The Procter & Gamble Company (PG) 10-K 4 Aug 23 2023 FY Annual report Financial data

DOCUMENT AND ENTITY INFORMATION

DOCUMENT AND ENTITY INFORMATION - USD ($) $ in Billions	12 Months Ended
	Jun. 30, 2023	Jul. 31, 2023	Dec. 31, 2022
Entity Information [Line Items]
Entity Central Index Key	0000080424
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Amendment Flag	false
Entity Common Stock, Shares Outstanding		2,357,306,187
Entity Public Float			$ 357
Entity Address, Address Line One	One Procter & Gamble Plaza
Entity Address, State or Province	Cincinnati
Entity Address, State or Province	OH
Entity Address, Postal Zip Code	45202
City Area Code	513
Local Phone Number	983-1100
Entity Tax Identification Number	31-0411980
Entity Incorporation, State or Country Code	OH
Current Fiscal Year End Date	--06-30
Entity Well-known Seasoned Issuer	Yes
Entity Voluntary Filers	No
Entity Current Reporting Status	Yes
Entity File Number	1-434
Entity Registrant Name	PROCTER & GAMBLE CO
Document Information [Line Items]
ICFR Auditor Attestation Flag	true
Entity Shell Company	false
Document Type	10-K
Document Annual Report	true
Document Period End Date	Jun. 30, 2023
Document Transition Report	false
Entity Interactive Data Current	Yes
Common Stock
Entity Information [Line Items]
Trading Symbol	PG
Title of 12(b) Security	Common Stock, without Par Value
1.125% Notes due 2023 [Domain]
Entity Information [Line Items]
Trading Symbol	PG23A
Title of 12(b) Security	1.125% Notes due 2023
0.500% Notes due 2024 [Domain]
Entity Information [Line Items]
Trading Symbol	PG24A
Title of 12(b) Security	0.500% Notes due 2024
0.625% Notes due 2024 [Domain]
Entity Information [Line Items]
Trading Symbol	PG24B
Title of 12(b) Security	0.625% Notes due 2024
1.375% Notes due 2025 [Domain]
Entity Information [Line Items]
Trading Symbol	PG25
Title of 12(b) Security	1.375% Notes due 2025
0.110% Notes due 2026 [Domain]
Entity Information [Line Items]
Trading Symbol	PG26D
Title of 12(b) Security	0.110% Notes due 2026
3.250% EUR Notes due 2026 [Domain]
Entity Information [Line Items]
Trading Symbol	PG26E
Title of 12(b) Security	3.250% EUR Notes due 2026
4.875% EUR Notes due May 2027 [Domain]
Entity Information [Line Items]
Trading Symbol	PG27A
Title of 12(b) Security	4.875% EUR Notes due May 2027
1.200% Notes due 2028 [Domain]
Entity Information [Line Items]
Trading Symbol	PG28
Title of 12(b) Security	1.200% Notes due 2028
1.250% Notes due 2029 [Domain]
Entity Information [Line Items]
Trading Symbol	PG29B
Title of 12(b) Security	1.250% Notes due 2029
1.800% Notes due 2029 [Domain]
Entity Information [Line Items]
Trading Symbol	PG29A
Title of 12(b) Security	1.800% Notes due 2029
6.250% GBP notes due January 2030 [Domain]
Entity Information [Line Items]
Trading Symbol	PG30
Title of 12(b) Security	6.250% GBP Notes due January 2030
0.350% Notes due 2030 [Domain]
Entity Information [Line Items]
Trading Symbol	PG30C
Title of 12(b) Security	0.350% Notes due 2030
0.230% Notes due 2031 [Domain]
Entity Information [Line Items]
Trading Symbol	PG31A
Title of 12(b) Security	0.230% Notes due 2031
3.250% EUR Notes due 2031 [Domain]
Entity Information [Line Items]
Trading Symbol	PG31B
Title of 12(b) Security	3.250% EUR Notes due 2031
5.250% GBP notes due January 2033 [Domain]
Entity Information [Line Items]
Trading Symbol	PG33
Title of 12(b) Security	5.250% GBP Notes due January 2033
1.875% Notes due 2038 [Domain]
Entity Information [Line Items]
Trading Symbol	PG38
Title of 12(b) Security	1.875% Notes due 2038
0.900% Notes due 2041 [Domain]
Entity Information [Line Items]
Trading Symbol	PG41
Title of 12(b) Security	0.900% Notes due 2041
NEW YORK STOCK EXCHANGE, INC.
Entity Information [Line Items]
Security Exchange Name	NYSE
NEW YORK STOCK EXCHANGE, INC. | Common Stock
Entity Information [Line Items]
Security Exchange Name	NYSE

AUDIT INFORMATION

AUDIT INFORMATION	12 Months Ended
	Jun. 30, 2023
Auditor [Line Items]
Auditor Location	Cincinnati, Ohio
Auditor Name	Deloitte & Touche LLP
Auditor Firm ID	34

CONSOLIDATED STATEMENTS OF EARN

CONSOLIDATED STATEMENTS OF EARNINGS - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2021
Net Sales		$ 82,006		$ 80,187		$ 76,118
Cost of Goods and Services Sold		42,760		42,157		37,108
Selling, General and Administrative Expense		21,112		20,217		21,024
Operating Income		18,134		17,813		17,986
Interest Expense		(756)		(439)		(502)
Investment Income, Interest		307		51		45
Other Nonoperating Income (Expense)		668		570		86
Earnings from Continuing Operations Before Income Taxes		18,353		17,995		17,615
Income Taxes on Continuing Operations		3,615		3,202		3,263
Net Earnings		14,738		14,793		14,352
Net Earnings Attributable to Noncontrolling Interest		85		51		46
Net Income (Loss) Attributable to Parent		$ 14,653		$ 14,742		$ 14,306
BASIC NET EARNINGS PER COMMON SHARE
Earnings Per Share, Basic	[1]	$ 6.07		$ 6		$ 5.69
DILUTED NET EARNINGS PER COMMON SHARE
Earnings Per Share, Diluted		$ 5.90	[1]	$ 5.81	[2]	$ 5.50	[1]
[1]Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.[2]Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.

CONSOLIDATED STATEMENTS OF COMP

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net Earnings	$ 14,738	$ 14,793	$ 14,352
OTHER COMPREHENSIVE INCOME/(LOSS), NET OF TAX
Other Comprehensive Income (Loss), Foreign Currency Transaction and Translation Adjustment, Net of Tax	(71)	(1,450)	1,023
Other Comprehensive Income (Loss), Securities, Available-for-sale, Adjustment, after Tax	(7)	5	16
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, after Tax	40	2,992	1,386
Other Comprehensive Income (Loss), Net of Tax	(38)	1,547	2,425
Comprehensive Income (Loss), Net of Tax, Including Portion Attributable to Noncontrolling Interest	14,700	16,340	16,777
Comprehensive Income (Loss), Net of Tax, Attributable to Noncontrolling Interest	78	43	50
Comprehensive Income (Loss), Net of Tax, Attributable to Parent	$ 14,622	$ 16,297	$ 16,727

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) shares in Millions, $ in Millions		Jun. 30, 2023	Jun. 30, 2022
CURRENT ASSETS
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		$ 8,246	$ 7,214
Accounts Receivable, after Allowance for Credit Loss, Current		5,471	5,143
INVENTORIES
Inventory, Raw Materials and Supplies, Net of Reserves		1,863	2,168
Inventory, Work in Process, Net of Reserves		956	856
Inventory, Finished Goods, Net of Reserves		4,254	3,900
Inventory, Net, Total		7,073	6,924
Prepaid Expense and Other Assets, Current		1,858	2,372
Assets, Current		22,648	21,653
Property, Plant and Equipment, Net		21,909	21,195
Goodwill	[1]	40,659	39,700
Intangible Assets, Net (Excluding Goodwill)		23,783	23,679
Other Assets, Noncurrent		11,830	10,981
Assets		120,829	117,208
CURRENT LIABILITIES
Accounts Payable, Current		14,598	14,882
Accrued Liabilities, Current		10,929	9,554
Debt, Current		10,229	8,645
Liabilities, Current		35,756	33,081
Long-term Debt, Excluding Current Maturities		24,378	22,848
Deferred Income Tax Liabilities, Net		6,478	6,809
Other Liabilities, Noncurrent		7,152	7,616
Liabilities		73,764	70,354
SHAREHOLDERS' EQUITY
Common Stock, Value, Issued		4,009	4,009
Additional Paid in Capital		66,556	65,795
Reserve For ESOP Debt Retirement		(821)	(916)
Accumulated Other Comprehensive Income (Loss), Net of Tax		12,220	12,189
Treasury Stock, Value		(129,736)	(123,382)
Retained Earnings (Accumulated Deficit)		118,170	112,429
Stockholders' Equity Attributable to Noncontrolling Interest		288	265
Stockholders' Equity, Including Portion Attributable to Noncontrolling Interest, Total		47,065	46,854
Liabilities and Equity		$ 120,829	$ 117,208
Common Stock, Shares, Issued		4,009.2	4,009.2
Common Stock, Par or Stated Value Per Share		$ 1	$ 1
Common Stock, Shares Authorized		10,000	10,000
Treasury Stock, Shares		1,647.1	1,615.4
Preferred Class A
SHAREHOLDERS' EQUITY
Preferred Stock, Stated Value, Issued		$ 819	$ 843
Preferred Stock, Par or Stated Value Per Share		$ 1	$ 1
Preferred Stock, Shares Authorized		600	600
Preferred Class B
SHAREHOLDERS' EQUITY
Preferred Stock, Stated Value, Issued		$ 0	$ 0
Preferred Stock, Par or Stated Value Per Share		$ 1	$ 1
Preferred Stock, Shares Authorized		200	200
[1]Grooming goodwill balance is net of $7.9 billion accumulated impairment losses.

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, 2020		2,479,746
BEGINNING BALANCE at Jun. 30, 2020	$ 46,878	$ 4,009	$ 897	$ 64,194	$ (1,080)	$ (16,165)	$ (105,573)	$ 100,239	$ 357
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings	14,352							14,306	46
Other Comprehensive Income (Loss), Net of Tax	$ 2,425					2,421			4
Common Stock, Dividends, Per Share, Cash Paid	$ 3.2419
Dividends to shareholders:
Dividends, Common Stock	$ (8,020)							(8,020)
Dividends, Preferred Stock	(271)							(271)
Treasury Stock, Shares, Acquired		(81,343)
Payments for Repurchase of Common Stock and Stock Receipts	(11,009)						(11,009)
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		28,001
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised	2,236			650			1,586
Stock Issued During Period, Shares, Conversion of Convertible Securities		3,302
Stock Issued During Period, Value, Conversion of Convertible Securities	0		(27)	4			23
ESOP Debt Impacts	194				74			120
Noncontrolling Interest, Period Increase (Decrease)	(131)								(131)
ENDING BALANCE (in shares) at Jun. 30, 2021		2,429,706
ENDING BALANCE at Jun. 30, 2021	46,654	$ 4,009	870	64,848	(1,006)	(13,744)	(114,973)	106,374	276
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings	14,793							14,742	51
Other Comprehensive Income (Loss), Net of Tax	$ 1,547					1,555			(8)
Common Stock, Dividends, Per Share, Cash Paid	$ 3.5227
Dividends to shareholders:
Dividends, Common Stock	$ (8,514)							(8,514)
Dividends, Preferred Stock	(281)							(281)
Treasury Stock, Shares, Acquired		(67,088)
Payments for Repurchase of Common Stock and Stock Receipts	(10,003)						(10,003)
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		28,042
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised	2,516			945			1,571
Stock Issued During Period, Shares, Conversion of Convertible Securities		3,217
Stock Issued During Period, Value, Conversion of Convertible Securities	0		(27)	4			23
ESOP Debt Impacts	198				90			108
Noncontrolling Interest, Period Increase (Decrease)	(56)			(2)					(54)
ENDING BALANCE (in shares) at Jun. 30, 2022		2,393,877
ENDING BALANCE at Jun. 30, 2022	46,854	$ 4,009	843	65,795	(916)	(12,189)	(123,382)	112,429	265
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net Earnings	14,738							14,653	85
Other Comprehensive Income (Loss), Net of Tax	$ (38)					(31)			(7)
Common Stock, Dividends, Per Share, Cash Paid	$ 3.6806
Dividends to shareholders:
Dividends, Common Stock	$ (8,742)							(8,742)
Dividends, Preferred Stock	(282)							(282)
Treasury Stock, Shares, Acquired		(52,021)
Payments for Repurchase of Common Stock and Stock Receipts	(7,353)						(7,353)
Shares Issued, Shares, Share-based Payment Arrangement, after Forfeiture		17,424
Proceeds, Issuance of Shares, Share-based Payment Arrangement, Including Option Exercised	1,736			758			978
Stock Issued During Period, Shares, Conversion of Convertible Securities		2,840
Stock Issued During Period, Value, Conversion of Convertible Securities	0		(24)	3			21
ESOP Debt Impacts	207				95			112
Noncontrolling Interest, Period Increase (Decrease)	(55)			0					(55)
ENDING BALANCE (in shares) at Jun. 30, 2023		2,362,120
ENDING BALANCE at Jun. 30, 2023	$ 47,065	$ 4,009	$ 819	$ 66,556	$ (821)	$ (12,220)	$ (129,736)	$ 118,170	$ 288

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Beginning Balance		$ 7,214	$ 10,288	$ 16,181
OPERATING ACTIVITIES
Net Earnings		14,738	14,793	14,352
Depreciation, Depletion and Amortization		2,714	2,807	2,735
Gain (Loss) on Extinguishment of Debt		0	0	512
Share-based Payment Arrangement, Noncash Expense		545	528	540
Deferred Income Tax Expense (Benefit)		(453)	(402)	(258)
Gain (Loss) on Disposition of Assets		40	85	16
Increase (Decrease) in Accounts Receivable		(307)	(694)	(342)
Increase (Decrease) in Inventories		(119)	(1,247)	(309)
Increase (Decrease) in Accounts Payable and Accrued Liabilities		313	1,429	1,391
Increase (Decrease) in Other Operating Assets and Liabilities, Net		(1,107)	(635)	(369)
Other Noncash Expense		564	229	135
Net Cash Provided by (Used in) Operating Activities		16,848	16,723	18,371
INVESTING ACTIVITIES
Payments to Acquire Property, Plant, and Equipment		(3,062)	(3,156)	(2,787)
Proceeds from Sale of Productive Assets		46	110	42
Payments to Acquire Businesses, Net of Cash Acquired		(765)	(1,381)	(34)
Payments for (Proceeds from) Investments		281	3	(55)
Net Cash Provided by (Used in) Investing Activities		(3,500)	(4,424)	(2,834)
FINANCING ACTIVITIES
Payments of Dividends		(8,999)	(8,770)	(8,263)
Proceeds from Short-term Debt, Maturing in More than Three Months		17,168	10,411	7,675
Repayments of Short-term Debt, Maturing in More than Three Months		(13,031)	(11,478)	(7,577)
Proceeds from (Repayments of) Short-term Debt, Maturing in Three Months or Less		(3,319)	917	(3,431)
Proceeds from Issuance of Long-term Debt		3,997	4,385	4,417
Repayments of Long-term Debt	[1]	(1,878)	(2,343)	(4,987)
Payments for Repurchase of Common Stock		(7,353)	(10,003)	(11,009)
Proceeds From Stock Options Exercised And Other Financing Activities		1,269	2,005	1,644
Net Cash Provided by (Used in) Financing Activities		(12,146)	(14,876)	(21,531)
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents		(170)	(497)	101
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect		1,032	(3,074)	(5,893)
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Ending Balance		8,246	7,214	10,288
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Interest Paid, Including Capitalized Interest, Operating and Investing Activities		721	451	531
Income Taxes Paid		$ 4,278	$ 3,818	$ 3,822
[1]Includes early extinguishment of debt costs of $512 in 2021.

CONSOLIDATED STATEMENTS OF CA_2

CONSOLIDATED STATEMENTS OF CASH FLOWS - ADDITIONAL INFORMATION - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Additional Cash Flow Elements and Supplemental Cash Flow Information [Abstract]
Gain (Loss) on Extinguishment of Debt	$ 0	$ 0	$ (512)

CONSOLIDATED STATEMENTS OF CO_2

CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (PARENTHETICAL) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Statement of Comprehensive Income [Abstract]
Other Comprehensive Income (Loss), Derivatives Qualifying as Hedges, Tax	$ (197)	$ 515	$ (266)
Other Comprehensive Income (Loss), Securities, Available-for-sale, Tax	(2)	1	5
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, Tax	$ 9	$ 1,022	$ 445

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Jun. 30, 2023
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 approximately 180 countries and territories primarily through mass merchandisers, e-commerce (including social commerce) channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores (including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. We also sell direct to consumers. 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 Venezuelan 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 at cost, less impairments, plus or minus observable price changes. Beginning in fiscal year 2022, the Company began to present increases and reductions in short-term debt with maturities of more than three months separately within the Consolidated Statements of Cash Flows. The presentation for the fiscal year ended June 30, 2021, has been revised to align with the current period presentation. This change had no impact on total financing activities, and we have concluded the change is not material. 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, postretirement 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, regarding 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 expenses necessary to acquire and convert the purchased materials and supplies into finished products. 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 $2.0 billion in 2023 and 2022 and $1.9 billion in 2021. Advertising costs, charged to expense as incurred, include television, print, radio, digital and in-store advertising expenses and were $8.0 billion in 2023, $7.9 billion in 2022 and $8.2 billion in 2021. 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, Net Other non-operating income, net primarily includes divestiture gains, net non-service impacts related to postretirement benefit plans, 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 flows from operating activities. Cash flows from foreign currency transactions and operations are translated at monthly exchange rates for each 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 investing activities. Realized gains and losses from non-qualifying derivative instruments used to hedge currency exposures resulting from intercompany financing transactions are 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. Investments The Company holds minor equity investments in certain companies over which we exert significant influence, but do not control the financial and operating decisions. These are accounted for as equity method investments. Other equity investments that are not controlled, and over which we do not have the ability to exercise significant influence, and for which there is a readily determinable market value, are recorded at fair value, with gains and losses recorded through net earnings. Equity investments without readily determinable fair values are measured at cost, less impairments, plus or minus observable price changes. Equity investments are included as Other noncurrent assets in the Consolidated Balance Sheets. The Company also holds highly liquid investments, primarily money market funds and time deposits. Such investments are considered cash equivalents and are included within Cash and cash equivalents in the Consolidated Balance Sheets. Inventory Valuation Inventories are valued at the lower of cost or net realizable 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. We evaluate several 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 certain 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 In September 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations". This guidance requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. These amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. We will adopt the guidance effective July 1, 2023. Additional disclosures will be included in the Notes to the Consolidated Financial Statements. No other new accounting pronouncements issued or effective during the fiscal year or in future years had, or are expected to have, a material impact on our Consolidated Financial Statements.

