Quarters Ended | Sept 30 | Dec 31 | Mar 31 | Jun 30 | Total Year | ||||||||||||||||||
NET SALES | 2012-2013 | $ | 20,739 | $ | 22,175 | $ | 20,598 | $ | 20,655 | $ | 84,167 | ||||||||||||
2011-2012 | 21,530 | 21,744 | 20,194 | 20,212 | 83,680 | ||||||||||||||||||
OPERATING INCOME | 2012-2013 | 3,951 | 4,492 | 3,405 | 2,633 | (3 | ) | 14,481 | |||||||||||||||
2011-2012 | 4,250 | 2,680 | (3 | ) | 3,299 | 3,063 | 13,292 | ||||||||||||||||
GROSS MARGIN | 2012-2013 | 50.1 | % | 50.9 | % | 49.8 | % | 47.5 | % | 49.6 | % | ||||||||||||
2011-2012 | 49.8 | % | 50.1 | % | 49.3 | % | 48.1 | % | 49.3 | % | |||||||||||||
NET EARNINGS: | |||||||||||||||||||||||
Net earnings from continuing operations | 2012-2013 | $ | 2,853 | $ | 4,076 | (2 | ) | $ | 2,591 | $ | 1,882 | (3 | ) | $ | 11,402 | ||||||||
2011-2012 | 2,999 | 1,672 | (3 | ) | 2,433 | 2,213 | 9,317 | ||||||||||||||||
Net earnings from discontinued operations | 2012-2013 | — | — | — | — | — | |||||||||||||||||
2011-2012 | 58 | 41 | 34 | 1,454 | (4 | ) | 1,587 | ||||||||||||||||
Net earnings attributable to Procter & Gamble | 2012-2013 | 2,814 | 4,057 | (2 | ) | 2,566 | 1,875 | (3 | ) | 11,312 | |||||||||||||
2011-2012 | 3,024 | 1,690 | (3 | ) | 2,411 | 3,631 | 10,756 | ||||||||||||||||
DILUTED NET EARNINGS PER COMMON SHARE: (1) | |||||||||||||||||||||||
Earnings from continuing operations | 2012-2013 | $ | 0.96 | $ | 1.39 | $ | 0.88 | $ | 0.64 | $ | 3.86 | ||||||||||||
2011-2012 | 1.01 | 0.56 | 0.81 | 0.74 | 3.12 | ||||||||||||||||||
Earnings from discontinued operations | 2012-2013 | — | — | — | — | — | |||||||||||||||||
2011-2012 | 0.02 | 0.01 | 0.01 | 0.50 | 0.54 | ||||||||||||||||||
Net earnings | 2012-2013 | 0.96 | 1.39 | 0.88 | 0.64 | 3.86 | |||||||||||||||||
2011-2012 | 1.03 | 0.57 | 0.82 | 1.24 | 3.66 | ||||||||||||||||||
(1) | Diluted net earnings per share is calculated on earnings attributable to Procter & Gamble. |
(2) | The Company acquired the balance of its Baby Care and Feminine Care joint venture in Iberia in October 2012 resulting in a non-operating gain of $623. |
(3) | During the fourth quarter of fiscal year 2013 and the second quarter of fiscal year 2012, the Company recorded goodwill and indefinite-lived intangible assets impairment charges of $308 million and $1.6 billion, respectively. For additional details, see Note 2. |
(4) | The Company divested its snacks business in May 2012. See Note 13 for details of the transaction. |