The Consolidated Statements of Cash Flows are prepared using the indirect method, which reconciles net earnings to cash flow from operating activities. Cash flows from foreign currency transactions and operations are translated at an average exchange rate for the period. Cash flows from hedging activities are included in the same category as the items being hedged. Cash flows from derivative instruments designated as net investment hedges are classified as financing activities. Realized gains and losses from non-qualifying derivative instruments used to hedge currency exposures resulting from intercompany financing transactions are also classified as financing activities. Cash flows from other derivative instruments used to manage interest rates, commodity or other currency exposures are classified as operating activities. Cash payments related to income taxes are classified as operating activities. Cash flows from the Company's discontinued operations are included in the Consolidated Statements of Cash Flows. See Note 13 for significant cash flow items related to discontinued operations. Investments Investment securities primarily consist of readily marketable debt securities. Unrealized gains or losses from investments classified as trading, if any, are charged to earnings. Unrealized gains or losses on debt securities classified as available-for-sale are recorded in OCI. If an available-for-sale security is other than temporarily impaired, the loss is charged to either earnings or OCI depending on our intent and ability to retain the security until we recover the full cost basis and the extent of the loss attributable to the creditworthiness of the issuer. Investment securities are included as Available-for-sale investment securities and Other noncurrent assets in the Consolidated Balance Sheets. Investments in certain companies over which we exert significant influence, but do not control the financial and operating decisions, are accounted for as equity method investments. Other investments that are not controlled, and over which we do not have the ability to exercise significant influence, are accounted for under the cost method. Both equity and cost method investments are included as Other noncurrent assets in the Consolidated Balance Sheets. Inventory Valuation Inventories are valued at the lower of cost or market value. Product-related inventories are maintained on the first-in, first-out method. The cost of spare part inventories is maintained using the average-cost method. Property, Plant and Equipment Property, plant and equipment is recorded at cost reduced by accumulated depreciation. Depreciation expense is recognized over the assets' estimated useful lives using the straight-line method. Machinery and equipment includes office furniture and fixtures ( 15 -year life), computer equipment and capitalized software ( 3 - to 5 -year lives) and manufacturing equipment ( 3 - to 20 -year lives). Buildings are depreciated over an estimated useful life of 40 years. Estimated useful lives are periodically reviewed and, when appropriate, changes are made prospectively. When certain events or changes in operating conditions occur, asset lives may be adjusted and an impairment assessment may be performed on the recoverability of the carrying amounts. Goodwill and Other Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized, but are evaluated for impairment annually or more often if indicators of a potential impairment are present. Our annual impairment testing of goodwill is performed separately from our impairment testing of indefinite-lived intangible assets. We have acquired brands that have been determined to have indefinite lives. Those assets are evaluated annually for impairment. We evaluate a number of factors to determine whether an indefinite life is appropriate, including the competitive environment, market share, brand history, underlying product life cycles, operating plans and the macroeconomic environment of the countries in which the brands are sold. In addition, when certain events or changes in operating conditions occur, an additional impairment assessment is performed and indefinite-lived assets may be adjusted to a determinable life. The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology and other intangible assets with contractual terms are generally amortized over their respective legal or contractual lives. Customer relationships, brands and other non-contractual intangible assets with determinable lives are amortized over periods generally ranging from 5 to 30 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and remaining lives of intangible assets with determinable lives may be adjusted. For additional details on goodwill and intangible assets see Note 4. Fair Values of Financial Instruments Certain financial instruments are required to be recorded at fair value. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. Other financial instruments, including cash equivalents, certain investments and short-term debt, are recorded at cost, which approximates fair value. The fair values of long-term debt and financial instruments are disclosed in Note 9. New Accounting Pronouncements and Policies 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 accelerated the accrual timing for certain portions of our customer and consumer promotional spending, which resulted in a cumulative reduction 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 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 $309 for the year ended June 30, 2018, with no impact to operating income. We elected certain practical expedients included in the guidance related to shipping and handling costs, which was not 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. On July 1, 2018, we adopted 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 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. On July 1, 2018, we early adopted 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/(loss) (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 reclassification from the adoption of this standard resulted in an increase of $326 to Retained earnings and a decrease of $326 to AOCI. On July 1, 2018, we adopted ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity transfers of Assets other than Inventory." We adopted this standard on a modified retrospective basis. 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. 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. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842) Targeted Improvements”. The updated guidance provides an optional transition method, which allows for the application of the standard as of the adoption date with no restatement of prior period amounts. We plan to adopt the standard on July 1, 2019 under the optional transition method described above. We are currently in the process of implementing lease accounting software as well as assessing the impact that the new standard will have on our Consolidated Financial Statements. The impact of the standard will consist primarily of a balance sheet gross up of our operating leases to show equal and offsetting lease assets and lease liabilities. Subject to the completion of our assessment, we expect the adoption of the standard to result in an increase to our total assets of approximately 1% . 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.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Jun. 30, 2019
Segment Reporting [Abstract]
Segment Reporting Disclosure [Text Block]	SEGMENT INFORMATION During fiscal 2017, the Company completed the divestiture of four product categories, comprised of 43 of its beauty brands. The transactions included the global salon professional hair care and color, retail hair color, cosmetics and the fragrance businesses, along with select hair styling brands. This business is reported as discontinued operations for the year ended June 30, 2017 (see Note 13). 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, Pain Relief, 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, Taped Diapers and Pants); Feminine Care (Adult Incontinence, Feminine Care); Family Care (Paper Towels, Tissues, Toilet Paper). While none of our reportable segments are highly seasonal, components within certain reportable segments, such as Appliances (Grooming) and Personal Health Care (Health), are seasonal. The accounting policies of the segments are generally the same as those described in Note 1. Differences between these policies and U.S. GAAP primarily reflect income taxes, which are reflected in the segments using applicable blended statutory rates. Adjustments to arrive at our effective tax rate are included in Corporate, including the impacts from the U.S. Tax Act in fiscal 2018 (see Note 5). Corporate includes certain operating and non-operating activities that are not reflected in the operating results used internally to measure and evaluate the businesses, as well as items to adjust management reporting principles to U.S. GAAP. Operating activities in Corporate include the results of incidental businesses managed at the corporate level. Operating elements also include certain employee benefit costs, the costs of certain restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization, certain significant asset impairment charges and other general Corporate items. The non-operating elements in Corporate primarily include interest expense, certain pension and other postretirement benefit costs, certain acquisition and divestiture gains, interest and investing income and other financing costs. Total assets for the reportable segments include those assets managed by the reportable segment, primarily inventory, fixed assets and intangible assets. Other assets, primarily cash, accounts receivable, investment securities and goodwill, are included in Corporate. 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 Sales by Business Unit (1) Years ended June 30 2019 2018 2017 Fabric Care 22% 22% 22% Baby Care 12% 13% 14% Hair Care 10% 10% 10% Home Care 10% 10% 10% Skin and Personal Care 10% 9% 8% Family Care 9% 8% 8% Oral Care 8% 8% 8% Shave Care 8% 8% 9% Feminine Care 6% 6% 6% All Other 5% 6% 5% TOTAL 100% 100% 100% (1) % of sales by business unit excludes sales held in Corporate. Net sales and long-lived assets in the United States and internationally were as follows (in billions): Years ended June 30 2019 2018 2017 NET SALES United States $ 28.6 $ 27.3 $ 27.3 International $ 39.1 $ 39.5 $ 37.8 LONG-LIVED ASSETS (1) United States $ 10.0 $ 9.7 $ 8.8 International $ 11.3 $ 10.9 $ 11.1 (1) Long-lived assets consists of property, plant and equipment. No other country's net sales or long-lived assets exceed 10% of the Company totals. Our largest customer, Walmart Inc. and its affiliates, accounted for consolidated net sales of approximately 15% , 15% and 16% in 2019 , 2018 and 2017 , respectively. No other customer represents more than 10% of our consolidated net sales. Global Segment Results Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Depreciation and Amortization Total Assets Capital Expenditures BEAUTY 2019 $ 12,897 $ 3,282 $ 2,637 $ 272 $ 5,362 $ 634 2018 12,406 3,042 2,320 236 4,709 766 2017 11,429 2,546 1,914 220 4,184 599 GROOMING 2019 6,199 1,777 1,529 429 20,882 367 2018 6,551 1,801 1,432 447 22,609 364 2017 6,642 1,985 1,537 433 22,759 341 HEALTH CARE 2019 8,218 1,984 1,519 294 7,708 363 2018 7,857 1,922 1,283 230 5,254 330 2017 7,513 1,898 1,280 209 5,194 283 FABRIC & HOME CARE 2019 22,080 4,601 3,518 557 7,620 984 2018 21,441 4,191 2,708 534 7,295 1,020 2017 20,717 4,249 2,713 513 6,886 797 BABY, FEMININE & FAMILY CARE 2019 17,806 3,593 2,734 861 9,271 819 2018 18,080 3,527 2,251 899 9,682 1,016 2017 18,252 3,868 2,503 874 9,920 1,197 CORPORATE (1) 2019 484 (9,168 ) (7,971 ) 411 64,252 180 2018 497 (1,157 ) (133 ) 488 68,761 221 2017 505 (1,289 ) 247 571 71,463 167 TOTAL COMPANY 2019 $ 67,684 $ 6,069 $ 3,966 $ 2,824 $ 115,095 $ 3,347 2018 66,832 13,326 9,861 2,834 118,310 3,717 2017 65,058 13,257 10,194 2,820 120,406 3,384 (1) The Corporate reportable segment includes the $8.3 billion one-time, non-cash before-tax ( $8.0 billion

SUPPLEMENTAL FINANCIAL INFORMAT

SUPPLEMENTAL FINANCIAL INFORMATION	12 Months Ended
	Jun. 30, 2019
Disclosure Text Block [Abstract]
Supplemental Balance Sheet Disclosures [Text Block]	SUPPLEMENTAL FINANCIAL INFORMATION The components of property, plant and equipment were as follows: As of June 30 2019 2018 PROPERTY, PLANT AND EQUIPMENT Buildings $ 7,746 $ 7,188 Machinery and equipment 32,263 30,595 Land 805 841 Construction in progress 2,579 3,223 TOTAL PROPERTY, PLANT AND EQUIPMENT 43,393 41,847 Accumulated depreciation (22,122 ) (21,247 ) PROPERTY, PLANT AND EQUIPMENT, NET $ 21,271 $ 20,600 Selected components of current and noncurrent liabilities were as follows: As of June 30 2019 2018 ACCRUED AND OTHER LIABILITIES - CURRENT Marketing and promotion $ 4,299 $ 3,208 Compensation expenses 1,623 1,298 Restructuring reserves 468 513 Taxes payable 341 268 Other 2,323 2,183 TOTAL $ 9,054 $ 7,470 OTHER NONCURRENT LIABILITIES Pension benefits $ 5,622 $ 4,768 Other postretirement benefits 1,098 1,495 Uncertain tax positions 472 581 U.S. Tax Act transitional tax payable 2,343 2,654 Other 676 666 TOTAL $ 10,211 $ 10,164 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 (covering fiscal 2012 through 2017) as part of a productivity and cost savings plan to reduce costs in the areas of supply chain, research and development, marketing activities and overhead expenses. 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. In fiscal 2017 the Company announced specific elements of another incremental 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. The Company incurred total restructuring charges of $754 and $1,070 for the years ended June 30, 2019 and 2018 , respectively. Of the charges incurred for fiscal year 2019, $213 were recorded in SG&A, $521 in Costs of products sold, and $20 in Other non-operating income/(expense), net. Of the charges incurred for fiscal year 2018, $237 were recorded in SG&A, $819 in Costs of products sold, and $14 in Other non-operating income/(expense), net. The following table presents restructuring activity for the years ended June 30, 2019 and 2018 : Amounts in millions Separations Asset-Related Costs Other Total RESERVE JUNE 30, 2017 $ 228 $ — $ 49 $ 277 Charges 310 366 394 1,070 Cash spent (279 ) — (189 ) (468 ) Charges against assets — (366 ) — (366 ) RESERVE JUNE 30, 2018 259 — 254 513 Charges 260 252 242 754 Cash spent (239 ) — (308 ) (547 ) Charges against assets — (252 ) — (252 ) RESERVE JUNE 30, 2019 $ 280 $ — $ 188 $ 468 Separation Costs Employee separation charges for the years ended June 30, 2019 and 2018 relate to severance packages for approximately 1,810 and 2,720 employees, respectively. The packages were primarily 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: Years ended June 30 2019 2018 2017 Beauty $ 49 $ 60 $ 90 Grooming 65 38 45 Health Care 23 21 15 Fabric & Home Care 84 115 144 Baby, Feminine & Family Care 226 547 231 Corporate (1) 307 289 229 Total Company $ 754 $ 1,070 $ 754 (1) Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities, along with costs related to discontinued operations from our Beauty Brands business in 2017.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure [Text Block]	GOODWILL AND INTANGIBLE ASSETS The change in the net carrying amount of goodwill by reportable segment was as follows: Beauty Grooming Health Care Fabric & Home Care Baby, Feminine & Family Care Corporate Total Company Balance at June 30, 2017 - Net (1) $ 12,791 $ 19,627 $ 5,878 $ 1,857 $ 4,546 $ — $ 44,699 Acquisitions and divestitures 82 — — — — — 82 Translation and other 119 193 51 8 23 — 394 Balance at June 30, 2018 - Net (1) 12,992 19,820 5,929 1,865 4,569 — 45,175 Acquisitions and divestitures 132 — 2,084 6 57 — 2,279 Goodwill impairment charges — (6,783 ) — — — — (6,783 ) Translation and other (139 ) (156 ) (41 ) (16 ) (46 ) — (398 ) Balance at June 30, 2019 - Net (1) $ 12,985 $ 12,881 $ 7,972 $ 1,855 $ 4,580 $ — $ 40,273 (1) Grooming goodwill balance is net of $1.2 billion accumulated impairment losses as of June 30, 2017 and 2018 and $7.9 billion Goodwill and indefinite-lived intangibles are tested for impairment at least annually by comparing the estimated fair values of our reporting units and underlying indefinite-lived intangible assets to their respective carrying values. We typically use an income method to estimate the fair value of these assets, which is based on forecasts of the expected future cash flows attributable to the respective assets. Significant estimates and assumptions inherent in the valuations reflect a consideration of other marketplace participants, and include the amount and timing of future cash flows (including expected growth rates and profitability). Estimates utilized in the projected cash flows include consideration of macroeconomic conditions, overall category growth rates, competitive activities, cost containment and margin expansion, Company business plans, the underlying product or technology life cycles, economic barriers to entry, a brand's relative market position and the discount rate applied to the cash flows. Unanticipated market or macroeconomic events and circumstances may occur, which could affect the accuracy or validity of the estimates and assumptions. During fiscal 2019, we determined that the estimated fair value of our Shave Care reporting unit was less than its carrying value. Therefore, we conducted step two of the goodwill impairment test. Step two requires that we allocate the fair value of the reporting unit to identifiable assets and liabilities of the reporting unit, including previously unrecognized intangible assets. Any residual fair value after this allocation is compared to the goodwill balance and any excess goodwill is charged to expense. We also determined that the Gillette indefinite-lived intangible asset was less than its carrying amount. As a result, we recorded non-cash impairment charges for both items. As previously disclosed, the fair values of the Shave Care reporting unit and the related Gillette indefinite-lived intangible asset have been reduced in recent years, including further reductions during the year and quarter ending June 30, 2019 . These reductions were due in large part to significant currency devaluations in a number of countries relative to the U.S. dollar, a deceleration of category growth caused by changing grooming habits, primarily in the developed markets, and an increased competitive market environment in the U.S. and certain other markets, which collectively have resulted in reduced cash flow projections. A non-cash before and after-tax impairment charge of $6.8 billion was recognized to reduce the carrying amount of goodwill for the Shave Care reporting unit. Following the impairment charge, the carrying value of the Shave Care goodwill is $12.6 billion . Additionally, a non-cash, before-tax impairment charge of $1.6 billion ( $1.2 billion after-tax) was recognized to reduce the carrying amount of the Gillette indefinite-lived intangible asset to its estimated fair value as of June 30, 2019 . Following the impairment charge, the carrying value of the Gillette indefinite-lived intangible asset is $14.1 billion . We believe the estimates and assumptions utilized in our impairment testing are reasonable and are comparable to those that would be used by other marketplace participants. However, actual events and results could differ substantially from those used in our valuations. To the extent such factors result in a failure to achieve the level of projected cash flows initially used to estimate fair value for purposes of establishing or subsequently impairing the carrying amount of goodwill and related intangible assets, we may need to record additional non-cash impairment charges in the future. During fiscal 2019, the Company completed the acquisition of the over the counter (OTC) healthcare business of Merck KGaA (Merck OTC), which is included in the Health Care reportable segment (see Note 14), along with other minor acquisitions in the Beauty, the Baby, Feminine & Family Care and the Fabric & Home Care reportable segments. Goodwill increases due to acquisitions were partially offset by the divestiture of the Teva portion of the PGT business in the Health Care reportable segment and currency translation. The change in goodwill during fiscal 2018 was primarily due to acquisitions of two brands within the Beauty reportable segment and currency translation across all reportable segments. Identifiable intangible assets were comprised of: 2019 2018 As of June 30 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization INTANGIBLE ASSETS WITH DETERMINABLE LIVES Brands $ 3,836 $ (2,160 ) $ 3,146 $ (2,046 ) Patents and technology 2,776 (2,434 ) 2,617 (2,350 ) Customer relationships 1,787 (691 ) 1,372 (616 ) Other 145 (91 ) 241 (144 ) TOTAL $ 8,544 $ (5,376 ) $ 7,376 $ (5,156 ) INTANGIBLE ASSETS WITH INDEFINITE LIVES Brands 21,047 — 21,682 — TOTAL $ 29,591 $ (5,376 ) $ 29,058 $ (5,156 ) Amortization expense of intangible assets was as follows: Years ended June 30 2019 2018 2017 Intangible asset amortization $ 349 $ 302 $ 325 Estimated amortization expense over the next five fiscal years is as follows: Years ending June 30 2020 2021 2022 2023 2024 Estimated amortization expense $ 359 $ 309 $ 290 $ 278 $ 267