SEGMENT INFORMATION

SEGMENT INFORMATION	12 Months Ended
	Jun. 30, 2023
Segment Reporting [Abstract]
Segment Reporting Disclosure	SEGMENT INFORMATION Under U.S. GAAP, our operating segments 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 (Conditioners, Shampoos, Styling Aids, Treatments); Skin and Personal Care (Antiperspirants and Deodorants, Personal Cleansing, Skin Care); • Grooming : Grooming (Appliances, Female Blades & Razors, Male Blades & Razors, Pre- and Post-Shave Products, Other Grooming); • Health Care : Oral Care (Toothbrushes, Toothpaste, Other Oral Care); Personal Health Care (Gastrointestinal, Pain Relief, Rapid Diagnostics, Respiratory, Vitamins/Minerals/Supplements, Other Personal Health Care); • Fabric & Home Care : Fabric Care (Fabric Enhancers, Laundry Additives, Laundry Detergents); Home Care (Air Care, Dish Care, P&G Professional, Surface Care); and • Baby, Feminine & Family Care : Baby Care (Baby Wipes, 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. In addition, capital expenditures in the segments are on an accrual basis consistent with the balance sheet. Adjustments to move from an accrual to cash basis, for purposes of the cash flow statement, are reflected in Corporate. 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, 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 operating segments are comprised of similar product categories. Operating segments that individually accounted for 5% or more of consolidated net sales are as follows: % of Net sales by operating segment (1) Fiscal years ended June 30 2023 2022 2021 Fabric Care 23% 23% 22% Home Care 12% 12% 12% Baby Care 10% 10% 10% Skin and Personal Care 9% 9% 10% Hair Care 9% 9% 9% Family Care 8% 9% 9% Grooming (2) 8% 6% 7% Oral Care 8% 8% 8% Feminine Care 7% 6% 6% Personal Health Care 6% 6% 5% Other (2) —% 2% 2% TOTAL 100% 100% 100% (1) % of Net sales by operating segment excludes sales recorded in Corporate. (2) Effective July 1, 2022, the Grooming Sector Business Unit completed the full integration of its Shave Care and Appliances categories to cohesively serve consumers' grooming needs. This transition included the integration of the management team, strategic decision-making, innovation plans, financial targets, budgets and internal management reporting. For the fiscal years ended June 30, 2022 and 2021, Appliances was presented in Other. Net sales and long-lived assets in the United States and internationally were as follows (in billions): Fiscal years ended June 30 2023 2022 2021 NET SALES United States $ 38.7 $ 36.5 $ 33.7 International $ 43.3 $ 43.7 $ 42.4 LONG-LIVED ASSETS (1) United States $ 11.4 $ 10.7 $ 10.1 International $ 10.5 $ 10.5 $ 11.6 (1) Long-lived assets consists of property, plant and equipment. No country, other than the United States, exceeds 10% of the Company's consolidated net sales or long-lived assets. Our largest customer, Walmart Inc. and its affiliates, accounted for consolidated net sales of approximately 15% in 2023, 2022 and 2021. No other customer represents more than 10% of our consolidated net sales. Global Segment Results Net Sales Earnings/(Loss) Net Earnings/(Loss) Depreciation Total Capital BEAUTY 2023 $ 15,008 $ 4,009 $ 3,178 $ 376 $ 6,196 $ 287 2022 14,740 3,946 3,160 348 6,055 331 2021 14,417 4,018 3,210 333 5,587 386 GROOMING 2023 6,419 1,806 1,461 335 20,601 300 2022 6,587 1,835 1,490 361 20,482 260 2021 6,440 1,728 1,427 378 20,668 291 HEALTH CARE 2023 11,226 2,759 2,125 352 8,480 466 2022 10,824 2,618 2,006 376 7,888 410 2021 9,956 2,398 1,851 372 7,976 364 FABRIC & HOME CARE 2023 28,371 6,303 4,828 675 8,669 979 2022 27,556 5,729 4,386 672 8,567 988 2021 26,014 5,986 4,622 646 8,334 1,006 BABY, FEMININE & FAMILY CARE 2023 20,217 4,623 3,545 804 8,517 994 2022 19,736 4,267 3,266 826 8,443 932 2021 18,850 4,723 3,629 846 8,666 814 CORPORATE 2023 765 (1,147) (399) 172 68,366 36 2022 744 (400) 485 224 65,773 235 2021 441 (1,238) (387) 160 68,076 (74) TOTAL COMPANY 2023 $ 82,006 $ 18,353 $ 14,738 $ 2,714 $ 120,829 $ 3,062 2022 80,187 17,995 14,793 2,807 117,208 3,156 2021 76,118 17,615 14,352 2,735 119,307 2,787

SUPPLEMENTAL FINANCIAL INFORMAT

SUPPLEMENTAL FINANCIAL INFORMATION	12 Months Ended
	Jun. 30, 2023
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 2023 2022 PROPERTY, PLANT AND EQUIPMENT Buildings $ 8,277 $ 8,087 Machinery and equipment 36,521 35,098 Land 867 756 Construction in progress 2,980 2,756 TOTAL PROPERTY, PLANT AND EQUIPMENT 48,645 46,697 Accumulated depreciation (26,736) (25,502) PROPERTY, PLANT AND EQUIPMENT, NET $ 21,909 $ 21,195 Selected components of current and noncurrent liabilities were as follows: As of June 30 2023 2022 ACCRUED AND OTHER LIABILITIES - CURRENT Marketing and promotion $ 3,894 $ 3,878 Compensation expenses 2,030 1,797 Taxes payable 828 587 Derivative liabilities 631 1 Leases 222 205 Restructuring reserves 174 147 Other 3,150 2,939 TOTAL $ 10,929 $ 9,554 OTHER NONCURRENT LIABILITIES Pension benefits $ 3,116 $ 3,139 U.S. Tax Act transitional tax payable 1,154 1,661 Other retiree benefits 690 672 Uncertain tax positions 622 752 Long term operating leases 595 595 Derivative liabilities 445 307 Other 530 490 TOTAL $ 7,152 $ 7,616 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 ongoing programs have generally ranged from $250 to $500 annually. Restructuring costs incurred consist primarily of costs to separate employees, asset-related costs to exit facilities and other costs. Employee separation costs relate to severance packages that are primarily voluntary and the amounts calculated are 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 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 for disposal. These assets are 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 restructuring-type charges primarily include asset removal and termination of contracts related to supply chain and overhead optimization. The Company incurred total restructuring charges of $329 and $253 for the fiscal years ended June 30, 2023 and 2022. Of the charges incurred for fiscal year 2023, $160 were recorded in Costs of products sold, $160 in SG&A and $9 in Other non-operating income, net. Of the charges incurred in fiscal year 2022, $182 were recorded in Costs of products sold, $67 in SG&A, and $4 in Other non-operating income, net. The following table presents restructuring activity for the fiscal years ended June 30, 2023 and 2022: Separations Asset-Related Costs Other Total RESERVE JUNE 30, 2021 $ 176 $ — $ 102 $ 278 Cost incurred and charged to expense 88 87 78 253 Cost paid/settled (143) (87) (154) (384) RESERVE JUNE 30, 2022 121 — 26 147 Cost incurred and charged to expense 175 43 111 329 Cost paid/settled (141) (43) (118) (302) RESERVE JUNE 30, 2023 $ 155 $ — $ 19 $ 174 Consistent with our historical policies for ongoing restructuring-type activities, the restructuring charges are funded by and included within Corporate for management and segment reporting. However, for information purposes, the following table summarizes the total restructuring costs related to our reportable segments: Fiscal years ended June 30 2023 2022 2021 Beauty $ 15 $ 11 $ 13 Grooming 17 14 25 Health Care 28 32 51 Fabric & Home Care 87 42 22 Baby, Feminine & Family Care 21 83 29 Corporate (1) 161 71 190 Total Company $ 329 $ 253 $ 330

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS	12 Months Ended
	Jun. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Intangible Assets Disclosure	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 Total Company Balance at June 30, 2021 - Net (1) $ 13,257 $ 13,095 $ 8,046 $ 1,873 $ 4,653 $ 40,924 Acquisitions and divestitures 781 — 1 — — 782 Translation and other (742) (524) (458) (65) (217) (2,006) Balance at June 30, 2022 - Net (1) 13,296 12,571 7,589 1,808 4,436 39,700 Acquisitions and divestitures 405 — — — 33 438 Translation and other 187 132 129 13 60 521 Balance at June 30, 2023 - Net (1) $ 13,888 $ 12,703 $ 7,718 $ 1,821 $ 4,529 $ 40,659 (1) Grooming goodwill balance is net of $7.9 billion accumulated impairment losses. Goodwill and indefinite-lived intangibles are tested for impairment at least annually by comparing the estimated fair values of our reporting units and indefinite-lived intangible assets to their respective carrying values. We use the 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). Significant judgement by management is required to estimate the impact of macroeconomic and other factors on future cash flows, including those related to the Russia-Ukraine War. 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. 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. Goodwill increased during fiscal 2023 primarily due to an acquisition in the Beauty segment, other minor brand acquisitions in the Baby, Feminine & Family Care segment and currency translation across all reportable segments. Goodwill decreased during fiscal 2022 due to currency translation across all reportable segments, partially offset by three acquisitions (Farmacy Beauty, Ouai and TULA) in the Beauty reportable segment. Identifiable intangible assets were comprised of: 2023 2022 As of June 30 Gross Carrying Amount Accumulated Gross Carrying Amount Accumulated INTANGIBLE ASSETS WITH DETERMINABLE LIVES Brands $ 4,352 $ (2,540) $ 4,299 $ (2,628) Patents and technology 2,775 (2,649) 2,769 (2,609) Customer relationships 1,847 (1,039) 1,797 (939) Other 73 (28) 147 (97) TOTAL $ 9,047 $ (6,256) $ 9,012 $ (6,273) INTANGIBLE ASSETS WITH INDEFINITE LIVES Brands 20,992 — 20,940 — TOTAL INTANGIBLE ASSETS $ 30,039 $ (6,256) $ 29,952 $ (6,273) Amortization expense of intangible assets was as follows: Fiscal years ended June 30 2023 2022 2021 Intangible asset amortization $ 327 $ 312 $ 318 Estimated amortization expense over the next five fiscal years is as follows: Fiscal years ending June 30 2024 2025 2026 2027 2028 Estimated amortization expense $ 340 $ 320 $ 297 $ 287 $ 247

INCOME TAXES

INCOME TAXES	12 Months Ended
	Jun. 30, 2023
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. We have elected to account for the tax effects of Global Intangible Low-Taxed Income (GILTI) as a current period expense when incurred. Earnings before income taxes consisted of the following: Fiscal years ended June 30 2023 2022 2021 United States $ 12,107 $ 11,698 $ 10,858 International 6,246 6,297 6,757 TOTAL $ 18,353 $ 17,995 $ 17,615 Income taxes consisted of the following: Fiscal years ended June 30 2023 2022 2021 CURRENT TAX EXPENSE U.S. federal $ 2,303 $ 1,916 $ 1,663 International 1,412 1,333 1,534 U.S. state and local 353 355 324 TOTAL 4,068 3,604 3,521 DEFERRED TAX EXPENSE/(BENEFIT) U.S. federal (224) (320) (65) International and other (229) (82) (193) TOTAL (453) (402) (258) TOTAL TAX EXPENSE $ 3,615 $ 3,202 $ 3,263 A reconciliation of the U.S. federal statutory income tax rate to our actual effective income tax rate is provided below: Fiscal years ended June 30 2023 2022 2021 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Country mix impacts of foreign operations (0.5) % (0.3) % (0.5) % State income taxes, net of federal benefit 1.6 % 1.5 % 1.3 % Excess tax benefits from the exercise of stock options (1.0) % (2.0) % (1.6) % Foreign derived intangible income deduction (FDII) (0.8) % (1.1) % (1.0) % Changes in uncertain tax positions 0.1 % (0.4) % (0.1) % Other (0.7) % (0.9) % (0.6) % EFFECTIVE INCOME TAX RATE 19.7 % 17.8 % 18.5 % 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 exercises 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 and recognized based on the grant date fair values of such instruments. Tax benefits credited to shareholders' equity totaled $190 for the fiscal year ended June 30, 2023. This primarily relates to the tax effects of net investment hedges. Tax costs charged to shareholders' equity totaled $1,538 for the fiscal year ended June 30, 2022. This primarily relates to the tax effects of certain adjustments to pension obligations recorded in shareholders' equity and the tax effects of net investment hedges. 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. 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 $24 billion of earnings that are considered indefinitely invested. A reconciliation of the beginning and ending liability for uncertain tax positions is as follows: Fiscal years ended June 30 2023 2022 2021 BEGINNING OF YEAR $ 583 $ 627 $ 485 Increases in tax positions for prior years 113 102 157 Decreases in tax positions for prior years (119) (118) (34) Increases in tax positions for current year 60 53 60 Settlements with taxing authorities (108) (42) (26) Lapse in statute of limitations (7) (17) (24) Currency translation (7) (22) 9 END OF YEAR $ 515 $ 583 $ 627 Included in the total liability for uncertain tax positions at June 30, 2023, is $354 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 30-40 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 2010 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 $40, 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, 2023, 2022 and 2021, we had accrued interest of $143, $179 and $166 and accrued penalties of $12, $12 and $10, respectively, which are not included in the above table. During the fiscal years ended June 30, 2023, 2022 and 2021, we recognized $23, $21 and $38 in interest expense and $1, $2 and $6 in penalties expense, respectively. Deferred income tax assets and liabilities were comprised of the following: As of June 30 2023 2022 DEFERRED TAX ASSETS Loss and other carryforwards $ 1,014 $ 914 Capitalized research & development 930 646 Pension and other retiree benefits 737 740 Accrued marketing and promotion 421 420 Stock-based compensation 412 386 Unrealized loss on financial and foreign exchange transactions 282 138 Fixed assets 223 209 Lease liabilities 197 185 Other 874 862 Valuation allowances (403) (409) TOTAL $ 4,687 $ 4,091 DEFERRED TAX LIABILITIES Goodwill and other intangible assets $ 5,811 $ 5,783 Fixed assets 1,556 1,542 Other retiree benefits 1,101 1,031 Unrealized gain on financial and foreign exchange transactions 198 439 Lease right-of-use assets 191 179 Foreign withholding tax on earnings to be repatriated 96 70 Other 381 244 TOTAL $ 9,334 $ 9,288 Net operating loss carryforwards were $2.9 billion at June 30, 2023, and $2.5 billion at June 30, 2022. If unused, approximately $300 will expire between 2023 and 2042. The remainder, totaling $2.6 billion at June 30, 2023, may be carried forward indefinitely.

EARNINGS PER SHARE

EARNINGS PER SHARE	12 Months Ended
	Jun. 30, 2023
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 by the weighted average number of common shares outstanding during the year. 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 include the dilutive effect of stock options and other share-based awards based on the treasury stock method (see Note 7) and the assumed conversion of preferred stock (see Note 8). Net earnings per common share were calculated as follows: Fiscal years ended June 30 2023 2022 2021 CONSOLIDATED AMOUNTS Net earnings $ 14,738 $ 14,793 $ 14,352 Less: Net earnings attributable to noncontrolling interests 85 51 46 Net earnings attributable to P&G 14,653 14,742 14,306 Less: Preferred dividends 282 281 271 Net earnings attributable to P&G available to common shareholders (Basic) $ 14,371 $ 14,461 $ 14,035 Net earnings attributable to P&G available to common shareholders (Diluted) $ 14,653 $ 14,742 $ 14,306 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,368.2 2,410.3 2,465.8 Add effect of dilutive securities: Stock options and other unvested equity awards (1) 39.4 49.5 52.5 Convertible preferred shares (2) 76.3 79.3 82.7 Diluted weighted average common shares outstanding 2,483.9 2,539.1 2,601.0 NET EARNINGS PER COMMON SHARE (3) Basic $ 6.07 $ 6.00 $ 5.69 Diluted $ 5.90 $ 5.81 $ 5.50 (1) Excludes 19 million, 11 million and 9 million in 2023, 2022 and 2021, respectively, of weighted average stock options outstanding because the exercise price of these options was greater than the average market value of the Company's stock or their effect was antidilutive. (2) An overview of preferred shares can be found in Note 8.

