EXHIBIT 11
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
Three Months Ended December 31 | Six Months Ended December 31 | ||||||||||||||
Amounts in millions except per share amounts | 2011 | 2010 | 2011 | 2010 | |||||||||||
BASIC NET EARNINGS PER SHARE | |||||||||||||||
Net earnings (1) | $ | 1,690 | $ | 3,333 | $ | 4,714 | $ | 6,414 | |||||||
Preferred dividends, net of tax benefit | 64 | 63 | 119 | 116 | |||||||||||
Net earnings available to common shareholders | $ | 1,626 | $ | 3,270 | $ | 4,595 | $ | 6,298 | |||||||
Basic weighted average common shares outstanding | 2,756.6 | 2,800.3 | 2,756.2 | 2,814.4 | |||||||||||
Basic net earnings per common share | $ | 0.59 | $ | 1.17 | $ | 1.67 | $ | 2.24 | |||||||
DILUTED NET EARNINGS PER SHARE | |||||||||||||||
Diluted net earnings (1) | $ | 1,690 | $ | 3,333 | $ | 4,714 | $ | 6,414 | |||||||
Basic weighted average common shares outstanding | 2,756.6 | 2,800.3 | 2,756.2 | 2,814.4 | |||||||||||
Add potential effect of: | |||||||||||||||
Conversion of preferred shares | 124.5 | 129.0 | 125.0 | 129.8 | |||||||||||
Exercise of stock options and other Unvested Equity awards | 68.6 | 70.9 | 65.3 | 68.8 | |||||||||||
Diluted weighted average common shares outstanding | 2,949.7 | 3,000.2 | 2,946.5 | 3,013.0 | |||||||||||
Diluted net earnings per common share | $ | 0.57 | $ | 1.11 | $ | 1.60 | $ | 2.13 | |||||||
(1) Basic net earnings per share and diluted net earnings per share are calculated on net earnings attributable to Procter & Gamble