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Income Tax Disclosure [Text Block]	INCOME TAXES Income taxes are recognized for the amount of taxes payable for the current year and for the impact of deferred tax assets and liabilities, which represent future tax consequences of events that have been recognized differently in the financial statements than for tax purposes. Deferred tax assets and liabilities are established using the enacted statutory tax rates and are adjusted for any changes in such rates in the period of change. 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 revised 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 eliminated the domestic manufacturing deduction and moved to a hybrid territorial system, which also largely eliminated 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 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 . The transitional impact was finalized during the fiscal year ended June 30, 2019, with no significant impact on income tax expense. Any legislative changes, as well as any other new or proposed Treasury regulations to address questions that arise because of the U.S. Tax Act, may result in additional income tax impacts which could be material in the period any such changes are enacted. The Global Intangible Low-Taxed Income ("GILTI") provision of the U.S. Tax Act requires the Company to include in its U.S. Income tax return foreign subsidiary earnings in excess of an allowable return on the foreign subsidiary's tangible assets. An accounting policy election is available to account for the tax effects of GILTI either as a current period expense when incurred, or to recognize deferred taxes for book and tax basis differences expected to reverse as GILTI in future years. We have elected to account for the tax effects of GILTI as a current period expense when incurred. Earnings from continuing operations before income taxes consisted of the following: Years ended June 30 2019 2018 2017 United States $ 1,659 $ 9,277 $ 9,031 International 4,410 4,049 4,226 TOTAL $ 6,069 $ 13,326 $ 13,257 Income taxes on continuing operations consisted of the following: Years ended June 30 2019 2018 2017 CURRENT TAX EXPENSE U.S. federal $ 1,064 $ 3,965 $ 1,531 International 1,259 1,131 1,243 U.S. state and local 191 213 241 2,514 5,309 3,015 DEFERRED TAX EXPENSE U.S. federal (296 ) (1,989 ) 28 International and other (115 ) 145 20 (411 ) (1,844 ) 48 TOTAL TAX EXPENSE $ 2,103 $ 3,465 $ 3,063 A reconciliation of the U.S. federal statutory income tax rate to our actual income tax rate on continuing operations is provided below: Years ended June 30 2019 2018 2017 U.S. federal statutory income tax rate 21.0 % 28.1 % 35.0 % Country mix impacts of foreign operations (0.5 )% (4.7 )% (6.8 )% Changes in uncertain tax positions (0.3 )% (0.3 )% (2.0 )% Excess tax benefits from the exercise of stock options (3.8 )% (0.4 )% (1.3 )% Goodwill impairment 22.8 % — % — % Net transitional impact of U.S. Tax Act — % 4.5 % — % Other (4.5 )% (1.2 )% (1.8 )% EFFECTIVE INCOME TAX RATE 34.7 % 26.0 % 23.1 % Country mix impacts of foreign operations includes the effects of foreign subsidiaries' earnings taxed at rates other than the U.S. statutory rate, the U.S. tax impacts of non-U.S. earnings repatriation and any net impacts of intercompany transactions. Changes in uncertain tax positions represent changes in our net liability related to prior year tax positions. Excess tax benefits from the exercise of stock options reflect the excess of actual tax benefits received on employee exercise of stock options and other share-based payments (which generally equals the income taxable to the employee) over the amount of tax benefits that were calculated at the grant dates of such instruments. Tax costs charged to shareholders' equity totaled $80 for the year ended June 30, 2019 . This primarily relates to the tax effects of Net Investment hedges and certain adjustments to pension obligations recorded in stockholders' equity. Tax benefits credited to shareholders' equity totaled $342 for the year ended June 30, 2018 . This primarily relates to the tax effects of Net Investment hedges, partially offset by the impact of certain adjustments to pension obligations recorded in stockholders' equity. Prior to the passage of the U.S. Tax Act, the Company asserted that substantially all of the undistributed earnings of its foreign subsidiaries were considered indefinitely invested and accordingly, no deferred taxes were provided. Pursuant to the provisions of the U.S. Tax Act, these earnings were subjected to a one-time transition tax, for which a provisional charge has been recorded. This charge included taxes for all U.S. income taxes and for the related foreign withholding taxes for the portion of those earnings which are no longer considered indefinitely invested. We have not provided deferred taxes on approximately $27 billion of earnings that are considered permanently reinvested. A reconciliation of the beginning and ending liability for uncertain tax positions is as follows: Years ended June 30 2019 2018 2017 BEGINNING OF YEAR $ 470 $ 465 $ 857 Increases in tax positions for prior years 85 26 87 Decreases in tax positions for prior years (94 ) (38 ) (147 ) Increases in tax positions for current year 71 87 75 Settlements with taxing authorities (37 ) (45 ) (381 ) Lapse in statute of limitations (27 ) (20 ) (22 ) Currency translation (2 ) (5 ) (4 ) END OF YEAR $ 466 $ 470 $ 465 Included in the total liability for uncertain tax positions at June 30, 2019 is $159 that, depending on the ultimate resolution, could impact the effective tax rate in future periods. The Company is present in approximately 70 countries and over 150 taxable jurisdictions and, at any point in time, has 40 - 50 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 the closing of statutes of limitation. 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. 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 existing liabilities of approximately $140 , including interest and penalties. We recognize the additional accrual of any possible related interest and penalties relating to the underlying uncertain tax position in income tax expense. As of June 30, 2019 , 2018 and 2017 , we had accrued interest of $133 , $99 and $100 and accrued penalties of $17 , $15 and $20 , respectively, which are not included in the above table. During the fiscal years ended June 30, 2019 , 2018 and 2017 , we recognized $40 , $22 and $(62) in interest expense/(benefit) and $2 , $5 and $0 in penalties expense, respectively. The net benefits recognized resulted primarily from the favorable resolution of tax positions for prior years. Deferred income tax assets and liabilities were comprised of the following: As of June 30 2019 2018 DEFERRED TAX ASSETS Pension and postretirement benefits $ 1,591 $ 1,478 Loss and other carryforwards 1,007 1,067 Stock-based compensation 421 476 Fixed assets 232 223 Accrued marketing and promotion 334 223 Unrealized loss on financial and foreign exchange transactions 73 61 Inventory 41 35 Accrued interest and taxes 15 17 Advance payments — 4 Other 931 699 Valuation allowances (442 ) (457 ) TOTAL $ 4,203 $ 3,826 DEFERRED TAX LIABILITIES Goodwill and intangible assets $ 6,506 $ 6,168 Fixed assets 1,413 1,276 Foreign withholding tax on earnings to be repatriated 239 244 Unrealized gain on financial and foreign exchange transactions 147 169 Other 351 161 TOTAL $ 8,656 $ 8,018 Net operating loss carryforwards were $3.5 billion at June 30, 2019 and $3.5 billion at June 30, 2018 . If unused, $1.0 billion will expire between 2019 and 2037 . The remainder, totaling $2.5 billion at June 30, 2019 , may be carried forward indefinitely.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Jun. 30, 2019
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 year. For fiscal years 2018 and 2017, Diluted net earnings per common share are calculated by dividing Net earnings attributable to Procter & Gamble by the diluted weighted average number of common shares outstanding during the year. The diluted shares are determined 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 (see Note 7) and the assumed conversion of preferred stock (see Note 8). For fiscal year 2019, Diluted net earnings per common share do not include the assumed conversion of preferred stock because to do so would have been antidilutive, due to the lower Net earnings driven by the Shave Care impairment charges (see Note 4). Therefore, Diluted net earnings per common share are calculated by dividing Net earnings attributable to Procter & Gamble less preferred dividends (net of related tax benefit) by the diluted weighted average number of common shares outstanding during the year. The diluted shares are determined 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. Net earnings per share were calculated as follows: Years ended June 30 2019 2018 2017 CONSOLIDATED AMOUNTS Total Total Continuing Operations Discontinued Operations Total Net earnings $ 3,966 $ 9,861 $ 10,194 $ 5,217 $ 15,411 Less: Net earnings attributable to noncontrolling interests 69 111 85 — 85 Net earnings attributable to P&G 3,897 9,750 10,109 5,217 15,326 Less: Preferred dividends, net of tax 263 265 247 — 247 Net earnings attributable to P&G available to common shareholders (Basic) $ 3,634 $ 9,485 $ 9,862 $ 5,217 $ 15,079 Net earnings attributable to P&G available to common shareholders (Diluted) $ 3,634 $ 9,750 $ 10,109 $ 5,217 $ 15,326 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,503.6 2,529.3 2,598.1 2,598.1 2,598.1 Add: Effect of dilutive securities Impact of stock options and other unvested equity awards (1) 35.9 32.5 43.0 43.0 43.0 Conversion of preferred shares (2) — 94.9 99.3 99.3 99.3 Diluted weighted average common shares outstanding 2,539.5 2,656.7 2,740.4 2,740.4 2,740.4 NET EARNINGS PER SHARE (3) Basic $ 1.45 $ 3.75 $ 3.79 $ 2.01 $ 5.80 Diluted $ 1.43 $ 3.67 $ 3.69 $ 1.90 $ 5.59 (1) Weighted average outstanding stock options of approximately 13 million in 2019 , 48 million in 2018 and 20 million in 2017 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 assumed proceeds upon exercise would have exceeded the market value of the underlying common shares). (2) Despite being included 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. In fiscal year 2019, weighted average outstanding preferred shares of 90 million were not included in the Diluted net earnings per share calculation because to do so would have been antidilutive, due to lower Net earnings driven by the Shave Care impairment charges (see Note 4). (3) Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Disclosure of Compensation Related Costs, Share-based Payments [Text Block]	STOCK-BASED COMPENSATION We have two primary stock-based compensation programs under which we annually grant stock option, restricted stock unit (RSU) and performance stock unit (PSU) awards to key managers and directors. In our main long-term incentive program, key managers can elect to receive options or RSUs. All options vest after three years and have a 10 -year life. Exercise prices on options are set equal to the market price of the underlying shares on the date of the grant. Effective in fiscal year 2017, RSUs vest and settle in shares of common stock three years from the grant date. RSUs granted prior to fiscal year 2017 vest and settle in shares of common stock five years from the grant date. Senior-level executives participate in an additional long-term incentive program that awards PSUs, which are paid in shares after the end of a three-year performance period subject to pre-established performance goals. Effective in fiscal year 2019, we added a Relative Total Shareholder Return (R-TSR) modifier to the PSU, under which the number of shares ultimately granted is also impacted by the Company's actual shareholder return relative to our consumer products competitive peer set. In addition to these long-term incentive programs, we award RSUs to the Company's non-employee directors and make other minor stock option and RSU grants to employees for which the terms are not substantially different from our long-term incentive awards. A total of 185 million shares of common stock were authorized for issuance under the stock-based compensation plan approved by shareholders in 2014, of which 41 million shares remain available for grant. The Company recognizes stock-based compensation expense based on the fair value of the awards at the date of grant. The fair value is amortized on a straight-line basis over the requisite service period. Awards to employees eligible for retirement prior to the award becoming fully vested are recognized as compensation expense from the grant date through the date the employee first becomes eligible to retire and is no longer required to provide services to earn the award. Stock-based compensation expense is included as part of Cost of products sold and SG&A in the Consolidated Statement of Earnings and includes an estimate of forfeitures, which is based on historical data. Total expense and related tax benefit were as follows: Years ended June 30 2019 2018 2017 (1) Stock options $ 246 $ 220 $ 216 RSUs and PSUs 269 175 150 Total stock-based expense $ 515 $ 395 $ 366 Income tax benefit $ 101 $ 87 $ 111 (1) Includes amounts related to discontinued operations, which are not material. We utilize an industry standard lattice-based valuation model to calculate the fair value for stock options granted. Assumptions utilized in the model, which are evaluated and revised to reflect market conditions and experience, were as follows: Years ended June 30 2019 2018 2017 Interest rate 2.5 - 2.7 % 1.9 - 2.9 % 0.8 - 2.6 % Weighted average interest rate 2.6 % 2.8 % 2.6 % Dividend yield 3.0 % 3.1 % 3.2 % Expected volatility 17 % 18 % 15 % Expected life in years 9.2 9.2 9.6 Lattice-based option valuation models incorporate ranges of assumptions for inputs and those ranges are disclosed in the preceding table. Expected volatilities are based on a combination of historical volatility of our stock and implied volatilities of call options on our stock. We use historical data to estimate option exercise and employee termination patterns within the valuation model. The expected life of options granted is derived from the output of the option valuation model and represents the average period of time that options granted are expected to be outstanding. The interest rate for periods within the contractual life of the options is based on the U.S. Treasury yield curve in effect at the time of grant. A summary of options outstanding under the plans as of June 30, 2019 and activity during the year then ended is presented below: Options Options (in thousands) Weighted Average Exercise Price Weighted Average Contract-ual Life in Years Aggregate Intrinsic Value Outstanding, beginning of year 205,654 $ 74.21 Granted 13,451 95.78 Exercised (53,670 ) 62.99 Forfeited/expired (694 ) 81.58 OUTSTANDING, END OF YEAR 164,741 $ 79.59 5.6 $ 4,951 EXERCISABLE 110,504 $ 75.07 4.2 $ 3,822 The following table provides additional information on stock options: Years ended June 30 2019 2018 2017 Weighted average grant-date fair value of options granted $ 13.60 $ 11.89 $ 10.45 Intrinsic value of options exercised 1,770 500 1,334 Grant-date fair value of options that vested 180 209 246 Cash received from options exercised 3,381 1,245 2,630 Actual tax benefit from options exercised 221 127 421 At June 30, 2019 , there was $174 of compensation cost that has not yet been recognized related to stock option grants. That cost is expected to be recognized over a remaining weighted average period of 1.9 years. A summary of non-vested RSUs and PSUs outstanding under the plans as of June 30, 2019 and activity during the year then ended is presented below: RSUs PSUs RSU and PSU awards Units (in thousands) Weighted Average Grant Date Fair Value Units (in thousands) Weighted Average Grant Date Fair Value Non-vested at July 1, 2018 5,376 $ 77.17 1,385 $ 84.08 Granted 1,970 96.74 555 112.83 Vested (1,685 ) 78.40 (642 ) 91.40 Forfeited (168 ) 79.67 (3 ) 92.72 Non-vested at June 30, 2019 5,493 $ 84.00 1,295 $ 92.98 At June 30, 2019 , there was $261 of compensation cost that has not yet been recognized related to RSUs and PSUs. That cost is expected to be recognized over a remaining weighted average period of 2.0 years. The total grant date fair value of shares vested was $205 , $175 and $163 in 2019 , 2018 and 2017 , respectively. The Company settles equity issuances with treasury shares. We have no specific policy to repurchase common shares to mitigate the dilutive impact of options, RSUs and PSUs. However, we have historically made adequate discretionary purchases, based on cash availability, market trends and other factors, to offset the impacts of such activity.

POSTRETIREMENT BENEFITS AND EMP

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN	12 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Pension and Other Postretirement Benefits Disclosure [Text Block]	POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN We offer various postretirement benefits to our employees. Defined Contribution Retirement Plans We have defined contribution plans, which cover the majority of our U.S. employees, as well as employees in certain other countries. These plans are fully funded. We generally make contributions to participants' accounts based on individual base salaries and years of service. Total global defined contribution expense was $272 , $292 and $270 in 2019 , 2018 and 2017 , respectively. The primary U.S. defined contribution plan (the U.S. DC plan) comprises the majority of the expense for the Company's defined contribution plans. For the U.S. DC plan, the contribution rate is set annually. Total contributions for this plan approximated 14% of total participants' annual wages and salaries in 2019 , 2018 and 2017 . We maintain The Procter & Gamble Profit Sharing Trust (Trust) and Employee Stock Ownership Plan (ESOP) to provide a portion of the funding for the U.S. DC plan and other retiree benefits (described below). Operating details of the ESOP are provided at the end of this Note. The fair value of the ESOP Series A shares allocated to participants reduces our cash contribution required to fund the U.S. DC plan. Defined Benefit Retirement Plans and Other Retiree Benefits We offer defined benefit retirement pension plans to certain employees. These benefits relate primarily to local plans outside the U.S. and, to a lesser extent, plans assumed in previous acquisitions covering U.S. employees. We also provide certain other retiree benefits, primarily health care and life insurance, for the majority of our U.S. employees who become eligible for these benefits when they meet minimum age and service requirements. Generally, the health care plans require cost sharing with retirees and pay a stated percentage of expenses, reduced by deductibles and other coverages. These benefits are primarily funded by ESOP Series B shares and certain other assets contributed by the Company. Obligation and Funded Status . The following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans: Pension Benefits (1) Other Retiree Benefits (2) Years ended June 30 2019 2018 2019 2018 CHANGE IN BENEFIT OBLIGATION Benefit obligation at beginning of year (3) $ 15,658 $ 16,160 $ 4,778 $ 5,187 Service cost 259 280 101 112 Interest cost 339 348 187 177 Participants' contributions 12 13 76 73 Amendments 9 12 — (231 ) Net actuarial loss/(gain) 1,587 (722 ) 37 (308 ) Acquisitions/(divestitures) 49 — — — Special termination benefits 13 8 8 7 Currency translation and other (283 ) 148 20 5 Benefit payments (606 ) (589 ) (243 ) (244 ) BENEFIT OBLIGATION AT END OF YEAR (3) $ 17,037 $ 15,658 $ 4,964 $ 4,778 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 11,267 $ 10,829 $ 3,259 $ 3,831 Actual return on plan assets 739 553 1,918 (481 ) Acquisitions/(divestitures) 4 — — — Employer contributions 178 406 31 33 Participants' contributions 12 13 76 73 Currency translation and other (212 ) 55 (1 ) (3 ) ESOP debt impacts (4) — — 56 50 Benefit payments (606 ) (589 ) (243 ) (244 ) FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 11,382 $ 11,267 $ 5,096 $ 3,259 FUNDED STATUS $ (5,655 ) $ (4,391 ) $ 132 $ (1,519 ) (1) Primarily non-U.S.-based defined benefit retirement plans. (2) Primarily U.S.-based other postretirement benefit plans. (3) For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation. (4) Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits. The underfunding of pension benefits is primarily a function of the different funding incentives that exist outside of the U.S. In certain countries, there are no legal requirements or financial incentives provided to companies to pre-fund pension obligations prior to their due date. In these instances, benefit payments are typically paid directly from the Company's cash as they become due. Pension Benefits Other Retiree Benefits As of June 30 2019 2018 2019 2018 CLASSIFICATION OF NET AMOUNT RECOGNIZED Noncurrent assets $ 19 $ 420 $ 1,257 $ — Current liabilities (52 ) (43 ) (27 ) (24 ) Noncurrent liabilities (5,622 ) (4,768 ) (1,098 ) (1,495 ) NET AMOUNT RECOGNIZED $ (5,655 ) $ (4,391 ) $ 132 $ (1,519 ) AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) Net actuarial loss $ 5,062 $ 3,787 $ 874 $ 2,366 Prior service cost/(credit) 214 244 (424 ) (478 ) NET AMOUNTS RECOGNIZED IN AOCI $ 5,276 $ 4,031 $ 450 $ 1,888 The accumulated benefit obligation for all defined benefit pension plans was $15,790 and $14,370 as of June 30, 2019 and 2018 , respectively. Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit obligations in excess of plan assets consisted of the following: Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets Projected Benefit Obligation Exceeds the Fair Value of Plan Assets As of June 30 2019 2018 2019 2018 Projected benefit obligation $ 11,604 $ 8,467 $ 16,304 $ 8,962 Accumulated benefit obligation 10,711 7,573 15,096 7,974 Fair value of plan assets 6,026 3,740 10,630 4,150 Net Periodic Benefit Cost . Components of the net periodic benefit cost were as follows: Pension Benefits Other Retiree Benefits Years ended June 30 2019 2018 2017 2019 2018 2017 AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST Service cost $ 259 $ 280 $ 310 (1) $ 101 $ 112 $ 133 (1) Interest cost 339 348 300 187 177 175 Expected return on plan assets (732 ) (751 ) (675 ) (447 ) (451 ) (431 ) Amortization of net actuarial loss 225 295 375 66 69 122 Amortization of prior service cost/(credit) 26 28 28 (48 ) (41 ) (45 ) Amortization of net actuarial loss/prior service cost due to settlements and curtailments 9 — 186 (2) — — 16 (2) Special termination benefits 13 8 4 8 7 21 (2) GROSS BENEFIT COST/(CREDIT) 139 208 528 (133 ) (127 ) (9 ) Dividends on ESOP preferred stock — — — (28 ) (37 ) (45 ) NET PERIODIC BENEFIT COST/(CREDIT) $ 139 $ 208 $ 528 $ (161 ) $ (164 ) $ (54 ) CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI Net actuarial loss/(gain) - current year $ 1,580 $ (524 ) $ (1,434 ) $ 624 Prior service cost/(credit) - current year 9 12 — (231 ) Amortization of net actuarial loss (225 ) (295 ) (66 ) (69 ) Amortization of prior service (cost)/credit (26 ) (28 ) 48 41 Amortization of net actuarial loss/prior service costs due to settlements and curtailments (9 ) — — — Currency translation and other (84 ) 73 14 (3 ) TOTAL CHANGE IN AOCI 1,245 (762 ) (1,438 ) 362 NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST AND AOCI $ 1,384 $ (554 ) $ (1,599 ) $ 198 (1) Service cost includes amounts related to discontinued operations in fiscal year ended June 30, 2017, which are not material. (2) For fiscal year ended June 30, 2017, amortization of net actuarial loss/prior service cost due to settlement and curtailments and $18 of the special termination benefits are included in Net earnings from discontinued operations. The service cost component of the net periodic benefit cost is included in the Consolidated Statements of Earnings in Cost of products sold and SG&A, unless otherwise noted. All other components are included in the Consolidated Statements of Earnings in Other non-operating income/(expense), net, unless otherwise noted. Amounts expected to be amortized from AOCI into net periodic benefit cost during the year ending June 30, 2020 , are as follows: Pension Benefits Other Retiree Benefits Net actuarial loss $ 344 $ 68 Prior service cost/(credit) 25 (48 ) Assumptions . We determine our actuarial assumptions on an annual basis. These assumptions are weighted to reflect each country that may have an impact on the cost of providing retirement benefits. The weighted average assumptions used to determine benefit obligations recorded on the Consolidated Balance Sheets as of June 30, were as follows: (1) Pension Benefits Other Retiree Benefits As of June 30 2019 2018 2019 2018 Discount rate 1.9 % 2.5 % 3.7 % 4.2 % Rate of compensation increase 2.6 % 2.6 % N/A N/A Health care cost trend rates assumed for next year N/A N/A 6.6 % 6.6 % Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate) N/A N/A 4.9 % 4.9 % Year that the rate reaches the ultimate trend rate N/A N/A 2026 2025 (1) Determined as of end of fiscal year. The weighted average assumptions used to determine net benefit cost recorded on the Consolidated Statement of Earnings for the years ended June 30, were as follows: (1) Pension Benefits Other Retiree Benefits Years ended June 30 2019 2018 2017 2019 2018 2017 Discount rate 2.5 % 2.4 % 2.1 % 4.2 % 3.9 % 3.6 % Expected return on plan assets 6.6 % 6.8 % 6.9 % 8.3 % 8.3 % 8.3 % Rate of compensation increase 2.6 % 3.0 % 2.9 % N/A N/A N/A (1) Determined as of beginning of fiscal year. For plans that make up the majority of our obligation, the Company calculates the benefit obligation and the related impacts on service and interest costs using specific spot rates along the corporate bond yield curve. For the remaining plans, the Company determines these amounts utilizing a single weighted-average discount rate derived from the corporate bond yield curve used to measure the plan obligations. Several factors are considered in developing the estimate for the long-term expected rate of return on plan assets. For the defined benefit retirement plans, these factors include historical rates of return of broad equity and bond indices and projected long-term rates of return obtained from pension investment consultants. The expected long-term rates of return for plan assets are 8 - 9% for equities and 5 - 6% for bonds. For other retiree benefit plans, the expected long-term rate of return reflects that the assets are comprised primarily of Company stock. The expected rate of return on Company stock is based on the long-term projected return of 8.5% and reflects the historical pattern of returns. Assumed health care cost trend rates could have a significant effect on the amounts reported for the other retiree benefit plans. A one percentage point change in assumed health care cost trend rates would have the following effects: One-Percentage Point Increase One-Percentage Point Decrease Effect on the total service and interest cost components $ 60 $ (45 ) Effect on the accumulated postretirement benefit obligation 755 (619 ) Plan Assets . Our investment objective for defined benefit retirement plan assets is to meet the plans' benefit obligations and to improve plan self-sufficiency for future benefit obligations. The investment strategies focus on asset class diversification, liquidity to meet benefit payments and an appropriate balance of long-term investment return and risk. Target ranges for asset allocations are determined by assessing different investment risks and matching the actuarial projections of the plans' future liabilities and benefit payments with current as well as expected long-term rates of return on the assets, taking into account investment return volatility and correlations across asset classes. Plan assets are diversified across several investment managers and are generally invested in liquid funds that are selected to track broad market equity and bond indices. Investment risk is carefully controlled with plan assets rebalanced to target allocations on a periodic basis and with continual monitoring of investment managers' performance relative to the investment guidelines established with each investment manager.Our target asset allocation for the year ended June 30, 2019 , and actual asset allocation by asset category as of June 30, 2019 and 2018 , were as follows: Target Asset Allocation Actual Asset Allocation at June 30 Pension Benefits Other Retiree Benefits Pension Benefits Other Retiree Benefits Asset Category 2019 2018 2019 2018 Cash — % 2 % 1 % 2 % 3 % 1 % Debt securities 67 % 3 % 63 % 59 % 2 % 4 % Equity securities 33 % 95 % 36 % 39 % 95 % 95 % TOTAL 100 % 100 % 100 % 100 % 100 % 100 % The following tables set forth the fair value of the Company's plan assets as of June 30, 2019 and 2018 segregated by level within the fair value hierarchy (refer to Note 9 for further discussion on the fair value hierarchy and fair value principles). Company stock listed as Level 1 in the hierarchy represents Company common stock; Level 2 represents preferred shares which are valued based on the value of Company common stock. The majority of our Level 3 pension assets are insurance contracts. Their fair values are based on their cash equivalent or models that project future cash flows and discount the future amounts to a present value using market-based observable inputs, including credit risk and interest rate curves. There was no significant activity within the Level 3 pension and other retiree benefits plan assets during the years presented. Investments valued using net asset value as a practical expedient are primarily equity and fixed income collective funds. These assets are not valued using the fair value hierarchy, but rather valued using the net asset value reported by the managers of the funds and as supported by the unit prices of actual purchase and sale transactions. Pension Benefits Other Retiree Benefits As of June 30 Fair Value Hierarchy Level 2019 2018 Fair Value Hierarchy Level 2019 2018 ASSETS AT FAIR VALUE Cash and cash equivalents 1 $ 47 $ 136 1 $ 111 $ 5 Company stock (1) — — 1 & 2 4,836 3,092 Other (2) 1, 2 & 3 378 400 1 1 4 TOTAL ASSETS IN THE FAIR VALUE HEIRARCHY 425 536 4,948 3,101 Investments valued at net asset value 10,957 10,731 148 158 TOTAL ASSETS AT FAIR VALUE $ 11,382 11,267 $ 5,096 3,259 (1) Company stock is net of ESOP debt discussed below. (2) The Company's other pension plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension plan asset balances classified as Level 1 or Level 2 within the fair value hierarchy. Cash Flows . Management's best estimate of cash requirements and discretionary contributions for the defined benefit retirement plans and other retiree benefit plans for the year ending June 30, 2020 , is $156 and $39 , respectively. For the defined benefit retirement plans, this is comprised of $94 in expected benefit payments from the Company directly to participants of unfunded plans and $62 of expected contributions to funded plans. For other retiree benefit plans, this is comprised of $27 in expected benefit payments from the Company directly to participants of unfunded plans and $12 of expected contributions to funded plans. Expected contributions are dependent on many variables, including the variability of the market value of the plan assets as compared to the benefit obligation and other market or regulatory conditions. In addition, we take into consideration our business investment opportunities and resulting cash requirements. Accordingly, actual funding may differ significantly from current estimates. Total benefit payments expected to be paid to participants, which include payments funded from the Company's assets and payments from the plans are as follows: Years ending June 30 Pension Benefits Other Retiree Benefits EXPECTED BENEFIT PAYMENTS 2020 $ 518 $ 191 2021 536 203 2022 549 214 2023 574 224 2024 583 233 2025 - 2029 3,220 1,283 Employee Stock Ownership Plan We maintain the ESOP to provide funding for certain employee benefits discussed in the preceding paragraphs. The ESOP borrowed $1.0 billion in 1989 and the proceeds were used to purchase Series A ESOP Convertible Class A Preferred Stock to fund a portion of the U.S. DC plan. Principal and interest requirements of the borrowing were paid by the Trust from dividends on the preferred shares and from advances provided by the Company. The original borrowing of $1.0 billion has been repaid in full, and advances from the Company of $42 remain outstanding at June 30, 2019 . Each share is convertible at the option of the holder into one share of the Company's common stock. The dividend for the current year was equal to the common stock dividend of $2.90 per share. The liquidation value is $6.82 per share. In 1991, the ESOP borrowed an additional $1.0 billion . The proceeds were used to purchase Series B ESOP Convertible Class A Preferred Stock to fund a portion of retiree health care benefits. These shares, net of the ESOP's debt, are considered plan assets of the other retiree benefits plan discussed above. Debt service requirements are funded by preferred stock dividends, cash contributions and advances provided by the Company, of which $876 are outstanding at June 30, 2019 . Each share is convertible at the option of the holder into one share of the Company's common stock. The dividend for the current year was equal to the common stock dividend of $2.90 per share. The liquidation value is $12.96 per share. Our ESOP accounting practices are consistent with current ESOP accounting guidance, including the permissible continuation of certain provisions from prior accounting guidance. ESOP debt, which is guaranteed by the Company, is recorded as debt (see Note 10) with an offset to the Reserve for ESOP debt retirement, which is presented within Shareholders' equity. Advances to the ESOP by the Company are recorded as an increase in the Reserve for ESOP debt retirement. Interest incurred on the ESOP debt is recorded as Interest expense. Dividends on all preferred shares, net of related tax benefits, are charged to Retained earnings. The series A and B preferred shares of the ESOP are allocated to employees based on debt service requirements. The number of preferred shares outstanding at June 30 was as follows: Shares in thousands 2019 2018 2017 Allocated 31,600 34,233 36,488 Unallocated 3,259 4,117 5,060 TOTAL SERIES A 34,859 38,350 41,548 Allocated 26,790 25,895 25,378 Unallocated 26,471 28,512 30,412 TOTAL SERIES B 53,261 54,407 55,790 For purposes of calculating diluted net earnings per common share, the preferred shares held by the ESOP are considered converted from inception.