STOCK-BASED COMPENSATION

STOCK-BASED COMPENSATION	12 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement [Text Block]	SHARE-BASED COMPENSATION The Company has two primary share-based compensation programs under which we annually grant stock option, restricted stock unit (RSU) and performance stock unit (PSU) awards to certain managers and directors. In our main long-term incentive program, managers can elect to receive stock 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. RSUs vest and settle in shares of common stock three 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. The program includes a Relative Total Shareholder Return (R-TSR) modifier 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. The Company's share-based compensation plan was approved by shareholders in 2019. Under the 2019 plan, a maximum of 150 million shares of common stock was authorized for issuance and a total of 96 million shares remain available for grant. The Company recognizes share-based compensation expense based on the fair value of the awards at the date of grant. The expense is recognized 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 ratably from the grant date through the date the employee first becomes eligible to retire and/or is no longer required to provide services to earn the award. Share-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: Fiscal years ended June 30 2023 2022 2021 Stock options $ 303 $ 271 $ 279 RSUs and PSUs 242 257 261 Total share-based expense $ 545 $ 528 $ 540 Income tax benefit $ 103 $ 88 $ 102 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: Fiscal years ended June 30 2023 2022 2021 Interest rate 3.7 - 4.1 % 0.1 - 1.6 % 0.1 - 0.7 % Weighted average interest rate 3.7 % 1.5 % 0.6 % Dividend yield 2.6 % 2.4 % 2.4 % Expected volatility 21 % 19 % 20 % Expected life in years 8.8 9.1 9.2 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. We utilize a Monte-Carlo simulation model to estimate the fair value of performance stock units granted. Assumptions utilized in the model are not substantially different from those used for stock options. A summary of options outstanding under the plans as of June 30, 2023, and activity during the year then ended is presented below: Options Options Weighted Average Exercise Price Weighted Average Contractual Life in Years Aggregate Intrinsic Value Outstanding at July 1, 2022 126,715 $ 99.59 Granted 9,672 131.26 Exercised (14,667) 81.07 Forfeited/expired (515) 128.40 Outstanding at June 30, 2023 121,205 $ 104.18 5.1 $ 5,770 Exercisable 86,336 $ 90.46 3.9 $ 5,291 The following table provides additional information on stock options: Fiscal years ended June 30 2023 2022 2021 Weighted average grant-date fair value of options granted $ 29.58 $ 21.55 $ 20.94 Intrinsic value of options exercised 979 1,886 1,401 Grant-date fair value of options that vested 219 177 236 Cash received from options exercised 1,189 1,930 1,705 Actual tax benefit from options exercised 207 399 292 At June 30, 2023, $159 of compensation cost had not yet been recognized related to stock option grants. That cost is expected to be recognized over a remaining weighted average period of 1.6 years. A summary of non-vested RSUs and PSUs outstanding under the plans as of June 30, 2023, 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, 2022 2,832 $ 130.37 928 $ 152.94 Granted 1,727 128.78 569 133.21 Vested (1,286) 116.89 (453) 152.90 Forfeited (101) 131.22 (33) 140.68 Non-vested at June 30, 2023 3,172 $ 134.94 1,011 $ 142.40 At June 30, 2023, $218 of compensation cost had not yet been recognized related to RSUs and PSUs. That cost is expected to be recognized over a remaining weighted average period of 1.7 years. The total grant date fair value of shares vested was $220, $248 and $266 in 2023, 2022 and 2021, 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, 2023
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 $392, $366 and $340 in 2023, 2022 and 2021, 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 13% of total participants' annual wages and salaries in 2023 and 14% in 2022 and 2021. 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 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 benefits for the majority of our U.S. employees who become eligible for these benefits when they meet minimum age and service requirements. The plans require cost sharing with retirees and the benefits are 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) Fiscal years ended June 30 2023 2022 2023 2022 CHANGE IN BENEFIT OBLIGATION Benefit obligation at beginning of year (3) $ 12,608 $ 18,469 $ 3,070 $ 4,206 Service cost 173 253 71 86 Interest cost 430 253 142 99 Participants' contributions 13 14 50 67 Amendments (4) 8 5 — (586) Net actuarial loss/(gain) (550) (4,067) (208) (586) Special termination benefits 5 4 4 1 Currency translation and other 363 (1,720) 31 51 Benefit payments (551) (603) (227) (268) BENEFIT OBLIGATION AT END OF YEAR (3) $ 12,499 $ 12,608 $ 2,933 $ 3,070 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 10,173 $ 13,041 $ 6,889 $ 6,444 Actual return on plan assets 37 (1,233) 482 526 Employer contributions 392 222 42 37 Participants' contributions 13 14 50 67 Currency translation and other 310 (1,268) 1 1 ESOP debt impacts (5) — — 87 82 Benefit payments (551) (603) (227) (268) FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 10,374 $ 10,173 $ 7,324 $ 6,889 FUNDED STATUS $ (2,125) $ (2,435) $ 4,391 $ 3,819 (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) For the other retiree benefits, the amendment primarily relates to adjustments in the self-insured U.S. retiree health care program to utilize fully-insured Medicare Advantage Programs impacting fiscal year 2022. (5) Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits. The actuarial gain for pension plans in 2023 was primarily related to increases in discount rates, offset by inflation-related pension benefit increases. The actuarial gain for other retiree benefits in 2023 was primarily related to increases in discount rates and a decrease in assumptions for medical claims costs. The actuarial gain for pension plans in 2022 was primarily related to increases in discount rates. The actuarial gain for other retiree benefits in 2022 was primarily related to increases in discount rates, partially offset by unfavorable medical claim experience. 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 2023 2022 2023 2022 CLASSIFICATION OF NET AMOUNT RECOGNIZED Noncurrent assets $ 1,085 $ 765 $ 5,119 $ 4,525 Current liabilities (94) (61) (38) (34) Noncurrent liabilities (3,116) (3,139) (690) (672) NET AMOUNT RECOGNIZED $ (2,125) $ (2,435) $ 4,391 $ 3,819 AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE (INCOME)/LOSS (AOCI) Net actuarial loss/(gain) $ 1,818 $ 1,906 $ (1,160) $ (1,093) Prior service cost/(credit) 156 170 (787) (907) NET AMOUNTS RECOGNIZED IN AOCI $ 1,974 $ 2,076 $ (1,947) $ (2,000) The accumulated benefit obligation for all defined benefit pension plans, which differs from the projected obligation in that it excludes the assumption of future salary increases, was $11.8 billion and $11.9 billion as of June 30, 2023 and 2022, respectively. Information related to the funded status of selected pension and other retiree benefits at June 30 is as follows: As of June 30 2023 2022 PENSION PLANS WITH A PROJECTED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS Projected benefit obligation $ 7,967 $ 7,989 Fair value of plan assets 4,758 4,789 PENSION PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS Accumulated benefit obligation $ 7,442 $ 7,191 Fair value of plan assets 4,677 4,433 OTHER RETIREE BENEFIT PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS Accumulated benefit obligation $ 818 $ 808 Fair value of plan assets 89 102 Net Periodic Benefit Cost . Components of the net periodic benefit cost were as follows: Pension Benefits Other Retiree Benefits Fiscal years ended June 30 2023 2022 2021 2023 2022 2021 AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST/(CREDIT) Service cost $ 173 $ 253 $ 275 $ 71 $ 86 $ 94 Interest cost 430 253 240 142 99 114 Expected return on plan assets (591) (684) (783) (611) (564) (508) Amortization of net actuarial loss/(gain) 133 337 423 (7) 11 47 Amortization of prior service cost/(credit) 26 28 25 (125) (107) (60) Amortization of net actuarial loss/(gain) due to settlements — (5) 5 — — — Special termination benefits 5 4 17 4 1 2 GROSS BENEFIT COST/(CREDIT) 176 186 202 (526) (474) (311) Dividends on ESOP preferred stock — — — — — (8) NET PERIODIC BENEFIT COST/(CREDIT) $ 176 $ 186 $ 202 $ (526) $ (474) $ (319) CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI Net actuarial loss/(gain) - current year $ 4 $ (2,150) $ (79) $ (548) Prior service cost/(credit) - current year 8 5 — (586) Amortization of net actuarial loss/(gain) (133) (337) 7 (11) Amortization of prior service (cost)/credit (26) (28) 125 107 Amortization of net actuarial loss/(gain) due to settlements — 5 — — Currency translation and other 45 (486) — 13 TOTAL CHANGE IN AOCI (102) (2,991) 53 (1,025) NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST/(CREDIT) AND AOCI $ 74 $ (2,805) $ (473) $ (1,499) 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. All other components are included in the Consolidated Statements of Earnings in Other non-operating income/(expense), net, unless otherwise noted. 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, 2023 and 2022, were as follows: (1) Pension Benefits Other Retiree Benefits As of June 30 2023 2022 2023 2022 Discount rate 4.2 % 3.7 % 5.6 % 5.0 % Rate of compensation increase 2.9 % 2.8 % N/A N/A Interest crediting rate for cash balance plans 4.3 % 4.3 % N/A N/A Health care cost trend rates assumed for next year N/A N/A 6.1 % 6.4 % Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate) N/A N/A 4.5 % 4.5 % Year that the rate reaches the ultimate trend rate N/A N/A 2028 2028 (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 fiscal years ended June 30 were as follows: (1) Pension Benefits Other Retiree Benefits Fiscal years ended June 30 2023 2022 2021 2023 2022 2021 Discount rate 3.7 % 1.7 % 1.5 % 5.0 % 3.2 % 3.1 % Expected return on plan assets 5.9 % 5.5 % 6.5 % 8.4 % 8.4 % 8.4 % Rate of compensation increase 2.8 % 2.7 % 2.5 % N/A N/A N/A Interest crediting rate for cash balance plans 4.3 % 4.4 % 4.4 % 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 3 - 5% 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. 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 fiscal year ended June 30, 2023, and actual asset allocation by asset category as of June 30, 2023 and 2022, were as follows: Target Asset Allocation Actual Asset Allocation at June 30 Pension Benefits Other Retiree Pension Benefits Other Retiree Benefits Asset Category 2023 2022 2023 2022 Cash 1 % 2 % 1 % 1 % 2 % 2 % Debt securities 59 % — % 60 % 58 % 1 % 1 % Equity securities 40 % 98 % 39 % 41 % 97 % 97 % TOTAL 100 % 100 % 100 % 100 % 100 % 100 % The following table sets forth the fair value of the Company's plan assets as of June 30, 2023 and 2022, segregated by level within the fair value hierarchy (refer to Note 9 for further discussion on the fair value hierarchy and fair value principles). Investments valued using net asset value as a practical expedient 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 2023 2022 Fair Value Hierarchy Level 2023 2022 ASSETS AT FAIR VALUE Cash and cash equivalents 1 $ 54 $ 78 1 $ 148 $ 130 Company common stock — — 1 368 319 Company preferred stock (1) — — 2 6,721 6,340 Fixed income securities (2) 2 1,190 1,545 — — Insurance contracts (3) 3 93 94 — — TOTAL ASSETS IN THE FAIR VALUE HIERARCHY 1,337 1,717 7,237 6,789 Investments valued at net asset value (4) 9,037 8,456 87 100 TOTAL ASSETS AT FAIR VALUE $ 10,374 10,173 $ 7,324 6,889 (1) Company preferred stock is valued based on the value of Company common stock and is presented net of ESOP debt discussed below. (2) Fixed income securities are estimated by using pricing models or quoted prices of securities with similar characteristics. (3) Fair values of insurance contracts are valued based on either their cash equivalent value 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. The activity for Level 3 assets is not significant for all years presented. (4) Investments valued using net asset value as a practical expedient are primarily equity and fixed income collective funds. 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 fiscal year ending June 30, 2024, is $206 and $52, respectively. 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: Fiscal years ending June 30 Pension Benefits Other Retiree Benefits EXPECTED BENEFIT PAYMENTS 2024 $ 648 $ 179 2025 633 186 2026 632 189 2027 652 196 2028 704 202 2029 - 2033 3,800 1,102 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 $8 remain outstanding at June 30, 2023. 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 $3.68 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. The original borrowings of $1.0 billion were repaid in 2021. Debt service requirements were funded by preferred stock dividends, cash contributions and advances provided by the Company, of which $814 are outstanding at June 30, 2023. 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 $3.68 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 was guaranteed by the Company, was recorded as debt 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 was recorded as Interest expense. Dividends on all preferred shares 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 2023 2022 2021 Allocated 24,449 25,901 27,759 Unallocated 535 1,123 1,769 TOTAL SERIES A 24,984 27,024 29,528 Allocated 32,172 30,719 29,203 Unallocated 17,867 20,120 22,349 TOTAL SERIES B 50,039 50,839 51,552 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, 2023
Disclosure Text Block [Abstract]
Financial Instruments Disclosure	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 was $1,088 and $219 as of June 30, 2023 and 2022, respectively. 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 on fixed rate debt 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. 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. 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. 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 net investment being hedged. 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. As of and during the fiscal years ended June 30, 2023 and 2022, we did not have any financial 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. The Company had no significant activity with Level 3 assets and liabilities during the periods presented. 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. When active market quotes are not available for financial assets and liabilities, we use industry standard valuation models. Where applicable, these models project future cash flows and discount the future amounts to a present value using market-based observable inputs including credit risk, interest rate curves and forward and spot prices for currencies. In circumstances where market-based observable inputs are not available, management judgment is used to develop assumptions to estimate fair value. Assets and Liabilities Measured at Fair Value Cash equivalents were $6.8 billion and $6.0 billion as of June 30, 2023 and 2022, respectively, and are classified as Level 1 within the fair value hierarchy. The Company had no other material investments in debt or equity securities during the periods presented. The fair value of long-term debt was $26.9 billion and $25.7 billion as of June 30, 2023 and 2022, respectively. This includes the current portion of long-term debt instruments ($3.9 billion as of June 30, 2023, and $3.6 billion as of June 30, 2022). 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, 2023 and 2022, are as follows: Notional Amount Fair Value Asset Fair Value (Liability) As of June 30 2023 2022 2023 2022 2023 2022 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 4,044 $ 4,972 $ — $ 3 $ (445) $ (307) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts $ 11,005 $ 7,943 $ 26 $ 561 $ (631) $ (1) TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS $ 15,049 $ 12,915 $ 26 $ 564 $ (1,076) $ (308) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 3,489 $ 5,625 $ 7 $ 6 $ (42) $ (61) TOTAL DERIVATIVES AT FAIR VALUE $ 18,538 $ 18,540 $ 33 $ 570 $ (1,118) $ (369) 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 $3.6 billion and $4.7 billion as of June 30, 2023 and 2022, 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 $11.8 billion and $11.2 billion as of June 30, 2023 and 2022, respectively. The increase in the notional balance of derivative instruments designated as net investment hedges is primarily driven by the Company’s decision to leverage favorable interest rate spreads in the foreign currency swap market. The decrease in the notional balance of foreign currency contracts not designated as hedging instruments reflects changes in the level of intercompany financing activity during the period. Derivative assets are presented in Prepaid expenses and other current assets or Other noncurrent assets. Derivative liabilities are presented in Accrued and other liabilities or Other noncurrent liabilities. Changes in the fair value of net investment hedges are recognized in the Foreign currency translation component of Other comprehensive income (OCI). All of the Company's derivative assets and liabilities measured at fair value are classified as Level 2 within the fair value hierarchy. Before tax gains/(losses) on our financial instruments in hedging relationships are categorized as follows: Amount of Gain/(Loss) Recognized in OCI on Derivatives Fiscal years ended June 30 2023 2022 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2) Foreign currency interest rate contracts $ (544) $ 1,033 (1) For the derivatives in net investment hedging relationships, the amount of gain excluded from effectiveness testing, which was recognized in earnings, was $238 and $73 for the fiscal years ended June 30, 2023 and 2022, 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 $(315) and $1,639, for the fiscal years ended June 30, 2023 and 2022, respectively. Amount of Gain/(Loss) Recognized in Earnings Fiscal years ended June 30 2023 2022 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ (141) $ (450) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ (97) $ (149)

SHORT-TERM AND LONG-TERM DEBT

SHORT-TERM AND LONG-TERM DEBT	12 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Debt Disclosure	SHORT-TERM AND LONG-TERM DEBT As of June 30 2023 2022 DEBT DUE WITHIN ONE YEAR Current portion of long-term debt $ 3,951 $ 3,647 Commercial paper 6,236 4,805 Other 42 193 TOTAL $ 10,229 $ 8,645 Weighted average interest rate of debt due within one year (1) 4.2 % 0.8 % (1) Weighted average interest rate of debt due within one year includes the effects of interest rate swaps discussed in Note 9. As of June 30 2023 2022 LONG-TERM DEBT 3.10% USD note due August 2023 $ 1,000 $ 1,000 1.13% EUR note due November 2023 1,359 1,306 0.50% EUR note due October 2024 544 523 0.63% EUR note due October 2024 870 836 0.55% USD note due October 2025 1,000 1,000 4.10% USD note due January 2026 650 — 2.70% USD note due February 2026 600 600 1.00% USD note due April 2026 1,000 1,000 3.25% EUR note due August 2026 707 — 2.45% USD note due November 2026 875 875 1.90% USD note due February 2027 1,000 1,000 2.80% USD note due March 2027 500 500 4.88% EUR note due May 2027 1,087 1,045 2.85% USD note due August 2027 750 750 3.95% USD note due January 2028 600 — 1.20% EUR note due October 2028 870 836 1.25% EUR note due October 2029 544 523 3.00% USD note due March 2030 1,500 1,500 0.35% EUR note due May 2030 544 523 1.20% USD note due October 2030 1,250 1,250 1.95% USD note due April 2031 1,000 1,000 3.25% EUR note due August 2031 707 — 2.30% USD note due February 2032 850 850 4.05% USD note due January 2033 850 — 5.55% USD note due March 2037 716 716 1.88% EUR note due October 2038 544 523 3.55% USD note due March 2040 516 516 0.90% EUR note due November 2041 652 627 All other long-term debt 5,244 7,196 Current portion of long-term debt (3,951) (3,647) TOTAL $ 24,378 $ 22,848 Weighted average interest rate of long-term debt (1) 2.9% 2.2% (1) Weighted average interest rate of long-term debt includes the effects of interest rate swaps discussed in Note 9. Long-term debt maturities during the next five fiscal years are as follows: Fiscal years ending June 30 2024 2025 2026 2027 2028 Debt maturities $3,951 $1,954 $3,364 $4,368 $1,380

ACCUMULATED OTHER COMPREHENSIVE

ACCUMULATED OTHER COMPREHENSIVE INCOME	12 Months Ended
	Jun. 30, 2023
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 Post-retirement Benefit Plans Foreign Currency Translation Total AOCI BALANCE at JUNE 30, 2021 $ 15 $ (2,963) $ (10,796) $ (13,744) OCI before reclassifications (1) 4 2,797 (1,451) 1,350 Amounts reclassified to the Consolidated Statement of Earnings (2) 1 195 1 197 Net current period OCI 5 2,992 (1,450) 1,547 Less: OCI attributable to non-controlling interests — 2 (10) (8) BALANCE at JUNE 30, 2022 20 27 (12,236) (12,189) OCI before reclassifications (3) (7) 21 (71) (57) Amounts reclassified to the Consolidated Statement of Earnings (4) — 19 — 19 Net current period OCI (7) 40 (71) (38) Less: OCI attributable to non-controlling interests — — (7) (7) BALANCE at JUNE 30, 2023 $ 13 $ 67 $ (12,300) $ (12,220) (1) Net of tax (benefit)/expense of $1, $953 and $515 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions. (2) Net of tax (benefit)/expense of $0, $69 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. (3) Net of tax (benefit)/expense of $(2), $1 and $(197) for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions. (4) Net of tax (benefit)/expense of $0, $8 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023. 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. • Postretirement benefit plans: amounts reclassified from AOCI into Other non-operating income, net and included in the computation of net periodic postretirement costs (see Note 8).

