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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Cash Flows from Operating Activities    
Net earnings $ 726 $ 760
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 218 202
Deferred income taxes (55) (32)
Noncash stock-based compensation 134 111
Excess tax benefits from stock-based compensation arrangements (14) (13)
Net (gain) loss on disposal of property, plant and equipment (7) 6
Noncash restructuring and other charges 3 13
Pension and post-retirement benefit expense 39 35
Pension and post-retirement benefit contributions (10) (12)
Change in fair value of contingent consideration 4 8
Other noncash items (8)  
Changes in operating assets and liabilities:    
Increase in accounts receivable, net (243) (277)
Decrease in inventory and promotional merchandise, net 78 102
Increase in other assets, net (32) (33)
Decrease in accounts payable (143) (81)
Increase in other accrued and noncurrent liabilities 134 173
Net cash flows provided by operating activities 824 962
Cash Flows from Investing Activities    
Capital expenditures (208) (223)
Payments for acquired businesses, net of cash acquired (1,690) (19)
Proceeds from disposition of investments 637 558
Purchases of investments (478) (960)
Proceeds from sale of property, plant and equipment 12  
Net cash flows used for investing activities (1,727) (644)
Cash Flows from Financing Activities    
Proceeds of current debt, net 1,817 347
Repayments and redemptions of long-term debt (3) (4)
Net proceeds from stock-based compensation transactions 41 22
Excess tax benefits from stock-based compensation arrangements 14 13
Payments to acquire treasury stock (363) (628)
Dividends paid to stockholders (236) (201)
Payments to noncontrolling interest holders for dividends   (2)
Net cash flows provided by (used for) financing activities 1,270 (453)
Effect of Exchange Rate Changes on Cash and Cash Equivalents (19) (18)
Net Increase (decrease) in Cash and Cash Equivalents 348 (153)
Cash and Cash Equivalents at Beginning of Period 914 1,021
Cash and Cash Equivalents at End of Period $ 1,262 $ 868