RISK MANAGEMENT ACTIVITIES AND

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS	12 Months Ended
	Jun. 30, 2019
Disclosure Text Block [Abstract]
Risk Management & Fair Value Measurement [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. We evaluate exposures on a centralized basis to take advantage of natural exposure correlation and netting. To the extent we choose to manage volatility associated with the net exposures, we enter into various financial transactions that we account for using the applicable accounting guidance for derivative instruments and hedging activities. These financial transactions are governed by our policies covering acceptable counterparty exposure, instrument types and other hedging practices. If the Company elects to do so and if the instrument meets certain specified accounting criteria, management designates derivative instruments as cash flow hedges, fair value hedges or net investment hedges. We record derivative instruments at fair value and the accounting for changes in the fair value depends on the intended use of the derivative, the resulting designation and the effectiveness of the instrument in offsetting the risk exposure it is designed to hedge. We generally have a high degree of effectiveness between the exposure being hedged and the hedging instrument. Credit Risk Management We have counterparty credit guidelines and normally enter into transactions with investment grade financial institutions, to the extent commercially viable. Counterparty exposures are monitored daily and downgrades in counterparty credit ratings are reviewed on a timely basis. We have not incurred, and do not expect to incur, material credit losses on our risk management or other financial instruments. Substantially all of the Company's financial instruments used in hedging transactions are governed by industry standard netting and collateral agreements with counterparties. If the Company's credit rating were to fall below the levels stipulated in the agreements, the counterparties could demand either collateralization or termination of the arrangements. The aggregate fair value of the instruments covered by these contractual features that are in a net liability position as of June 30, 2019 , was not material. The Company has not been required to post collateral as a result of these contractual features. Interest Rate Risk Management Our policy is to manage interest cost using a mixture of fixed-rate and variable-rate debt. To manage this risk in a cost-efficient manner, we enter into interest rate swaps whereby we agree to exchange with the counterparty, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to a notional amount. We designate certain interest rate swaps that meet specific accounting criteria as fair value hedges. For fair value hedges, the changes in the fair value of both the hedging instruments and the underlying debt obligations are immediately recognized in earnings. Historically, we had certain interest rate swaps designated as cash flow hedges. For the years ended June 30, 2019 and 2018 , we did not have any such contracts outstanding. Foreign Currency Risk Management We manufacture and sell our products and finance our operations in a number of countries throughout the world. As a result, we are exposed to movements in foreign currency exchange rates. We leverage the Company’s diversified portfolio of exposures as a natural hedge. In certain cases, we enter into non-qualifying foreign currency contracts to hedge certain balance sheet items subject to revaluation. The change in fair value of these instruments and the underlying exposure are both immediately recognized in earnings. To manage exchange rate risk related to our intercompany financing, we primarily use forward contracts and currency swaps. The change in fair value of these non-qualifying instruments is immediately recognized in earnings, substantially offsetting the foreign currency mark-to-market impact of the related exposure. Historically, we had utilized foreign currency swaps to offset the effect of exchange rate fluctuations on intercompany loans denominated in foreign currencies; these swaps were accounted for as cash flow hedges. For the years ended June 30, 2019 and 2018 , we did not have any such contracts outstanding. Net Investment Hedging We hedge certain net investment positions in foreign subsidiaries. To accomplish this, we either borrow directly in foreign currencies and designate all or a portion of the foreign currency debt as a hedge of the applicable net investment position or we enter into foreign currency swaps that are designated as hedges of net investments. Changes in the fair value of these instruments are recognized in the Foreign Currency Translation component of OCI and offset the change in the value of the net investment being hedged. The time value component of the net investment hedge currency swaps is excluded from the assessment of hedge effectiveness. Changes in the fair value of the swap, including changes in the fair value of the excluded time value component, are recognized in OCI and offset the value of the underlying net assets. The time value component is subsequently reported in income on a systematic basis. Commodity Risk Management Certain raw materials used in our products or production processes are subject to price volatility caused by weather, supply conditions, political and economic variables and other unpredictable factors. To manage the volatility related to anticipated purchases of certain of these materials, we have historically, on a limited basis, used futures and options with maturities generally less than one year and swap contracts with maturities up to five years . As of and during the years ended June 30, 2019 and 2018 , we did not have any commodity hedging activity. Insurance We self-insure for most insurable risks. However, we purchase insurance for Directors and Officers Liability and certain other coverage where it is required by law or by contract. Fair Value Hierarchy Accounting guidance on fair value measurements for certain financial assets and liabilities requires that financial assets and liabilities carried at fair value be classified and disclosed in one of the following categories: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs reflecting the reporting entity's own assumptions or external inputs from inactive markets. When applying fair value principles in the valuation of assets and liabilities, we are required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company has not changed its valuation techniques used in measuring the fair value of any financial assets or liabilities during the year. June 30, 2019 and 2018 that were measured at fair value on a recurring basis during the period: Fair Value Asset As of June 30 2019 2018 Investments: U.S. government securities $ 3,648 $ 5,544 Corporate bond securities 2,400 3,737 Other investments 169 141 TOTAL $ 6,217 $ 9,422 Investment securities are presented in Available-for-sale investment securities and Other noncurrent assets. The amortized cost of the U.S. government securities with maturities less than one year was $100 and $2,003 as of June 30, 2019 and 2018 , respectively. The amortized cost of the U.S. government securities with maturities between one and five years was $3,556 and $3,659 as of June 30, 2019 and 2018 , respectively. The amortized cost of corporate bond securities with maturities of less than a year was $1,347 and $1,291 as of June 30, 2019 and 2018 , respectively. The amortized cost of corporate bond securities with maturities between one and five years was $1,057 and $2,503 as of June 30, 2019 and 2018 , respectively. The Company's investments measured at fair value are generally classified as Level 2 within the fair value hierarchy. Within cash and cash equivalents, we have money market funds of $2,956 and $1,516 as of June 30, 2019 and 2018 , respectively. These funds are classified as Level 1 within the fair value hierarchy. There are no other 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 $25,378 and $23,402 as of June 30, 2019 and 2018 , respectively. This includes the current portion of debt instruments ( $3,390 and $1,769 as of June 30, 2019 and 2018 , respectively). Certain long-term debt (debt 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 June 30, 2019 and 2018 are as follows: Notional Amount Fair Value Asset Fair Value (Liability) As of June 30 2019 2018 2019 2018 2019 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 7,721 $ 4,587 $ 177 $ 125 $ (1 ) $ (53 ) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts $ 3,157 $ 1,848 $ 35 $ 41 $ (24 ) $ (75 ) TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS $ 10,878 $ 6,435 $ 212 $ 166 $ (25 ) $ (128 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 6,431 $ 7,358 $ 27 $ 30 $ (20 ) $ (56 ) TOTAL DERIVATIVES AT FAIR VALUE $ 17,309 $ 13,793 $ 239 $ 196 $ (45 ) $ (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 $7,860 and $4,639 as of June 30, 2019 and 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 $17,154 and $15,012 as of June 30, 2019 and 2018 , respectively. The increase in the notional balance of interest rate fair value hedges is due to additional swaps in the current period driven by the favorable Euro swap curve. The increase in the notional balance of the net investment hedges, including the debt instruments designated as net investment hedges, is primarily driven by the increase in foreign currency net assets as a result of the Merck acquisition. All of the Company's derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. 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. In addition, there was no significant activity within the Level 3 assets and liabilities during the periods presented. Except for the impairment of the Gillette indefinite-lived intangible asset discussed in Note 4, there were no significant assets or liabilities that were re-measured at fair value on a non-recurring basis during the years ended June 30, 2019 and 2018 . Before tax gains/(losses) on our financial instruments in hedging relationships are categorized as follows: Amount of Gain/(Loss) Recognized in OCI on Derivatives Years ended June 30 2019 2018 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2) Foreign currency interest rate contracts $ 47 $ (187 ) (1) For the derivatives in net investment hedging relationships, the amount of gain/(loss) excluded from effectiveness testing, which was recognized in earnings, was $70 and $138 for the fiscal year ended June 30, 2019 and 2018 , 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 $299 and $(391) , as of June 30, 2019 and 2018 , respectively. Amount of Gain/(Loss) Recognized in Earnings Years ended June 30 2019 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 104 $ (106 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 54 $ (1 ) The gain/(loss) on the derivatives in fair value hedging relationships is fully offset by the mark-to-market impact of the related exposure. These are both recognized in the Consolidated Statement of Earnings in Interest Expense. The gain/(loss) on derivatives not designated as hedging instruments is substantially offset by the currency mark-to-market of the related exposure. These are both recognized in the Consolidated Statements of Earnings in SG&A. To the extent we have any derivatives used for cash flow hedging relationships, the gain/(loss) reclassified from AOCI into earnings on such derivatives would be recognized in the same period during which the related item affects earnings, typically in SG&A.

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	12 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Debt Disclosure [Text Block]	SHORT-TERM AND LONG-TERM DEBT As of June 30 2019 2018 DEBT DUE WITHIN ONE YEAR Current portion of long-term debt $ 3,388 $ 1,772 Commercial paper 6,183 7,761 Other 126 890 TOTAL $ 9,697 $ 10,423 Short-term weighted average interest rates (1) 0.5 % 0.7 % (1) Short-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9. As of June 30 2019 2018 LONG-TERM DEBT 1.75% USD note due October 2019 $ 600 $ 600 1.90% USD note due November 2019 550 550 0.28% JPY note due May 2020 929 903 1.90% USD note due October 2020 600 600 4.13% EUR note due December 2020 682 698 9.36% ESOP debentures due 2019-2021 (1) 228 327 1.85% USD note due February 2021 600 600 1.70% USD note due November 2021 875 875 2.00% EUR note due November 2021 852 873 2.30% USD note due February 2022 1,000 1,000 2.15% USD note due August 2022 1,250 1,250 2.00% EUR note due August 2022 1,137 1,164 3.10% USD note due August 2023 1,000 1,000 1.13% EUR note due November 2023 1,421 1,455 0.50% EUR note due October 2024 568 582 0.63% EUR note due October 2024 909 — 2.70% USD note due February 2026 600 600 2.45% USD note due November 2026 875 875 4.88% EUR note due May 2027 1,137 1,164 2.85% USD note due August 2027 750 750 1.20% EUR note due October 2028 909 — 1.25% EUR note due October 2029 568 582 5.55% USD note due March 2037 763 763 1.88% EUR note due October 2038 568 — 3.50% USD note due October 2047 600 600 Capital lease obligations 33 107 All other long-term debt 3,779 4,717 Current portion of long-term debt (3,388 ) (1,772 ) TOTAL $ 20,395 $ 20,863 Long-term weighted average interest rates (2) 2.4 % 2.5 % (1) Debt issued by the ESOP is guaranteed by the Company and is recorded as debt of the Company, as discussed in Note 8. (2) Long-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9. Long-term debt maturities during the next five fiscal years are as follows: Years ending June 30 2020 2021 2022 2023 2024 Debt maturities $3,388 $2,009 $2,840 $2,465 $2,461 The Procter & Gamble Company fully and unconditionally guarantees the registered debt and securities issued by its 100% owned finance subsidiaries.

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Accumulated Other Comprehensive Income/(Loss) [Text Block]	ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) The table below presents the changes in Accumulated other comprehensive income/(loss) attributable to Procter & Gamble (AOCI), including the reclassifications out of AOCI by component: Changes in Accumulated Other Comprehensive Income/(Loss) by Component Investment Securities Pension and Other Retiree Benefits Foreign Currency Translation Total AOCI BALANCE at JUNE 30, 2017 $ (25 ) $ (4,397 ) $ (10,210 ) $ (14,632 ) OCI before reclassifications (1) (141 ) 74 (305 ) (372 ) Amounts reclassified from AOCI into the Consolidated Statement of Earnings (2) (7 ) 260 — 253 Net current period OCI (148 ) 334 (305 ) (119 ) Less: Other comprehensive income/(loss) attributable to non-controlling interests — (5 ) 3 (2 ) BALANCE at JUNE 30, 2018 (173 ) (4,058 ) (10,518 ) (14,749 ) OCI before reclassifications (3) 167 (43 ) (213 ) (89 ) Amounts reclassified from AOCI into the Consolidated Statement of Earnings (4) 17 212 — 229 Net current period OCI 184 169 (213 ) 140 Reclassification to retained earnings in accordance with ASU 2018-02 (5) — (308 ) (18 ) (326 ) Less: Other comprehensive income/(loss) attributable to non-controlling interests 1 — 1 BALANCE at JUNE 30, 2019 $ 11 $ (4,198 ) $ (10,749 ) $ (14,936 ) (1) Net of tax (benefit) / expense of $0 , $(23) and $(279) for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2018 . (2) Net of tax (benefit) / expense of $0 , $91 and $0 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2018 . (3) Net of tax (benefit) / expense of $0 , $(44) and $78 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2019 . (4) Net of tax (benefit) / expense of $0 , $66 , $0 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2019 . (5) Adjustment made to early adopt ASU 2018-02: "Reclassification of Certain Effects from Accumulated Other Comprehensive Income," as discussed in Note 1. The below provides additional details on amounts reclassified from AOCI into the Consolidated Statement 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 (see Note 8 for additional details). • Foreign currency translation: this number includes financial statement translation and net investment hedges. See Note 9 for classification of gains and losses from hedges in the Consolidated Statements of Earnings.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Commitments and Contingencies Disclosure [Text Block]	COMMITMENTS AND CONTINGENCIES Guarantees In conjunction with certain transactions, primarily divestitures, we may provide routine indemnifications (e.g., indemnification for representations and warranties and retention of previously existing environmental, tax and employee liabilities) for which terms range in duration and, in some circumstances, are not explicitly defined. The maximum obligation under some indemnifications is also not explicitly stated and, as a result, the overall amount of these obligations cannot be reasonably estimated. Other than obligations recorded as liabilities at the time of divestiture, we have not made significant payments for these indemnifications. We believe that if we were to incur a loss on any of these matters, the loss would not have a material effect on our financial position, results of operations or cash flows. In certain situations, we guarantee loans for suppliers and customers. The total amount of guarantees issued under such arrangements is not material. Off-Balance Sheet Arrangements We do not have off-balance sheet financing arrangements, including variable interest entities, that have a material impact on our financial statements. Purchase Commitments and Operating Leases We have purchase commitments for materials, supplies, services and property, plant and equipment as part of the normal course of business. Commitments made under take-or-pay obligations are as follows: Years ending June 30 2020 2021 2022 2023 2024 There-after Purchase obligations $ 633 $ 221 $ 176 $ 87 $ 106 $ 268 Such amounts represent minimum commitments under take-or-pay agreements with suppliers and are in line with expected usage. These amounts include purchase commitments related to service contracts for information technology, human resources management and facilities management activities that have been outsourced to third-party suppliers. Due to the proprietary nature of many of our materials and processes, certain supply contracts contain penalty provisions for early termination. We do not expect to incur penalty payments under these provisions that would materially affect our financial position, results of operations or cash flows. We also lease certain property and equipment for varying periods. Future minimum rental commitments under non-cancelable operating leases are as follows: Years ending June 30 2020 2021 2022 2023 2024 There-after Operating leases $ 255 $ 213 $ 162 $ 166 $ 134 $ 288 Litigation We are subject, from time to time, to certain legal proceedings and claims arising out of our business, which cover a wide range of matters, including antitrust and trade regulation, product liability, advertising, contracts, environmental, patent and trademark matters, labor and employment matters and tax. 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.

DISCONTINUED OPERATIONS

DISCONTINUED OPERATIONS	12 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Disposal Groups, Including Discontinued Operations, Disclosure [Text Block]	DISCONTINUED OPERATIONS During the year ended June 30, 2017, the Company completed the divestiture of four product categories to Coty, Inc. (“Coty”). The divestiture included 41 of the Company's beauty brands (“Beauty Brands”), including the global salon professional hair care and color, retail hair color, cosmetics and a majority of the fine fragrance businesses, along with select hair styling brands. The form of the divestiture transaction was a Reverse Morris Trust split-off, in which P&G shareholders were given the election to exchange their P&G shares for shares of a new corporation that held the Beauty Brands (Galleria Co.), and then immediately exchange those shares for Coty shares. The value P&G received in the transaction was $11.4 billion . The value was comprised of 105 million shares of common stock of the Company, which were tendered by shareholders of the Company and exchanged for the Galleria Co. shares, valued at approximately $9.4 billion , and the assumption of $1.9 billion of debt by Galleria Co. The shares tendered in the transaction were reflected as an addition to treasury stock and the cash received related to the debt assumed by Coty was reflected as an investing activity in the Consolidated Statement of Cash Flows. The Company recorded an after-tax gain on the final transaction of $5.3 billion , net of transaction and related costs. Two of the fine fragrance brands, Dolce & Gabbana and Christina Aguilera, were excluded from the divestiture. These brands were subsequently divested at amounts that approximated their adjusted carrying values. Beauty Brands Years ended June 30 2017 Net sales $ 1,159 Cost of products sold 450 Selling, general and administrative expense 783 Interest expense 14 Other non-operating income/(expense), net 16 Loss from discontinued operations before income taxes (72 ) Income taxes on discontinued operations 46 Gain on sale of business before income taxes 5,197 Income tax expense/(benefit) on sale of business (1) (138 ) Net earnings from discontinued operations $ 5,217 (1) The income tax benefit of the Beauty Brands divestiture represents the reversal of underlying deferred tax balances partially offset by current tax expense related to the transaction. The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands: Beauty Brands Years ended June 30 2017 NON-CASH OPERATING ITEMS Depreciation and amortization $ 24 Deferred income tax benefit (649 ) Gain on sale of businesses 5,210 Net increase in accrued taxes 93 CASH FLOWS FROM OPERATING ACTIVITIES Cash taxes paid $ 418 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures $ 38

ACQUISITION ACQUISITION

ACQUISITION ACQUISITION	12 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Business Combination Disclosure [Text Block]	On November 30, 2018, we completed our acquisition of the over the counter (OTC) healthcare business of Merck KGaA (Merck OTC) for $3.7 billion (based on exchange rates at the time of closing) in an all-cash transaction. This business primarily sells OTC consumer healthcare products, mainly in Europe, Latin America and Asia markets. The results of Merck OTC, which are not material to the Company, are reported in our consolidated financial statements beginning December 1, 2018. The following table presents the preliminary allocation of purchase price related to the Merck OTC business as of the date of acquisition. The preliminary allocation of the purchase price is based on the best estimates of management and is subject to revision based on final determination of fair values of the assets and liabilities acquired, which will be completed as we complete our analysis of the underlying assets and acquired liabilities, such as pensions, litigation cases, environmental issues, and tax positions. Amounts in millions November 30, 2018 Current assets $ 419 Property, plant and equipment 121 Intangible assets 2,143 Goodwill 2,138 Other non-current assets 143 Total Assets Acquired $ 4,964 Current liabilities $ 233 Deferred income taxes 767 Non-current liabilities 87 Total Liabilities Acquired $ 1,087 Noncontrolling Interest (1) $ 169 Net Assets Acquired $ 3,708 (1) Represents a 48% minority ownership interest in the Merck India company. We have preliminarily estimated the fair value of Merck OTC’s identifiable intangible assets as $2.1 billion . The preliminary allocation of identifiable intangible assets and their average useful lives is as follows: Amounts in millions Estimated Fair Value Avg Remaining Intangible Assets with Determinable Lives Brands $ 701 14 Patents and technology 162 10 Customer relationships 334 20 Total $ 1,197 15 Intangible Assets with Indefinite Lives Brands 946 Total Intangible Assets $ 2,143 The majority of the intangible valuation relates to brand intangibles. Our preliminary assessment as to brand intangibles that have an indefinite life and those that have a definite life was based on a number of factors, including competitive environment, market share, brand history, product life cycles, operating plan and the macroeconomic environment of the countries in which the brands are sold. The indefinite-lived brand intangibles include Neurobion and Dolo Neurobion. The definite-lived brand intangibles primarily include regional or local brands. The definite-lived brand intangibles have estimated lives ranging from 10 to 20 years. The technology intangibles are related to R&D and manufacturing know-how; these intangibles have a 10 -year estimated life. The customer relationships intangibles have a 20 -year estimated life and reflect the historical and projected attrition rates for Merck OTC’s relationships with health care professionals, retailers and distributors. The acquisition resulted in $2.1 billion in goodwill, of which approximately $180 million

QUARTERLY RESULTS (UNAUDITED)

