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INCOME FROM CONTINUING OPERATIONS PER SHARE
 12 Months Ended
Jun. 30, 2017
Income (Loss) from Continuing Operations, Net of Tax, Attributable to Parent [Abstract]  
INCOME FROM CONTINUING OPERATIONS PER SHARE
INCOME FROM CONTINUING OPERATIONS PER SHARE
The computations of income from continuing operations per share are as follows:
 
2017
 
2016
 
2015
 
 
 
 
 
 
 
(In millions, except per share amounts)
Income from continuing operations
$
638

 
$
611

 
$
287

Adjustments for participating securities outstanding
(2
)
 
(2
)
 
(1
)
Income from continuing operations used in per basic and diluted common share calculations (A)
$
636

 
$
609

 
$
286

Basic weighted average common shares outstanding (B)
122.6

 
123.8

 
105.7

Impact of dilutive share-based awards
1.7

 
1.2

 
1.1

Diluted weighted average common shares outstanding (C)
124.3

 
125.0

 
106.8

Income from continuing operations per basic common share (A)/(B)
$
5.19

 
$
4.91

 
$
2.70

Income from continuing operations per diluted common share (A)/(C)
$
5.12

 
$
4.87

 
$
2.67


Potential dilutive common shares primarily consist of employee stock options and performance share unit awards. Employee stock options to purchase approximately 1,325,754, 1,671,045 and 605,419 shares of our common stock were outstanding at the end of fiscal 2017, 2016 and 2015, respectively, but were not included as dilutive stock options in the computations of income from continuing operations per diluted common share because the effect would have been antidilutive.