The first pi function (lowercase pi, as we usually see it), is the number of primes less than the argument.
IE:
The second pi function (uppercase pi) is the expression for the process of Eratosthenes' Sieve (the multiplication of all factors of the argument).
IE:
That seems off. Number of primes less than 60 is not 46.7 billion. They are: 2,3,5,7,11,13,17,19,23,27,31,37,41,43,47,53,57.
The multiplication of all positive integral factors of 12 = 1 * 2 * 3 * 4 * 6 = 144.
Unless I'm misunderstanding you.