Attached files
EXHIBIT 11
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
| Three Months Ended March 31 |
Nine Months Ended March 31 | |||||||||||
| Amounts in millions except per share amounts |
2010 | 2009 | 2010 | 2009 | ||||||||
| BASIC NET EARNINGS PER SHARE |
||||||||||||
| Net earnings from continuing operations |
$ | 2,585 | $ | 2,429 | $ | 8,761 | $ | 8,357 | ||||
| Preferred dividends, net of tax benefit |
49 | 45 | 149 | 139 | ||||||||
| Net earnings from continuing operations available to common shareholders |
$ | 2,536 | $ | 2,384 | $ | 8,612 | $ | 8,218 | ||||
| Net earnings from discontinued operations |
$ | — | $ | 184 | $ | 1,790 | $ | 2,608 | ||||
| Net earnings available to common shareholders |
$ | 2,536 | $ | 2,568 | $ | 10,402 | $ | 10,826 | ||||
| Basic weighted average common shares outstanding |
2,898.2 | 2,919.8 | 2,912.1 | 2,963.7 | ||||||||
| Basic net earnings per common share - continuing operations |
$ | 0.88 | $ | 0.82 | $ | 2.96 | $ | 2.77 | ||||
| Basic net earnings per common share - discontinued operations |
$ | — | $ | 0.06 | $ | 0.61 | $ | 0.88 | ||||
| Basic net earnings per common share |
$ | 0.88 | $ | 0.88 | $ | 3.57 | $ | 3.65 | ||||
| DILUTED NET EARNINGS PER SHARE |
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| Diluted net earnings from continuing operations |
$ | 2,585 | $ | 2,429 | $ | 8,761 | $ | 8,357 | ||||
| Diluted net earnings from discontinued operations |
$ | — | $ | 184 | $ | 1,790 | $ | 2,608 | ||||
| Diluted net earnings |
$ | 2,585 | $ | 2,613 | $ | 10,551 | $ | 10,965 | ||||
| Basic weighted average common shares outstanding |
2,898.2 | 2,919.8 | 2,912.1 | 2,963.7 | ||||||||
| Add potential effect of: |
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| Conversion of preferred shares |
133.3 | 138.6 | 134.8 | 139.9 | ||||||||
| Exercise of stock options and other Unvested Equity awards |
72.4 | 46.2 | 63.3 | 69.3 | ||||||||
| Diluted weighted average common shares outstanding |
3,103.9 | 3,104.6 | 3,110.2 | 3,172.9 | ||||||||
| Diluted net earnings per common share - continuing operations |
$ | 0.83 | $ | 0.78 | $ | 2.82 | $ | 2.64 | ||||
| Diluted net earnings per common share - discontinued operations |
$ | — | $ | 0.06 | $ | 0.57 | $ | 0.82 | ||||
| Diluted net earnings per common share |
$ | 0.83 | $ | 0.84 | $ | 3.39 | $ | 3.46 | ||||