LEASES

LEASES	12 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Lessee, Operating Leases	LEASES The Company determines whether a contract contains a lease at the inception of a contract by determining if the contract conveys the right to control the use of identified property, plant or equipment for a period of time in exchange for consideration. We lease certain real estate, machinery, equipment, vehicles and office equipment for varying periods. Many of these leases include an option to either renew or terminate the lease. For purposes of calculating lease liabilities, these options are included within the lease term when it has become reasonably certain that the Company will exercise such options. The incremental borrowing rate utilized to calculate our lease liabilities is based on the information available at commencement date, as most of the leases do not provide an implicit borrowing rate. Our operating lease agreements do not contain any material guarantees or restrictive covenants. The Company does not have any material finance leases or sublease activities. Short-term leases, defined as leases with initial terms of 12 months or less, are not reflected on the Consolidated Balance Sheets. Lease expense for such short-term leases is not material. The most significant assets in our leasing portfolio relate to real estate and vehicles. For purposes of calculating lease liabilities for such leases, we have combined lease and non-lease components. The components of the Company’s total operating lease cost for the fiscal years ended June 30, 2023, 2022 and 2021, were as follows: Fiscal years ended June 30 2023 2022 2021 Operating lease cost $ 229 $ 220 $ 245 Variable lease cost (1) 79 89 75 Total lease cost $ 308 $ 309 $ 320 (1) Includes primarily costs for utilities, common area maintenance, property taxes and other operating costs associated with operating leases that are not included in the lease liability and are recognized in the period in which they are incurred. Supplemental balance sheet and other information related to leases is as follows: As of June 30 2023 2022 Operating leases: Right-of-use assets (Other noncurrent assets) $ 781 $ 760 Current lease liabilities (Accrued and other liabilities) 222 205 Noncurrent lease liabilities (Other noncurrent liabilities) 595 595 Total operating lease liabilities $ 817 $ 800 Weighted average remaining lease term: Operating leases 6.2 years 6.4 years Weighted average discount rate: Operating leases 3.5 % 3.2 % At June 30, 2023, future payments of operating lease liabilities were as follows: Operating Leases June 30, 2023 1 year $ 222 2 years 185 3 years 137 4 years 100 5 years 71 Over 5 years 196 Total lease payments 911 Less: Interest (94) Present value of lease liabilities $ 817 Total cash paid for amounts included in the measurement of lease liabilities was $233 and $228 for the fiscal years ended June 30, 2023 and 2022, respectively. The right-of-use assets obtained in exchange for lease liabilities were $213 and $217 for the fiscal years ended June 30, 2023 and 2022, respectively.

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Jun. 30, 2023
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. 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 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: Fiscal years ending June 30 2024 2025 2026 2027 2028 Thereafter Purchase obligations $ 1,169 $ 597 $ 379 $ 314 $ 168 $ 362 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. 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.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Jun. 30, 2023
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 approximately 180 countries and territories primarily through mass merchandisers, e-commerce (including social commerce) channels, grocery stores, membership club stores, drug stores, department stores, distributors, wholesalers, specialty beauty stores (including airport duty-free stores), high-frequency stores, pharmacies, electronics stores and professional channels. We also sell direct to consumers. 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 Venezuelan 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 at cost, less impairments, plus or minus observable price changes. Beginning in fiscal year 2022, the Company began to present increases and reductions in short-term debt with maturities of more than three months separately within the Consolidated Statements of Cash Flows. The presentation for the fiscal year ended June 30, 2021, has been revised to align with the current period presentation. This change had no impact on total financing activities, and we have concluded the change is not material.
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, postretirement 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, regarding 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 expenses necessary to acquire and convert the purchased materials and supplies into finished products. 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 $2.0 billion in 2023 and 2022 and $1.9 billion in 2021. Advertising costs, charged to expense as incurred, include television, print, radio, digital and in-store advertising expenses and were $8.0 billion in 2023, $7.9 billion in 2022 and
Other Non-Operating Income/(Expense), Net	Other Non-Operating Income, Net Other non-operating income, net primarily includes divestiture gains, net non-service impacts related to postretirement benefit plans, 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 PresentationThe Consolidated Statements of Cash Flows are prepared using the indirect method, which reconciles net earnings to cash flows from operating activities. Cash flows from foreign currency transactions and operations are translated at monthly exchange rates for each 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 investing activities. Realized gains and losses from non-qualifying derivative instruments used to hedge currency exposures resulting from intercompany financing transactions are 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.
Investments	Investments The Company holds minor equity investments in certain companies over which we exert significant influence, but do not control the financial and operating decisions. These are accounted for as equity method investments. Other equity investments that are not controlled, and over which we do not have the ability to exercise significant influence, and for which there is a readily determinable market value, are recorded at fair value, with gains and losses recorded through net earnings. Equity investments without readily determinable fair values are measured at cost, less impairments, plus or minus observable price changes. Equity investments are included as Other noncurrent assets in the Consolidated Balance Sheets. The Company also holds highly liquid investments, primarily money market funds and time deposits. Such investments are considered cash equivalents and are included within Cash and cash equivalents in the Consolidated Balance Sheets.
Inventory Valuation	Inventory Valuation Inventories are valued at the lower of cost or net realizable 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. We evaluate several 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 certain 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 In September 2022, the Financial Accounting Standards Board (FASB) issued Accounting Standards Update (ASU) 2022-04, "Liabilities - Supplier Finance Programs (Subtopic 405-50): Disclosure of Supplier Finance Program Obligations". This guidance requires annual and interim disclosures for entities that use supplier finance programs in connection with the purchase of goods and services. These amendments are effective for fiscal years beginning after December 15, 2022, except for the amendment on rollforward information, which is effective for fiscal years beginning after December 15, 2023. We will adopt the guidance effective July 1, 2023. Additional disclosures will be included in the Notes to the Consolidated Financial Statements. No other new accounting pronouncements issued or effective during the fiscal year or in future years had, or are expected to have, a material impact on our Consolidated Financial Statements.

SEGMENT INFORMATION (Tables)

SEGMENT INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2023
Revenues from External Customers and Long-Lived Assets [Line Items]
Schedule of Segment Reporting Information, by Segment [Table Text Block]	Operating segments that individually accounted for 5% or more of consolidated net sales are as follows: % of Net sales by operating segment (1) Fiscal years ended June 30 2023 2022 2021 Fabric Care 23% 23% 22% Home Care 12% 12% 12% Baby Care 10% 10% 10% Skin and Personal Care 9% 9% 10% Hair Care 9% 9% 9% Family Care 8% 9% 9% Grooming (2) 8% 6% 7% Oral Care 8% 8% 8% Feminine Care 7% 6% 6% Personal Health Care 6% 6% 5% Other (2) —% 2% 2% TOTAL 100% 100% 100% (1) % of Net sales by operating segment excludes sales recorded in Corporate. (2) Effective July 1, 2022, the Grooming Sector Business Unit completed the full integration of its Shave Care and Appliances categories to cohesively serve consumers' grooming needs. This transition included the integration of the management team, strategic decision-making, innovation plans, financial targets, budgets and internal management reporting. For the fiscal years ended June 30, 2022 and 2021, Appliances was presented in Other.
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): Fiscal years ended June 30 2023 2022 2021 NET SALES United States $ 38.7 $ 36.5 $ 33.7 International $ 43.3 $ 43.7 $ 42.4 LONG-LIVED ASSETS (1) United States $ 11.4 $ 10.7 $ 10.1 International $ 10.5 $ 10.5 $ 11.6
Reconciliation of Revenue from Segments to Consolidated [Table Text Block]	Global Segment Results Net Sales Earnings/(Loss) Net Earnings/(Loss) Depreciation Total Capital BEAUTY 2023 $ 15,008 $ 4,009 $ 3,178 $ 376 $ 6,196 $ 287 2022 14,740 3,946 3,160 348 6,055 331 2021 14,417 4,018 3,210 333 5,587 386 GROOMING 2023 6,419 1,806 1,461 335 20,601 300 2022 6,587 1,835 1,490 361 20,482 260 2021 6,440 1,728 1,427 378 20,668 291 HEALTH CARE 2023 11,226 2,759 2,125 352 8,480 466 2022 10,824 2,618 2,006 376 7,888 410 2021 9,956 2,398 1,851 372 7,976 364 FABRIC & HOME CARE 2023 28,371 6,303 4,828 675 8,669 979 2022 27,556 5,729 4,386 672 8,567 988 2021 26,014 5,986 4,622 646 8,334 1,006 BABY, FEMININE & FAMILY CARE 2023 20,217 4,623 3,545 804 8,517 994 2022 19,736 4,267 3,266 826 8,443 932 2021 18,850 4,723 3,629 846 8,666 814 CORPORATE 2023 765 (1,147) (399) 172 68,366 36 2022 744 (400) 485 224 65,773 235 2021 441 (1,238) (387) 160 68,076 (74) TOTAL COMPANY 2023 $ 82,006 $ 18,353 $ 14,738 $ 2,714 $ 120,829 $ 3,062 2022 80,187 17,995 14,793 2,807 117,208 3,156 2021 76,118 17,615 14,352 2,735 119,307 2,787

SUPPLEMENTAL FINANCIAL INFORM_2

SUPPLEMENTAL FINANCIAL INFORMATION (Tables)	12 Months Ended
	Jun. 30, 2023
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 2023 2022 PROPERTY, PLANT AND EQUIPMENT Buildings $ 8,277 $ 8,087 Machinery and equipment 36,521 35,098 Land 867 756 Construction in progress 2,980 2,756 TOTAL PROPERTY, PLANT AND EQUIPMENT 48,645 46,697 Accumulated depreciation (26,736) (25,502) PROPERTY, PLANT AND EQUIPMENT, NET $ 21,909 $ 21,195
Other Liabilities [Table Text Block]	Selected components of current and noncurrent liabilities were as follows: As of June 30 2023 2022 ACCRUED AND OTHER LIABILITIES - CURRENT Marketing and promotion $ 3,894 $ 3,878 Compensation expenses 2,030 1,797 Taxes payable 828 587 Derivative liabilities 631 1 Leases 222 205 Restructuring reserves 174 147 Other 3,150 2,939 TOTAL $ 10,929 $ 9,554 OTHER NONCURRENT LIABILITIES Pension benefits $ 3,116 $ 3,139 U.S. Tax Act transitional tax payable 1,154 1,661 Other retiree benefits 690 672 Uncertain tax positions 622 752 Long term operating leases 595 595 Derivative liabilities 445 307 Other 530 490 TOTAL $ 7,152 $ 7,616
Schedule of Restructuring Reserve by Type of Cost [Table Text Block]	The following table presents restructuring activity for the fiscal years ended June 30, 2023 and 2022: Separations Asset-Related Costs Other Total RESERVE JUNE 30, 2021 $ 176 $ — $ 102 $ 278 Cost incurred and charged to expense 88 87 78 253 Cost paid/settled (143) (87) (154) (384) RESERVE JUNE 30, 2022 121 — 26 147 Cost incurred and charged to expense 175 43 111 329 Cost paid/settled (141) (43) (118) (302) RESERVE JUNE 30, 2023 $ 155 $ — $ 19 $ 174
Restructuring and Related Costs [Table Text Block]	However, for information purposes, the following table summarizes the total restructuring costs related to our reportable segments: Fiscal years ended June 30 2023 2022 2021 Beauty $ 15 $ 11 $ 13 Grooming 17 14 25 Health Care 28 32 51 Fabric & Home Care 87 42 22 Baby, Feminine & Family Care 21 83 29 Corporate (1) 161 71 190 Total Company $ 329 $ 253 $ 330

GOODWILL AND INTANGIBLE ASSETS

GOODWILL AND INTANGIBLE ASSETS (Tables)	12 Months Ended
	Jun. 30, 2023
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 Total Company Balance at June 30, 2021 - Net (1) $ 13,257 $ 13,095 $ 8,046 $ 1,873 $ 4,653 $ 40,924 Acquisitions and divestitures 781 — 1 — — 782 Translation and other (742) (524) (458) (65) (217) (2,006) Balance at June 30, 2022 - Net (1) 13,296 12,571 7,589 1,808 4,436 39,700 Acquisitions and divestitures 405 — — — 33 438 Translation and other 187 132 129 13 60 521 Balance at June 30, 2023 - Net (1) $ 13,888 $ 12,703 $ 7,718 $ 1,821 $ 4,529 $ 40,659 (1) Grooming goodwill balance is net of $7.9 billion accumulated impairment losses.
Intangible Assets Disclosure [Text Block]	Identifiable intangible assets were comprised of: 2023 2022 As of June 30 Gross Carrying Amount Accumulated Gross Carrying Amount Accumulated INTANGIBLE ASSETS WITH DETERMINABLE LIVES Brands $ 4,352 $ (2,540) $ 4,299 $ (2,628) Patents and technology 2,775 (2,649) 2,769 (2,609) Customer relationships 1,847 (1,039) 1,797 (939) Other 73 (28) 147 (97) TOTAL $ 9,047 $ (6,256) $ 9,012 $ (6,273) INTANGIBLE ASSETS WITH INDEFINITE LIVES Brands 20,992 — 20,940 — TOTAL INTANGIBLE ASSETS $ 30,039 $ (6,256) $ 29,952 $ (6,273)
Schedule of Amortization Expense [Table Text Block]	Amortization expense of intangible assets was as follows: Fiscal years ended June 30 2023 2022 2021 Intangible asset amortization $ 327 $ 312 $ 318
Schedule of Finite-Lived Intangible Assets, Future Amortization Expense [Table Text Block]	Estimated amortization expense over the next five fiscal years is as follows: Fiscal years ending June 30 2024 2025 2026 2027 2028 Estimated amortization expense $ 340 $ 320 $ 297 $ 287 $ 247

INCOME TAXES (Tables)

INCOME TAXES (Tables)	12 Months Ended
	Jun. 30, 2023
Income Tax Disclosure [Abstract]
Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]	Earnings before income taxes consisted of the following: Fiscal years ended June 30 2023 2022 2021 United States $ 12,107 $ 11,698 $ 10,858 International 6,246 6,297 6,757 TOTAL $ 18,353 $ 17,995 $ 17,615
Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]	Income taxes consisted of the following: Fiscal years ended June 30 2023 2022 2021 CURRENT TAX EXPENSE U.S. federal $ 2,303 $ 1,916 $ 1,663 International 1,412 1,333 1,534 U.S. state and local 353 355 324 TOTAL 4,068 3,604 3,521 DEFERRED TAX EXPENSE/(BENEFIT) U.S. federal (224) (320) (65) International and other (229) (82) (193) TOTAL (453) (402) (258) TOTAL TAX EXPENSE $ 3,615 $ 3,202 $ 3,263
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]	A reconciliation of the U.S. federal statutory income tax rate to our actual effective income tax rate is provided below: Fiscal years ended June 30 2023 2022 2021 U.S. federal statutory income tax rate 21.0 % 21.0 % 21.0 % Country mix impacts of foreign operations (0.5) % (0.3) % (0.5) % State income taxes, net of federal benefit 1.6 % 1.5 % 1.3 % Excess tax benefits from the exercise of stock options (1.0) % (2.0) % (1.6) % Foreign derived intangible income deduction (FDII) (0.8) % (1.1) % (1.0) % Changes in uncertain tax positions 0.1 % (0.4) % (0.1) % Other (0.7) % (0.9) % (0.6) % EFFECTIVE INCOME TAX RATE 19.7 % 17.8 % 18.5 %
Summary of Income Tax Contingencies [Table Text Block]	A reconciliation of the beginning and ending liability for uncertain tax positions is as follows: Fiscal years ended June 30 2023 2022 2021 BEGINNING OF YEAR $ 583 $ 627 $ 485 Increases in tax positions for prior years 113 102 157 Decreases in tax positions for prior years (119) (118) (34) Increases in tax positions for current year 60 53 60 Settlements with taxing authorities (108) (42) (26) Lapse in statute of limitations (7) (17) (24) Currency translation (7) (22) 9 END OF YEAR $ 515 $ 583 $ 627
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 2023 2022 DEFERRED TAX ASSETS Loss and other carryforwards $ 1,014 $ 914 Capitalized research & development 930 646 Pension and other retiree benefits 737 740 Accrued marketing and promotion 421 420 Stock-based compensation 412 386 Unrealized loss on financial and foreign exchange transactions 282 138 Fixed assets 223 209 Lease liabilities 197 185 Other 874 862 Valuation allowances (403) (409) TOTAL $ 4,687 $ 4,091 DEFERRED TAX LIABILITIES Goodwill and other intangible assets $ 5,811 $ 5,783 Fixed assets 1,556 1,542 Other retiree benefits 1,101 1,031 Unrealized gain on financial and foreign exchange transactions 198 439 Lease right-of-use assets 191 179 Foreign withholding tax on earnings to be repatriated 96 70 Other 381 244 TOTAL $ 9,334 $ 9,288

EARNINGS PER SHARE (Tables)

EARNINGS PER SHARE (Tables)	12 Months Ended
	Jun. 30, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share, Basic and Diluted [Table Text Block]	Net earnings per common share were calculated as follows: Fiscal years ended June 30 2023 2022 2021 CONSOLIDATED AMOUNTS Net earnings $ 14,738 $ 14,793 $ 14,352 Less: Net earnings attributable to noncontrolling interests 85 51 46 Net earnings attributable to P&G 14,653 14,742 14,306 Less: Preferred dividends 282 281 271 Net earnings attributable to P&G available to common shareholders (Basic) $ 14,371 $ 14,461 $ 14,035 Net earnings attributable to P&G available to common shareholders (Diluted) $ 14,653 $ 14,742 $ 14,306 SHARES IN MILLIONS Basic weighted average common shares outstanding 2,368.2 2,410.3 2,465.8 Add effect of dilutive securities: Stock options and other unvested equity awards (1) 39.4 49.5 52.5 Convertible preferred shares (2) 76.3 79.3 82.7 Diluted weighted average common shares outstanding 2,483.9 2,539.1 2,601.0 NET EARNINGS PER COMMON SHARE (3) Basic $ 6.07 $ 6.00 $ 5.69 Diluted $ 5.90 $ 5.81 $ 5.50 (1) Excludes 19 million, 11 million and 9 million in 2023, 2022 and 2021, respectively, of weighted average stock options outstanding because the exercise price of these options was greater than the average market value of the Company's stock or their effect was antidilutive. (2) An overview of preferred shares can be found in Note 8.