QUARTERLY RESULTS (UNAUDITED)	12 Months Ended
	Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]
Quarterly Financial Information [Text Block]	QUARTERLY RESULTS (UNAUDITED) Quarters Ended Sep 30 Dec 31 Mar 31 Jun 30 Total Year NET SALES 2018-2019 $ 16,690 $ 17,438 $ 16,462 $ 17,094 $ 67,684 2017-2018 16,653 17,395 16,281 16,503 66,832 OPERATING INCOME 2018-2019 3,554 3,896 3,229 (5,192 ) 5,487 2017-2018 3,648 3,919 3,209 2,587 13,363 GROSS MARGIN 2018-2019 49.2 % 48.9 % 48.8 % 47.7 % 48.6 % 2017-2018 50.3 % 49.9 % 48.5 % 45.0 % 48.5 % NET EARNINGS/(LOSS): Net earnings/(loss) 2018-2019 3,211 3,216 2,776 (5,237 ) 3,966 2017-2018 2,870 2,561 2,540 1,890 9,861 Net earnings/(loss) attributable to Procter and Gamble 2018-2019 3,199 3,194 2,745 (5,241 ) 3,897 2017-2018 2,853 2,495 2,511 1,891 9,750 DILUTED NET EARNINGS/(LOSS) PER COMMON SHARE (1) (2) 2018-2019 $ 1.22 $ 1.22 $ 1.04 $ (2.12 ) $ 1.43 2017-2018 1.06 0.93 0.95 0.72 3.67 (1) Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble. (2) Diluted net earnings/(loss) per share in each quarter is computed using the weighted average number of shares outstanding during that quarter while Diluted net earnings/(loss) per share for the full year is computed using the weighted average number of shares outstanding during the year. In the quarter ended June 30, 2019, the Company reported a Net loss attributable to P&G, driven by the Shave Care impairment charges discussed in Note 4. This caused certain of our equity instruments to be antidilutive for the full year (preferred shares) and for the quarter ended June 30, 2019 (preferred shares and equity awards). Because these securities were dilutive during the first three quarters of this fiscal year, the sum of the four quarters' Diluted net earnings/(loss) per share will not equal the full-year Diluted net earnings per common share.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2019
Accounting Policies [Abstract]
Nature of Operations	Nature of Operations The Procter & Gamble Company's (the "Company," "Procter & Gamble," "we" or "us") business is focused on providing branded consumer packaged goods of superior quality and value. Our products are sold in more than 180 countries and territories primarily through mass merchandisers, e-commerce, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, baby stores, specialty beauty stores, high-frequency stores and pharmacies. We have on-the-ground operations in approximately 70 countries.
Basis of Presentation	Basis of Presentation The Consolidated Financial Statements include the Company and its controlled subsidiaries. Intercompany transactions are eliminated. Because of a lack of control over Venezuela subsidiaries caused by a number of currency and other operating controls and restrictions, our Venezuelan subsidiaries are not consolidated for any year presented. We account for those subsidiaries using the cost method of accounting.
Use of Estimates	Use of Estimates Preparation of financial statements in conformity with accounting principles generally accepted in the United States of America (U.S. GAAP) requires management to make estimates and assumptions that affect the amounts reported in the Consolidated Financial Statements and accompanying disclosures. These estimates are based on management's best knowledge of current events and actions the Company may undertake in the future. Estimates are used in accounting for, among other items, consumer and trade promotion accruals, restructuring reserves, pensions, post-employment benefits, stock options, valuation of acquired intangible assets, useful lives for depreciation and amortization of long-lived assets, future cash flows associated with impairment testing for goodwill, indefinite-lived intangible assets and other long-lived assets, deferred tax assets and liabilities, uncertain income tax positions and contingencies. Actual results may ultimately differ from estimates, although management does not generally believe such differences would materially affect the financial statements in any individual year. However, in regard to ongoing impairment testing of goodwill and indefinite-lived intangible assets, significant deterioration in future cash flow projections or other assumptions used in estimating fair values versus those anticipated at the time of the initial valuations, could result in impairment charges that materially affect the financial statements in a given year.
Revenue Recognition	Revenue Recognition Our revenue is primarily generated from the sale of finished product to customers. Those sales predominantly contain a single performance obligation and revenue is recognized at a single point in time when ownership, risks and rewards transfer, which can be on the date of shipment or the date of receipt by the customer. A provision for payment discounts and product return allowances is recorded as a reduction of sales in the same period the revenue is recognized. The revenue recorded is presented net of sales and other taxes we collect on behalf of governmental authorities. The revenue includes shipping and handling costs, which generally are included in the list price to the customer. Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are offered through various programs to customers and consumers. Sales are recorded net of trade promotion spending, which is recognized as incurred at the time of the sale. Most of these arrangements have terms of approximately one year. Accruals for expected payouts under these programs are included as accrued marketing and promotion in the Accrued and other liabilities line item in the Consolidated Balance Sheets.
Cost of Products Sold	Cost of Products Sold Cost of products sold is primarily comprised of direct materials and supplies consumed in the manufacturing of product, as well as manufacturing labor, depreciation expense and direct overhead expense necessary to acquire and convert the purchased materials and supplies into finished product. Cost of products sold also includes the cost to distribute products to customers, inbound freight costs, internal transfer costs, warehousing costs and other shipping and handling activity.
Selling, General and Administrative Expense	Selling, General and Administrative Expense Selling, general and administrative expense (SG&A) is primarily comprised of marketing expenses, selling expenses, research and development costs, administrative and other indirect overhead costs, depreciation and amortization expense on non-manufacturing assets and other miscellaneous operating items. Research and development costs are charged to expense as incurred and were $1.9 billion in 2019 , $1.9 billion in 2018 and $1.9 billion in 2017 (reported in Net earnings from continuing operations). Advertising costs, charged to expense as incurred, include worldwide television, print, radio, internet and in-store advertising expenses and were $6.8 billion in 2019 , $7.1 billion in 2018 and $7.1 billion in 2017 (reported in Net earnings from continuing operations). Non-advertising related components of the Company's total marketing spending reported in SG&A include costs associated with consumer promotions, product sampling and sales aids.
Other Non-Operating Income/(Expense), Net	Other Non-Operating Income/(Expense), Net Other non-operating income/(expense), net primarily includes net acquisition and divestiture gains, non-service components of net defined benefit costs, investment income and other non-operating items.
Currency Translation	Currency Translation Financial statements of operating subsidiaries outside the U.S. generally are measured using the local currency as the functional currency. Adjustments to translate those statements into U.S. dollars are recorded in Other comprehensive income (OCI). For subsidiaries operating in highly inflationary economies, the U.S. dollar is the functional currency. Re-measurement adjustments for financial statements in highly inflationary economies and other transactional exchange gains and losses are reflected in earnings.
Cash Flow Presentation	Cash Flow Presentation The Consolidated Statements of Cash Flows are prepared using the indirect method, which reconciles net earnings to cash flow from operating activities. Cash flows from foreign currency transactions and operations are translated at an average exchange rate for the period. Cash flows from hedging activities are included in the same category as the items being hedged. Cash flows from derivative instruments designated as net investment hedges are classified as financing activities. Realized gains and losses from non-qualifying derivative instruments used to hedge currency exposures resulting from intercompany financing transactions are also classified as financing activities. Cash flows from other derivative instruments used to manage interest rates, commodity or other currency exposures are classified as operating activities. Cash payments related to income taxes are classified as operating activities. Cash flows from the Company's discontinued operations are included in the Consolidated Statements of Cash Flows. See Note 13 for significant cash flow items related to discontinued operations.
Investments	Investments Investment securities primarily consist of readily marketable debt securities. Unrealized gains or losses from investments classified as trading, if any, are charged to earnings. Unrealized gains or losses on debt securities classified as available-for-sale are recorded in OCI. If an available-for-sale security is other than temporarily impaired, the loss is charged to either earnings or OCI depending on our intent and ability to retain the security until we recover the full cost basis and the extent of the loss attributable to the creditworthiness of the issuer. Investment securities are included as Available-for-sale investment securities and Other noncurrent assets in the Consolidated Balance Sheets. Investments in certain companies over which we exert significant influence, but do not control the financial and operating decisions, are accounted for as equity method investments. Other investments that are not controlled, and over which we do not have the ability to exercise significant influence, are accounted for under the cost method. Both equity and cost method investments are included as Other noncurrent assets in the Consolidated Balance Sheets.
Inventory Valuation	Inventory Valuation Inventories are valued at the lower of cost or market value. Product-related inventories are maintained on the first-in, first-out method. The cost of spare part inventories is maintained using the average-cost method.
Property, Plant and Equipment	Property, Plant and Equipment Property, plant and equipment is recorded at cost reduced by accumulated depreciation. Depreciation expense is recognized over the assets' estimated useful lives using the straight-line method. Machinery and equipment includes office furniture and fixtures ( 15 -year life), computer equipment and capitalized software ( 3 - to 5 -year lives) and manufacturing equipment ( 3 - to 20 -year lives). Buildings are depreciated over an estimated useful life of 40 years. Estimated useful lives are periodically reviewed and, when appropriate, changes are made prospectively. When certain events or changes in operating conditions occur, asset lives may be adjusted and an impairment assessment may be performed on the recoverability of the carrying amounts.
Goodwill and Other Intangible Assets	Goodwill and Other Intangible Assets Goodwill and indefinite-lived intangible assets are not amortized, but are evaluated for impairment annually or more often if indicators of a potential impairment are present. Our annual impairment testing of goodwill is performed separately from our impairment testing of indefinite-lived intangible assets. We have acquired brands that have been determined to have indefinite lives. Those assets are evaluated annually for impairment. We evaluate a number of factors to determine whether an indefinite life is appropriate, including the competitive environment, market share, brand history, underlying product life cycles, operating plans and the macroeconomic environment of the countries in which the brands are sold. In addition, when certain events or changes in operating conditions occur, an additional impairment assessment is performed and indefinite-lived assets may be adjusted to a determinable life. The cost of intangible assets with determinable useful lives is amortized to reflect the pattern of economic benefits consumed, either on a straight-line or accelerated basis over the estimated periods benefited. Patents, technology and other intangible assets with contractual terms are generally amortized over their respective legal or contractual lives. Customer relationships, brands and other non-contractual intangible assets with determinable lives are amortized over periods generally ranging from 5 to 30 years. When certain events or changes in operating conditions occur, an impairment assessment is performed and remaining lives of intangible assets with determinable lives may be adjusted. For additional details on goodwill and intangible assets see Note 4.
Fair Values of Financial Instruments	Fair Values of Financial Instruments Certain financial instruments are required to be recorded at fair value. Changes in assumptions or estimation methods could affect the fair value estimates; however, we do not believe any such changes would have a material impact on our financial condition, results of operations or cash flows. Other financial instruments, including cash equivalents, certain investments and short-term debt, are recorded at cost, which approximates fair value. The fair values of long-term debt and financial instruments are disclosed in Note 9.
New Accounting Pronouncements and Policies	New Accounting Pronouncements and Policies 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 accelerated the accrual timing for certain portions of our customer and consumer promotional spending, which resulted in a cumulative reduction 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 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 $309 for the year ended June 30, 2018, with no impact to operating income. We elected certain practical expedients included in the guidance related to shipping and handling costs, which was not 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. On July 1, 2018, we adopted 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 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. On July 1, 2018, we early adopted 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/(loss) (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 reclassification from the adoption of this standard resulted in an increase of $326 to Retained earnings and a decrease of $326 to AOCI. On July 1, 2018, we adopted ASU 2016-16, "Income Taxes (Topic 740): Intra-Entity transfers of Assets other than Inventory." We adopted this standard on a modified retrospective basis. 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. 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. In July 2018, the FASB issued ASU 2018-11, “Leases (Topic 842) Targeted Improvements”. The updated guidance provides an optional transition method, which allows for the application of the standard as of the adoption date with no restatement of prior period amounts. We plan to adopt the standard on July 1, 2019 under the optional transition method described above. We are currently in the process of implementing lease accounting software as well as assessing the impact that the new standard will have on our Consolidated Financial Statements. The impact of the standard will consist primarily of a balance sheet gross up of our operating leases to show equal and offsetting lease assets and lease liabilities. Subject to the completion of our assessment, we expect the adoption of the standard to result in an increase to our total assets of approximately 1% . 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.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2019
Revenues from External Customers and Long-Lived Assets [Line Items]
Schedule of Revenue from External Customers and Long-Lived Assets, by Geographical Areas [Table Text Block]	Net sales and long-lived assets in the United States and internationally were as follows (in billions): Years ended June 30 2019 2018 2017 NET SALES United States $ 28.6 $ 27.3 $ 27.3 International $ 39.1 $ 39.5 $ 37.8 LONG-LIVED ASSETS (1) United States $ 10.0 $ 9.7 $ 8.8 International $ 11.3 $ 10.9 $ 11.1 (1)
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Nine business units individually accounted for 5% or more of consolidated net sales as follows: % of Sales by Business Unit (1) Years ended June 30 2019 2018 2017 Fabric Care 22% 22% 22% Baby Care 12% 13% 14% Hair Care 10% 10% 10% Home Care 10% 10% 10% Skin and Personal Care 10% 9% 8% Family Care 9% 8% 8% Oral Care 8% 8% 8% Shave Care 8% 8% 9% Feminine Care 6% 6% 6% All Other 5% 6% 5% TOTAL 100% 100% 100% (1) % of sales by business unit excludes sales held in Corporate. Global Segment Results Net Sales Earnings/(Loss) from Continuing Operations Before Income Taxes Net Earnings/(Loss) from Continuing Operations Depreciation and Amortization Total Assets Capital Expenditures BEAUTY 2019 $ 12,897 $ 3,282 $ 2,637 $ 272 $ 5,362 $ 634 2018 12,406 3,042 2,320 236 4,709 766 2017 11,429 2,546 1,914 220 4,184 599 GROOMING 2019 6,199 1,777 1,529 429 20,882 367 2018 6,551 1,801 1,432 447 22,609 364 2017 6,642 1,985 1,537 433 22,759 341 HEALTH CARE 2019 8,218 1,984 1,519 294 7,708 363 2018 7,857 1,922 1,283 230 5,254 330 2017 7,513 1,898 1,280 209 5,194 283 FABRIC & HOME CARE 2019 22,080 4,601 3,518 557 7,620 984 2018 21,441 4,191 2,708 534 7,295 1,020 2017 20,717 4,249 2,713 513 6,886 797 BABY, FEMININE & FAMILY CARE 2019 17,806 3,593 2,734 861 9,271 819 2018 18,080 3,527 2,251 899 9,682 1,016 2017 18,252 3,868 2,503 874 9,920 1,197 CORPORATE (1) 2019 484 (9,168 ) (7,971 ) 411 64,252 180 2018 497 (1,157 ) (133 ) 488 68,761 221 2017 505 (1,289 ) 247 571 71,463 167 TOTAL COMPANY 2019 $ 67,684 $ 6,069 $ 3,966 $ 2,824 $ 115,095 $ 3,347 2018 66,832 13,326 9,861 2,834 118,310 3,717 2017 65,058 13,257 10,194 2,820 120,406 3,384 (1) The Corporate reportable segment includes the $8.3 billion one-time, non-cash before-tax ( $8.0 billion

SUPPLEMENTAL FINANCIAL INFORM_2

SUPPLEMENTAL FINANCIAL INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2019
Disclosure Text Block [Abstract]
Property, Plant and Equipment [Table Text Block]	The components of property, plant and equipment were as follows: As of June 30 2019 2018 PROPERTY, PLANT AND EQUIPMENT Buildings $ 7,746 $ 7,188 Machinery and equipment 32,263 30,595 Land 805 841 Construction in progress 2,579 3,223 TOTAL PROPERTY, PLANT AND EQUIPMENT 43,393 41,847 Accumulated depreciation (22,122 ) (21,247 ) PROPERTY, PLANT AND EQUIPMENT, NET $ 21,271 $ 20,600
Other Liabilities [Table Text Block]	Selected components of current and noncurrent liabilities were as follows: As of June 30 2019 2018 ACCRUED AND OTHER LIABILITIES - CURRENT Marketing and promotion $ 4,299 $ 3,208 Compensation expenses 1,623 1,298 Restructuring reserves 468 513 Taxes payable 341 268 Other 2,323 2,183 TOTAL $ 9,054 $ 7,470 OTHER NONCURRENT LIABILITIES Pension benefits $ 5,622 $ 4,768 Other postretirement benefits 1,098 1,495 Uncertain tax positions 472 581 U.S. Tax Act transitional tax payable 2,343 2,654 Other 676 666 TOTAL $ 10,211 $ 10,164
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table presents restructuring activity for the years ended June 30, 2019 and 2018 : Amounts in millions Separations Asset-Related Costs Other Total RESERVE JUNE 30, 2017 $ 228 $ — $ 49 $ 277 Charges 310 366 394 1,070 Cash spent (279 ) — (189 ) (468 ) Charges against assets — (366 ) — (366 ) RESERVE JUNE 30, 2018 259 — 254 513 Charges 260 252 242 754 Cash spent (239 ) — (308 ) (547 ) Charges against assets — (252 ) — (252 ) RESERVE JUNE 30, 2019 $ 280 $ — $ 188 $ 468
Restructuring and Related Costs [Table Text Block]	However, for informative purposes, the following table summarizes the total restructuring costs related to our reportable segments: Years ended June 30 2019 2018 2017 Beauty $ 49 $ 60 $ 90 Grooming 65 38 45 Health Care 23 21 15 Fabric & Home Care 84 115 144 Baby, Feminine & Family Care 226 547 231 Corporate (1) 307 289 229 Total Company $ 754 $ 1,070 $ 754 (1) Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities, along with costs related to discontinued operations from our Beauty Brands business in 2017.

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2019
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Goodwill [Table Text Block]	The change in the net carrying amount of goodwill by reportable segment was as follows: Beauty Grooming Health Care Fabric & Home Care Baby, Feminine & Family Care Corporate Total Company Balance at June 30, 2017 - Net (1) $ 12,791 $ 19,627 $ 5,878 $ 1,857 $ 4,546 $ — $ 44,699 Acquisitions and divestitures 82 — — — — — 82 Translation and other 119 193 51 8 23 — 394 Balance at June 30, 2018 - Net (1) 12,992 19,820 5,929 1,865 4,569 — 45,175 Acquisitions and divestitures 132 — 2,084 6 57 — 2,279 Goodwill impairment charges — (6,783 ) — — — — (6,783 ) Translation and other (139 ) (156 ) (41 ) (16 ) (46 ) — (398 ) Balance at June 30, 2019 - Net (1) $ 12,985 $ 12,881 $ 7,972 $ 1,855 $ 4,580 $ — $ 40,273 (1) Grooming goodwill balance is net of $1.2 billion accumulated impairment losses as of June 30, 2017 and 2018 and $7.9 billion
Intangible Assets Disclosure [Text Block]	Identifiable intangible assets were comprised of: 2019 2018 As of June 30 Gross Carrying Amount Accumulated Amortization Gross Carrying Amount Accumulated Amortization INTANGIBLE ASSETS WITH DETERMINABLE LIVES Brands $ 3,836 $ (2,160 ) $ 3,146 $ (2,046 ) Patents and technology 2,776 (2,434 ) 2,617 (2,350 ) Customer relationships 1,787 (691 ) 1,372 (616 ) Other 145 (91 ) 241 (144 ) TOTAL $ 8,544 $ (5,376 ) $ 7,376 $ (5,156 ) INTANGIBLE ASSETS WITH INDEFINITE LIVES Brands 21,047 — 21,682 — TOTAL $ 29,591 $ (5,376 ) $ 29,058 $ (5,156 )
Schedule of Amortization Expense [Table Text Block]	Amortization expense of intangible assets was as follows: Years ended June 30 2019 2018 2017 Intangible asset amortization $ 349 $ 302 $ 325
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated amortization expense over the next five fiscal years is as follows: Years ending June 30 2020 2021 2022 2023 2024 Estimated amortization expense $ 359 $ 309 $ 290 $ 278 $ 267

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2019
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Earnings from continuing operations before income taxes consisted of the following: Years ended June 30 2019 2018 2017 United States $ 1,659 $ 9,277 $ 9,031 International 4,410 4,049 4,226 TOTAL $ 6,069 $ 13,326 $ 13,257
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Income taxes on continuing operations consisted of the following: Years ended June 30 2019 2018 2017 CURRENT TAX EXPENSE U.S. federal $ 1,064 $ 3,965 $ 1,531 International 1,259 1,131 1,243 U.S. state and local 191 213 241 2,514 5,309 3,015 DEFERRED TAX EXPENSE U.S. federal (296 ) (1,989 ) 28 International and other (115 ) 145 20 (411 ) (1,844 ) 48 TOTAL TAX EXPENSE $ 2,103 $ 3,465 $ 3,063
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	A reconciliation of the U.S. federal statutory income tax rate to our actual income tax rate on continuing operations is provided below: Years ended June 30 2019 2018 2017 U.S. federal statutory income tax rate 21.0 % 28.1 % 35.0 % Country mix impacts of foreign operations (0.5 )% (4.7 )% (6.8 )% Changes in uncertain tax positions (0.3 )% (0.3 )% (2.0 )% Excess tax benefits from the exercise of stock options (3.8 )% (0.4 )% (1.3 )% Goodwill impairment 22.8 % — % — % Net transitional impact of U.S. Tax Act — % 4.5 % — % Other (4.5 )% (1.2 )% (1.8 )% EFFECTIVE INCOME TAX RATE 34.7 % 26.0 % 23.1 %
Summary of Income Tax Contingencies [Table Text Block]	A reconciliation of the beginning and ending liability for uncertain tax positions is as follows: Years ended June 30 2019 2018 2017 BEGINNING OF YEAR $ 470 $ 465 $ 857 Increases in tax positions for prior years 85 26 87 Decreases in tax positions for prior years (94 ) (38 ) (147 ) Increases in tax positions for current year 71 87 75 Settlements with taxing authorities (37 ) (45 ) (381 ) Lapse in statute of limitations (27 ) (20 ) (22 ) Currency translation (2 ) (5 ) (4 ) END OF YEAR $ 466 $ 470 $ 465
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]	Deferred income tax assets and liabilities were comprised of the following: As of June 30 2019 2018 DEFERRED TAX ASSETS Pension and postretirement benefits $ 1,591 $ 1,478 Loss and other carryforwards 1,007 1,067 Stock-based compensation 421 476 Fixed assets 232 223 Accrued marketing and promotion 334 223 Unrealized loss on financial and foreign exchange transactions 73 61 Inventory 41 35 Accrued interest and taxes 15 17 Advance payments — 4 Other 931 699 Valuation allowances (442 ) (457 ) TOTAL $ 4,203 $ 3,826 DEFERRED TAX LIABILITIES Goodwill and intangible assets $ 6,506 $ 6,168 Fixed assets 1,413 1,276 Foreign withholding tax on earnings to be repatriated 239 244 Unrealized gain on financial and foreign exchange transactions 147 169 Other 351 161 TOTAL $ 8,656 $ 8,018

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Jun. 30, 2019
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net earnings per share were calculated as follows: Years ended June 30 2019 2018 2017 CONSOLIDATED AMOUNTS Total Total Continuing Operations Discontinued Operations Total Net earnings $ 3,966 $ 9,861 $ 10,194 $ 5,217 $ 15,411 Less: Net earnings attributable to noncontrolling interests 69 111 85 — 85 Net earnings attributable to P&G 3,897 9,750 10,109 5,217 15,326 Less: Preferred dividends, net of tax 263 265 247 — 247 Net earnings attributable to P&G available to common shareholders (Basic) $ 3,634 $ 9,485 $ 9,862 $ 5,217 $ 15,079 Net earnings attributable to P&G available to common shareholders (Diluted) $ 3,634 $ 9,750 $ 10,109 $ 5,217 $ 15,326 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,503.6 2,529.3 2,598.1 2,598.1 2,598.1 Add: Effect of dilutive securities Impact of stock options and other unvested equity awards (1) 35.9 32.5 43.0 43.0 43.0 Conversion of preferred shares (2) — 94.9 99.3 99.3 99.3 Diluted weighted average common shares outstanding 2,539.5 2,656.7 2,740.4 2,740.4 2,740.4 NET EARNINGS PER SHARE (3) Basic $ 1.45 $ 3.75 $ 3.79 $ 2.01 $ 5.80 Diluted $ 1.43 $ 3.67 $ 3.69 $ 1.90 $ 5.59 (1) Weighted average outstanding stock options of approximately 13 million in 2019 , 48 million in 2018 and 20 million in 2017 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 assumed proceeds upon exercise would have exceeded the market value of the underlying common shares). (2) Despite being included 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. In fiscal year 2019, weighted average outstanding preferred shares of 90 million were not included in the Diluted net earnings per share calculation because to do so would have been antidilutive, due to lower Net earnings driven by the Shave Care impairment charges (see Note 4). (3) Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 30, 2019
Disclosure of Compensation Related Costs, Share-based Payments [Abstract]
Share-based Compensation, Activity [Table Text Block]	Total expense and related tax benefit were as follows: Years ended June 30 2019 2018 2017 (1) Stock options $ 246 $ 220 $ 216 RSUs and PSUs 269 175 150 Total stock-based expense $ 515 $ 395 $ 366 Income tax benefit $ 101 $ 87 $ 111 (1) Includes amounts related to discontinued operations, which are not material.
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	The following table provides additional information on stock options: Years ended June 30 2019 2018 2017 Weighted average grant-date fair value of options granted $ 13.60 $ 11.89 $ 10.45 Intrinsic value of options exercised 1,770 500 1,334 Grant-date fair value of options that vested 180 209 246 Cash received from options exercised 3,381 1,245 2,630 Actual tax benefit from options exercised 221 127 421 Years ended June 30 2019 2018 2017 Interest rate 2.5 - 2.7 % 1.9 - 2.9 % 0.8 - 2.6 % Weighted average interest rate 2.6 % 2.8 % 2.6 % Dividend yield 3.0 % 3.1 % 3.2 % Expected volatility 17 % 18 % 15 % Expected life in years 9.2 9.2 9.6
Share-based Compensation, Stock Options, Activity [Table Text Block]	A summary of options outstanding under the plans as of June 30, 2019 and activity during the year then ended is presented below: Options Options (in thousands) Weighted Average Exercise Price Weighted Average Contract-ual Life in Years Aggregate Intrinsic Value Outstanding, beginning of year 205,654 $ 74.21 Granted 13,451 95.78 Exercised (53,670 ) 62.99 Forfeited/expired (694 ) 81.58 OUTSTANDING, END OF YEAR 164,741 $ 79.59 5.6 $ 4,951 EXERCISABLE 110,504 $ 75.07 4.2 $ 3,822
Schedule of Nonvested Share Activity [Table Text Block]	A summary of non-vested RSUs and PSUs outstanding under the plans as of June 30, 2019 and activity during the year then ended is presented below: RSUs PSUs RSU and PSU awards Units (in thousands) Weighted Average Grant Date Fair Value Units (in thousands) Weighted Average Grant Date Fair Value Non-vested at July 1, 2018 5,376 $ 77.17 1,385 $ 84.08 Granted 1,970 96.74 555 112.83 Vested (1,685 ) 78.40 (642 ) 91.40 Forfeited (168 ) 79.67 (3 ) 92.72 Non-vested at June 30, 2019 5,493 $ 84.00 1,295 $ 92.98

