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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Income Statement [Abstract]        
Net sales $ 1,406 $ 1,345 $ 2,849 $ 2,735
Cost of products sold 777 745 1,580 1,510
Gross profit 629 600 1,269 1,225
Selling and administrative expenses 197 191 397 377
Advertising costs 128 126 256 249
Research and development costs 32 34 63 64
Interest expense 22 22 44 45
Other (income) expense, net 23 (3) 18 (4)
Earnings from continuing operations before income taxes 227 230 491 494
Income taxes on continuing operations 77 79 162 170
Earnings from continuing operations 150 151 329 324
Earnings (losses) from discontinued operations, net of tax (1) (2) (1) (3)
Net earnings $ 149 $ 149 $ 328 $ 321
Net earnings (losses) per share, Basic        
Continuing operations, basic (in dollars per share) $ 1.16 $ 1.16 $ 2.55 $ 2.50
Discontinued operations, basic (in dollars per share) 0.00 (0.01) (0.01) (0.02)
Basic net earnings per share (in dollars per share) 1.16 1.15 2.54 2.48
Net earnings (losses) per share, Diluted        
Continuing operations, diluted (in dollars per share) 1.14 1.14 2.51 2.46
Discontinued operations, diluted (in dollars per share) 0.00 (0.01) (0.01) (0.02)
Diluted net earnings per share (in dollars per share) $ 1.14 $ 1.13 $ 2.50 $ 2.44
Weighted average shares outstanding (in thousands)        
Basic (in shares) 128,497 129,543 128,973 129,349
Diluted (in shares) 130,775 131,546 131,406 131,477
Dividend declared per share (in dollars per share) $ 0.80 $ 0.77 $ 1.60 $ 1.54
Comprehensive income $ 137 $ 129 $ 319 $ 262