STOCK-BASED COMPENSATION (Table

STOCK-BASED COMPENSATION (Tables)	12 Months Ended
	Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]
Share-based Payment Arrangement, Activity [Table Text Block]	Total expense and related tax benefit were as follows: Fiscal years ended June 30 2023 2022 2021 Stock options $ 303 $ 271 $ 279 RSUs and PSUs 242 257 261 Total share-based expense $ 545 $ 528 $ 540 Income tax benefit $ 103 $ 88 $ 102
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block]	Assumptions utilized in the model, which are evaluated and revised to reflect market conditions and experience, were as follows: Fiscal years ended June 30 2023 2022 2021 Interest rate 3.7 - 4.1 % 0.1 - 1.6 % 0.1 - 0.7 % Weighted average interest rate 3.7 % 1.5 % 0.6 % Dividend yield 2.6 % 2.4 % 2.4 % Expected volatility 21 % 19 % 20 % Expected life in years 8.8 9.1 9.2 The following table provides additional information on stock options: Fiscal years ended June 30 2023 2022 2021 Weighted average grant-date fair value of options granted $ 29.58 $ 21.55 $ 20.94 Intrinsic value of options exercised 979 1,886 1,401 Grant-date fair value of options that vested 219 177 236 Cash received from options exercised 1,189 1,930 1,705 Actual tax benefit from options exercised 207 399 292
Share-based Payment Arrangement, Option, Activity [Table Text Block]	A summary of options outstanding under the plans as of June 30, 2023, and activity during the year then ended is presented below: Options Options Weighted Average Exercise Price Weighted Average Contractual Life in Years Aggregate Intrinsic Value Outstanding at July 1, 2022 126,715 $ 99.59 Granted 9,672 131.26 Exercised (14,667) 81.07 Forfeited/expired (515) 128.40 Outstanding at June 30, 2023 121,205 $ 104.18 5.1 $ 5,770 Exercisable 86,336 $ 90.46 3.9 $ 5,291
Schedule of Nonvested Share Activity [Table Text Block]	A summary of non-vested RSUs and PSUs outstanding under the plans as of June 30, 2023, 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, 2022 2,832 $ 130.37 928 $ 152.94 Granted 1,727 128.78 569 133.21 Vested (1,286) 116.89 (453) 152.90 Forfeited (101) 131.22 (33) 140.68 Non-vested at June 30, 2023 3,172 $ 134.94 1,011 $ 142.40

POSTRETIREMENT BENEFITS AND E_2

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN (Tables)	12 Months Ended
	Jun. 30, 2023
Retirement Benefits [Abstract]
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]	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) Fiscal years ended June 30 2023 2022 2023 2022 CHANGE IN BENEFIT OBLIGATION Benefit obligation at beginning of year (3) $ 12,608 $ 18,469 $ 3,070 $ 4,206 Service cost 173 253 71 86 Interest cost 430 253 142 99 Participants' contributions 13 14 50 67 Amendments (4) 8 5 — (586) Net actuarial loss/(gain) (550) (4,067) (208) (586) Special termination benefits 5 4 4 1 Currency translation and other 363 (1,720) 31 51 Benefit payments (551) (603) (227) (268) BENEFIT OBLIGATION AT END OF YEAR (3) $ 12,499 $ 12,608 $ 2,933 $ 3,070 CHANGE IN PLAN ASSETS Fair value of plan assets at beginning of year $ 10,173 $ 13,041 $ 6,889 $ 6,444 Actual return on plan assets 37 (1,233) 482 526 Employer contributions 392 222 42 37 Participants' contributions 13 14 50 67 Currency translation and other 310 (1,268) 1 1 ESOP debt impacts (5) — — 87 82 Benefit payments (551) (603) (227) (268) FAIR VALUE OF PLAN ASSETS AT END OF YEAR $ 10,374 $ 10,173 $ 7,324 $ 6,889 FUNDED STATUS $ (2,125) $ (2,435) $ 4,391 $ 3,819 (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) For the other retiree benefits, the amendment primarily relates to adjustments in the self-insured U.S. retiree health care program to utilize fully-insured Medicare Advantage Programs impacting fiscal year 2022.
Schedule of Amounts Recognized in Balance Sheet [Table Text Block]	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 2023 2022 2023 2022 CLASSIFICATION OF NET AMOUNT RECOGNIZED Noncurrent assets $ 1,085 $ 765 $ 5,119 $ 4,525 Current liabilities (94) (61) (38) (34) Noncurrent liabilities (3,116) (3,139) (690) (672) NET AMOUNT RECOGNIZED $ (2,125) $ (2,435) $ 4,391 $ 3,819 AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE (INCOME)/LOSS (AOCI) Net actuarial loss/(gain) $ 1,818 $ 1,906 $ (1,160) $ (1,093) Prior service cost/(credit) 156 170 (787) (907) NET AMOUNTS RECOGNIZED IN AOCI $ 1,974 $ 2,076 $ (1,947) $ (2,000)
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block]	Information related to the funded status of selected pension and other retiree benefits at June 30 is as follows: As of June 30 2023 2022 PENSION PLANS WITH A PROJECTED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS Projected benefit obligation $ 7,967 $ 7,989 Fair value of plan assets 4,758 4,789 PENSION PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS Accumulated benefit obligation $ 7,442 $ 7,191 Fair value of plan assets 4,677 4,433 OTHER RETIREE BENEFIT PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS Accumulated benefit obligation $ 818 $ 808 Fair value of plan assets 89 102
Schedule of Net Benefit Costs [Table Text Block]	Net Periodic Benefit Cost . Components of the net periodic benefit cost were as follows: Pension Benefits Other Retiree Benefits Fiscal years ended June 30 2023 2022 2021 2023 2022 2021 AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST/(CREDIT) Service cost $ 173 $ 253 $ 275 $ 71 $ 86 $ 94 Interest cost 430 253 240 142 99 114 Expected return on plan assets (591) (684) (783) (611) (564) (508) Amortization of net actuarial loss/(gain) 133 337 423 (7) 11 47 Amortization of prior service cost/(credit) 26 28 25 (125) (107) (60) Amortization of net actuarial loss/(gain) due to settlements — (5) 5 — — — Special termination benefits 5 4 17 4 1 2 GROSS BENEFIT COST/(CREDIT) 176 186 202 (526) (474) (311) Dividends on ESOP preferred stock — — — — — (8) NET PERIODIC BENEFIT COST/(CREDIT) $ 176 $ 186 $ 202 $ (526) $ (474) $ (319) CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI Net actuarial loss/(gain) - current year $ 4 $ (2,150) $ (79) $ (548) Prior service cost/(credit) - current year 8 5 — (586) Amortization of net actuarial loss/(gain) (133) (337) 7 (11) Amortization of prior service (cost)/credit (26) (28) 125 107 Amortization of net actuarial loss/(gain) due to settlements — 5 — — Currency translation and other 45 (486) — 13 TOTAL CHANGE IN AOCI (102) (2,991) 53 (1,025) NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST/(CREDIT) AND AOCI $ 74 $ (2,805) $ (473) $ (1,499)
Defined Benefit Plan, Assumptions [Table Text Block]	The weighted average assumptions used to determine benefit obligations recorded on the Consolidated Balance Sheets as of June 30, 2023 and 2022, were as follows: (1) Pension Benefits Other Retiree Benefits As of June 30 2023 2022 2023 2022 Discount rate 4.2 % 3.7 % 5.6 % 5.0 % Rate of compensation increase 2.9 % 2.8 % N/A N/A Interest crediting rate for cash balance plans 4.3 % 4.3 % N/A N/A Health care cost trend rates assumed for next year N/A N/A 6.1 % 6.4 % Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate) N/A N/A 4.5 % 4.5 % Year that the rate reaches the ultimate trend rate N/A N/A 2028 2028 (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 fiscal years ended June 30 were as follows: (1) Pension Benefits Other Retiree Benefits Fiscal years ended June 30 2023 2022 2021 2023 2022 2021 Discount rate 3.7 % 1.7 % 1.5 % 5.0 % 3.2 % 3.1 % Expected return on plan assets 5.9 % 5.5 % 6.5 % 8.4 % 8.4 % 8.4 % Rate of compensation increase 2.8 % 2.7 % 2.5 % N/A N/A N/A Interest crediting rate for cash balance plans 4.3 % 4.4 % 4.4 % N/A N/A N/A (1) Determined as of beginning of fiscal year.
Schedule of Allocation of Plan Assets [Table Text Block]	Our target asset allocation for the fiscal year ended June 30, 2023, and actual asset allocation by asset category as of June 30, 2023 and 2022, were as follows: Target Asset Allocation Actual Asset Allocation at June 30 Pension Benefits Other Retiree Pension Benefits Other Retiree Benefits Asset Category 2023 2022 2023 2022 Cash 1 % 2 % 1 % 1 % 2 % 2 % Debt securities 59 % — % 60 % 58 % 1 % 1 % Equity securities 40 % 98 % 39 % 41 % 97 % 97 % TOTAL 100 % 100 % 100 % 100 % 100 % 100 %
Pension and Postretirement Plan Assets By Fair Value Hierarchy	Investments valued using net asset value as a practical expedient 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 2023 2022 Fair Value Hierarchy Level 2023 2022 ASSETS AT FAIR VALUE Cash and cash equivalents 1 $ 54 $ 78 1 $ 148 $ 130 Company common stock — — 1 368 319 Company preferred stock (1) — — 2 6,721 6,340 Fixed income securities (2) 2 1,190 1,545 — — Insurance contracts (3) 3 93 94 — — TOTAL ASSETS IN THE FAIR VALUE HIERARCHY 1,337 1,717 7,237 6,789 Investments valued at net asset value (4) 9,037 8,456 87 100 TOTAL ASSETS AT FAIR VALUE $ 10,374 10,173 $ 7,324 6,889 (1) Company preferred stock is valued based on the value of Company common stock and is presented net of ESOP debt discussed below. (2) Fixed income securities are estimated by using pricing models or quoted prices of securities with similar characteristics. (3) Fair values of insurance contracts are valued based on either their cash equivalent value 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. The activity for Level 3 assets is not significant for all years presented.
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: Fiscal years ending June 30 Pension Benefits Other Retiree Benefits EXPECTED BENEFIT PAYMENTS 2024 $ 648 $ 179 2025 633 186 2026 632 189 2027 652 196 2028 704 202 2029 - 2033 3,800 1,102
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block]	The number of preferred shares outstanding at June 30 was as follows: Shares in thousands 2023 2022 2021 Allocated 24,449 25,901 27,759 Unallocated 535 1,123 1,769 TOTAL SERIES A 24,984 27,024 29,528 Allocated 32,172 30,719 29,203 Unallocated 17,867 20,120 22,349 TOTAL SERIES B 50,039 50,839 51,552

RISK MANAGEMENT ACTIVITIES AN_2

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, 2023
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, 2023 and 2022, are as follows: Notional Amount Fair Value Asset Fair Value (Liability) As of June 30 2023 2022 2023 2022 2023 2022 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ 4,044 $ 4,972 $ — $ 3 $ (445) $ (307) DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS Foreign currency interest rate contracts $ 11,005 $ 7,943 $ 26 $ 561 $ (631) $ (1) TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS $ 15,049 $ 12,915 $ 26 $ 564 $ (1,076) $ (308) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ 3,489 $ 5,625 $ 7 $ 6 $ (42) $ (61) TOTAL DERIVATIVES AT FAIR VALUE $ 18,538 $ 18,540 $ 33 $ 570 $ (1,118) $ (369)
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 Fiscal years ended June 30 2023 2022 DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2) Foreign currency interest rate contracts $ (544) $ 1,033 (1) For the derivatives in net investment hedging relationships, the amount of gain excluded from effectiveness testing, which was recognized in earnings, was $238 and $73 for the fiscal years ended June 30, 2023 and 2022, 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 $(315) and $1,639, for the fiscal years ended June 30, 2023 and 2022, respectively.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value [Table Text Block]	Amount of Gain/(Loss) Recognized in Earnings Fiscal years ended June 30 2023 2022 DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS Interest rate contracts $ (141) $ (450) DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS Foreign currency contracts $ (97) $ (149)

SHORT-TERM AND LONG-TERM DEBT (

SHORT-TERM AND LONG-TERM DEBT (Tables)	12 Months Ended
	Jun. 30, 2023
Debt Disclosure [Abstract]
Schedule of Short-term Debt [Table Text Block]	As of June 30 2023 2022 DEBT DUE WITHIN ONE YEAR Current portion of long-term debt $ 3,951 $ 3,647 Commercial paper 6,236 4,805 Other 42 193 TOTAL $ 10,229 $ 8,645 Weighted average interest rate of debt due within one year (1) 4.2 % 0.8 % (1) Weighted average interest rate of debt due within one year includes the effects of interest rate swaps discussed in Note 9.
Schedule of Long-term Debt Instruments [Table Text Block]	As of June 30 2023 2022 LONG-TERM DEBT 3.10% USD note due August 2023 $ 1,000 $ 1,000 1.13% EUR note due November 2023 1,359 1,306 0.50% EUR note due October 2024 544 523 0.63% EUR note due October 2024 870 836 0.55% USD note due October 2025 1,000 1,000 4.10% USD note due January 2026 650 — 2.70% USD note due February 2026 600 600 1.00% USD note due April 2026 1,000 1,000 3.25% EUR note due August 2026 707 — 2.45% USD note due November 2026 875 875 1.90% USD note due February 2027 1,000 1,000 2.80% USD note due March 2027 500 500 4.88% EUR note due May 2027 1,087 1,045 2.85% USD note due August 2027 750 750 3.95% USD note due January 2028 600 — 1.20% EUR note due October 2028 870 836 1.25% EUR note due October 2029 544 523 3.00% USD note due March 2030 1,500 1,500 0.35% EUR note due May 2030 544 523 1.20% USD note due October 2030 1,250 1,250 1.95% USD note due April 2031 1,000 1,000 3.25% EUR note due August 2031 707 — 2.30% USD note due February 2032 850 850 4.05% USD note due January 2033 850 — 5.55% USD note due March 2037 716 716 1.88% EUR note due October 2038 544 523 3.55% USD note due March 2040 516 516 0.90% EUR note due November 2041 652 627 All other long-term debt 5,244 7,196 Current portion of long-term debt (3,951) (3,647) TOTAL $ 24,378 $ 22,848 Weighted average interest rate of long-term debt (1) 2.9% 2.2% (1) Weighted average interest rate of long-term debt includes 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: Fiscal years ending June 30 2024 2025 2026 2027 2028 Debt maturities $3,951 $1,954 $3,364 $4,368 $1,380

ACCUMULATED OTHER COMPREHENSI_2

ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)	12 Months Ended
	Jun. 30, 2023
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 Post-retirement Benefit Plans Foreign Currency Translation Total AOCI BALANCE at JUNE 30, 2021 $ 15 $ (2,963) $ (10,796) $ (13,744) OCI before reclassifications (1) 4 2,797 (1,451) 1,350 Amounts reclassified to the Consolidated Statement of Earnings (2) 1 195 1 197 Net current period OCI 5 2,992 (1,450) 1,547 Less: OCI attributable to non-controlling interests — 2 (10) (8) BALANCE at JUNE 30, 2022 20 27 (12,236) (12,189) OCI before reclassifications (3) (7) 21 (71) (57) Amounts reclassified to the Consolidated Statement of Earnings (4) — 19 — 19 Net current period OCI (7) 40 (71) (38) Less: OCI attributable to non-controlling interests — — (7) (7) BALANCE at JUNE 30, 2023 $ 13 $ 67 $ (12,300) $ (12,220) (1) Net of tax (benefit)/expense of $1, $953 and $515 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions. (2) Net of tax (benefit)/expense of $0, $69 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. (3) Net of tax (benefit)/expense of $(2), $1 and $(197) for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions. (4) Net of tax (benefit)/expense of $0, $8 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023.

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Jun. 30, 2023
Leases [Abstract]
Lease, Cost	The components of the Company’s total operating lease cost for the fiscal years ended June 30, 2023, 2022 and 2021, were as follows: Fiscal years ended June 30 2023 2022 2021 Operating lease cost $ 229 $ 220 $ 245 Variable lease cost (1) 79 89 75 Total lease cost $ 308 $ 309 $ 320 (1) Includes primarily costs for utilities, common area maintenance, property taxes and other operating costs associated with operating leases that are not included in the lease liability and are recognized in the period in which they are incurred.
asset and liabilities, lessee	Supplemental balance sheet and other information related to leases is as follows: As of June 30 2023 2022 Operating leases: Right-of-use assets (Other noncurrent assets) $ 781 $ 760 Current lease liabilities (Accrued and other liabilities) 222 205 Noncurrent lease liabilities (Other noncurrent liabilities) 595 595 Total operating lease liabilities $ 817 $ 800 Weighted average remaining lease term: Operating leases 6.2 years 6.4 years Weighted average discount rate: Operating leases 3.5 % 3.2 %
Lessee, Operating Lease, Liability, Maturity	At June 30, 2023, future payments of operating lease liabilities were as follows: Operating Leases June 30, 2023 1 year $ 222 2 years 185 3 years 137 4 years 100 5 years 71 Over 5 years 196 Total lease payments 911 Less: Interest (94) Present value of lease liabilities $ 817

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Tables)	12 Months Ended
	Jun. 30, 2023
Commitments and Contingencies Disclosure [Abstract]
Unrecorded Unconditional Purchase Obligations Disclosure [Table Text Block]	Commitments made under take-or-pay obligations are as follows: Fiscal years ending June 30 2024 2025 2026 2027 2028 Thereafter Purchase obligations $ 1,169 $ 597 $ 379 $ 314 $ 168 $ 362

SUMMARY OF SIGNIFICANT ACCOUN_3

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES - ADDITIONAL INFORMATION (Details) $ in Billions	12 Months Ended
	Jun. 30, 2023 USD ($) countries	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Number of Countries in which Entity Operates | countries	180
Number of Countries With On The Ground Operations | countries	70
Research and Development Expense | $	$ 2	$ 2	$ 1.9
Advertising Expense | $	$ 8	$ 7.9	$ 8.2
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

SEGMENT INFORMATION - PERCENT O

SEGMENT INFORMATION - PERCENT OF SALES BY BUSINESS UNIT (Details)		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	100%	100%	100%
Fabric Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	23%	23%	22%
Home Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	12%	12%	12%
Baby Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	10%	10%	10%
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]	9%	9%	10%
Hair Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	9%	9%	9%
Family Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	8%	9%	9%
Grooming
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1],[2]	8%	6%	7%
Oral Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	8%	8%	8%
Feminine Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	7%	6%	6%
Personal Health Care
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1]	6%	6%	5%
All Other
Segment Reporting Information [Line Items]
Segment Reporting, Additional Information about Entity's Reportable Segments - Percent of Sales by Business Unit	[1],[2]	0%	2%	2%
[1]% of Net sales by operating segment excludes sales recorded in Corporate.[2]Effective July 1, 2022, the Grooming Sector Business Unit completed the full integration of its Shave Care and Appliances categories to cohesively serve consumers' grooming needs. This transition included the integration of the management team, strategic decision-making, innovation plans, financial targets, budgets and internal management reporting. For the fiscal years ended June 30, 2022 and 2021, Appliances was presented in Other.