POSTRETIREMENT BENEFITS AND E_2

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	12 Months Ended
	Jun. 30, 2019
Retirement Benefits [Abstract]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]	The following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans: Pension Benefits (1) Other Retiree Benefits (2) Years ended June 30 2019 2018 2019 2018 CHANGE IN BENEFIT OBLIGATION Benefit obligation at beginning of year (3) $ 15,658 $ 16,160 $ 4,778 $ 5,187 Service cost 259 280 101 112 Interest cost 339 348 187 177 Participants' contributions 12 13 76 73 Amendments 9 12 — (231 ) Net actuarial loss/(gain) 1,587 (722 ) 37 (308 ) Acquisitions/(divestitures) 49 — — — Special termination benefits 13 8 8 7 Currency translation and other (283 ) 148 20 5 Benefit payments (606 ) (589 ) (243 ) (244 ) BENEFIT OBLIGATION AT END OF YEAR (3) $ 17,037 $ 15,658 $ 4,964 $ 4,778 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 11,267 $ 10,829 $ 3,259 $ 3,831 Actual return on plan assets 739 553 1,918 (481 ) Acquisitions/(divestitures) 4 — — — Employer contributions 178 406 31 33 Participants' contributions 12 13 76 73 Currency translation and other (212 ) 55 (1 ) (3 ) ESOP debt impacts (4) — — 56 50 Benefit payments (606 ) (589 ) (243 ) (244 ) FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 11,382 $ 11,267 $ 5,096 $ 3,259 FUNDED STATUS $ (5,655 ) $ (4,391 ) $ 132 $ (1,519 ) (1) Primarily non-U.S.-based defined benefit retirement plans. (2) Primarily U.S.-based other postretirement benefit plans. (3) For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation. (4) Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits.
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]	The underfunding of pension benefits is primarily a function of the different funding incentives that exist outside of the U.S. In certain countries, there are no legal requirements or financial incentives provided to companies to pre-fund pension obligations prior to their due date. In these instances, benefit payments are typically paid directly from the Company's cash as they become due. Pension Benefits Other Retiree Benefits As of June 30 2019 2018 2019 2018 CLASSIFICATION OF NET AMOUNT RECOGNIZED Noncurrent assets $ 19 $ 420 $ 1,257 $ — Current liabilities (52 ) (43 ) (27 ) (24 ) Noncurrent liabilities (5,622 ) (4,768 ) (1,098 ) (1,495 ) NET AMOUNT RECOGNIZED $ (5,655 ) $ (4,391 ) $ 132 $ (1,519 ) AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI) Net actuarial loss $ 5,062 $ 3,787 $ 874 $ 2,366 Prior service cost/(credit) 214 244 (424 ) (478 ) NET AMOUNTS RECOGNIZED IN AOCI $ 5,276 $ 4,031 $ 450 $ 1,888
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]	Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit obligations in excess of plan assets consisted of the following: Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets Projected Benefit Obligation Exceeds the Fair Value of Plan Assets As of June 30 2019 2018 2019 2018 Projected benefit obligation $ 11,604 $ 8,467 $ 16,304 $ 8,962 Accumulated benefit obligation 10,711 7,573 15,096 7,974 Fair value of plan assets 6,026 3,740 10,630 4,150
Schedule of Net Benefit Costs [Table Text Block]	Components of the net periodic benefit cost were as follows: Pension Benefits Other Retiree Benefits Years ended June 30 2019 2018 2017 2019 2018 2017 AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST Service cost $ 259 $ 280 $ 310 (1) $ 101 $ 112 $ 133 (1) Interest cost 339 348 300 187 177 175 Expected return on plan assets (732 ) (751 ) (675 ) (447 ) (451 ) (431 ) Amortization of net actuarial loss 225 295 375 66 69 122 Amortization of prior service cost/(credit) 26 28 28 (48 ) (41 ) (45 ) Amortization of net actuarial loss/prior service cost due to settlements and curtailments 9 — 186 (2) — — 16 (2) Special termination benefits 13 8 4 8 7 21 (2) GROSS BENEFIT COST/(CREDIT) 139 208 528 (133 ) (127 ) (9 ) Dividends on ESOP preferred stock — — — (28 ) (37 ) (45 ) NET PERIODIC BENEFIT COST/(CREDIT) $ 139 $ 208 $ 528 $ (161 ) $ (164 ) $ (54 ) CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI Net actuarial loss/(gain) - current year $ 1,580 $ (524 ) $ (1,434 ) $ 624 Prior service cost/(credit) - current year 9 12 — (231 ) Amortization of net actuarial loss (225 ) (295 ) (66 ) (69 ) Amortization of prior service (cost)/credit (26 ) (28 ) 48 41 Amortization of net actuarial loss/prior service costs due to settlements and curtailments (9 ) — — — Currency translation and other (84 ) 73 14 (3 ) TOTAL CHANGE IN AOCI 1,245 (762 ) (1,438 ) 362 NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST AND AOCI $ 1,384 $ (554 ) $ (1,599 ) $ 198 (1) Service cost includes amounts related to discontinued operations in fiscal year ended June 30, 2017, which are not material. (2) For fiscal year ended June 30, 2017, amortization of net actuarial loss/prior service cost due to settlement and curtailments and $18 of the special termination benefits are included in Net earnings from discontinued operations.
Schedule of Amounts in Accumulated Other Comprehensive Income (Loss) to be Recognized over Next Fiscal Year [Table Text Block]	Amounts expected to be amortized from AOCI into net periodic benefit cost during the year ending June 30, 2020 , are as follows: Pension Benefits Other Retiree Benefits Net actuarial loss $ 344 $ 68 Prior service cost/(credit) 25 (48 )
Schedule of Assumptions Used [Table Text Block]	The weighted average assumptions used to determine benefit obligations recorded on the Consolidated Balance Sheets as of June 30, were as follows: (1) Pension Benefits Other Retiree Benefits As of June 30 2019 2018 2019 2018 Discount rate 1.9 % 2.5 % 3.7 % 4.2 % Rate of compensation increase 2.6 % 2.6 % N/A N/A Health care cost trend rates assumed for next year N/A N/A 6.6 % 6.6 % Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate) N/A N/A 4.9 % 4.9 % Year that the rate reaches the ultimate trend rate N/A N/A 2026 2025 (1) Determined as of end of fiscal year. The weighted average assumptions used to determine net benefit cost recorded on the Consolidated Statement of Earnings for the years ended June 30, were as follows: (1) Pension Benefits Other Retiree Benefits Years ended June 30 2019 2018 2017 2019 2018 2017 Discount rate 2.5 % 2.4 % 2.1 % 4.2 % 3.9 % 3.6 % Expected return on plan assets 6.6 % 6.8 % 6.9 % 8.3 % 8.3 % 8.3 % Rate of compensation increase 2.6 % 3.0 % 2.9 % N/A N/A N/A (1) Determined as of beginning of fiscal year.
Schedule of Effect of One-Percentage-Point Change in Assumed Health Care Cost Trend Rates [Table Text Block]	A one percentage point change in assumed health care cost trend rates would have the following effects: One-Percentage Point Increase One-Percentage Point Decrease Effect on the total service and interest cost components $ 60 $ (45 ) Effect on the accumulated postretirement benefit obligation 755 (619 )
Schedule of Allocation of Plan Assets [Table Text Block]	Our target asset allocation for the year ended June 30, 2019 , and actual asset allocation by asset category as of June 30, 2019 and 2018 , were as follows: Target Asset Allocation Actual Asset Allocation at June 30 Pension Benefits Other Retiree Benefits Pension Benefits Other Retiree Benefits Asset Category 2019 2018 2019 2018 Cash — % 2 % 1 % 2 % 3 % 1 % Debt securities 67 % 3 % 63 % 59 % 2 % 4 % Equity securities 33 % 95 % 36 % 39 % 95 % 95 % TOTAL 100 % 100 % 100 % 100 % 100 % 100 %
Pension and Postretirement Plan Assets By Fair Value Hierarchy [Table Text Block]	These assets are not valued using the fair value hierarchy, but rather valued using the net asset value reported by the managers of the funds and as supported by the unit prices of actual purchase and sale transactions. Pension Benefits Other Retiree Benefits As of June 30 Fair Value Hierarchy Level 2019 2018 Fair Value Hierarchy Level 2019 2018 ASSETS AT FAIR VALUE Cash and cash equivalents 1 $ 47 $ 136 1 $ 111 $ 5 Company stock (1) — — 1 & 2 4,836 3,092 Other (2) 1, 2 & 3 378 400 1 1 4 TOTAL ASSETS IN THE FAIR VALUE HEIRARCHY 425 536 4,948 3,101 Investments valued at net asset value 10,957 10,731 148 158 TOTAL ASSETS AT FAIR VALUE $ 11,382 11,267 $ 5,096 3,259 (1) Company stock is net of ESOP debt discussed below. (2) The Company's other pension plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension plan asset balances classified as Level 1 or Level 2 within the fair value hierarchy.
Schedule of Expected Benefit Payments [Table Text Block]	Total benefit payments expected to be paid to participants, which include payments funded from the Company's assets and payments from the plans are as follows: Years ending June 30 Pension Benefits Other Retiree Benefits EXPECTED BENEFIT PAYMENTS 2020 $ 518 $ 191 2021 536 203 2022 549 214 2023 574 224 2024 583 233 2025 - 2029 3,220 1,283
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	The number of preferred shares outstanding at June 30 was as follows: Shares in thousands 2019 2018 2017 Allocated 31,600 34,233 36,488 Unallocated 3,259 4,117 5,060 TOTAL SERIES A 34,859 38,350 41,548 Allocated 26,790 25,895 25,378 Unallocated 26,471 28,512 30,412 TOTAL SERIES B 53,261 54,407 55,790

RISK MANAGEMENT ACTIVITIES AN_2

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - AVAILABLE FOR SALE ASSETS - ADDITIONAL INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2019
Investments, Debt and Equity Securities [Abstract]
Fair Value, Assets Measured on Recurring Basis [Table Text Block]	The following table sets forth the Company's financial assets as of June 30, 2019 and 2018 that were measured at fair value on a recurring basis during the period: Fair Value Asset As of June 30 2019 2018 Investments: U.S. government securities $ 3,648 $ 5,544 Corporate bond securities 2,400 3,737 Other investments 169 141 TOTAL $ 6,217 $ 9,422

RISK MANAGEMENT ACTIVITIES AN_3

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ASSETS AND LIABILITIES (Tables)	12 Months Ended
	Jun. 30, 2019
Fair Value Disclosures [Abstract]
Risk Management & Fair Value Measurement [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. We evaluate exposures on a centralized basis to take advantage of natural exposure correlation and netting. To the extent we choose to manage volatility associated with the net exposures, we enter into various financial transactions that we account for using the applicable accounting guidance for derivative instruments and hedging activities. These financial transactions are governed by our policies covering acceptable counterparty exposure, instrument types and other hedging practices. If the Company elects to do so and if the instrument meets certain specified accounting criteria, management designates derivative instruments as cash flow hedges, fair value hedges or net investment hedges. We record derivative instruments at fair value and the accounting for changes in the fair value depends on the intended use of the derivative, the resulting designation and the effectiveness of the instrument in offsetting the risk exposure it is designed to hedge. We generally have a high degree of effectiveness between the exposure being hedged and the hedging instrument. Credit Risk Management We have counterparty credit guidelines and normally enter into transactions with investment grade financial institutions, to the extent commercially viable. Counterparty exposures are monitored daily and downgrades in counterparty credit ratings are reviewed on a timely basis. We have not incurred, and do not expect to incur, material credit losses on our risk management or other financial instruments. Substantially all of the Company's financial instruments used in hedging transactions are governed by industry standard netting and collateral agreements with counterparties. If the Company's credit rating were to fall below the levels stipulated in the agreements, the counterparties could demand either collateralization or termination of the arrangements. The aggregate fair value of the instruments covered by these contractual features that are in a net liability position as of June 30, 2019 , was not material. The Company has not been required to post collateral as a result of these contractual features. Interest Rate Risk Management Our policy is to manage interest cost using a mixture of fixed-rate and variable-rate debt. To manage this risk in a cost-efficient manner, we enter into interest rate swaps whereby we agree to exchange with the counterparty, at specified intervals, the difference between fixed and variable interest amounts calculated by reference to a notional amount. We designate certain interest rate swaps that meet specific accounting criteria as fair value hedges. For fair value hedges, the changes in the fair value of both the hedging instruments and the underlying debt obligations are immediately recognized in earnings. Historically, we had certain interest rate swaps designated as cash flow hedges. For the years ended June 30, 2019 and 2018 , we did not have any such contracts outstanding. Foreign Currency Risk Management We manufacture and sell our products and finance our operations in a number of countries throughout the world. As a result, we are exposed to movements in foreign currency exchange rates. We leverage the Company’s diversified portfolio of exposures as a natural hedge. In certain cases, we enter into non-qualifying foreign currency contracts to hedge certain balance sheet items subject to revaluation. The change in fair value of these instruments and the underlying exposure are both immediately recognized in earnings. To manage exchange rate risk related to our intercompany financing, we primarily use forward contracts and currency swaps. The change in fair value of these non-qualifying instruments is immediately recognized in earnings, substantially offsetting the foreign currency mark-to-market impact of the related exposure. Historically, we had utilized foreign currency swaps to offset the effect of exchange rate fluctuations on intercompany loans denominated in foreign currencies; these swaps were accounted for as cash flow hedges. For the years ended June 30, 2019 and 2018 , we did not have any such contracts outstanding. Net Investment Hedging We hedge certain net investment positions in foreign subsidiaries. To accomplish this, we either borrow directly in foreign currencies and designate all or a portion of the foreign currency debt as a hedge of the applicable net investment position or we enter into foreign currency swaps that are designated as hedges of net investments. Changes in the fair value of these instruments are recognized in the Foreign Currency Translation component of OCI and offset the change in the value of the net investment being hedged. The time value component of the net investment hedge currency swaps is excluded from the assessment of hedge effectiveness. Changes in the fair value of the swap, including changes in the fair value of the excluded time value component, are recognized in OCI and offset the value of the underlying net assets. The time value component is subsequently reported in income on a systematic basis. Commodity Risk Management Certain raw materials used in our products or production processes are subject to price volatility caused by weather, supply conditions, political and economic variables and other unpredictable factors. To manage the volatility related to anticipated purchases of certain of these materials, we have historically, on a limited basis, used futures and options with maturities generally less than one year and swap contracts with maturities up to five years . As of and during the years ended June 30, 2019 and 2018 , we did not have any commodity hedging activity. Insurance We self-insure for most insurable risks. However, we purchase insurance for Directors and Officers Liability and certain other coverage where it is required by law or by contract. Fair Value Hierarchy Accounting guidance on fair value measurements for certain financial assets and liabilities requires that financial assets and liabilities carried at fair value be classified and disclosed in one of the following categories: • Level 1: Quoted market prices in active markets for identical assets or liabilities. • Level 2: Observable market-based inputs or unobservable inputs that are corroborated by market data. • Level 3: Unobservable inputs reflecting the reporting entity's own assumptions or external inputs from inactive markets. When applying fair value principles in the valuation of assets and liabilities, we are required to maximize the use of quoted market prices and minimize the use of unobservable inputs. The Company has not changed its valuation techniques used in measuring the fair value of any financial assets or liabilities during the year. June 30, 2019 and 2018 that were measured at fair value on a recurring basis during the period: Fair Value Asset As of June 30 2019 2018 Investments: U.S. government securities $ 3,648 $ 5,544 Corporate bond securities 2,400 3,737 Other investments 169 141 TOTAL $ 6,217 $ 9,422 Investment securities are presented in Available-for-sale investment securities and Other noncurrent assets. The amortized cost of the U.S. government securities with maturities less than one year was $100 and $2,003 as of June 30, 2019 and 2018 , respectively. The amortized cost of the U.S. government securities with maturities between one and five years was $3,556 and $3,659 as of June 30, 2019 and 2018 , respectively. The amortized cost of corporate bond securities with maturities of less than a year was $1,347 and $1,291 as of June 30, 2019 and 2018 , respectively. The amortized cost of corporate bond securities with maturities between one and five years was $1,057 and $2,503 as of June 30, 2019 and 2018 , respectively. The Company's investments measured at fair value are generally classified as Level 2 within the fair value hierarchy. Within cash and cash equivalents, we have money market funds of $2,956 and $1,516 as of June 30, 2019 and 2018 , respectively. These funds are classified as Level 1 within the fair value hierarchy. There are no other 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 $25,378 and $23,402 as of June 30, 2019 and 2018 , respectively. This includes the current portion of debt instruments ( $3,390 and $1,769 as of June 30, 2019 and 2018 , respectively). Certain long-term debt (debt 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 June 30, 2019 and 2018 are as follows: Notional Amount Fair Value Asset Fair Value (Liability) As of June 30 2019 2018 2019 2018 2019 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 7,721 $ 4,587 $ 177 $ 125 $ (1 ) $ (53 ) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts $ 3,157 $ 1,848 $ 35 $ 41 $ (24 ) $ (75 ) TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS $ 10,878 $ 6,435 $ 212 $ 166 $ (25 ) $ (128 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 6,431 $ 7,358 $ 27 $ 30 $ (20 ) $ (56 ) TOTAL DERIVATIVES AT FAIR VALUE $ 17,309 $ 13,793 $ 239 $ 196 $ (45 ) $ (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 $7,860 and $4,639 as of June 30, 2019 and 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 $17,154 and $15,012 as of June 30, 2019 and 2018 , respectively. The increase in the notional balance of interest rate fair value hedges is due to additional swaps in the current period driven by the favorable Euro swap curve. The increase in the notional balance of the net investment hedges, including the debt instruments designated as net investment hedges, is primarily driven by the increase in foreign currency net assets as a result of the Merck acquisition. All of the Company's derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. 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. In addition, there was no significant activity within the Level 3 assets and liabilities during the periods presented. Except for the impairment of the Gillette indefinite-lived intangible asset discussed in Note 4, there were no significant assets or liabilities that were re-measured at fair value on a non-recurring basis during the years ended June 30, 2019 and 2018 . Before tax gains/(losses) on our financial instruments in hedging relationships are categorized as follows: Amount of Gain/(Loss) Recognized in OCI on Derivatives Years ended June 30 2019 2018 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2) Foreign currency interest rate contracts $ 47 $ (187 ) (1) For the derivatives in net investment hedging relationships, the amount of gain/(loss) excluded from effectiveness testing, which was recognized in earnings, was $70 and $138 for the fiscal year ended June 30, 2019 and 2018 , 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 $299 and $(391) , as of June 30, 2019 and 2018 , respectively. Amount of Gain/(Loss) Recognized in Earnings Years ended June 30 2019 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 104 $ (106 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 54 $ (1 ) The gain/(loss) on the derivatives in fair value hedging relationships is fully offset by the mark-to-market impact of the related exposure. These are both recognized in the Consolidated Statement of Earnings in Interest Expense. The gain/(loss) on derivatives not designated as hedging instruments is substantially offset by the currency mark-to-market of the related exposure. These are both recognized in the Consolidated Statements of Earnings in SG&A. To the extent we have any derivatives used for cash flow hedging relationships, the gain/(loss) reclassified from AOCI into earnings on such derivatives would be recognized in the same period during which the related item affects earnings, typically in SG&A.

RISK MANAGEMENT ACTIVITIES AN_4

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - NOTIONAL AMOUNTS AND FAIR VALUES OF QUALIFYING AND NON-QUALIFYING FINANCIAL INSTRUMENTS (Tables)	12 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Derivative Instruments [Table Text Block]	The notional amounts and fair values of financial instruments used in hedging transactions as of June 30, 2019 and 2018 are as follows: Notional Amount Fair Value Asset Fair Value (Liability) As of June 30 2019 2018 2019 2018 2019 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 7,721 $ 4,587 $ 177 $ 125 $ (1 ) $ (53 ) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts $ 3,157 $ 1,848 $ 35 $ 41 $ (24 ) $ (75 ) TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS $ 10,878 $ 6,435 $ 212 $ 166 $ (25 ) $ (128 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 6,431 $ 7,358 $ 27 $ 30 $ (20 ) $ (56 ) TOTAL DERIVATIVES AT FAIR VALUE $ 17,309 $ 13,793 $ 239 $ 196 $ (45 ) $ (184 )

RISK MANAGEMENT ACTIVITIES AN_5

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - GAINS AND LOSSES ON DERIVATIVES IN NET INVESTMENT HEDGES (Tables)	12 Months Ended
	Jun. 30, 2019
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Net Investment Hedges in Accumulated 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 OCI on Derivatives Years ended June 30 2019 2018 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2) Foreign currency interest rate contracts $ 47 $ (187 ) (1) For the derivatives in net investment hedging relationships, the amount of gain/(loss) excluded from effectiveness testing, which was recognized in earnings, was $70 and $138 for the fiscal year ended June 30, 2019 and 2018 , 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 $299 and $(391) , as of June 30, 2019 and 2018 , respectively.

RISK MANAGEMENT ACTIVITIES AN_6

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - AMOUNT OF GAINS AND LOSSES ON OUTSTANDING DERIVATIVES (Tables)	12 Months Ended
	Jun. 30, 2019
Derivative [Line Items]
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Amount of Gain/(Loss) Recognized in Earnings Years ended June 30 2019 2018 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 104 $ (106 ) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 54 $ (1 )

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	12 Months Ended
	Jun. 30, 2019
Debt Disclosure [Abstract]
Short-term Debt [Text Block]	As of June 30 2019 2018 DEBT DUE WITHIN ONE YEAR Current portion of long-term debt $ 3,388 $ 1,772 Commercial paper 6,183 7,761 Other 126 890 TOTAL $ 9,697 $ 10,423 Short-term weighted average interest rates (1) 0.5 % 0.7 % (1) Short-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.
Long-term Debt [Text Block]	As of June 30 2019 2018 LONG-TERM DEBT 1.75% USD note due October 2019 $ 600 $ 600 1.90% USD note due November 2019 550 550 0.28% JPY note due May 2020 929 903 1.90% USD note due October 2020 600 600 4.13% EUR note due December 2020 682 698 9.36% ESOP debentures due 2019-2021 (1) 228 327 1.85% USD note due February 2021 600 600 1.70% USD note due November 2021 875 875 2.00% EUR note due November 2021 852 873 2.30% USD note due February 2022 1,000 1,000 2.15% USD note due August 2022 1,250 1,250 2.00% EUR note due August 2022 1,137 1,164 3.10% USD note due August 2023 1,000 1,000 1.13% EUR note due November 2023 1,421 1,455 0.50% EUR note due October 2024 568 582 0.63% EUR note due October 2024 909 — 2.70% USD note due February 2026 600 600 2.45% USD note due November 2026 875 875 4.88% EUR note due May 2027 1,137 1,164 2.85% USD note due August 2027 750 750 1.20% EUR note due October 2028 909 — 1.25% EUR note due October 2029 568 582 5.55% USD note due March 2037 763 763 1.88% EUR note due October 2038 568 — 3.50% USD note due October 2047 600 600 Capital lease obligations 33 107 All other long-term debt 3,779 4,717 Current portion of long-term debt (3,388 ) (1,772 ) TOTAL $ 20,395 $ 20,863 Long-term weighted average interest rates (2) 2.4 % 2.5 % (1) Debt issued by the ESOP is guaranteed by the Company and is recorded as debt of the Company, as discussed in Note 8. (2) Long-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.
Maturities of Long-term Debt [Table Text Block]	Long-term debt maturities during the next five fiscal years are as follows: Years ending June 30 2020 2021 2022 2023 2024 Debt maturities $3,388 $2,009 $2,840 $2,465 $2,461

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Jun. 30, 2019
Equity [Abstract]
Schedule of Accumulated Other Comprehensive Income (Loss) [Table Text Block]	The table below presents the changes in Accumulated other comprehensive income/(loss) attributable to Procter & Gamble (AOCI), including the reclassifications out of AOCI by component: Changes in Accumulated Other Comprehensive Income/(Loss) by Component Investment Securities Pension and Other Retiree Benefits Foreign Currency Translation Total AOCI BALANCE at JUNE 30, 2017 $ (25 ) $ (4,397 ) $ (10,210 ) $ (14,632 ) OCI before reclassifications (1) (141 ) 74 (305 ) (372 ) Amounts reclassified from AOCI into the Consolidated Statement of Earnings (2) (7 ) 260 — 253 Net current period OCI (148 ) 334 (305 ) (119 ) Less: Other comprehensive income/(loss) attributable to non-controlling interests — (5 ) 3 (2 ) BALANCE at JUNE 30, 2018 (173 ) (4,058 ) (10,518 ) (14,749 ) OCI before reclassifications (3) 167 (43 ) (213 ) (89 ) Amounts reclassified from AOCI into the Consolidated Statement of Earnings (4) 17 212 — 229 Net current period OCI 184 169 (213 ) 140 Reclassification to retained earnings in accordance with ASU 2018-02 (5) — (308 ) (18 ) (326 ) Less: Other comprehensive income/(loss) attributable to non-controlling interests 1 — 1 BALANCE at JUNE 30, 2019 $ 11 $ (4,198 ) $ (10,749 ) $ (14,936 ) (1) Net of tax (benefit) / expense of $0 , $(23) and $(279) for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2018 . (2) Net of tax (benefit) / expense of $0 , $91 and $0 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2018 . (3) Net of tax (benefit) / expense of $0 , $(44) and $78 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2019 . (4) Net of tax (benefit) / expense of $0 , $66 , $0 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2019 . (5) Adjustment made to early adopt ASU 2018-02: "Reclassification of Certain Effects from Accumulated Other Comprehensive Income," as discussed in Note 1.

