Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2016	Jun. 30, 2016
Current assets
Cash and cash equivalents	$ 414	$ 401
Receivables, net	514	569
Inventories, net	501	443
Other current assets	120	72
Total current assets	1,549	1,485
Property, plant and equipment, net of accumulated depreciation and amortization of $1,983 and $1,911, respectively	904	906
Goodwill	1,190	1,197
Trademarks, net	655	657
Other intangible assets, net	72	78
Other assets	198	187
Total assets	4,568	4,510
Current liabilities
Notes and loans payable	759	523
Current maturities of long-term debt	400	0
Accounts payable and accrued liabilities	878	1,035
Income taxes payable	0	0
Total current liabilities	2,037	1,558
Long-term debt	1,390	1,789
Other liabilities	794	784
Deferred income taxes	77	82
Total liabilities	4,298	4,213
Commitments and contingencies
Stockholders’ equity
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock: $1.00 par value; 750,000,000 shares authorized; 158,741,461 shares issued as of December 31, 2016 and June 30, 2016; and 128,177,367 and 129,355,263 shares outstanding as of December 31, 2016 and June 30, 2016, respectively	159	159
Additional paid-in capital	895	868
Retained earnings	2,284	2,163
Treasury shares, at cost: 30,564,094 and 29,386,198 shares as of December 31, 2016 and June 30, 2016, respectively	(2,489)	(2,323)
Accumulated other comprehensive net (losses) income	(579)	(570)
Stockholders’ equity	270	297
Total liabilities and stockholders’ equity	$ 4,568	$ 4,510