SEGMENT INFORMATION SEGMENT INF

SEGMENT INFORMATION SEGMENT INFORMATION - US AND INTERNATIONAL SALES AND ASSETS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net Sales		$ 82,006	$ 80,187	$ 76,118
Property, Plant and Equipment, Net		21,909	21,195
UNITED STATES
Net Sales		38,700	36,500	33,700
Property, Plant and Equipment, Net	[1]	11,400	10,700	10,100
Non-US [Member]
Net Sales		43,300	43,700	42,400
Property, Plant and Equipment, Net	[1]	$ 10,500	$ 10,500	$ 11,600
[1]Long-lived assets consists of property, plant and equipment.

SEGMENT INFORMATION - GLOBAL SE

SEGMENT INFORMATION - GLOBAL SEGMENT RESULTS (Details) - USD ($)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Net Sales	$ 82,006,000,000	$ 80,187,000,000	$ 76,118,000,000
Earnings/(Loss) from Continuing Operations Before Income Taxes	18,353,000,000	17,995,000,000	17,615,000,000
Net Earnings from Continuing Operations	14,738,000,000	14,793,000,000	14,352,000,000
Depreciation, Depletion and Amortization	2,714,000,000	2,807,000,000	2,735,000,000
Assets	120,829,000,000	117,208,000,000	119,307,000,000
Payments to Acquire Property, Plant, and Equipment	3,062,000,000	3,156,000,000	2,787,000,000
Beauty
Net Sales	15,008,000,000	14,740,000,000	14,417,000,000
Earnings/(Loss) from Continuing Operations Before Income Taxes	4,009,000,000	3,946,000,000	4,018,000,000
Net Earnings from Continuing Operations	3,178,000,000	3,160,000,000	3,210,000,000
Depreciation, Depletion and Amortization	376,000,000	348,000,000	333,000,000
Assets	6,196,000,000	6,055,000,000	5,587,000,000
Payments to Acquire Property, Plant, and Equipment	287,000,000	331,000,000	386,000,000
Grooming
Net Sales	6,419,000,000	6,587,000,000	6,440,000,000
Earnings/(Loss) from Continuing Operations Before Income Taxes	1,806,000,000	1,835,000,000	1,728,000,000
Net Earnings from Continuing Operations	1,461,000,000	1,490,000,000	1,427,000,000
Depreciation, Depletion and Amortization	335,000,000	361,000,000	378,000,000
Assets	20,601,000,000	20,482,000,000	20,668,000,000
Payments to Acquire Property, Plant, and Equipment	300,000,000	260,000,000	291,000,000
Health Care
Net Sales	11,226,000,000	10,824,000,000	9,956,000,000
Earnings/(Loss) from Continuing Operations Before Income Taxes	2,759,000,000	2,618,000,000	2,398,000,000
Net Earnings from Continuing Operations	2,125,000,000	2,006,000,000	1,851,000,000
Depreciation, Depletion and Amortization	352,000,000	376,000,000	372,000,000
Assets	8,480,000,000	7,888,000,000	7,976,000,000
Payments to Acquire Property, Plant, and Equipment	466,000,000	410,000,000	364,000,000
Fabric & Home Care
Net Sales	28,371,000,000	27,556,000,000	26,014,000,000
Earnings/(Loss) from Continuing Operations Before Income Taxes	6,303,000,000	5,729,000,000	5,986,000,000
Net Earnings from Continuing Operations	4,828,000,000	4,386,000,000	4,622,000,000
Depreciation, Depletion and Amortization	675,000,000	672,000,000	646,000,000
Assets	8,669,000,000	8,567,000,000	8,334,000,000
Payments to Acquire Property, Plant, and Equipment	979,000,000	988,000,000	1,006,000,000
Baby, Feminine & Family Care
Net Sales	20,217,000,000	19,736,000,000	18,850,000,000
Earnings/(Loss) from Continuing Operations Before Income Taxes	4,623,000,000	4,267,000,000	4,723,000,000
Net Earnings from Continuing Operations	3,545,000,000	3,266,000,000	3,629,000,000
Depreciation, Depletion and Amortization	804,000,000	826,000,000	846,000,000
Assets	8,517,000,000	8,443,000,000	8,666,000,000
Payments to Acquire Property, Plant, and Equipment	994,000,000	932,000,000	814,000,000
Corporate
Net Sales	765,000,000	744,000,000	441,000,000
Earnings/(Loss) from Continuing Operations Before Income Taxes	(1,147,000,000)	(400,000,000)	(1,238,000,000)
Net Earnings from Continuing Operations	(399,000,000)	485,000,000	(387,000,000)
Depreciation, Depletion and Amortization	172,000,000	224,000,000	160,000,000
Assets	68,366,000,000	65,773,000,000	68,076,000,000
Payments to Acquire Property, Plant, and Equipment	$ 36,000,000	$ 235,000,000	$ (74,000,000)

SEGMENT INFORMATION - ADDITIONA

SEGMENT INFORMATION - ADDITIONAL INFORMATION (Details) - segment	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Number of Reportable Segments	5
Wal-Mart Stores Inc and Affiliates
Percentage Of Total Revenues By Customer	15%	15%	15%

SUPPLEMENTAL FINANCIAL INFORM_3

SUPPLEMENTAL FINANCIAL INFORMATION - PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Property, Plant and Equipment [Line Items]
Total Property, Plant and Equipment	$ 48,645	$ 46,697
Accumulated Depreciation, Depletion and Amortization, Property, Plant, and Equipment	(26,736)	(25,502)
Property, Plant and Equipment, Net	21,909	21,195
Buildings
Property, Plant and Equipment [Line Items]
Total Property, Plant and Equipment	8,277	8,087
Machinery and Equipment
Property, Plant and Equipment [Line Items]
Total Property, Plant and Equipment	36,521	35,098
Land
Property, Plant and Equipment [Line Items]
Total Property, Plant and Equipment	867	756
Construction in Progress
Property, Plant and Equipment [Line Items]
Total Property, Plant and Equipment	$ 2,980	$ 2,756

SUPPLEMENTAL FINANCIAL INFORM_4

SUPPLEMENTAL FINANCIAL INFORMATION - ACCRUED AND OTHER LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
ACCRUED AND OTHER LIABILITIES - CURRENT
Derivative Liability, Current	$ 631	$ 1
Operating Lease, Liability, Current	222	205
Other Liabilities, Current	3,150	2,939
Accrued Liabilities, Current	10,929	9,554
OTHER NONCURRENT LIABILITIES
Pension Benefits	3,116	3,139
U.S. Tax Act Transitional Tax Payable	1,154	1,661
Other Postretirement Benefits	690	672
Uncertain Tax Positions	622	752
Operating Lease, Liability, Noncurrent	595	595
Derivative Liability, Noncurrent	445	307
Liabilities, Noncurrent	530	490
Other Liabilities, Noncurrent	7,152	7,616
Other Current Liabilities
ACCRUED AND OTHER LIABILITIES - CURRENT
Marketing and Promotion	3,894	3,878
Compensation Expenses	2,030	1,797
Taxes Payable	828	587
Restructuring Reserves	174	147
Accrued Liabilities, Current	$ 10,929	$ 9,554

SUPPLEMENTAL FINANCIAL INFORM_5

SUPPLEMENTAL FINANCIAL INFORMATION - RESTRUCTURING ACTIVITY (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	$ 147	$ 278
Restructuring Charges	329	253	$ 330
Payments for Restructuring	(302)	(384)
Restructuring Reserve Ending Balance	174	147	278
Separations
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	121	176
Restructuring Charges	175	88
Payments for Restructuring	(141)	(143)
Restructuring Reserve Ending Balance	155	121	176
Asset-Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	0	0
Restructuring Charges	43	87
Payments for Restructuring	(43)	(87)
Restructuring Reserve Ending Balance	0	0	0
Other
Restructuring Cost and Reserve [Line Items]
Restructuring Reserve Beginning Balance	26	102
Restructuring Charges	111	78
Payments for Restructuring	(118)	(154)
Restructuring Reserve Ending Balance	$ 19	$ 26	$ 102

SUPPLEMENTAL FINANCIAL INFORM_6

SUPPLEMENTAL FINANCIAL INFORMATION - OTHER COSTS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		$ 329	$ 253	$ 330
Beauty
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		15	11	13
Grooming
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		17	14	25
Health Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		28	32	51
Fabric & Home Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		87	42	22
Baby, Feminine & Family Care
Restructuring Cost and Reserve [Line Items]
Restructuring Charges		21	83	29
Corporate
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	[1]	$ 161	$ 71	$ 190
[1]Corporate includes costs related to allocated overheads, including charges related to our Enterprise Markets, Global Business Services and Corporate Functions activities.

SUPPLEMENTAL FINANCIAL INFORM_7

SUPPLEMENTAL FINANCIAL INFORMATION - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	$ 329	$ 253	$ 330
Selling, General and Administrative Expenses [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	160	67
Cost of Sales [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	160	182
Other Nonoperating Income (Expense) [Member]
Restructuring Cost and Reserve [Line Items]
Restructuring Charges	9	$ 4
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

GOODWILL AND INTANGIBLE ASSET_2

GOODWILL AND INTANGIBLE ASSETS - GOODWILL BY GLOBAL BUSINESS UNIT (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		$ 438	$ 782
Goodwill, Translation and Purchase Accounting Adjustments		521	(2,006)
Goodwill	[1]	40,659	39,700	$ 40,924
Beauty
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		405	781
Goodwill, Translation and Purchase Accounting Adjustments		187	(742)
Goodwill	[1]	13,888	13,296	13,257
Grooming
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		0	0
Goodwill, Translation and Purchase Accounting Adjustments		132	(524)
Goodwill	[1]	12,703	12,571	13,095
Goodwill, Impaired, Accumulated Impairment Loss		7,900	7,900	7,900
Health Care
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		0	1
Goodwill, Translation and Purchase Accounting Adjustments		129	(458)
Goodwill	[1]	7,718	7,589	8,046
Fabric & Home Care
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		0	0
Goodwill, Translation and Purchase Accounting Adjustments		13	(65)
Goodwill	[1]	1,821	1,808	1,873
Baby, Feminine & Family Care
Goodwill [Line Items]
Goodwill Acquisitions and Divestitures		33	0
Goodwill, Translation and Purchase Accounting Adjustments		60	(217)
Goodwill	[1]	$ 4,529	$ 4,436	$ 4,653
[1]Grooming goodwill balance is net of $7.9 billion accumulated impairment losses.

GOODWILL AND INTANGIBLE ASSET_3

GOODWILL AND INTANGIBLE ASSETS - INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	$ 9,047	$ 9,012
Finite-Lived Intangible Assets, Accumulated Amortization	(6,256)	(6,273)
Intangible Assets, Gross (Excluding Goodwill)	30,039	29,952
Brands
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	4,352	4,299
Finite-Lived Intangible Assets, Accumulated Amortization	(2,540)	(2,628)
Patents and Developed Technology
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	2,775	2,769
Finite-Lived Intangible Assets, Accumulated Amortization	(2,649)	(2,609)
Customer Relationships
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	1,847	1,797
Finite-Lived Intangible Assets, Accumulated Amortization	(1,039)	(939)
Other Intangible Assets [Member]
Finite-Lived Intangible Assets [Line Items]
Finite-Lived Intangible Assets, Gross	73	147
Finite-Lived Intangible Assets, Accumulated Amortization	(28)	(97)
Brands
Finite-Lived Intangible Assets [Line Items]
Indefinite-lived Intangible Assets (Excluding Goodwill)	$ 20,992	$ 20,940

GOODWILL AND INTANGIBLE ASSET_4

GOODWILL AND INTANGIBLE ASSETS - AMORTIZATION OF INTANGIBLE ASSETS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 327	$ 312	$ 318

GOODWILL AND INTANGIBLE ASSET_5

GOODWILL AND INTANGIBLE ASSETS - ESTIMATED AMORTIZATION EXPENSE (Details) $ in Millions	Jun. 30, 2023 USD ($)
Goodwill and Intangible Assets Disclosure [Abstract]
Finite-Lived Intangible Assets, Amortization Expense, Next Twelve Months	$ 340
Finite-Lived Intangible Assets, Amortization Expense, Year Two	320
Finite-Lived Intangible Assets, Amortization Expense, Year Three	297
Finite-Lived Intangible Assets, Amortization Expense, Year Four	287
Finite-Lived Intangible Assets, Amortization Expense, Year Five	$ 247

INCOME TAXES - EARNINGS FROM CO

INCOME TAXES - EARNINGS FROM CONTINUING OPERATIONS BEFORE INCOME TAXES (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Income (Loss) from Continuing Operations before Equity Method Investments, Income Taxes, Noncontrolling Interest [Abstract]
Income (Loss) from Continuing Operations before Income Taxes, US	$ 12,107	$ 11,698	$ 10,858
Income (Loss) from Continuing Operations before Income Taxes, International	6,246	6,297	6,757
Income Loss From Continuing Operations Before Income Taxes Adjusted for Net Earnings Attributable to Noncontrolling Interests	$ 18,353	$ 17,995	$ 17,615

INCOME TAXES - PROVISION FOR IN

INCOME TAXES - PROVISION FOR INCOME TAXES ON CONTINUING OPERATIONS (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
CURRENT TAX EXPENSE
Current Federal Tax Expense (Benefit)	$ 2,303	$ 1,916	$ 1,663
Current Foreign Tax Expense (Benefit)	1,412	1,333	1,534
Current State and Local Tax Expense (Benefit)	353	355	324
Current Income Tax Expense (Benefit)	4,068	3,604	3,521
DEFERRED TAX EXPENSE
Deferred Federal Income Tax Expense (Benefit)	(224)	(320)	(65)
Deferred Foreign Income Tax Expense (Benefit)	(229)	(82)	(193)
Deferred Income Tax Expense (Benefit) Continuing Operations	(453)	(402)	(258)
Income Tax Expense	$ 3,615	$ 3,202	$ 3,263

INCOME TAXES - INCOME TAX RATE

INCOME TAXES - INCOME TAX RATE RECONCILIATION (Details)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Effective Income Tax Rate Reconciliation, Percent [Abstract]
Effective Income Tax Rate Reconciliation, at Federal Statutory Income Tax Rate, Percent	21%	21%	21%
Effective Income Tax Rate Reconciliation, Foreign Income Tax Rate Differential, Percent	(0.50%)	(0.30%)	(0.50%)
Effective Income Tax Rate Reconciliation, State and Local Income Taxes, Percent	1.60%	1.50%	1.30%
Effective Income Tax Rate Reconciliation, Tax Expense (Benefit), Share-based Payment Arrangement, Percent	(1.00%)	(2.00%)	(1.60%)
Effective Income Tax Rate Reconciliation, Deduction, Percent	(0.80%)	(1.10%)	(1.00%)
Effective Income Tax Rate Reconciliation, Tax Contingency, Other, Percent	0.10%	(0.40%)	(0.10%)
Effective Income Tax Rate Reconciliation, Other Adjustments, Percent	(0.70%)	(0.90%)	(0.60%)
Effective Income Tax Rate Reconciliation, Percent	19.70%	17.80%	18.50%

INCOME TAXES - UNRECOGNIZED TAX

INCOME TAXES - UNRECOGNIZED TAX BENEFITS RECONCILIATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Reconciliation of Unrecognized Tax Benefits, Excluding Amounts Pertaining to Examined Tax Returns [Roll Forward]
BEGINNING OF YEAR	$ 583	$ 627	$ 485
Unrecognized Tax Benefits, Increase Resulting from Prior Period Tax Positions	113	102	157
Unrecognized Tax Benefits, Decrease Resulting from Prior Period Tax Positions	(119)	(118)	(34)
Unrecognized Tax Benefits, Increase Resulting from Current Period Tax Positions	60	53	60
Unrecognized Tax Benefits, Decrease Resulting from Settlements with Taxing Authorities	(108)	(42)	(26)
Unrecognized Tax Benefits, Reduction Resulting from Lapse of Applicable Statute of Limitations	(7)	(17)	(24)
Unrecognized Tax Benefits, Increases (Decreases) Resulting From Currency Translation	(7)	(22)	9
END OF YEAR	$ 515	$ 583	$ 627

INCOME TAXES - DEFERRED INCOME

INCOME TAXES - DEFERRED INCOME TAX ASSETS AND LIABILITIES (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Deferred Tax Assets, Net [Abstract]
Deferred Tax Assets, Other Tax Carryforwards	$ 1,014	$ 914
Deferred Tax Assets Capitalized Research and Development	930	646
Deferred Tax Assets Pension And Postretirement Benefits	737	740
Deferred Tax Assets Accrued Marketing And Promotion Expense	421	420
Deferred Tax Assets, Tax Deferred Expense, Compensation and Benefits, Share-based Compensation Cost	412	386
Deferred Tax Assets, Unrealized Losses on Trading Securities	282	138
Deferred Tax Assets, Property, Plant and Equipment	223	209
Deferred Tax Assets, Lease Liabilities	197	185
Deferred Tax Assets, Other	874	862
Deferred Tax Assets, Valuation Allowance	(403)	(409)
Deferred Tax Assets, Net of Valuation Allowance	4,687	4,091
Deferred Tax Liabilities, Net [Abstract]
Deferred Tax Liabilities, Goodwill and Intangible Assets	5,811	5,783
Deferred Tax Liabilities, Property, Plant and Equipment	1,556	1,542
Deferred Tax Liabilities Other Retiree Benefit	1,101	1,031
Deferred Tax Liabilities, Unrealized Gains on Trading Securities	198	439
Deferred Tax Liabilities, Leasing Arrangements	191	179
Deferred Tax Liabilities, Undistributed Foreign Earnings	96	70
Deferred Tax Liabilities, Other	381	244
Deferred Tax Liabilities, Net	$ 9,334	$ 9,288

INCOME TAXES - ADDITIONAL INFOR

INCOME TAXES - ADDITIONAL INFORMATION (Details) $ in Millions	12 Months Ended
	Jun. 30, 2024 USD ($)	Jun. 30, 2023 USD ($) audit countries	Jun. 30, 2022 USD ($)	Jun. 30, 2021 USD ($)
Income Tax Effects Allocated Directly to Equity		$ 190	$ 1,538
Unrecognized Tax Benefits that Would Impact Effective Tax Rate		$ 354
Number of Countries With On The Ground Operations | countries		70
Number of Income Tax Jurisdiction | countries		150
Open Tax Year		2010
Unrecognized Tax Benefits, Interest on Income Taxes Accrued		$ 143	179	$ 166
Unrecognized Tax Benefits, Income Tax Penalties Accrued		12	12	10
Unrecognized Tax Benefits, Interest on Income Taxes Expense		23	21	38
Unrecognized Tax Benefits, Income Tax Penalties Expense		1	2	$ 6
Operating Loss Carryforwards		2,900	$ 2,500
Undistributed Earnings of Foreign Subsidiaries		$ 24,000
Subsequent Event
Liability for uncertain tax position	$ 40
Minimum
Number of Jurisdictional Audits | audit		30
Maximum
Number of Jurisdictional Audits | audit		40
Net Operating Loss, Expiring Within 20 Years | Minimum
Operating Loss Carryforwards		$ 300
Net Operating Loss, Indefinite Life | Maximum
Operating Loss Carryforwards		$ 2,600

EARNINGS PER SHARE (Details)

EARNINGS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions		12 Months Ended
		Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2021
Earnings Per Share [Abstract]
Net Earnings		$ 14,738		$ 14,793		$ 14,352
Net Earnings Attributable to Noncontrolling Interest		85		51		46
Net Income (Loss) Attributable to Parent		14,653		14,742		14,306
Dividends, Preferred Stock		282		281		271
Net Income (Loss) Available to Common Stockholders, Basic		14,371		14,461		14,035
Net Income (Loss) Available to Common Stockholders, Diluted		$ 14,653		$ 14,742		$ 14,306
Weighted Average Number of Shares Outstanding, Basic		2,368.2		2,410.3		2,465.8
Incremental Common Shares Attributable to Dilutive Effect of Share-based Payment Arrangements	[1]	39.4		49.5		52.5
Incremental Common Shares Attributable to Dilutive Effect of Conversion of Preferred Stock	[2]	76.3		79.3		82.7
Weighted Average Number of Shares Outstanding, Diluted		2,483.9		2,539.1		2,601
Earnings Per Share, Basic	[3]	$ 6.07		$ 6		$ 5.69
Earnings Per Share, Diluted		$ 5.90	[3]	$ 5.81	[4]	$ 5.50	[3]
[1]Excludes 19 million, 11 million and 9 million in 2023, 2022 and 2021, respectively, of weighted average stock options outstanding because the exercise price of these options was greater than the average market value of the Company's stock or their effect was antidilutive.[2]An overview of preferred shares can be found in Note 8.[3]Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.[4]Basic net earnings per common share and Diluted net earnings per common share are calculated on Net earnings attributable to Procter & Gamble.