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jun. 30, 2019
Commitments and Contingencies Disclosure [Abstract]
Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]	Commitments made under take-or-pay obligations are as follows: Years ending June 30 2020 2021 2022 2023 2024 There-after Purchase obligations $ 633 $ 221 $ 176 $ 87 $ 106 $ 268
Schedule of Future Minimum Rental Payments for Operating Leases [Table Text Block]	Future minimum rental commitments under non-cancelable operating leases are as follows: Years ending June 30 2020 2021 2022 2023 2024 There-after Operating leases $ 255 $ 213 $ 162 $ 166 $ 134 $ 288

DISCONTINUED OPERATIONS (Tables

DISCONTINUED OPERATIONS (Tables)	12 Months Ended
	Jun. 30, 2019
Discontinued Operations and Disposal Groups [Abstract]
Discontinued Operations and Disposal Groups - Beauty Brands [Table Text Block]	The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands: Beauty Brands Years ended June 30 2017 NON-CASH OPERATING ITEMS Depreciation and amortization $ 24 Deferred income tax benefit (649 ) Gain on sale of businesses 5,210 Net increase in accrued taxes 93 CASH FLOWS FROM OPERATING ACTIVITIES Cash taxes paid $ 418 CASH FLOWS FROM INVESTING ACTIVITIES Capital expenditures $ 38 The following is selected financial information included in Net earnings from discontinued operations for the Beauty Brands: Beauty Brands Years ended June 30 2017 Net sales $ 1,159 Cost of products sold 450 Selling, general and administrative expense 783 Interest expense 14 Other non-operating income/(expense), net 16 Loss from discontinued operations before income taxes (72 ) Income taxes on discontinued operations 46 Gain on sale of business before income taxes 5,197 Income tax expense/(benefit) on sale of business (1) (138 ) Net earnings from discontinued operations $ 5,217 (1) The income tax benefit of the Beauty Brands divestiture represents the reversal of underlying deferred tax balances partially offset by current tax expense related to the transaction.

ACQUISITION ACQUISITION - ALLOC

ACQUISITION ACQUISITION - ALLOCATION OF PURCHASE PRICE (Tables)	12 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Schedule of Recognized Identified Assets Acquired and Liabilities Assumed [Table Text Block]	The preliminary allocation of the purchase price is based on the best estimates of management and is subject to revision based on final determination of fair values of the assets and liabilities acquired, which will be completed as we complete our analysis of the underlying assets and acquired liabilities, such as pensions, litigation cases, environmental issues, and tax positions. Amounts in millions November 30, 2018 Current assets $ 419 Property, plant and equipment 121 Intangible assets 2,143 Goodwill 2,138 Other non-current assets 143 Total Assets Acquired $ 4,964 Current liabilities $ 233 Deferred income taxes 767 Non-current liabilities 87 Total Liabilities Acquired $ 1,087 Noncontrolling Interest (1) $ 169 Net Assets Acquired $ 3,708 (1) Represents a 48% minority ownership interest in the Merck India company.

ACQUISITION ACQUISITION - FAIR

ACQUISITION ACQUISITION - FAIR VALUE OF INTANGIBLES (Tables)	12 Months Ended
	Jun. 30, 2019
Business Combinations [Abstract]
Finite-Lived and Indefinite-Lived Intangible Assets Acquired as Part of Business Combination [Table Text Block]	The preliminary allocation of identifiable intangible assets and their average useful lives is as follows: Amounts in millions Estimated Fair Value Avg Remaining Intangible Assets with Determinable Lives Brands $ 701 14 Patents and technology 162 10 Customer relationships 334 20 Total $ 1,197 15 Intangible Assets with Indefinite Lives Brands 946 Total Intangible Assets $ 2,143

QUARTERLY RESULTS (UNAUDITED) (

QUARTERLY RESULTS (UNAUDITED) (Tables)	12 Months Ended
	Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]
Schedule of Quarterly Financial Information [Table Text Block]	Quarters Ended Sep 30 Dec 31 Mar 31 Jun 30 Total Year NET SALES 2018-2019 $ 16,690 $ 17,438 $ 16,462 $ 17,094 $ 67,684 2017-2018 16,653 17,395 16,281 16,503 66,832 OPERATING INCOME 2018-2019 3,554 3,896 3,229 (5,192 ) 5,487 2017-2018 3,648 3,919 3,209 2,587 13,363 GROSS MARGIN 2018-2019 49.2 % 48.9 % 48.8 % 47.7 % 48.6 % 2017-2018 50.3 % 49.9 % 48.5 % 45.0 % 48.5 % NET EARNINGS/(LOSS): Net earnings/(loss) 2018-2019 3,211 3,216 2,776 (5,237 ) 3,966 2017-2018 2,870 2,561 2,540 1,890 9,861 Net earnings/(loss) attributable to Procter and Gamble 2018-2019 3,199 3,194 2,745 (5,241 ) 3,897 2017-2018 2,853 2,495 2,511 1,891 9,750 DILUTED NET EARNINGS/(LOSS) PER COMMON SHARE (1) (2) 2018-2019 $ 1.22 $ 1.22 $ 1.04 $ (2.12 ) $ 1.43 2017-2018 1.06 0.93 0.95 0.72 3.67 (1) Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble. (2) Diluted net earnings/(loss) per share in each quarter is computed using the weighted average number of shares outstanding during that quarter while Diluted net earnings/(loss) per share for the full year is computed using the weighted average number of shares outstanding during the year. In the quarter ended June 30, 2019, the Company reported a Net loss attributable to P&G, driven by the Shave Care impairment charges discussed in Note 4. This caused certain of our equity instruments to be antidilutive for the full year (preferred shares) and for the quarter ended June 30, 2019 (preferred shares and equity awards). Because these securities were dilutive during the first three quarters of this fiscal year, the sum of the four quarters' Diluted net earnings/(loss) per share will not equal the full-year Diluted net earnings per common share.

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ADDITIONAL INFORMATION (Details)	6 Months Ended	12 Months Ended
	Dec. 31, 2018USD ($)	Jun. 30, 2019USD ($)countries	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)
Number of Countries in which Entity Operates | countries		180
Number of Countries With On The Ground Operations | countries		70
Research and Development Expense		$ 1,900,000,000	$ 1,900,000,000	$ 1,900,000,000
Advertising Expense		$ 6,800,000,000	7,100,000,000	$ 7,100,000,000
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	$ (553,000,000)
Customer Relationships, Brands, and Other Non-Contractual Intangible Assets [Member] | Minimum
Finite-Lived Intangible Asset, Useful Life		5 years
Customer Relationships, Brands, and Other Non-Contractual Intangible Assets [Member] | Maximum
Finite-Lived Intangible Asset, Useful Life		30 years
Furniture and Fixtures
Property, Plant and Equipment, Useful Life		15 years
Computer Equipment | Minimum
Property, Plant and Equipment, Useful Life		3 years
Computer Equipment | Maximum
Property, Plant and Equipment, Useful Life		5 years
Machinery and Equipment | Minimum
Property, Plant and Equipment, Useful Life		3 years
Machinery and Equipment | Maximum
Property, Plant and Equipment, Useful Life		20 years
Buildings
Property, Plant and Equipment, Useful Life		40 years
Reclassification from AOCI to Retained Earnings for Tax Effects [Domain] | Retained Earnings
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			326,000,000
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			326,000,000
Payments to Customers | Selling, General and Administrative Expenses
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			309,000,000
Customer and Consumer Promotional Spending | Retained Earnings
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			534,000,000
Leasing Arrangement [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification			$ 0.01

SEGMENT INFORMATION - ADDITIONA

SEGMENT INFORMATION - ADDITIONAL INFORMATION (Details)	12 Months Ended
	Jun. 30, 2019segment	Jun. 30, 2018	Jun. 30, 2017	Dec. 31, 2016	Oct. 01, 2016
Number of Reportable Segments	5
Number of Reporting Units Accounting for 5% or More of Consolidated Net Sales	9
Wal-Mart Stores Inc and Affiliates
Percentage Of Total Revenues By Customer	15.00%	15.00%	16.00%
Beauty Brands
Disposal Groups - Number of Product Categories				4	4
Disposal Groups - Number of Brands				43

SEGMENT INFORMATION - PERCENT O

SEGMENT INFORMATION - PERCENT OF SALES BY BUSINESS UNIT (Details)		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	100.00%	100.00%	100.00%
Fabric Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	22.00%	22.00%	22.00%
Baby Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	12.00%	13.00%	14.00%
Hair Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	10.00%	10.00%	10.00%
Home Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	10.00%	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	[1]	10.00%	9.00%	8.00%
Family Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	9.00%	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	[1]	8.00%	8.00%	8.00%
Shave Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	8.00%	8.00%	9.00%
Feminine Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	6.00%	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	[1]	5.00%	6.00%	5.00%
[1]	% of sales by business unit excludes sales held in Corporate.

SEGMENT INFORMATION - GLOBAL SE

SEGMENT INFORMATION - GLOBAL SEGMENT RESULTS (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Goodwill and Indefinite-lived Intangibles Impairment Charges Including Disc Ops										$ 8,345
Net Sales		$ 17,094	$ 16,462	$ 17,438	$ 16,690	$ 16,503	$ 16,281	$ 17,395	$ 16,653	67,684	$ 66,832	$ 65,058
Earnings/(Loss) from Continuing Operations Before Income Taxes										6,069	13,326	13,257
Net Earnings from Continuing Operations										3,966	9,861	10,194
Depreciation, Depletion and Amortization										2,824	2,834	2,820
Assets		115,095				118,310				115,095	118,310	120,406
Payments to Acquire Property, Plant, and Equipment										3,347	3,717	3,384
Goodwill and Indefinite-lived Intangibles Impairment Charges Including Disc Ops After Tax										8,000
Beauty
Net Sales										12,897	12,406	11,429
Earnings/(Loss) from Continuing Operations Before Income Taxes										3,282	3,042	2,546
Net Earnings from Continuing Operations										2,637	2,320	1,914
Depreciation, Depletion and Amortization										272	236	220
Assets		5,362				4,709				5,362	4,709	4,184
Payments to Acquire Property, Plant, and Equipment										634	766	599
Grooming
Net Sales										6,199	6,551	6,642
Earnings/(Loss) from Continuing Operations Before Income Taxes										1,777	1,801	1,985
Net Earnings from Continuing Operations										1,529	1,432	1,537
Depreciation, Depletion and Amortization										429	447	433
Assets		20,882				22,609				20,882	22,609	22,759
Payments to Acquire Property, Plant, and Equipment										367	364	341
Health Care
Net Sales										8,218	7,857	7,513
Earnings/(Loss) from Continuing Operations Before Income Taxes										1,984	1,922	1,898
Net Earnings from Continuing Operations										1,519	1,283	1,280
Depreciation, Depletion and Amortization										294	230	209
Assets		7,708				5,254				7,708	5,254	5,194
Payments to Acquire Property, Plant, and Equipment										363	330	283
Fabric & Home Care
Net Sales										22,080	21,441	20,717
Earnings/(Loss) from Continuing Operations Before Income Taxes										4,601	4,191	4,249
Net Earnings from Continuing Operations										3,518	2,708	2,713
Depreciation, Depletion and Amortization										557	534	513
Assets		7,620				7,295				7,620	7,295	6,886
Payments to Acquire Property, Plant, and Equipment										984	1,020	797
Baby, Feminine & Family Care
Net Sales										17,806	18,080	18,252
Earnings/(Loss) from Continuing Operations Before Income Taxes										3,593	3,527	3,868
Net Earnings from Continuing Operations										2,734	2,251	2,503
Depreciation, Depletion and Amortization										861	899	874
Assets		9,271				9,682				9,271	9,682	9,920
Payments to Acquire Property, Plant, and Equipment										819	1,016	1,197
Corporate
Net Sales	[1]									484	497	505
Earnings/(Loss) from Continuing Operations Before Income Taxes	[1]									(9,168)	(1,157)	(1,289)
Net Earnings from Continuing Operations	[1]									(7,971)	(133)	247
Depreciation, Depletion and Amortization	[1]									411	488	571
Assets	[1]	$ 64,252				$ 68,761				64,252	68,761	71,463
Payments to Acquire Property, Plant, and Equipment	[1]									$ 180	$ 221	$ 167
[1]	The Corporate reportable segment includes the $8.3 billion one-time, non-cash before-tax ( $8.0 billion

SEGMENT INFORMATION SEGMENT INF

SEGMENT INFORMATION SEGMENT INFORMATION - US AND INTERNATIONAL SALES AND ASSETS (Details) - USD ($) $ in Millions		3 Months Ended								12 Months Ended
		Jun. 30, 2019	Mar. 31, 2019	Dec. 31, 2018	Sep. 30, 2018	Jun. 30, 2018	Mar. 31, 2018	Dec. 31, 2017	Sep. 30, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Net Sales		$ 17,094	$ 16,462	$ 17,438	$ 16,690	$ 16,503	$ 16,281	$ 17,395	$ 16,653	$ 67,684	$ 66,832	$ 65,058
Property, Plant and Equipment, Net		21,271				20,600				21,271	20,600
UNITED STATES
Net Sales										28,600	27,300	27,300
Property, Plant and Equipment, Net	[1]	10,000				9,700				10,000	9,700	8,800
Non-US [Member]
Net Sales										39,100	39,500	37,800
Property, Plant and Equipment, Net	[1]	$ 11,300				$ 10,900				$ 11,300	$ 10,900	$ 11,100
[1]	Long-lived assets consists of property, plant and equipment.

SUPPLEMENTAL FINANCIAL INFORM_3

SUPPLEMENTAL FINANCIAL INFORMATION - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	$ 43,393	$ 41,847
Accumulated Depreciation	22,122	21,247
Property, Plant and Equipment, Net	21,271	20,600
Buildings
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	7,746	7,188
Machinery and Equipment
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	32,263	30,595
Land
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	805	841
Construction in Progress
PROPERTY, PLANT AND EQUIPMENT
Total Property, Plant and Equipment	$ 2,579	$ 3,223

SUPPLEMENTAL FINANCIAL INFORM_4

SUPPLEMENTAL FINANCIAL INFORMATION - ACCRUED AND OTHER LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
ACCRUED AND OTHER LIABILITIES - CURRENT
Marketing and Promotion	$ 4,299	$ 3,208
Compensation Expenses	1,623	1,298
Restructuring Reserves	468	513
Taxes Payable	341	268
Other Liabilities	2,323	2,183
Accrued Liabilities, Current	9,054	7,470
OTHER NONCURRENT LIABILITIES
Pension Benefits	5,622	4,768
Other Postretirement Benefits	1,098	1,495
Uncertain Tax Positions	472	581
U.S. Tax Act Transitional Tax Payable	2,343	2,654
Liabilities, Noncurrent	676	666
Other Liabilities, Noncurrent	$ 10,211	$ 10,164

SUPPLEMENTAL FINANCIAL INFORM_5

SUPPLEMENTAL FINANCIAL INFORMATION - ADDITIONAL INFORMATION (Details) $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)employees	Jun. 30, 2018USD ($)employees	Jun. 30, 2017USD ($)
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 754	$ 1,070	$ 754
Severance Packages | employees	1,810	2,720
Selling, General and Administrative Expenses
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 213	$ 237
Cost of Goods Sold
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	521	819
Other Nonoperating Income (Expense) [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	20	$ 14
Minimum
Restructuring Cost and Reserve [Line Items]
Historical Restructuring Costs Before Tax	250
Maximum
Restructuring Cost and Reserve [Line Items]
Historical Restructuring Costs Before Tax	$ 500

SUPPLEMENTAL FINANCIAL INFORM_6

SUPPLEMENTAL FINANCIAL INFORMATION - RESTRUCTURING ACTIVITY (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	$ 513	$ 277
Restructuring Charges	754	1,070	$ 754
Payments for Restructuring	(547)	(468)
Charges Against Assets	(252)	(366)
Restructuring Reserve Ending Balance	468	513	277
Separations
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	259	228
Restructuring Charges	260	310
Payments for Restructuring	(239)	(279)
Charges Against Assets	0	0
Restructuring Reserve Ending Balance	280	259	228
Asset-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	0	0
Restructuring Charges	252	366
Payments for Restructuring	0	0
Charges Against Assets	(252)	(366)
Restructuring Reserve Ending Balance	0	0	0
Other
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	254	49
Restructuring Charges	242	394
Payments for Restructuring	(308)	(189)
Charges Against Assets	0	0
Restructuring Reserve Ending Balance	$ 188	$ 254	$ 49

SUPPLEMENTAL FINANCIAL INFORM_7

SUPPLEMENTAL FINANCIAL INFORMATION - OTHER COSTS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 754	$ 1,070	$ 754
Beauty
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		49	60	90
Grooming
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		65	38	45
Health Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		23	21	15
Fabric & Home Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		84	115	144
Baby, Feminine & Family Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		226	547	231
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]	$ 307	$ 289	$ 229
[1]	Corporate includes costs related to allocated overheads, including charges related to our Sales and Market Operations, Global Business Services and Corporate Functions activities, along with costs related to discontinued operations from our Beauty Brands business in 2017.

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - GOODWILL BY GLOBAL BUSINESS UNIT (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		$ (2,279)	$ 82
Goodwill, Impairment Loss		(6,783)
Goodwill, Translation and Purchase Accounting Adjustments		(398)	394
Goodwill		40,273	45,175	$ 44,699
Beauty
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		(132)	82
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments		(139)	119
Goodwill		12,985	12,992	12,791
Grooming
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss		7,900	1,200	1,200
Goodwill Acquisitions and Divestitures		0	0
Goodwill, Impairment Loss		(6,783)
Goodwill, Translation and Purchase Accounting Adjustments		(156)	193
Goodwill	[1]	12,881	19,820	19,627
Health Care
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		(2,084)	0
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments		(41)	51
Goodwill		7,972	5,929	5,878
Fabric & Home Care
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		(6)	0
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments		(16)	8
Goodwill		1,855	1,865	1,857
Baby, Feminine & Family Care
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		(57)	0
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments		(46)	23
Goodwill		4,580	4,569	4,546
Corporate
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		0	0
Goodwill, Impairment Loss		0
Goodwill, Translation and Purchase Accounting Adjustments		0	0
Goodwill		$ 0	$ 0	$ 0
[1]	Grooming goodwill balance is net of $1.2 billion accumulated impairment losses as of June 30, 2017 and 2018 and $7.9 billion

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - GOODWILL BY GLOBAL BUSINESS UNIT - ADDITIONAL INFORMATION (Details) - USD ($) $ in Billions	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Grooming
Goodwill [Line Items]
Goodwill, Impaired, Accumulated Impairment Loss	$ 7.9	$ 1.2	$ 1.2

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - ADDITIONAL INFORMATION (Details) $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)	Dec. 31, 2016	Oct. 01, 2016
Goodwill [Line Items]
Goodwill, Impairment Loss	$ 6,783
Beauty Brands
Goodwill [Line Items]
Disposal Groups - Number of Product Categories		4	4
Disposal Groups - Number of Brands		43
Grooming
Goodwill [Line Items]
Goodwill, Impairment Loss	6,783
Goodwill	12,600
Impairment of Intangible Assets, Indefinite-lived (Excluding Goodwill)	1,600
Intangible Asset Impairment Charges After Tax	1,200
Carrying Value of the Gillette indefinite-lived intangible asset	$ 14,100

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 8,544	$ 7,376
Finite-Lived Intangible Assets, Accumulated Amortization	5,376	5,156
Intangible Assets, Gross (Excluding Goodwill)	29,591	29,058
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	145	241
Finite-Lived Intangible Assets, Accumulated Amortization	91	144
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,787	1,372
Finite-Lived Intangible Assets, Accumulated Amortization	691	616
Patents and Developed Technology
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,776	2,617
Finite-Lived Intangible Assets, Accumulated Amortization	2,434	2,350
Brands
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	3,836	3,146
Finite-Lived Intangible Assets, Accumulated Amortization	2,160	2,046
Brands
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 21,047	$ 21,682

GOODWILL AND INTANGIBLE ASSET_6

GOODWILL AND INTANGIBLE ASSETS - AMORTIZATION OF INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Goodwill and Intangible Assets Disclosure [Abstract]
Intangible Asset Amortization	$ 349	$ 302	$ 325

GOODWILL AND INTANGIBLE ASSET_7

GOODWILL AND INTANGIBLE ASSETS - ESTIMATED AMORTIZATION EXPENSE (Details) $ in Millions	Jun. 30, 2019USD ($)
Finite-Lived Intangible Assets, Net, Amortization Expense, Fiscal Year Maturity [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 359
Finite-Lived Intangible Assets, Amortization Expense, Year Two	309
Finite-Lived Intangible Assets, Amortization Expense, Year Three	290
Finite-Lived Intangible Assets, Amortization Expense, Year Four	278
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 267

INCOME TAXES - EARNINGS FROM CO

INCOME TAXES - EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]
Income (Loss) from Continuing Operations before Income Taxes, Domestic	$ 1,659	$ 9,277	$ 9,031
Income (Loss) from Continuing Operations before Income Taxes, Foreign	4,410	4,049	4,226
Income Loss From Continuing Operations Before Income Taxes Adjusted for Net Earnings Attributable to Noncontrolling Interests	$ 6,069	$ 13,326	$ 13,257

INCOME TAXES - PROVISION FOR IN

INCOME TAXES - PROVISION FOR INCOME TAXES ON CONTINUING OPERATIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
CURRENT TAX EXPENSE
Current Federal Tax Expense (Benefit)	$ 1,064	$ 3,965	$ 1,531
Current Foreign Tax Expense (Benefit)	1,259	1,131	1,243
Current State and Local Tax Expense (Benefit)	191	213	241
Current Income Tax Expense (Benefit)	2,514	5,309	3,015
DEFERRED TAX EXPENSE
Deferred Federal Income Tax Expense (Benefit)	(296)	(1,989)	28
Deferred Foreign Income Tax Expense (Benefit)	(115)	145	20
Deferred Income Tax Expense (Benefit) Continuing Operations	(411)	(1,844)	48
Income Tax Expense	$ 2,103	$ 3,465	$ 3,063

INCOME TAXES - INCOME TAX RATE

INCOME TAXES - INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Jun. 30, 2019Rate	Jun. 30, 2018Rate	Jun. 30, 2017Rate
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21.00%	28.10%	35.00%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	(0.50%)	(4.70%)	(6.80%)
Effective Income Tax Rate Reconciliation, Tax Contingency, Other, Percent	(0.30%)	(0.30%)	(2.00%)
Effective Income Tax Rate Reconciliation, Share-based Compensation, Excess Tax Benefit, Percent	(3.80%)	(0.40%)	(1.30%)
Effective Income Tax Rate Reconciliation, Nondeductible Expense, Impairment Losses, Percent	22.80%	0.00%	0.00%
Effective Income Tax Rate Reconciliation, Change in Enacted Tax Rate, Percent	0.00%	4.50%	0.00%
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	(4.50%)	(1.20%)	(1.80%)
Effective Income Tax Rate Reconciliation, Percent	34.70%	26.00%	23.10%

INCOME TAXES - ADDITIONAL INFOR

INCOME TAXES - ADDITIONAL INFORMATION (Details) $ in Millions	12 Months Ended				144 Months Ended
	Jun. 30, 2020USD ($)	Jun. 30, 2019USD ($)countriesaudit	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Jun. 30, 2019USD ($)countries	Jun. 30, 2037USD ($)	Jan. 01, 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	28.10%	35.00%
Income Tax Expense (Benefit)		$ 2,103	$ 3,465	$ 3,063
Deferred Federal Income Tax Expense (Benefit)		(296)	(1,989)	28
Income Tax Effects Allocated Directly to Equity		80	342
Deferred Tax Liabilities, Undistributed Foreign Earnings		27,000			$ 27,000
Unrecognized Tax Benefits that Would Impact Effective Tax Rate		$ 159			$ 159
Number of Countries With On The Ground Operations | countries		70			70
Number of Income Tax Jurisdiction | countries		150			150
Open Tax Year					2008
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	$ 140	$ 37	45	381
Unrecognized Tax Benefits, Interest on Income Taxes Accrued		133	99	100	$ 133
Unrecognized Tax Benefits, Income Tax Penalties Accrued		17	15	20	17
Unrecognized Tax Benefits, Interest on Income Taxes Expense		40	22	62
Unrecognized Tax Benefits, Income Tax Penalties Expense		2	5	$ 0
Operating Loss Carryforwards		$ 3,500	$ 3,500		3,500
Minimum
Number of Jurisdictional Audits | audit		40
Maximum
Number of Jurisdictional Audits | audit		50
U.S. Tax Cuts and Jobs Act, Effective 2018
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent		21.00%	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
Net Operating Loss, Expiring Within 20 Years | Minimum
Operating Loss Carryforwards		1,000			1,000
Net Operating Loss, Indefinite Life
Operating Loss Carryforwards		$ 2,500			$ 2,500
Subsequent Event | Net Operating Loss, Expiring Within 20 Years | Maximum
Operating Loss Carryforwards						$ 1,200

