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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Jun. 30, 2016
Cash Flows from Operating Activities      
Net earnings $ 1,117 $ 1,256 $ 1,121
Adjustments to reconcile net earnings to net cash flows from operating activities:      
Depreciation and amortization 531 464 415
Deferred income taxes 175 (118) (94)
Non-cash stock-based compensation 236 219 184
Excess tax benefits from stock-based compensation arrangements   (45) (23)
Loss on disposal of property, plant and equipment 15 5 17
Goodwill and other intangible asset impairments   31  
Non-cash restructuring and other charges 1 3 19
Pension and post-retirement benefit expense 73 80 71
Pension and post-retirement benefit contributions (85) (38) (67)
Changes in fair value of contingent consideration (43) (57) 8
Other non-cash items (22) (21) (7)
Changes in operating assets and liabilities:      
Increase in accounts receivable, net (105) (92) (101)
Increase in inventory and promotional merchandise, net (147) (85) (69)
Decrease (increase) in other assets, net 12 (80) (72)
Increase in accounts payable 349 54 101
Increase in other accrued and noncurrent liabilities 466 224 286
Net cash flows provided by operating activities 2,573 1,800 1,789
Cash Flows from Investing Activities      
Capital expenditures (629) (504) (525)
Payments for acquired businesses, net of cash acquired (11) (1,681) (101)
Proceeds from the disposition of investments 749 1,226 1,373
Purchases of investments (478) (1,267) (2,016)
Proceeds from sale of property, plant and equipment   12  
Net cash flows used for investing activities (369) (2,214) (1,269)
Cash Flows from Financing Activities      
Proceeds (repayments) of current debt, net (8) 165  
Proceeds from issuance of long-term debt, net   1,498 616
Debt issuance costs   (11) (4)
Repayments and redemptions of long-term debt (2) (306) (8)
Net proceeds from stock-based compensation transactions 182 141 85
Excess tax benefits from stock-based compensation arrangements   45 23
Payments to acquire treasury stock (759) (413) (890)
Dividends paid to stockholders (546) (486) (423)
Payments to noncontrolling interest holders for dividends (4) (3) (4)
Payments of contingent consideration (35)    
Net cash flows provided by (used for) financing activities (1,172) 630 (605)
Effect of Exchange Rate Changes on Cash and Cash Equivalents 13 6 (22)
Net Increase (Decrease) in Cash and Cash Equivalents 1,045 222 (107)
Cash and Cash Equivalents at Beginning of Year 1,136 914 1,021
Cash and Cash Equivalents at End of Year $ 2,181 $ 1,136 $ 914