EARNINGS PER SHARE - ANTIDILUTI

EARNINGS PER SHARE - ANTIDILUTIVE SECURITIES (Details) - shares shares in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Payment Arrangement, Option [Member]
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	19	11	9

STOCK-BASED COMPENSATION - SHAR

STOCK-BASED COMPENSATION - SHARE-BASED COMPENSATION ACTIVITY (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Payment Arrangement, Noncash Expense	$ 545	$ 528	$ 540
Continuing and Discontinued Operations
Stock or Unit Option Plan Expense	303	271	279
Other Stock-Based Compensation Expense	242	257	261
Share-based Payment Arrangement, Noncash Expense	545	528	540
Share-based Payment Arrangement, Expense, Tax Benefit	$ 103	$ 88	$ 102

STOCK-BASED COMPENSATION - ASSU

STOCK-BASED COMPENSATION - ASSUMPTIONS UTIILIZED IN THE BINOMIAL LATTICE-BASED VALUATION MODEL (Details)	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Minimum	3.70%	0.10%	0.10%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate, Maximum	4.10%	1.60%	0.70%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Risk Free Interest Rate	3.70%	1.50%	0.60%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Dividend Rate	2.60%	2.40%	2.40%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Weighted Average Volatility Rate	21%	19%	20%
Share-based Compensation Arrangement by Share-based Payment Award, Fair Value Assumptions, Expected Term	8 years 9 months 18 days	9 years 1 month 6 days	9 years 2 months 12 days

STOCK-BASED COMPENSATION - OPTI

STOCK-BASED COMPENSATION - OPTIONS OUTSTANDING (Details) $ / shares in Units, shares in Thousands, $ in Millions	12 Months Ended
	Jun. 30, 2023 USD ($) $ / shares shares
Options
Outstanding, Beginning of Year | shares	126,715
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Net of Forfeitures | shares	9,672
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period | shares	(14,667)
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period | shares	(515)
Outstanding, End of Year | shares	121,205
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Number | shares	86,336
Weighted Average Exercise Price
Outstanding, Beginning of Year | $ / shares	$ 99.59
Share-based Compensation Arrangements by Share-based Payment Award, Options, Grants in Period, Weighted Average Exercise Price | $ / shares	131.26
Share-based Compensation Arrangements by Share-based Payment Award, Options, Exercises in Period, Weighted Average Exercise Price | $ / shares	81.07
Share-based Compensation Arrangement by Share-based Payment Award, Options, Forfeitures and Expirations in Period, Weighted Average Exercise Price | $ / shares	128.40
Outstanding, End of Year | $ / shares	104.18
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Exercise Price | $ / shares	$ 90.46
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 1 month 6 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Weighted Average Remaining Contractual Term	3 years 10 months 24 days
Share-based Compensation Arrangement by Share-based Payment Award, Options, Outstanding, Intrinsic Value | $	$ 5,770
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercisable, Intrinsic Value | $	$ 5,291

STOCK BASED COMPENSATION - STOC

STOCK BASED COMPENSATION - STOCK OPTIONS (Details) - USD ($) $ / shares in Units, $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Options, Grants in Period, Weighted Average Grant Date Fair Value	$ 29.58	$ 21.55	$ 20.94
Share-based Compensation Arrangement by Share-based Payment Award, Options, Exercises in Period, Intrinsic Value	$ 979	$ 1,886	$ 1,401
Share-based Compensation Arrangement by Share-based Payment Award, Options, Vested in Period, Fair Value	219	177	236
Proceeds from Stock Options Exercised	1,189	1,930	1,705
Share-based Payment Arrangement, Exercise of Option, Tax Benefit	$ 207	$ 399	$ 292

STOCK-BASED COMPENSATION - SCHE

STOCK-BASED COMPENSATION - SCHEDULE OF NON-VESTED RSUs AND PSUs (Details)	12 Months Ended
	Jun. 30, 2023 $ / shares shares
Restricted Stock Units (RSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	2,832,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	1,727,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(1,286,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(101,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	3,172,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 130.37
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	128.78
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	(116.89)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	(131.22)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 134.94
Performance Stock Units (PSUs)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	928,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period | shares	569,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period | shares	(453,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeited in Period | shares	(33,000)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Number | shares	1,011,000
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 152.94
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Grants in Period, Weighted Average Grant Date Fair Value | $ / shares	133.21
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Weighted Average Grant Date Fair Value | $ / shares	(152.90)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Forfeitures, Weighted Average Grant Date Fair Value | $ / shares	(140.68)
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Nonvested, Weighted Average Grant Date Fair Value | $ / shares	$ 142.40

STOCK-BASED COMPENSATION - ADDI

STOCK-BASED COMPENSATION - ADDITIONAL INFORMATION (Details) - USD ($) shares in Millions, $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Authorized	150
Share-based Compensation Arrangement by Share-based Payment Award, Number of Shares Available for Grant	96
Share-based Compensation Arrangement by Share-based Payment Award, Equity Instruments Other than Options, Vested in Period, Fair Value	$ 220	$ 248	$ 266
Share-based Payment Arrangement, Option [Member]
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 159
Employee Service Share Based Compensation Unrecognized Compensation Costs Nonvested Awards Weighted Average Period Of Recognition	1 year 7 months 6 days
Restricted Stock, RSUs and PSUs
Share-based Payment Arrangement, Nonvested Award, Cost Not yet Recognized, Amount	$ 218
Employee Service Share Based Compensation Unrecognized Compensation Costs Nonvested Awards Weighted Average Period Of Recognition	1 year 8 months 12 days

POSTRETIREMENT BENEFITS AND E_3

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - RECONCILIATION OF BENEFIT OBLIGATIONS AND PLAN ASSETS (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2021
Pension Plan
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Defined Benefit Plan, Benefit Obligation, Beginning of Year	[1],[2]	$ 12,608		$ 18,469
Defined Benefit Plan, Service Cost		173	[2]	253	[2]	$ 275
Defined Benefit Plan, Interest Cost		430	[2]	253	[2]	240
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant	[2]	13		14
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment	[2],[3]	8		5
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	[2]	(550)		(4,067)
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits	[2]	5		4
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss)	[2]	363		(1,720)
Defined Benefit Plan, Benefit Obligation, Benefits Paid	[2]	(551)		(603)
Defined Benefit Plan, Benefit Obligation, End of Year	[1],[2]	12,499		12,608		18,469
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Defined Benefit Plan, Fair Value of Plan Assets, Beginning of Year	[2]	10,173		13,041
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss)	[2]	37		(1,233)
Defined Benefit Plan, Plan Assets, Contributions by Employer	[2]	392		222
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant	[2]	13		14
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss)	[2]	310		(1,268)
Defined Benefit Plan, ESOP Debt Servicing	[2],[4]	0		0
Defined Benefit Plan, Plan Assets, Benefits Paid	[2]	(551)		(603)
Defined Benefit Plan, Fair Value of Plan Assets, End of Year	[2]	10,374		10,173		13,041
Defined Benefit Plan, Funded (Unfunded) Status of Plan	[2]	(2,125)		(2,435)
Other Retiree Benefits
Defined Benefit Plan, Change in Benefit Obligation [Roll Forward]
Defined Benefit Plan, Benefit Obligation, Beginning of Year	[1],[5]	3,070		4,206
Defined Benefit Plan, Service Cost		71	[5]	86	[5]	94
Defined Benefit Plan, Interest Cost		142	[5]	99	[5]	114
Defined Benefit Plan, Benefit Obligation, Contributions by Plan Participant	[5]	50		67
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment	[3],[5]	0		(586)
Defined Benefit Plan, Benefit Obligation, Actuarial Gain (Loss)	[5]	(208)		(586)
Defined Benefit Plan, Benefit Obligation, Special and Contractual Termination Benefits	[5]	4		1
Defined Benefit Plan, Benefit Obligation, Foreign Currency Translation Gain (Loss)	[5]	31		51
Defined Benefit Plan, Benefit Obligation, Benefits Paid	[5]	(227)		(268)
Defined Benefit Plan, Benefit Obligation, End of Year	[1],[5]	2,933		3,070		4,206
Defined Benefit Plan, Change in Fair Value of Plan Assets [Roll Forward]
Defined Benefit Plan, Fair Value of Plan Assets, Beginning of Year	[5]	6,889		6,444
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Actual Return (Loss)	[5]	482		526
Defined Benefit Plan, Plan Assets, Contributions by Employer	[5]	42		37
Defined Benefit Plan, Plan Assets, Contributions by Plan Participant	[5]	50		67
Defined Benefit Plan, Plan Assets, Foreign Currency Translation Gain (Loss)	[5]	1		1
Defined Benefit Plan, ESOP Debt Servicing	[4],[5]	87		82
Defined Benefit Plan, Plan Assets, Benefits Paid	[5]	(227)		(268)
Defined Benefit Plan, Fair Value of Plan Assets, End of Year	[5]	7,324		6,889		$ 6,444
Defined Benefit Plan, Funded (Unfunded) Status of Plan	[5]	$ 4,391		$ 3,819
[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]For the other retiree benefits, the amendment primarily relates to adjustments in the self-insured U.S. retiree health care program to utilize fully-insured Medicare Advantage Programs impacting fiscal year 2022.[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_4

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - RECONCILIATION OF BENEFIT PLANS RECOGNIZED IN THE BALANCE SHEET (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
Pension Plan
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]
Assets for Plan Benefits, Defined Benefit Plan		$ 1,085	$ 765
Liability, Defined Benefit Plan, Current		(94)	(61)
Liability, Defined Benefit Plan, Noncurrent		(3,116)	(3,139)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position		(2,125)	(2,435)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax		1,818	1,906
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax		156	170
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax		1,974	2,076
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment	[1],[2]	8	5
Other Retiree Benefits
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position [Abstract]
Assets for Plan Benefits, Defined Benefit Plan		5,119	4,525
Liability, Defined Benefit Plan, Current		(38)	(34)
Liability, Defined Benefit Plan, Noncurrent		(690)	(672)
Defined Benefit Plan, Amounts for Asset (Liability) Recognized in Statement of Financial Position		4,391	3,819
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax [Abstract]
Defined Benefit Plan, Accumulated Other Comprehensive Income (Loss), Gain (Loss), before Tax		(1,160)	(1,093)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, Prior Service Cost (Credit), before Tax		(787)	(907)
Defined Benefit Plan, Accumulated Other Comprehensive (Income) Loss, before Tax		(1,947)	(2,000)
Defined Benefit Plan, Benefit Obligation, Increase (Decrease) for Plan Amendment	[1],[3]	$ 0	$ (586)
[1]For the other retiree benefits, the amendment primarily relates to adjustments in the self-insured U.S. retiree health care program to utilize fully-insured Medicare Advantage Programs impacting fiscal year 2022.[2]Primarily non-U.S.-based defined benefit retirement plans.[3]Primarily U.S.-based other postretirement benefit plans.

POSTRETIREMENT BENEFITS AND E_5

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, 2023	Jun. 30, 2022
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Projected Benefit Obligation	$ 7,967	$ 7,989
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets, Plan Assets	4,758	4,789
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation	7,442	7,191
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets	4,677	4,433
Other Retiree Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Accumulated Benefit Obligation	818	808
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets, Plan Assets	$ 89	$ 102

POSTRETIREMENT BENEFITS AND E_6

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - COMPONENTS OF NET PERIODIC BENEFIT COST (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2021
Pension Plan
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Defined Benefit Plan, Service Cost	$ 173	[1]	$ 253	[1]	$ 275
Defined Benefit Plan, Interest Cost	430	[1]	253	[1]	240
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(591)		(684)		(783)
Defined Benefit Plan, Amortization of Gain (Loss)	133		337		423
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	26		28		25
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0		(5)		5
Defined Benefit Plan, Other Cost (Credit)	5		4		17
Defined Benefit Plan Gross Periodic Benefit Cost	176		186		202
Employee Stock Ownership Plan (ESOP), Dividends on ESOP Preferred Stock	0		0		0
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	176		186		202
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax	4		(2,150)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax	8		5
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	(133)		(337)
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	0		5
Other Comprehensive Income, Defined Benefit Plan, Currency Translation and Other, Before Tax	45		(486)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	(102)		(2,991)
Defined Benefit Plans, Amount Recognized In Periodic Benefit Cost And Accumulated Other Comprehensive Income	74		(2,805)
Other Retiree Benefits
Defined Benefit Plan, Net Periodic Benefit Cost (Credit) [Abstract]
Defined Benefit Plan, Service Cost	71	[2]	86	[2]	94
Defined Benefit Plan, Interest Cost	142	[2]	99	[2]	114
Defined Benefit Plan, Expected Return (Loss) on Plan Assets	(611)		(564)		(508)
Defined Benefit Plan, Amortization of Gain (Loss)	(7)		11		47
Defined Benefit Plan, Amortization of Prior Service Cost (Credit)	(125)		(107)		(60)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit), Gain (Loss) Due to Settlement and Curtailment	0		0		0
Defined Benefit Plan, Other Cost (Credit)	4		1		2
Defined Benefit Plan Gross Periodic Benefit Cost	(526)		(474)		(311)
Employee Stock Ownership Plan (ESOP), Dividends on ESOP Preferred Stock	0		0		(8)
Defined Benefit Plan, Net Periodic Benefit Cost (Credit)	(526)		(474)		$ (319)
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax [Abstract]
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss) Arising During Period, before Tax	(79)		(548)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), before Tax	0		(586)
Other Comprehensive Income (Loss), Defined Benefit Plan, Gain (Loss), Reclassification Adjustment from AOCI, before Tax	7		(11)
Other Comprehensive (Income) Loss, Defined Benefit Plan, Prior Service Cost (Credit), Reclassification Adjustment from AOCI, before Tax	125		107
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	0		13
Other Comprehensive (Income) Loss, Defined Benefit Plan, after Reclassification Adjustment, before Tax	53		(1,025)
Defined Benefit Plans, Amount Recognized In Periodic Benefit Cost And Accumulated Other Comprehensive Income	$ (473)		$ (1,499)
[1]Primarily non-U.S.-based defined benefit retirement plans.[2]Primarily U.S.-based other postretirement benefit plans.

POSTRETIREMENT BENEFITS AND E_7

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - WEIGHTED AVERAGE ASSUMPTIONS FOR THE BENEFIT CALCULATIONS AS WELL AS ASSUMED HEALTH CARE TREND RATES BALANCE SHEETS (Details)		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022
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]	4.20%	3.70%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Rate of Compensation Increase	[1]	2.90%	2.80%
Defined Benefit Plan, Assumptions Used Calculating Benefit Obligation, Weighted-Average Interest Crediting Rate	[1]	4.30%	4.30%
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]	5.60%	5%
Defined Benefit Plan, Assumed Health Care Cost Trend Rates [Abstract]
Defined Benefit Plan, Health Care Cost Trend Rate Assumed, Next Fiscal Year	[1]	6.10%	6.40%
Defined Benefit Plan, Ultimate Health Care Cost Trend Rate	[1]	4.50%	4.50%
Defined Benefit Plan, Year Health Care Cost Trend Rate Reaches Ultimate Trend Rate	[1]	2028	2028
[1]Determined as of end of fiscal year.

POSTRETIREMENT BENEFITS AND E_8

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - WEIGHTED AVERAGE ASSUMPTIONS FOR THE BENEFIT CALCULATIONS AS WELL AS ASSUMED HEALTH CARE TREND RATES STATEMENT OF EARNINGS (Details)		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pension Plan
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	[1]	3.70%	1.70%	1.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	[1]	5.90%	5.50%	6.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Rate of Compensation Increase	[1]	2.80%	2.70%	2.50%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Weighted-Average Interest Crediting Rate	[1]	4.30%	4.40%	4.40%
Other Retiree Benefits
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Discount Rate	[1]	5%	3.20%	3.10%
Defined Benefit Plan, Assumptions Used Calculating Net Periodic Benefit Cost, Expected Long-term Rate of Return on Plan Assets	[1]	8.40%	8.40%	8.40%
[1]Determined as of beginning of fiscal year.