INCOME TAXES - ADDITIONAL INF_2

INCOME TAXES - ADDITIONAL INFORMATION OTHER (Details) - USD ($) $ in Billions	Jun. 30, 2037	Jun. 30, 2019	Jun. 30, 2018
Operating Loss Carryforwards		$ 3.5	$ 3.5
Subsequent Event | Net Operating Loss, Expiring Within 20 Years | Maximum
Operating Loss Carryforwards	$ 1.2

INCOME TAXES - UNRECOGNIZED TAX

INCOME TAXES - UNRECOGNIZED TAX BENEFITS RECONCILIATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
BEGINNING OF YEAR	$ 466	$ 470	$ 465	$ 857
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions		85	26	87
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions		(94)	(38)	(147)
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions		71	87	75
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	$ (140)	(37)	(45)	(381)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations		(27)	(20)	(22)
Unrecognized Tax Benefits, Increases (Decreases) Resulting From Currency Translation		(2)	(5)	(4)
END OF YEAR		$ 466	$ 470	$ 465

INCOME TAXES - DEFERRED INCOME

INCOME TAXES - DEFERRED INCOME TAX ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
DEFERRED TAX ASSETS
Deferred Tax Assets Pension And Postretirement Benefits	$ 1,591	$ 1,478
Deferred Tax Assets, Other Tax Carryforwards	1,007	1,067
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	421	476
Deferred Tax Assets, Property, Plant and Equipment	232	223
Deferred Tax Assets Accrued Marketing And Promotion Expense	334	223
Deferred Tax Assets, Unrealized Losses on Trading Securities	73	61
Deferred Tax Assets, Inventory	41	35
Deferred Tax Assets Accrued Interest And Taxes	15	17
Deferred Tax Assets, Advance Payment	0	4
Deferred Tax Assets, Other	931	699
Deferred Tax Assets, Valuation Allowance	(442)	(457)
Deferred Tax Assets, Net of Valuation Allowance	4,203	3,826
DEFERRED TAX LIABILITIES
Deferred Tax Liabilities, Goodwill and Intangible Assets	6,506	6,168
Deferred Tax Liabilities, Property, Plant and Equipment	1,413	1,276
Deferred Tax Liabilities, Foreign Withholding Tax on Earnings to be Repatriated	239	244
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	147	169
Deferred Tax Liabilities, Other	351	161
Deferred Tax Liabilities, Net	$ 8,656	$ 8,018

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		3 Months Ended																12 Months Ended
		Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2019		Jun. 30, 2018		Jun. 30, 2017
Net Earnings																		$ 3,966		$ 9,861		$ 15,411
Net Earnings Attributable to Noncontrolling Interest																		69		111		85
Net Income (Loss) Attributable to Parent		$ (5,241)		$ 2,745		$ 3,194		$ 3,199		$ 1,891		$ 2,511		$ 2,495		$ 2,853		3,897		9,750		15,326
Dividends, Preferred Stock																		263		265		247
Net Income (Loss) Available to Common Stockholders, Basic																		3,634		9,485		15,079
Net Income (Loss) Available to Common Stockholders, Diluted																		$ 3,634		$ 9,750		$ 15,326
Weighted Average Number of Shares Outstanding, Basic																		2,503.6		2,529.3		2,598.1
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock																		0		94.9		99.3
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[1]																	35.9		32.5		43
Weighted Average Number of Shares Outstanding, Diluted																		2,539.5		2,656.7		2,740.4
Earnings Per Share, Basic	[2],[3]																	$ 1.45		$ 3.75		$ 5.80
Earnings Per Share, Diluted		$ (2.12)	[4],[5]	$ 1.04	[4],[5]	$ 1.22	[4],[5]	$ 1.22	[4],[5]	$ 0.72	[4],[5]	$ 0.95	[4],[5]	$ 0.93	[4],[5]	$ 1.06	[4],[5]	$ 1.43	[2],[3],[4],[5]	$ 3.67	[2],[3],[4],[5]	$ 5.59	[2],[3]
Continuing Operations
Net Earnings																						$ 10,194
Net Earnings Attributable to Noncontrolling Interest																						85
Net Income (Loss) Attributable to Parent																						10,109
Dividends, Preferred Stock																						247
Net Income (Loss) Available to Common Stockholders, Basic																						9,862
Net Income (Loss) Available to Common Stockholders, Diluted																						$ 10,109
Weighted Average Number of Shares Outstanding, Basic																						2,598.1
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock																						99.3
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[1]																					43
Weighted Average Number of Shares Outstanding, Diluted																						2,740.4
Earnings Per Share, Basic	[2]																					$ 3.79
Earnings Per Share, Diluted	[2]																					$ 3.69
Discontinued Operations
Net Earnings																						$ 5,217
Net Earnings Attributable to Noncontrolling Interest																						0
Net Income (Loss) Attributable to Parent																						5,217
Dividends, Preferred Stock																						0
Net Income (Loss) Available to Common Stockholders, Basic																						5,217
Net Income (Loss) Available to Common Stockholders, Diluted																						$ 5,217
Weighted Average Number of Shares Outstanding, Basic																						2,598.1
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock																						99.3
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[1]																					43
Weighted Average Number of Shares Outstanding, Diluted																						2,740.4
Earnings Per Share, Basic	[2]																					$ 2.01
Earnings Per Share, Diluted	[2]																					$ 1.90
[1]	Weighted average outstanding stock options of approximately 13 million in 2019 , 48 million in 2018 and 20 million in 2017 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 assumed proceeds upon exercise would have exceeded the market value of the underlying common shares).
[2]	Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[3]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.
[4]	Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.
[5]	Diluted net earnings/(loss) per share in each quarter is computed using the weighted average number of shares outstanding during that quarter while Diluted net earnings/(loss) per share for the full year is computed using the weighted average number of shares outstanding during the year. In the quarter ended June 30, 2019, the Company reported a Net loss attributable to P&G, driven by the Shave Care impairment charges discussed in Note 4. This caused certain of our equity instruments to be antidilutive for the full year (preferred shares) and for the quarter ended June 30, 2019 (preferred shares and equity awards). Because these securities were dilutive during the first three quarters of this fiscal year, the sum of the four quarters' Diluted net earnings/(loss) per share will not equal the full-year Diluted net earnings per common share.

EARNINGS PER SHARE - ANTIDILUTI

EARNINGS PER SHARE - ANTIDILUTIVE SECURITIES (Details) - shares shares in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 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	13	48	20
Convertible Preferred Stock [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	90

STOCK-BASED COMPENSATION - ADDI

STOCK-BASED COMPENSATION - ADDITIONAL INFORMATION (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Key Manager, Long-term Incentive, Stock Options Vest After Three Years, Life	10 years
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	185
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	41
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 205	$ 175	$ 163
Employee Stock Option
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 174
Employee Service Share Based Compensation Unrecognized Compensation Costs Nonvested Awards Weighted Average Period Of Recognition	1 year 10 months 24 days
Restricted Stock, RSUs and PSUs
Employee Service Share-based Compensation, Nonvested Awards, Compensation Cost Not yet Recognized	$ 261
Employee Service Share Based Compensation Unrecognized Compensation Costs Nonvested Awards Weighted Average Period Of Recognition	2 years

STOCK-BASED COMPENSATION - SHAR

STOCK-BASED COMPENSATION - SHARE-BASED COMPENSATION ACTIVITY (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation	$ 515	$ 395	$ 351
Continuing and Discontinued Operations
Stock or Unit Option Plan Expense	246	220	216	[1]
Other Stock-Based Compensation Expense	269	175	150	[1]
Share-based Compensation	515	395	366	[1]
Employee Service Share-based Compensation, Tax Benefit from Compensation Expense	$ 101	$ 87	$ 111	[1]
[1]	Includes amounts related to discontinued operations, which are not material.

STOCK-BASED COMPENSATION - ASSU

STOCK-BASED COMPENSATION - ASSUMPTIONS UTIILIZED IN THE BINOMIAL LATTICE-BASED VALUATION MODEL (Details)	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	2.50%	1.90%	0.80%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	2.70%	2.90%	2.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	2.60%	2.80%	2.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	3.00%	3.10%	3.20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	17.00%	18.00%	15.00%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	9 years 2 months 12 days	9 years 2 months 12 days	9 years 7 months 6 days

STOCK-BASED COMPENSATION - OPTI

STOCK-BASED COMPENSATION - OPTIONS OUTSTANDING (Details) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)$ / sharesshares
Options
Outstanding, Beginning of Year | shares	205,654
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	13,451
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares	(53,670)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | shares	(694)
Outstanding, End of Year | shares	164,741
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares	110,504
Weighted Average Exercise Price
Outstanding, Beginning of Year | $ / shares	$ 74.21
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares	95.78
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares	(62.99)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares	(81.58)
Outstanding, End of Year | $ / shares	79.59
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ / shares	$ 75.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Additional Disclosures [Abstract]
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Weighted Average Remaining Contractual Term	5 years 7 months 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	4 years 2 months 12 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 4,951
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $	$ 3,822

STOCK BASED COMPENSATION - STOC

STOCK BASED COMPENSATION - STOCK OPTIONS (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 13.60	$ 11.89	$ 10.45
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 1,770	$ 500	$ 1,334
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	180	209	246
Proceeds from Stock Options Exercised	3,381	1,245	2,630
Employee Service Share-based Compensation, Tax Benefit from Exercise of Stock Options	$ 221	$ 127	$ 421

STOCK-BASED COMPENSATION - SCHE

STOCK-BASED COMPENSATION - SCHEDULE OF NON-VESTED RSUs AND PSUs (Details)	12 Months Ended
	Jun. 30, 2019$ / sharesshares
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	5,376
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	1,970
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(1,685)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(168)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	5,493
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 77.17
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	96.74
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	(78.40)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	(79.67)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 84
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	1,385
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	555
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(642)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(3)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	1,295
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 84.08
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	112.83
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	(91.40)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	(92.72)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 92.98

POSTRETIREMENT BENEFITS AND E_3

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - DEFINED CONTRIBUTION RETIREMENT PLANS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan, Cost	$ 272	$ 292	$ 270
UNITED STATES
Defined Contribution Plan Disclosure [Line Items]
Defined Contribution Plan Contribution Rate	14.00%	14.00%	14.00%

POSTRETIREMENT BENEFITS AND E_4

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ADDITIONAL INFORMATION (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017	Jun. 30, 2020	Jun. 30, 1991	Jun. 30, 1989
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation		$ 15,790	$ 14,370
Equity Securities
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Minimum		8.00%
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Maximum		9.00%
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	[1]	6.60%	6.80%	6.90%
Pension Plan | Series A Preferred Stock
Defined Benefit Plan Disclosure [Line Items]
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Amount							$ 1,000
Employee Stock Ownership Plan (ESOP), Debt Structure, Employer Loan Guarantee		$ 42
Preferred Stock, Dividends, Per Share, Cash Paid		$ 2.90
Preferred Stock, Liquidation Preference Per Share		$ 6.82
Other Retiree Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	[1]	8.30%	8.30%	8.30%
Other Retiree Benefits | Series B Preferred Stock
Defined Benefit Plan Disclosure [Line Items]
Employee Stock Ownership Plan (ESOP), Debt Structure, Direct Loan, Amount						$ 1,000
Employee Stock Ownership Plan (ESOP), Debt Structure, Employer Loan Guarantee		$ 876
Preferred Stock, Dividends, Per Share, Cash Paid		$ 2.90
Preferred Stock, Liquidation Preference Per Share		$ 12.96
Treasury Stock
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets		8.50%
Bonds
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Minimum		5.00%
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Maximum		6.00%
Subsequent Event | Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					$ 156
Subsequent Event | Other Retiree Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					39
Subsequent Event | Pension Plan - Contribution to Funded Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					94
Subsequent Event | Pension Plan - Contribution to Funded Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					62
Subsequent Event | Other Postretirement Benefits Plan - Contribution to Unfunded Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					27
Subsequent Event | Other Postretirement Benefits Plan - Contribution to Funded Plans
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					$ 12
[1]	Determined as of beginning of fiscal year.

POSTRETIREMENT BENEFITS AND E_5

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - RECONCILIATION OF BENEFIT OBLIGATIONS AND PLAN ASSETS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019		Jun. 30, 2018		Jun. 30, 2017
Pension Plan
CHANGE IN BENEFIT OBLIGATION
Defined Benefit Plan, Benefit Obligation, Beginning of Year	[1],[2]	$ 15,658		$ 16,160
Defined Benefit Plan, Service Cost	[3]	259	[2]	280	[2]	$ 310
Defined Benefit Plan, Interest Cost		339	[2]	348	[2]	300
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant	[2]	12		13
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment	[2]	9		12
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	[2]	1,587		(722)
Defined Benefit Plan, Acquisitions (Divestitures), Benefit Obligation	[2]	49		0
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits	[2]	13		8
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss)	[2]	(283)		148
Defined Benefit Plan, Benefit Obligation, Benefits Paid	[2]	(606)		(589)
Defined Benefit Plan, Benefit Obligation, End of Year	[1],[2]	17,037		15,658		16,160
CHANGE IN PLAN ASSETS
Defined Benefit Plan, Fair Value of Plan Assets, Beginning of Year	[2]	11,267		10,829
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss)	[2]	739		553
Defined Benefit Plan Acquisitions Divestitures Plan Assets	[2]	4		0
Defined Benefit Plan, Plan Assets, Contributions by Employer	[2]	178		406
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant	[2]	12		13
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss)	[2]	(212)		55
Defined Benefit Plan, ESOP Debt Servicing	[2],[4]	0		0
Defined Benefit Plan, Plan Assets, Benefits Paid	[2]	(606)		(589)
Defined Benefit Plan, Fair Value of Plan Assets, End of Year	[2]	11,382		11,267		10,829
Defined Benefit Plan, Funded (Unfunded) Status of Plan	[2]	(5,655)		(4,391)
Other Retiree Benefits
CHANGE IN BENEFIT OBLIGATION
Defined Benefit Plan, Benefit Obligation, Beginning of Year	[1],[5]	4,778		5,187
Defined Benefit Plan, Service Cost	[3]	101	[5]	112	[5]	133
Defined Benefit Plan, Interest Cost		187	[5]	177	[5]	175
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant	[5]	76		73
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment	[5]	0		(231)
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	[5]	37		(308)
Defined Benefit Plan, Acquisitions (Divestitures), Benefit Obligation	[5]	0		0
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits	[5]	8		7
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss)	[5]	20		5
Defined Benefit Plan, Benefit Obligation, Benefits Paid	[5]	(243)		(244)
Defined Benefit Plan, Benefit Obligation, End of Year	[1],[5]	4,964		4,778		5,187
CHANGE IN PLAN ASSETS
Defined Benefit Plan, Fair Value of Plan Assets, Beginning of Year	[5]	3,259		3,831
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss)	[5]	1,918		(481)
Defined Benefit Plan Acquisitions Divestitures Plan Assets	[5]	0		0
Defined Benefit Plan, Plan Assets, Contributions by Employer	[5]	31		33
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant	[5]	76		73
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss)	[5]	(1)		(3)
Defined Benefit Plan, ESOP Debt Servicing	[4],[5]	56		50
Defined Benefit Plan, Plan Assets, Benefits Paid	[5]	(243)		(244)
Defined Benefit Plan, Fair Value of Plan Assets, End of Year	[5]	5,096		3,259		$ 3,831
Defined Benefit Plan, Funded (Unfunded) Status of Plan	[5]	$ 132		$ (1,519)
[1]	For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation.
[2]	Primarily non-U.S.-based defined benefit retirement plans.
[3]	Service cost includes amounts related to discontinued operations in fiscal year ended June 30, 2017, which are not material.
[4]	Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits.
[5]	Primarily U.S.-based other postretirement benefit plans.

POSTRETIREMENT BENEFITS AND E_6

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - RECONCILIATION OF BENEFIT PLANS RECOGNIZED IN THE BALANCE SHEET (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Pension Plan
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Assets for Plan Benefits, Defined Benefit Plan	$ 19	$ 420
Liability, Defined Benefit Plan, Current	(52)	(43)
Liability, Defined Benefit Plan, Noncurrent	(5,622)	(4,768)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position	(5,655)	(4,391)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax	5,062	3,787
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax	214	244
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax	5,276	4,031
Other Retiree Benefits
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Assets for Plan Benefits, Defined Benefit Plan	1,257	0
Liability, Defined Benefit Plan, Current	(27)	(24)
Liability, Defined Benefit Plan, Noncurrent	(1,098)	(1,495)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position	132	(1,519)
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax	874	2,366
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax	(424)	(478)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax	$ 450	$ 1,888

POSTRETIREMENT BENEFITS AND E_7

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - PENSION PLANS WITH ACCUMULATED AND PROJECTED BENEFIT OBLIGATIONS IN EXCESS OF PLAN ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets
Defined Benefit Plan, Pension Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation	$ 11,604	$ 8,467
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation	10,711	7,573
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets	6,026	3,740
Projected Benefit Obligation Exceeds the Fair Value of Plan Assets
Defined Benefit Plan, Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets, Aggregate Projected Benefit Obligation	16,304	8,962
Defined Benefit Plan, Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets, Aggregate Accumulated Benefit Obligation	15,096	7,974
Defined Benefit Plan, Pension Plans With Projected Benefit Obligations In Excess Of Plan Assets, Aggregate Fair Value Of Plan Assets	$ 10,630	$ 4,150

POSTRETIREMENT BENEFITS AND E_8

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - COMPONENTS OF NET PERIODIC BENEFIT COST (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019		Jun. 30, 2018		Jun. 30, 2017
Pension Plan
AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST
Defined Benefit Plan, Service Cost	[2]	$ 259	[1]	$ 280	[1]	$ 310
Defined Benefit Plan, Interest Cost		339	[1]	348	[1]	300
Defined Benefit Plan, Expected Return (Loss) on Plan Assets		(732)		(751)		(675)
Defined Benefit Plan, Amortization of Gain (Loss)		225		295		375
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)		26		28		28
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment		9		0	[3]	186
Defined Benefit Plan, Other Cost (Credit)		13		8		4
Defined Benefit Plan Gross Periodic Benefit Cost		139		208		528
Employee Stock Ownership Plan (ESOP), Dividends on ESOP Preferred Stock		0		0		0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)		139		208		528
CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax		1,580		(524)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax		9		12
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax		(225)		(295)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax		(26)		(28)
Other Comprehensive Income Defined Benefit Plan Settlement And Curtailment Cost Before Tax		(9)		0
Other Comprehensive Income, Defined Benefit Plan, Currency Translation and Other, Before Tax		(84)		73
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax		1,245		(762)
Defined Benefit Plans, Amount Recognized In Periodic Benefit Cost And Accumulated Other Comprehensive Income		1,384		(554)
Other Retiree Benefits
AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST
Defined Benefit Plan, Service Cost	[2]	101	[4]	112	[4]	133
Defined Benefit Plan, Interest Cost		187	[4]	177	[4]	175
Defined Benefit Plan, Expected Return (Loss) on Plan Assets		(447)		(451)		(431)
Defined Benefit Plan, Amortization of Gain (Loss)		66		69		122
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)		(48)		(41)		(45)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment		0		0	[3]	16
Defined Benefit Plan, Other Cost (Credit)		8		7	[3]	21
Defined Benefit Plan Gross Periodic Benefit Cost		(133)		(127)		(9)
Employee Stock Ownership Plan (ESOP), Dividends on ESOP Preferred Stock		(28)		(37)		(45)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)		(161)		(164)		$ (54)
CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax		(1,434)		624
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax		0		(231)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax		(66)		(69)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax		48		41
Other Comprehensive Income Defined Benefit Plan Settlement And Curtailment Cost Before Tax		0		0
Other Comprehensive Income, Defined Benefit Plan, Currency Translation and Other, Before Tax		14		(3)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax		(1,438)		362
Defined Benefit Plans, Amount Recognized In Periodic Benefit Cost And Accumulated Other Comprehensive Income		$ (1,599)		$ 198
[1]	Primarily non-U.S.-based defined benefit retirement plans.
[2]	Service cost includes amounts related to discontinued operations in fiscal year ended June 30, 2017, which are not material.
[3]	For fiscal year ended June 30, 2017, amortization of net actuarial loss/prior service cost due to settlement and curtailments and $18 of the special termination benefits are included in Net earnings from discontinued operations.
[4]	Primarily U.S.-based other postretirement benefit plans.

POSTRETIREMENT BENEFITS AND E_9

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - COMPONENTS OF NET PERIODIC BENEFIT COST - ADDITIONAL INFORMATION (Details) - Other Postretirement Benefit Plan - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018		Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Other Cost (Credit)	$ 8	$ 7	[1]	$ 21
Discontinued Operations
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Other Cost (Credit)		$ 18
[1]	For fiscal year ended June 30, 2017, amortization of net actuarial loss/prior service cost due to settlement and curtailments and $18 of the special termination benefits are included in Net earnings from discontinued operations.

POSTRETIREMENT BENEFITS AND _10

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - AMOUNTS EXPECTED TO BE AMORTIZED FROM ACCUMULATED OTHER COMPREHENSIVE INCOME INTO NET PERIODIC BENEFIT COST (Details) - Subsequent Event $ in Millions	Jun. 30, 2020USD ($)
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year	$ 344
Defined Benefit Plan, Expected Amortization of Prior Service Cost (Credit), Next Fiscal Year	25
Other Retiree Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Amortization of Gain (Loss), Next Fiscal Year	68
Defined Benefit Plan, Expected Amortization of Prior Service Cost (Credit), Next Fiscal Year	$ (48)

POSTRETIREMENT BENEFITS AND _11

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - WEIGHTED AVERAGE ASSUMPTIONS FOR THE BENEFIT CALCULATIONS AS WELL AS ASSUMED HEALTH CARE TREND RATES (Details)		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Pension Plan
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	[1]	1.90%	2.50%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	[1]	2.60%	2.60%
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	[2]	2.50%	2.40%	2.10%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	[2]	6.60%	6.80%	6.90%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	[2]	2.60%	3.00%	2.90%
Other Retiree Benefits
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Benefit Obligation [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Discount Rate	[1]	3.70%	4.20%
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year	[1]	6.60%	6.60%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	[1]	4.90%	4.90%
Defined Benefit Plan, Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate	[1]	2026	2025
Defined Benefit Plan, Weighted Average Assumptions Used in Calculating Net Periodic Benefit Cost [Abstract]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	[2]	4.20%	3.90%	3.60%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	[2]	8.30%	8.30%	8.30%
[1]	Determined as of end of fiscal year.
[2]	Determined as of beginning of fiscal year.

