SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2017

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES

Schedule of Inventory and Promotional Merchandise

	September 30		June 30
(In millions)	2017		2017
Raw materials	$	312	$	334
Work in process	164		194
Finished goods	834		762
Promotional merchandise	208		189
	$	1,518	$	1,479

Schedule of Property, Plant and Equipment

	September 30			June 30
(In millions)	2017			2017
Assets (Useful Life)
Land	$	30		$	30
Buildings and improvements (10 to 40 years)	195			192
Machinery and equipment (3 to 10 years)	688			668
Computer hardware and software (4 to 15 years)	1,135			1,115
Furniture and fixtures (5 to 10 years)	101			96
Leasehold improvements	2,003			1,918
	4,152			4,019
Less accumulated depreciation and amortization	(2,457		)	(2,348		)
	$	1,695		$	1,671

Schedule of Other Accrued Liabilities

	September 30		June 30
(In millions)	2017		2017
Advertising, merchandising and sampling	$	389	$	319
Employee compensation	368		522
Payroll and other taxes	233		190
Other	921		768
	$	1,911	$	1,799