1.0.0.3false8.New Accounting Pronouncements and Policiesfalse1$falsefalseSharesStandardhttp://www.xbrl.org/2003/instanceshares0USDStandardhttp://www.xbrl.org/2003/iso4217USDiso42170USDperShareItemTypeDividehttp://www.xbrl.org/2003/iso4217USDiso4217http://www.xbrl.org/2003/instanceshares020pg_NotesToFinancialStatementsAbstractpgfalsenadurationstringNotes to Financial Statements [Abstract]falsefalsefalsefalsefalsetruefalsefalsefalse1falsefalse00falsefalseNotes to Financial Statements [Abstract]false31us-gaap_ScheduleOfNewAccountingPronouncementsAndChangesInAccountingPrinciplesTextBlockus-gaaptruenadurationstringNo definition available.falsefalsefalsefalsefalsefalsefalsefalsefalse1falsefalse00<div>
<table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%">
<tr>
<td valign="top" width="4%" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">8.</font></td>
<td valign="top" align="left"><font style="FONT-FAMILY: Times New Roman" size="2">New Accounting
Pronouncements and Policies</font></td>
</tr>
</table>
<p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%">
<font style="FONT-FAMILY: Times New Roman" size="2">In
December 2007, the Financial Accounting Standards Board (FASB)
issued new accounting guidance on business combinations. The new
guidance revises the method of accounting for a number of aspects
of business combinations including acquisition costs, contingencies
(including contingent assets, contingent liabilities and contingent
purchase price), and post-acquisition exit activities of acquired
businesses. The Company adopted the new guidance beginning
July 1, 2009, and the adoption of the new guidance did not
have a material effect on our financial position, results of
operations or cash flows.</font></p>
<p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%">
<font style="FONT-FAMILY: Times New Roman" size="2">In December
2007, the FASB also issued new accounting guidance on
noncontrolling interests in consolidated financial statements. The
new accounting guidance requires that a noncontrolling interest in
the equity of a subsidiary be accounted for and reported as equity,
provides revised guidance on the treatment of net income and losses
attributable to the noncontrolling interest and changes in
ownership interests in a subsidiary, and requires additional
disclosures that identify and distinguish between the interests of
the controlling and noncontrolling owners. The Company
retrospectively adopted the presentation and disclosure
requirements of the new guidance on July 1, 2009. The adoption
of the new guidance did not have a material effect on our financial
position, results of operations or cash flows. Noncontrolling
interests of $283 million at June 30, 2009 were reclassified
from liabilities to shareholders’ equity in the Consolidated
Balance Sheet. Net expense for income attributable to the
noncontrolling interest totaling $28 million and $21 million for
the three months ended September 30, 2009 and 2008,
respectively, are not presented separately in the Consolidated
Statements of Earnings due to immateriality, but are reflected
within other non-operating income, net. Net earnings represents net
income attributable to the Company’s common
shareholders.</font></p>
<p style="MARGIN-TOP: 6px; MARGIN-BOTTOM: 0px; MARGIN-LEFT: 4%">
<font style="FONT-FAMILY: Times New Roman" size="2">No other new
accounting pronouncement issued or effective during the fiscal year
had or is expected to have a material impact on the Consolidated
Financial Statements.</font></p>
<p style="MARGIN-TOP: 0px; MARGIN-BOTTOM: 0px; FONT-SIZE: 6px">
 </p>
</div>8.
New Accounting
Pronouncements and Policies
In
December 2007, the Financial Accounting Standards Board (FASB)
issued new accounting guidance onfalsefalseNo definition available.No authoritative reference available.falsefalse12falseUnKnownUnKnownUnKnownfalsetrue
