EXHIBIT (11)
THE PROCTER & GAMBLE COMPANY AND SUBSIDIARIES
Computation of Earnings Per Share
Computation of Earnings Per Share
| Three Months Ended | ||||||||
| September 30 | ||||||||
| Amounts in millions except per share amounts | 2007 | 2006 | ||||||
BASIC NET EARNINGS PER SHARE |
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Net earnings |
$ | 3,079 | $ | 2,698 | ||||
Preferred dividends, net of tax benefit |
42 | 39 | ||||||
Net earnings available to common shareholders |
$ | 3,037 | $ | 2,659 | ||||
Basic weighted average common shares outstanding |
3,117.6 | 3,175.2 | ||||||
Basic net earnings per common share |
$ | 0.97 | $ | 0.84 | ||||
DILUTED NET EARNINGS PER SHARE |
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Diluted net earnings |
$ | 3,079 | $ | 2,698 | ||||
Basic weighted average common shares outstanding |
3,117.6 | 3,175.2 | ||||||
Add potential effect of: |
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Conversion of preferred shares |
146.2 | 151.5 | ||||||
Exercise of stock options and other Unvested Equity awards |
90.4 | 86.6 | ||||||
Diluted weighted average common shares outstanding |
3,354.2 | 3,413.3 | ||||||
Diluted net earnings per common share |
$ | 0.92 | $ | 0.79 | ||||