EXHIBIT 11
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
Three Months Ended September 30 | |||||||
Amounts in millions except per share amounts | 2011 | 2010 | |||||
BASIC NET EARNINGS PER SHARE | |||||||
Net earnings | $ | 3,024 | $ | 3,081 | |||
Preferred dividends, net of tax benefit | 55 | 53 | |||||
Net earnings available to common shareholders | $ | 2,969 | $ | 3,028 | |||
Basic weighted average common shares outstanding | 2,755.9 | 2,828.5 | |||||
Basic net earnings per common share | $ | 1.08 | $ | 1.07 | |||
DILUTED NET EARNINGS PER SHARE | |||||||
Diluted net earnings | $ | 3,024 | $ | 3,081 | |||
Basic weighted average common shares outstanding | 2,755.9 | 2,828.5 | |||||
Add potential effect of: | |||||||
Conversion of preferred shares | 125.4 | 130.5 | |||||
Exercise of stock options and other Unvested Equity awards | 64.5 | 66.6 | |||||
Diluted weighted average common shares outstanding | 2,945.8 | 3,025.6 | |||||
Diluted net earnings per common share | $ | 1.03 | $ | 1.02 | |||