POSTRETIREMENT BENEFITS AND E_9

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - TARGET AND ACTUAL ASSET ALLOCATION (Details)	Jun. 30, 2023	Jun. 30, 2022
Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100%	100%
Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	100%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	100%	100%
Cash and Cash Equivalents | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	1%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	1%	1%
Cash and Cash Equivalents | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	2%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	2%	2%
Debt Securities | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	59%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	60%	58%
Debt Securities | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	0%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	1%	1%
Equity Securities | Pension Plan
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	40%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	39%	41%
Equity Securities | Other Retiree Benefits
Target Asset Allocation
Defined Benefit Plan, Plan Assets, Target Allocation, Percentage	98%
Actual Asset Allocation
Defined Benefit Plan, Plan Assets, Actual Allocation, Percentage	97%	97%

POSTRETIREMENT BENEFITS AND _10

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - FAIR VALUE OF PLAN ASSETS (Details) - USD ($) $ in Millions		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Pension Plan
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[1]	$ 10,374	$ 10,173	$ 13,041
Pension Plan | Fair Value, Inputs, Level 1, 2 and 3 [Member]
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		1,337	1,717
Pension Plan | Cash and Cash Equivalents | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		54	78
Pension Plan | Company Stock | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		0	0
Pension Plan | Company Preferred Stock | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[2]	0	0
Pension Plan | Fixed Income Securities | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[3]	1,190	1,545
Pension Plan | Insurance Contracts [Domain] | Fair Value, Inputs, Level 3
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[4]	93	94
Pension Plan | Other Assets | Fair Value Measured at Net Asset Value Per Share [Member]
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[5]	9,037	8,456
Other Retiree Benefits
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[6]	7,324	6,889	$ 6,444
Other Retiree Benefits | Fair Value, Inputs, Level 1, 2 and 3 [Member]
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		7,237	6,789
Other Retiree Benefits | Cash and Cash Equivalents | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		148	130
Other Retiree Benefits | Company Stock | Fair Value, Inputs, Level 1
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount		368	319
Other Retiree Benefits | Company Preferred Stock | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[2]	6,721	6,340
Other Retiree Benefits | Fixed Income Securities | Fair Value, Inputs, Level 2
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[3]	0	0
Other Retiree Benefits | Insurance Contracts [Domain] | Fair Value, Inputs, Level 3
ASSETS AT FAIR VALUE
Defined Benefit Plan, Plan Assets, Amount	[4]	0	0
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	[5]	$ 87	$ 100
[1]Primarily non-U.S.-based defined benefit retirement plans.[2]Company preferred stock is valued based on the value of Company common stock and is presented net of ESOP debt discussed below.[3]Fixed income securities are estimated by using pricing models or quoted prices of securities with similar characteristics.[4]Fair values of insurance contracts are valued based on either their cash equivalent value 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. The activity for Level 3 assets is not significant for all years presented.[5]Investments valued using net asset value as a practical expedient are primarily equity and fixed income collective funds.[6]Primarily U.S.-based other postretirement benefit plans.

POSTRETIREMENT BENEFITS AND _11

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - TOTAL BENEFIT PAYMENTS EXPECTED TO BE PAID (Details) $ in Millions	Jun. 30, 2023 USD ($)
Pension Plan
EXPECTED BENEFIT PAYMENTS
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	$ 648
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	633
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	632
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	652
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	704
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	3,800
Other Retiree Benefits
EXPECTED BENEFIT PAYMENTS
Defined Benefit Plan, Expected Future Benefit Payment, Next Twelve Months	179
Defined Benefit Plan, Expected Future Benefit Payment, Year Two	186
Defined Benefit Plan, Expected Future Benefit Payment, Year Three	189
Defined Benefit Plan, Expected Future Benefit Payment, Year Four	196
Defined Benefit Plan, Expected Future Benefit Payment, Year Five	202
Defined Benefit Plan, Expected Future Benefit Payment, Five Fiscal Years Thereafter	$ 1,102

POSTRETIREMENT BENEFITS AND _12

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ESOP SHARES OUTSTANDING (Details) - shares shares in Thousands	Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Series A Preferred Stock
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	24,449	25,901	27,759
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	535	1,123	1,769
Employee Stock Ownership Plan (ESOP), Shares in ESOP	24,984	27,024	29,528
Series B Preferred Stock
Employee Stock Ownership Plan (ESOP) Disclosures [Line Items]
Employee Stock Ownership Plan (ESOP), Number of Allocated Shares	32,172	30,719	29,203
Employee Stock Ownership Plan (ESOP), Number of Suspense Shares	17,867	20,120	22,349
Employee Stock Ownership Plan (ESOP), Shares in ESOP	50,039	50,839	51,552

POSTRETIREMENT BENEFITS AND _13

POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - ADDITIONAL INFORMATION (Details) - USD ($) $ / shares in Units, $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2024	Jun. 30, 1991	Jun. 30, 1989
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Accumulated Benefit Obligation		$ 11,800	$ 11,900
Defined Contribution Plan, Cost		$ 392	$ 366	$ 340
UNITED STATES | UNITED STATES
Defined Benefit Plan Disclosure [Line Items]
Defined Contribution Plan Contribution Rate		13%	14%	14%
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%
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Maximum		9%
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]	5.90%	5.50%	6.50%
Pension Plan | Subsequent Event
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					$ 206
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		$ 8
Preferred Stock, Dividends, Per Share, Cash Paid		$ 3.68
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]	8.40%	8.40%	8.40%
Other Retiree Benefits | Subsequent Event
Defined Benefit Plan Disclosure [Line Items]
Defined Benefit Plan, Expected Future Employer Contributions, Next Fiscal Year					$ 52
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		$ 814
Preferred Stock, Dividends, Per Share, Cash Paid		$ 3.68
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		3%
Defined Benefit Plan Assumptions Used Calculating Net Periodic Benefit Cost Expected Long Term Return On Assets Range Maximum		5%
[1]Determined as of beginning of fiscal year.

RISK MANAGEMENT ACTIVITIES AN_3

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, 2023	Jun. 30, 2022
Derivative, Notional Amount	$ 18,538	$ 18,540
Derivative Asset	33	570
Derivative Liability	(1,118)	(369)
Designated as Hedging Instrument
Derivative, Notional Amount	15,049	12,915
Derivative Asset	26	564
Derivative Liability	(1,076)	(308)
Interest Rate Contract | Fair Value Hedging
Derivative, Notional Amount	4,044	4,972
Derivative Asset	0	3
Derivative Liability	(445)	(307)
Foreign Exchange Contract | Not Designated as Hedging Instrument
Derivative, Notional Amount	3,489	5,625
Derivative Asset	7	6
Derivative Liability	(42)	(61)
Foreign Exchange Contract | Net Investment Hedging
Derivative, Notional Amount	11,005	7,943
Derivative Asset	26	561
Derivative Liability	$ (631)	$ (1)

RISK MANAGEMENT ACTIVITIES AN_4

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, 2023	Jun. 30, 2022
Other Comprehensive Income (Loss), Net Investment Hedge, Gain (Loss), before Reclassification and Tax	[1],[2]	$ (544)	$ 1,033
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net		238	73
Accumulated Other Comprehensive Income, Gain (Loss)		$ (315)	$ 1,639
[1]For the derivatives in net investment hedging relationships, the amount of gain excluded from effectiveness testing, which was recognized in earnings, was $238 and $73 for the fiscal years ended June 30, 2023 and 2022, 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 $(315) and $1,639, for the fiscal years ended June 30, 2023 and 2022, respectively.

RISK MANAGEMENT ACTIVITIES AN_5

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, 2023	Jun. 30, 2022
Interest Rate Contract | Fair Value Hedging
Derivative, Gain (Loss) on Derivative, Net	$ (141)	$ (450)
Not Designated as Hedging Instrument | Foreign Exchange Contract
Derivative, Gain (Loss) on Derivative, Net	$ (97)	$ (149)

RISK MANAGEMENT ACTIVITIES AN_6

RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Derivative [Line Items]
Cash Equivalents, at Carrying Value	$ 6,800	$ 6,000
Long-term Debt, Fair Value	26,900	25,700
Long Term Debt, Current Maturities measured at Fair Value	3,900	3,600
Collateral Already Posted, Aggregate Fair Value	1,088	219
Fair Value Hedging | Underlying, Other
Derivative [Line Items]
Underlying Debt Obligation, Carrying Amount	3,600	4,700
Net Investment Hedging | Underlying, Other
Derivative [Line Items]
Underlying Debt Obligation, Carrying Amount	$ 11,800	$ 11,200

SHORT-TERM AND LONG-TERM DEBT -

SHORT-TERM AND LONG-TERM DEBT - SHORT-TERM DEBT (Details) - USD ($) $ in Millions		Jun. 30, 2023	Jun. 30, 2022
Debt, Current [Abstract]
Long-term Debt, Current Maturities		$ (3,951)	$ (3,647)
Commercial Paper		6,236	4,805
Other Short-term Borrowings		42	193
Debt, Current		$ 10,229	$ 8,645
Short-term Debt, Weighted Average Interest Rate, at Point in Time	[1]	4.20%	0.80%
[1]Weighted average interest rate of debt due within one year includes 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, 2023	Jun. 30, 2022
LONG-TERM DEBT
Other Long-term Debt		$ 5,244	$ 7,196
Long-term Debt, Current Maturities		(3,951)	(3,647)
Long-term Debt, Excluding Current Maturities		$ 24,378	$ 22,848
Long-term Debt, Weighted Average Interest Rate, at Point in Time	[1]	2.90%	2.20%
3.10% USD note due August 2023 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		$ 1,000	$ 1,000
1.13% EUR note due November 2023 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		1,359	1,306
0.50% EUR note due October 2024 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		544	523
0.63% EUR note due October 2024
LONG-TERM DEBT
Notes Payable, Noncurrent		870	836
0.55% USD note due October 2025
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
4.10% USD note due January 2026 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		650	0
2.70% USD Note due February 2026 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		600	600
1.00% USD note due April 2026
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
3.25% EUR note due August 2026
LONG-TERM DEBT
Notes Payable, Noncurrent		707	0
2.45% USD note due November 2026 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		875	875
1.90% USD note due February 2027
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
2.80% USD note due March 2027
LONG-TERM DEBT
Notes Payable, Noncurrent		500	500
4.88% EUR note due May 2027 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		1,087	1,045
2.85% USD note due August 2027 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		750	750
3.95% USD note due January 2028
LONG-TERM DEBT
Notes Payable, Noncurrent		600	0
1.20% EUR note due October 2028
LONG-TERM DEBT
Notes Payable, Noncurrent		870	836
1.25% EUR note due October 2029 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		544	523
3.00% USD note due March 2030
LONG-TERM DEBT
Notes Payable, Noncurrent		1,500	1,500
0.35% EUR note due May 2030
LONG-TERM DEBT
Notes Payable, Noncurrent		544	523
1.20% USD note due October 2030
LONG-TERM DEBT
Notes Payable, Noncurrent		1,250	1,250
1.95% USD note due April 2031
LONG-TERM DEBT
Notes Payable, Noncurrent		1,000	1,000
3.25% EUR note due August 2031
LONG-TERM DEBT
Notes Payable, Noncurrent		707	0
2.30% USD note due February 2032
LONG-TERM DEBT
Notes Payable, Noncurrent		850	850
4.05% USD note due January 2033
LONG-TERM DEBT
Notes Payable, Noncurrent		850	0
5.55% USD note due March 2037 [Member]
LONG-TERM DEBT
Notes Payable, Noncurrent		716	716
1.88% EUR note due October 2038
LONG-TERM DEBT
Notes Payable, Noncurrent		544	523
3.55% USD note due March 2040
LONG-TERM DEBT
Notes Payable, Noncurrent		516	516
0.90% EUR note due November 2041
LONG-TERM DEBT
Notes Payable, Noncurrent		$ 652	$ 627
[1]Weighted average interest rate of long-term debt includes the effects of interest rate swaps discussed in Note 9.

SHORT-TERM AND LONG-TERM DEBT_3

SHORT-TERM AND LONG-TERM DEBT - LONG-TERM DEBT MATURITIES (Details) $ in Millions	Jun. 30, 2023 USD ($)
Long-term Debt, Maturities, Repayments of Principal in Next Twelve Months	$ 3,951
Long-term Debt, Maturities, Repayments of Principal in Year Two	1,954
Long-term Debt, Maturities, Repayments of Principal in Year Three	3,364
Long-term Debt, Maturities, Repayments of Principal in Year Four	4,368
Long-term Debt, Maturities, Repayments of Principal in Year Five	$ 1,380

ACCUMULATED OTHER COMPREHENSI_3

ACCUMULATED OTHER COMPREHENSIVE INCOME - STATEMENT OF AOCI (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023		Jun. 30, 2022		Jun. 30, 2021
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	$ (12,189)		$ (13,744)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(57)	[1]	1,350	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	19	[3]	197	[4]
Other Comprehensive Income (Loss), Net of Tax	(38)		1,547		$ 2,425
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(7)		(8)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(12,220)		(12,189)		(13,744)
AOCI, Accumulated Gain (Loss), Debt Securities, Available-for-sale, Including Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	20		15
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(7)	[1]	4	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	[3]	1	[4]
Other Comprehensive Income (Loss), Net of Tax	(7)		5
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	0		0
Accumulated Other Comprehensive Income (Loss), Net of Tax	13		20		15
Other Comprehensive Income (Loss) before Reclassifications, Tax	(2)		1
Reclassification from AOCI, Current Period, Tax	0		0
Accumulated Defined Benefit Plans Adjustment, Net Gain (Loss) Including Portion Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	27		(2,963)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	21	[1]	2,797	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	19	[3]	195	[4]
Other Comprehensive Income (Loss), Net of Tax	40		2,992
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	0		2
Accumulated Other Comprehensive Income (Loss), Net of Tax	67		27		(2,963)
Other Comprehensive Income (Loss) before Reclassifications, Tax	1		953
Reclassification from AOCI, Current Period, Tax	8		69
Accumulated Foreign Currency Adjustment Including Portion Attributable to Noncontrolling Interest
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Accumulated Other Comprehensive Income (Loss), Net of Tax	(12,236)		(10,796)
Other Comprehensive Income (Loss), before Reclassifications, Net of Tax	(71)	[1]	(1,451)	[2]
Reclassification from Accumulated Other Comprehensive Income, Current Period, Net of Tax	0	[3]	1	[4]
Other Comprehensive Income (Loss), Net of Tax	(71)		(1,450)
Other Comprehensive Income (Loss), Net of Tax, Portion Attributable to Noncontrolling Interest	(7)		(10)
Accumulated Other Comprehensive Income (Loss), Net of Tax	(12,300)		(12,236)		$ (10,796)
Accumulated Other Comprehensive Income (Loss), Derivative Qualifying as Hedge, Excluded Component, Including Portion Attributable to Noncontrolling Interest [Member]
Accumulated Other Comprehensive Income (Loss), Net of Tax [Roll Forward]
Other Comprehensive Income (Loss) before Reclassifications, Tax	(197)		515
Reclassification from AOCI, Current Period, Tax	$ 0		$ 0
[1]Net of tax (benefit)/expense of $(2), $1 and $(197) for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions.[2]Net of tax (benefit)/expense of $1, $953 and $515 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions.[3]Net of tax (benefit)/expense of $0, $8 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2023.[4]Net of tax (benefit)/expense of $0, $69 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022.

LEASES - LEASE COST (Details)

LEASES - LEASE COST (Details) - USD ($) $ in Millions		12 Months Ended
		Jun. 30, 2023	Jun. 30, 2022	Jun. 30, 2021
Leases [Abstract]
Operating Lease, Cost		$ 229	$ 220	$ 245
Variable Lease, Cost	[1]	79	89	75
Lease, Cost		$ 308	$ 309	$ 320
[1]Includes primarily costs for utilities, common area maintenance, property taxes and other operating costs associated with operating leases that are not included in the lease liability and are recognized in the period in which they are incurred.

LEASES - SUPPLEMENTAL BALANCE S

LEASES - SUPPLEMENTAL BALANCE SHEET (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Lessee, Lease, Description [Line Items]
Operating Lease, Right-of-Use Asset	$ 781	$ 760
Operating Lease, Liability, Current	222	205
Operating Lease, Liability, Noncurrent	595	595
Operating Lease, Liability	$ 817	$ 800
Operating Lease, Weighted Average Remaining Lease Term	6 years 2 months 12 days	6 years 4 months 24 days
Operating Lease, Weighted Average Discount Rate, Percent	3.50%	3.20%

LEASES - FUTURE MATURITIES (Det

LEASES - FUTURE MATURITIES (Details) - USD ($) $ in Millions	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Lessee, Operating Lease, Liability, Payments, Due Next Rolling Twelve Months	$ 222
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Two	185
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Three	137
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Four	100
Lessee, Operating Lease, Liability, Payments, Due in Rolling Year Five	71
Lessee, Operating Lease, Liability, Payments, Due after Rolling Year Five	196
Lessee, Operating Lease, Liability, Payments, Due	911
Lessee, Operating Lease, Liability, Undiscounted Excess Amount	(94)
Operating Lease, Liability	817	$ 800
Lessee, Lease, Description [Line Items]
Operating Lease, Liability	$ 817	$ 800

LEASES - ADDITIONAL INFORMATION

LEASES - ADDITIONAL INFORMATION (Details) - USD ($) $ in Millions	12 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Leases [Abstract]
Operating Lease, Payments	$ 233	$ 228
Right-of-Use Asset Obtained in Exchange for Operating Lease Liability	$ 213	$ 217

COMMITMENTS AND CONTINGENCIES -

COMMITMENTS AND CONTINGENCIES - PURCHASE OBLIGATIONS (Details) $ in Millions	Jun. 30, 2023 USD ($)
Unrecorded Unconditional Purchase Obligation, Rolling Maturity [Abstract]
Unrecorded Unconditional Purchase Obligation, Due in Next Twelve Months	$ 1,169
Unrecorded Unconditional Purchase Obligation, Due within Two Years	597
Unrecorded Unconditional Purchase Obligation, Due within Three Years	379
Unrecorded Unconditional Purchase Obligation, Due within Four Years	314
Unrecorded Unconditional Purchase Obligation, Due within Five Years	168
Unrecorded Unconditional Purchase Obligation, Due after Five Years	$ 362