XML 12 R2.htm IDEA: XBRL DOCUMENT v3.7.0.1
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Income Statement [Abstract]        
Net sales $ 1,477 $ 1,426 $ 4,326 $ 4,161
Cost of products sold 827 780 2,407 2,290
Gross profit 650 646 1,919 1,871
Selling and administrative expenses 201 204 598 581
Advertising costs 161 146 417 395
Research and development costs 35 35 98 99
Interest expense 22 22 66 67
Other (income) expense, net (16) 2 2 (2)
Earnings from continuing operations before income taxes 247 237 738 731
Income taxes on continuing operations 75 78 237 248
Earnings from continuing operations 172 159 501 483
Earnings (losses) from discontinued operations, net of tax 0 3 (1) 0
Net earnings $ 172 $ 162 $ 500 $ 483
Net earnings (losses) per share, Basic        
Continuing operations, basic (in dollars per share) $ 1.34 $ 1.23 $ 3.89 $ 3.73
Discontinued operations, basic (in dollars per share) 0.00 0.02 (0.01) 0.00
Basic net earnings per share (in dollars per share) 1.34 1.25 3.88 3.73
Net earnings (losses) per share, Diluted        
Continuing operations, diluted (in dollars per share) 1.31 1.21 3.82 3.67
Discontinued operations, diluted (in dollars per share) 0.00 0.02 (0.01) 0.00
Diluted net earnings per share (in dollars per share) $ 1.31 $ 1.23 $ 3.81 $ 3.67
Weighted average shares outstanding (in thousands)        
Basic (in shares) 128,752 129,690 128,899 129,463
Diluted (in shares) 131,362 131,647 131,399 131,652
Dividend declared per share (in dollars per share) $ 0.80 $ 0.77 $ 2.40 $ 2.31
Comprehensive income $ 186 $ 181 $ 505 $ 443