This work is licensed under a Creative Commons License.
| Entity Registrant Name | PROCTER & GAMBLE CO |
| CIK | 0000080424 |
| Accession number | 0000080424-14-000057 |
| Link to XBRL instance | http://www.sec.gov/Archives/edgar/data/80424/000008042414000057/pg-20140630.xml |
| Fiscal year end | --06-30 |
| Fiscal year focus | 2014 |
| Fiscal period focus | FY |
| Current balance sheet date | 2014-06-30 |
| Current year-to-date income statement start date | 2013-07-01 |
| Commentary | Filer created an extension concept pg:OrganizationConsolidationandPresentationofFinancialStatementsDisclosureandSignificantAccountingPoliciesPolicyTextBlock which combines BASIS OF REPORTING and SIGNIFICANT ACCOUNTING POLICIES. Note that NATURE OF BUSINESS is separate. Filer could have used concept us-gaap:BasisOfPresentationAndSignificantAccountingPoliciesTextBlock |
| NATURE OF BUSINESS concept | us-gaap:NatureOfOperations |
Nature of Operations The Procter & Gamble Company's (the "Company," "Procter & Gamble," "we" or "us") business is focused on providing branded consumer packaged goods of superior quality and value. Our products are sold in more than 180 countries and territories primarily through retail operations including mass merchandisers, grocery stores, membership club stores, drug stores, department stores, salons, high-frequency stores and e-commerce. We have on-the-ground operations in approximately 70 countries. |
| BASIS OF REPORTING concept | NOT FOUND |
NOT FOUND |
| SIGNIFICANT ACCOUNTING POLICIES concept | NOT FOUND |
NOT FOUND |
| REVENUE RECOGNITION concept | us-gaap:RevenueRecognitionPolicyTextBlock |
Revenue Recognition Sales are recognized when revenue is realized or realizable and has been earned. Revenue transactions represent sales of inventory. The revenue recorded is presented net of sales and other taxes we collect on behalf of governmental authorities. The revenue includes shipping and handling costs, which generally are included in the list price to the customer. Our policy is to recognize revenue when title to the product, ownership and risk of loss transfer to the customer, which can be on the date of shipment or the date of receipt by the customer. A provision for payment discounts and product return allowances is recorded as a reduction of sales in the same period the revenue is recognized. Trade promotions, consisting primarily of customer pricing allowances, merchandising funds and consumer coupons, are offered through various programs to customers and consumers. Sales are recorded net of trade promotion spending, which is recognized as incurred, generally at the time of the sale. Most of these arrangements have terms of approximately one year. Accruals for expected payouts under these programs are included as accrued marketing and promotion in the Accrued and other liabilities line item in the Consolidated Balance Sheets. |
This work is licensed under a Creative Commons License.