POSTRETIREMENT BENEFITS AND _12

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ONE-PERCENTAGE POINT CHANGE IN ASSUMED HEALTH CARE COST TREND RATES (Details) $ in Millions	12 Months Ended
	Jun. 30, 2019USD ($)
Defined Benefit Plan, Effect of One-Percentage Point Change in Assumed Health Care Cost Trend Rate [Abstract]
Defined Benefit Plan, Effect of One Percentage Point Increase on Service and Interest Cost Components	$ 60
Defined Benefit Plan, Effect of One Percentage Point Decrease on Service and Interest Cost Components	(45)
Defined Benefit Plan, Effect of One Percentage Point Increase on Accumulated Postretirement Benefit Obligation	755
Defined Benefit Plan, Effect of One Percentage Point Decrease on Accumulated Postretirement Benefit Obligation	$ (619)

POSTRETIREMENT BENEFITS AND _13

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - TARGET AND ACTUAL ASSET ALLOCATION (Details)	Jun. 30, 2019	Jun. 30, 2018
Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100.00%	100.00%
Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100.00%	100.00%
Cash and Cash Equivalents | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	1.00%	2.00%
Cash and Cash Equivalents | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	2.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	3.00%	1.00%
Debt Securities | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	67.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	63.00%	59.00%
Debt Securities | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	3.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	2.00%	4.00%
Equity Securities | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	33.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	36.00%	39.00%
Equity Securities | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	95.00%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	95.00%	95.00%

POSTRETIREMENT BENEFITS AND _14

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - FAIR VALUE OF PLAN ASSETS (Details) - USD ($) $ in Millions		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Pension Plan
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[1]	$ 11,382	$ 11,267	$ 10,829
Pension Plan | Fair Value, Inputs, Level 1, 2 and 3 [Member]
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		425	536
Pension Plan | Cash and Cash Equivalents | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		47	136
Pension Plan | Company Stock | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		0	0
Pension Plan | Other Assets | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[2]	378	400
Pension Plan | Other Assets | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[2]	0	165
Pension Plan | Other Assets | Fair Value Measured at Net Asset Value Per Share [Member]
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		10,957	10,731
Other Retiree Benefits
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[3]	5,096	3,259	$ 3,831
Other Retiree Benefits | Fair Value, Inputs, Level 1, 2 and 3 [Member]
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		4,948	3,101
Other Retiree Benefits | Cash and Cash Equivalents | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		111	5
Other Retiree Benefits | Company Stock | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[4]	4,836	3,092
Other Retiree Benefits | Other Assets | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[2]	1	4
Other Retiree Benefits | Other Assets | Fair Value Measured at Net Asset Value Per Share [Member]
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		$ 148	$ 158
[1]	Primarily non-U.S.-based defined benefit retirement plans.
[2]	The Company's other pension plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension plan asset balances classified as Level 1 or Level 2 within the fair value hierarchy.
[3]	Primarily U.S.-based other postretirement benefit plans.
[4]	Company stock is net of ESOP debt discussed below

POSTRETIREMENT BENEFITS AND _15

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - FAIR VALUE OF PLAN ASSETS - ADDITIONAL INFORMATION (Details) - Pension Plan - USD ($) $ in Millions		Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[1]	$ 11,382	$ 11,267	$ 10,829
Other Assets | Fair Value, Inputs, Level 2
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[2]	0	165
Other Assets | Fair Value, Inputs, Level 3
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan Assets, Amount	[2]	$ 0	$ 165
[1]	Primarily non-U.S.-based defined benefit retirement plans.
[2]	The Company's other pension plan assets measured at fair value are generally classified as Level 3 within the fair value hierarchy. There are no material other pension plan asset balances classified as Level 1 or Level 2 within the fair value hierarchy.

POSTRETIREMENT BENEFITS AND _16

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - TOTAL BENEFIT PAYMENTS EXPECTED TO BE PAID (Details) $ in Millions	Jun. 30, 2019USD ($)
Pension Plan
EXPECTED BENEFIT PAYMENTS
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	$ 518
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	536
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	549
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	574
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	583
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	3,220
Other Retiree Benefits
EXPECTED BENEFIT PAYMENTS
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	191
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	203
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	214
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	224
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	233
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	$ 1,283

POSTRETIREMENT BENEFITS AND _17

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ESOP SHARES OUTSTANDING (Details) - shares shares in Thousands	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Series A Preferred Stock
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	31,600	34,233	36,488
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	3,259	4,117	5,060
Employee Stock Ownership Plan (ESOP), Shares in ESOP	34,859	38,350	41,548
Series B Preferred Stock
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	26,790	25,895	25,378
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	26,471	28,512	30,412
Employee Stock Ownership Plan (ESOP), Shares in ESOP	53,261	54,407	55,790

RISK MANAGEMENT ACTIVITIES AN_7

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ADDITIONAL INFORMATION (Details)	12 Months Ended
	Jun. 30, 2019
Commodity Option
Derivative [Line Items]
Derivative, Term of Contract	1 year
Swap
Derivative [Line Items]
Derivative, Term of Contract	5 years

RISK MANAGEMENT ACTIVITIES AN_8

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 6,217	$ 9,422
US Government Debt Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	3,648	5,544
Corporate Bond Securities
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	2,400	3,737
Other Investments
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Investments, Fair Value Disclosure	$ 169	$ 141

RISK MANAGEMENT ACTIVITIES AN_9

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - AVAILABLE FOR SALE ASSETS - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
US Government Debt Securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	$ 100	$ 2,003
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	3,556	3,659
Corporate Bond Securities
Debt Securities, Available-for-sale [Line Items]
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, within One Year, Amortized Cost	1,347	1,291
Debt Securities, Available-for-sale, Maturity, Allocated and Single Maturity Date, after One Through Five Years, Amortized Cost	$ 1,057	$ 2,503

RISK MANAGEMENT ACTIVITIES A_10

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ASSETS - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Schedule of Investments [Line Items]
Cash Equivalents, at Carrying Value	$ 2,956	$ 1,516

RISK MANAGEMENT ACTIVITIES A_11

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - LIABILITIES - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Fair Value Disclosures [Abstract]
Long-term Debt, Fair Value	$ 25,378	$ 23,402
Long Term Debt, Current Maturities measured at Fair Value	$ 3,390	$ 1,769

RISK MANAGEMENT ACTIVITIES A_12

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - NOTIONAL AMOUNTS AND FAIR VALUES OF QUALIFYING AND NON-QUALIFYING FINANCIAL INSTRUMENTS USED IN HEDGING TRANSACTIONS (Details) - USD ($) $ in Millions	Jun. 30, 2019	Jun. 30, 2018
Derivative, Notional Amount	$ 17,309	$ 13,793
Derivative Asset	239	196
Derivative Liability	(45)	(184)
Net Investment Hedging
Derivative, Notional Amount	3,157	1,848
Derivative Asset	35	41
Derivative Liability	(24)	(75)
Designated as Hedging Instrument
Derivative, Notional Amount	10,878	6,435
Derivative Asset	212	166
Derivative Liability	(25)	(128)
Interest Rate Contract | Fair Value Hedging
Derivative, Notional Amount	7,721	4,587
Derivative Asset	177	125
Derivative Liability	(1)	(53)
Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivative, Notional Amount	6,431	7,358
Derivative Asset	27	30
Derivative Liability	$ (20)	$ (56)

RISK MANAGEMENT ACTIVITIES A_13

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) - Underlying, Other - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Fair Value Hedging
Derivative [Line Items]
Underlying Debt Obligation, Carrying Amount	$ 7,860	$ 4,639
Net Investment Hedging
Derivative [Line Items]
Underlying Debt Obligation, Carrying Amount	$ 17,154	$ 15,012

RISK MANAGEMENT ACTIVITIES A_14

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - GAINS AND LOSSES ON DERIVATIVES IN NET INVESTMENT HEDGES (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019	Jun. 30, 2018
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net		$ 70	$ 138
Other Comprehensive Income (Loss), Unrealized Gain (Loss) on Derivatives Arising During Period, before Tax	[1],[2]	47	(187)
Accumulated Other Comprehensive Income, Gain (Loss)		$ 299	$ (391)
[1]	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 $299 and $(391) , as of June 30, 2019 and 2018 , respectively.
[2]	For the derivatives in net investment hedging relationships, the amount of gain/(loss) excluded from effectiveness testing, which was recognized in earnings, was $70 and $138 for the fiscal year ended June 30, 2019 and 2018 , respectively.

RISK MANAGEMENT ACTIVITIES A_15

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - AMOUNT OF GAINS AND LOSSES ON OUTSTANDING DERIVATIVES - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018
Interest Rate Contract | Fair Value Hedging
Derivative, Gain (Loss) on Derivative, Net	$ 104	$ (106)
Not Designated as Hedging Instrument | Foreign Exchange Contract
Derivative, Gain (Loss) on Derivative, Net	$ 54	$ (1)

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - SHORT-TERM DEBT (Details) - USD ($) $ in Millions		Jun. 30, 2019	Jun. 30, 2018
Debt, Current [Abstract]
Long-term Debt, Current Maturities		$ 3,388	$ 1,772
Commercial Paper		6,183	7,761
Other Short-term Borrowings		126	890
Debt, Current		$ 9,697	$ 10,423
Short-term Debt, Weighted Average Interest Rate, at Point in Time	[1]	0.50%	0.70%
[1]	Short-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.

SHORT-TERM AND LONG-TERM DEBT_2

SHORT-TERM AND LONG-TERM DEBT - LONG-TERM DEBT (Details) - USD ($) $ in Millions		Jun. 30, 2019	Jun. 30, 2018
LONG-TERM DEBT
Other Long-term Debt		$ 3,779	$ 4,717
Long-term Debt, Current Maturities		(3,388)	(1,772)
Long-term Debt, Excluding Current Maturities		$ 20,395	$ 20,863
Long-term Debt, Weighted Average Interest Rate, at Point in Time	[1]	2.40%	2.50%
1.75% USD note due October 2019
LONG-TERM DEBT
Notes Payable, Noncurrent		$ 600	$ 600
1.90% USD note due November 2019
LONG-TERM DEBT
Notes Payable, Noncurrent		550	550
0.28% JPY note due May 2020
LONG-TERM DEBT
Notes Payable, Noncurrent		929	903
1.90% USD note due October 2020
LONG-TERM DEBT
Notes Payable, Noncurrent		600	600
4.13% EUR note due December 2020
LONG-TERM DEBT
Notes Payable, Noncurrent		682	698
9.36% ESOP debentures due 2019-2021 (1)
LONG-TERM DEBT
Notes Payable, Noncurrent	[2]	228	327
1.85% USD note due February 2021
LONG-TERM DEBT
Notes Payable, Noncurrent		600	600
1.70% USD note due November 2021
LONG-TERM DEBT
Notes Payable, Noncurrent		875	875
2.00% EUR note due November 2021
LONG-TERM DEBT
Notes Payable, Noncurrent		852	873
2.30% USD note due February 2022
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
2.15% USD note due August 2022
LONG-TERM DEBT
Notes Payable, Noncurrent		1,250	1,250
2.00% EUR note due August 2022
LONG-TERM DEBT
Notes Payable, Noncurrent		1,137	1,164
3.10% USD note due August 2023
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
1.13% EUR note due November 2023
LONG-TERM DEBT
Notes Payable, Noncurrent		1,421	1,455
0.50% EUR note due October 2024
LONG-TERM DEBT
Notes Payable, Noncurrent		568	582
0.63% EUR note due October 2024 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		909	0
2.70% USD note due February 2026
LONG-TERM DEBT
Notes Payable, Noncurrent		600	600
2.45% USD note due November 2026
LONG-TERM DEBT
Notes Payable, Noncurrent		875	875
4.88% EUR note due May 2027
LONG-TERM DEBT
Notes Payable, Noncurrent		1,137	1,164
2.85% USD note due August 2027
LONG-TERM DEBT
Notes Payable, Noncurrent		750	750
1.20% EUR note due October 2028 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		909	0
1.25% EUR note due October 2029
LONG-TERM DEBT
Notes Payable, Noncurrent		568	582
5.55% USD note due March 2037
LONG-TERM DEBT
Notes Payable, Noncurrent		763	763
1.88% EUR note due October 2038 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		568	0
3.50% USD note due October 2047
LONG-TERM DEBT
Notes Payable, Noncurrent		600	600
Capital Lease Obligations
LONG-TERM DEBT
Other Long-term Debt		$ 33	$ 107
[1]	Long-term weighted average interest rates include the effects of interest rate swaps discussed in Note 9.
[2]	Debt issued by the ESOP is guaranteed by the Company and is recorded as debt of the Company, as discussed in Note 8.

SHORT-TERM AND LONG-TERM DEBT_3

SHORT-TERM AND LONG-TERM DEBT - LONG-TERM DEBT MATURITIES (Details) $ in Millions	Jun. 30, 2019USD ($)
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 3,388
Long-term Debt, Maturities, Repayments of Principal in Year Two	2,009
Long-term Debt, Maturities, Repayments of Principal in Year Three	2,840
Long-term Debt, Maturities, Repayments of Principal in Year Four	2,465
Long-term Debt, Maturities, Repayments of Principal in Year Five	$ 2,461

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME - STATEMENT OF AOCI (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2019		Jun. 30, 2018		Jun. 30, 2017
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (14,749)		$ (14,632)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(89)	[1]	(372)	[2]
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings	[3]	(326)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		229	[4]	253	[5]
Other Comprehensive Income (Loss), Net of Tax		140		(119)		$ 1,275
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		1		(2)
Accumulated Other Comprehensive Income (Loss), Net of Tax		(14,936)		(14,749)		(14,632)
Accumulated Net Investment Gain (Loss) Attributable to Parent
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(173)		(25)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		167	[1]	(141)	[2]
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings	[3]	0
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		17	[4]	(7)	[5]
Other Comprehensive Income (Loss), Net of Tax		184		(148)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest				0
Accumulated Other Comprehensive Income (Loss), Net of Tax		11		(173)		(25)
Pension Plan
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(4,058)		(4,397)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(43)	[1]	74	[2]
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings	[3]	(308)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		212	[4]	260	[5]
Other Comprehensive Income (Loss), Net of Tax		169		334
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		1		(5)
Accumulated Other Comprehensive Income (Loss), Net of Tax		(4,198)		(4,058)		(4,397)
Foreign Currency Gain (Loss)
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax		(10,518)		(10,210)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax		(213)	[1]	(305)	[2]
Adoption of New Accounting Standard_Reclass from AOCI to Retained Earnings	[3]	(18)
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax		0	[4]	0	[5]
Other Comprehensive Income (Loss), Net of Tax		(213)		(305)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest		0		3
Accumulated Other Comprehensive Income (Loss), Net of Tax		$ (10,749)		$ (10,518)		$ (10,210)
[1]	Net of tax (benefit) / expense of $0 , $(44) and $78 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2019 .
[2]	Net of tax (benefit) / expense of $0 , $(23) and $(279) for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2018 .
[3]	Adjustment made to early adopt ASU 2018-02: "Reclassification of Certain Effects from Accumulated Other Comprehensive Income," as discussed in Note 1.
[4]	Net of tax (benefit) / expense of $0 , $66 , $0 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2019 .
[5]	Net of tax (benefit) / expense of $0 , $91 and $0 for gains/losses on investment securities, pension and other retiree benefit items and foreign currency translation, respectively, for the period ended June 30, 2018 .

ACCUMULATED OTHER COMPREHENSI_4

ACCUMULATED OTHER COMPREHENSIVE INCOME - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	$ 78	$ (279)	$ (186)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(22)	(68)	$ (551)
Reclassification out of Accumulated Other Comprehensive Income
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	0	0
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	66	91
Other Comprehensive Income (Loss)
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	78	(279)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	(44)	(23)
Accumulated Net Investment Gain (Loss) Attributable to Parent
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 0	$ 0

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - PURCHASE OBLIGATIONS (Details) $ in Millions	Jun. 30, 2019USD ($)
Unrecorded Unconditional Purchase Obligation, Rolling Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months	$ 633
Unrecorded Unconditional Purchase Obligation, Due within Two Years	221
Unrecorded Unconditional Purchase Obligation, Due within Three Years	176
Unrecorded Unconditional Purchase Obligation, Due within Four Years	87
Unrecorded Unconditional Purchase Obligation, Due within Five Years	106
Unrecorded Unconditional Purchase Obligation, Due after Five Years	$ 268

COMMITMENTS AND CONTINGENCIES_2

COMMITMENTS AND CONTINGENCIES - OPERATING LEASE PAYMENTS (Details) $ in Millions	Jun. 30, 2019USD ($)
Operating Leases, Future Minimum Payments Due, Rolling Maturity [Abstract]
Operating Leases, Future Minimum Payments Due, Next Twelve Months	$ 255
Operating Leases, Future Minimum Payments, Due in Two Years	213
Operating Leases, Future Minimum Payments, Due in Three Years	162
Operating Leases, Future Minimum Payments, Due in Four Years	166
Operating Leases, Future Minimum Payments, Due in Five Years	134
Operating Leases, Future Minimum Payments, Due Thereafter	$ 288

DISCONTINUED OPERATIONS - ADDIT

DISCONTINUED OPERATIONS - ADDITIONAL INFORMATION (Details) shares in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017USD ($)	Jun. 30, 2019USD ($)	Jun. 30, 2018USD ($)	Jun. 30, 2017USD ($)	Dec. 31, 2016USD ($)	Oct. 01, 2016USD ($)shares
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations		$ 0	$ 0	$ 5,217
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups - Number of Product Categories					4	4
Disposal Groups - Number of Brands					43
Disposal Group, Including Discontinued Operation, Consideration						$ 11,360
Disposal Groups - Consideration Received (Shares) | shares						105
Disposal Groups - Equity of New Company					$ 9,421	$ 9,400
Disposal Groups - Expected Consideration Received (Shares)						$ 1,900
Net Earnings/(Loss) from Discontinued Operations	$ 5,300			$ 5,217
Beauty Brands, Fine Fragrances
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups - Number of Brands					2
Beauty Brands Divested to Coty
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Disposal Groups - Number of Brands						41

DISCONTINUED OPERATIONS - NET E

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS (Details) - USD ($) $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations		$ 0	$ 0	$ 5,217
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations	$ 5,300			$ 5,217

DISCONTINUED OPERATIONS - NET_2

DISCONTINUED OPERATIONS - NET EARNINGS FROM DISCONTINUED OPERATIONS FOR BEAUTY BRANDS (Details) - USD ($) $ in Millions		3 Months Ended	12 Months Ended
		Dec. 31, 2017	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Earnings/(Loss) from Discontinued Operations			$ 0	$ 0	$ 5,217
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Net Sales, Discontinued Operations					1,159
Cost of Products Sold, Discontinued Operations					450
Selling, General and Administrative Expense, Discontinued Operations					783
Interest Expense, Discontinued Operations					14
Disposal Group, Including Discontinued Operation, Other Income					16
Discontinued Operation, Income (Loss) from Discontinued Operation During Phase-out Period, before Income Tax					(72)
Discontinued Operation, Tax Effect of Income (Loss) from Discontinued Operation During Phase-out Period					(46)
Gain on Disposition of Business, Before Income Taxes					5,197
Discontinued Operation, Tax (Expense) Benefit from Provision for (Gain) Loss on Disposal	[1]				(138)
Net Earnings/(Loss) from Discontinued Operations		$ 5,300			$ 5,217
[1]	The income tax benefit of the Beauty Brands divestiture represents the reversal of underlying deferred tax balances partially offset by current tax expense related to the transaction.

DISCONTINUED OPERATIONS - CASH

DISCONTINUED OPERATIONS - CASH FLOWS FOR BEAUTY BRANDS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Deferred Income Tax Expense (Benefit)	$ (411)	$ (1,844)	$ (601)
Gain (Loss) on Disposition of Business	678	176	5,490
Income Taxes Paid	$ 3,064	2,830	$ 3,714
Beauty Brands
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Depreciation and Amortization, Discontinued Operations		24
Deferred Income Tax Expense (Benefit)		(649)
Gain (Loss) on Disposition of Business		5,210
Increase (Decrease) in Accrued Taxes Payable		93
Income Taxes Paid		418
Capital Expenditure, Discontinued Operations		$ 38

ACQUISITION ACQUISITION - ALL_2

ACQUISITION ACQUISITION - ALLOCATION OF PURCHASE PRICE (Details) - USD ($) $ in Millions		Jun. 30, 2019	Nov. 30, 2018	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition [Line Items]
Goodwill		$ 40,273		$ 45,175	$ 44,699
PHC-MERCK ACQUISITION [Member]
Business Acquisition [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Assets			$ 419
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Property, Plant, and Equipment			121
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill			2,143
Goodwill			2,138
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Assets			143
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Assets			4,964
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Current Liabilities			233
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Deferred Tax Liabilities Noncurrent			767
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Noncurrent Liabilities			87
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities			1,087
Business Combination, Acquisition of Less than 100 Percent, Noncontrolling Interest, Fair Value	[1]		169
Business Combination, Recognized Identifiable Assets Acquired, Goodwill, and Liabilities Assumed, Less Noncontrolling Interest			$ 3,708
[1]	(1) Represents a 48% minority ownership interest in the Merck India company.

ACQUISITION ACQUISITION - FAI_2

ACQUISITION ACQUISITION - FAIR VALUE OF INTANGIBLES (Details) - PHC-MERCK ACQUISITION [Member] - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2018	Jun. 30, 2019
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 1,197
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 2,143
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 701
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	14 years
Patents and Developed Technology
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 162
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	10 years
Customer Relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Finite-Lived Intangibles	$ 334
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years	20 years
Brands
Acquired Finite-Lived Intangible Assets [Line Items]
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Indefinite-Lived Intangible Assets	$ 946

ACQUISITION ACQUISITION - ADDIT

ACQUISITION ACQUISITION - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	1 Months Ended	12 Months Ended
	Nov. 30, 2018	Jun. 30, 2019	Jun. 30, 2018	Jun. 30, 2017
Business Acquisition [Line Items]
Goodwill		$ 40,273	$ 45,175	$ 44,699
PHC-MERCK ACQUISITION [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	15 years
Goodwill	$ 2,138
Payments to Acquire Businesses, Gross	3,700
Business Acquisition, Goodwill, Expected Tax Deductible Amount	180
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Intangible Assets, Other than Goodwill	$ 2,143
Brands | PHC-MERCK ACQUISITION [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	14 years
Patents [Member] | PHC-MERCK ACQUISITION [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years
Customer Relationships | PHC-MERCK ACQUISITION [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life	20 years	20 years
Minimum | Brands | PHC-MERCK ACQUISITION [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		10 years
Maximum | Brands | PHC-MERCK ACQUISITION [Member]
Business Acquisition [Line Items]
Acquired Finite-lived Intangible Assets, Weighted Average Useful Life		20 years

QUARTERLY RESULTS (UNAUDITED)_2

QUARTERLY RESULTS (UNAUDITED) (Details) - USD ($) $ / shares in Units, $ in Millions	3 Months Ended																12 Months Ended
	Jun. 30, 2019		Mar. 31, 2019		Dec. 31, 2018		Sep. 30, 2018		Jun. 30, 2018		Mar. 31, 2018		Dec. 31, 2017		Sep. 30, 2017		Jun. 30, 2019		Jun. 30, 2018		Jun. 30, 2017
Net Sales	$ 17,094		$ 16,462		$ 17,438		$ 16,690		$ 16,503		$ 16,281		$ 17,395		$ 16,653		$ 67,684		$ 66,832		$ 65,058
Operating Income	$ (5,192)		$ 3,229		$ 3,896		$ 3,554		$ 2,587		$ 3,209		$ 3,919		$ 3,648		$ 5,487		$ 13,363		13,766
Gross Margin Percent of Net Sales	47.70%		48.80%		48.90%		49.20%		45.00%		48.50%		49.90%		50.30%		48.60%		48.50%
Net Income (Loss), Including Portion Attributable to Nonredeemable Noncontrolling Interest	$ (5,237)		$ 2,776		$ 3,216		$ 3,211		$ 1,890		$ 2,540		$ 2,561		$ 2,870		$ 3,966		$ 9,861
NET EARNINGS:
Net Income (Loss) Attributable to Parent	$ (5,241)		$ 2,745		$ 3,194		$ 3,199		$ 1,891		$ 2,511		$ 2,495		$ 2,853		$ 3,897		$ 9,750		$ 15,326
DILUTED NET EARNINGS PER COMMON SHARE
Earnings Per Share, Diluted	$ (2.12)	[1],[2]	$ 1.04	[1],[2]	$ 1.22	[1],[2]	$ 1.22	[1],[2]	$ 0.72	[1],[2]	$ 0.95	[1],[2]	$ 0.93	[1],[2]	$ 1.06	[1],[2]	$ 1.43	[1],[2],[3],[4]	$ 3.67	[1],[2],[3],[4]	$ 5.59	[3],[4]
[1]	Diluted net earnings per share is calculated on Net earnings attributable to Procter & Gamble.
[2]	Diluted net earnings/(loss) per share in each quarter is computed using the weighted average number of shares outstanding during that quarter while Diluted net earnings/(loss) per share for the full year is computed using the weighted average number of shares outstanding during the year. In the quarter ended June 30, 2019, the Company reported a Net loss attributable to P&G, driven by the Shave Care impairment charges discussed in Note 4. This caused certain of our equity instruments to be antidilutive for the full year (preferred shares) and for the quarter ended June 30, 2019 (preferred shares and equity awards). Because these securities were dilutive during the first three quarters of this fiscal year, the sum of the four quarters' Diluted net earnings/(loss) per share will not equal the full-year Diluted net earnings per common share.
[3]	Net earnings per share are calculated on Net earnings attributable to Procter & Gamble.
[4]	Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.

Uncategorized Items - fy181910-

Label	Element	Value
Retained Earnings [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	$ (200,000,000)
Noncontrolling Interest [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	(27,000,000)
AOCI Attributable to Parent [Member]
New Accounting Pronouncement or Change in Accounting Principle, Effect of Adoption, Quantification	us-gaap_NewAccountingPronouncementOrChangeInAccountingPrincipleEffectOfAdoptionQuantification	$ (326,000,000)