Proctor and Gamble 2011 Annual Report Download - page 76

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74 The Procter & Gamble CompanyNotes to Consolidated Financial Statements
Amounts in millions of dollars except per share amounts or as otherwise specified.
NOTE 13
QUARTERLY RESULTS (UNAUDITED)
Quarters Ended Sept 0 Dec 31 Mar 31 Jun 30 TotalYear
NET SALES – $20,122 $21,347 $20,230 $20,860 $82,559
2009–2010 19,807 21,027 19,178 18,926 78,938
OPERATING INCOME – 4,501 4,260 3,772 3,285 15,818
2009–2010 4,448 4,655 3,968 2,950 16,021
GROSS MARGIN – 51.9% 51.8% 50.5% 48.3% 50.6%
2009–2010 52.6% 53.7% 51.9% 49.5% 52.0%
NET EARNINGS:
Earnings from continuing operations –$3,081 $3,333 $2,873 $ 2,510 $11,797
2009–2010 3,027 3,149 2,585 2,185 10,946
Earnings from discontinued operations – —————
2009–2010 280 1,510 — — 1,790
Net earnings – 3,081 3,333 2,873 2,510 11,797
2009–2010 3,307 4,659 2,585 2,185 12,736
DILUTED NET EARNINGS PER COMMON SHARE:
Earnings from continuing operations –$1.02 $1.11 $0.96 $ 0.84 $3.93
2009–2010 0.97 1.01 0.83 0.71 3.53
Earnings from discontinued operations – —————
2009–2010 0.09 0.48 — — 0.58
Diluted net earnings per common share – 1.02 1.11 0.96 0.84 3.93
2009–2010 1.06 1.49 0.83 0.71 4.11