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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Millions
Sep. 30, 2017
Jun. 30, 2017
Current assets    
Cash and cash equivalents $ 468 $ 418
Receivables, net 531 565
Inventories, net 462 459
Prepaid expenses and other current assets 59 72
Total current assets 1,520 1,514
Property, plant and equipment, net of accumulated depreciation and amortization of $2,015 and $2,001, respectively 934 931
Goodwill 1,203 1,196
Trademarks, net 654 654
Other intangible assets, net 66 68
Other assets 223 210
Total assets 4,600 4,573
Current liabilities    
Notes and loans payable 13 404
Current maturities of long-term debt 400 400
Accounts payable and accrued liabilities 912 1,005
Income taxes payable 51 0
Total current liabilities 1,376 1,809
Long-term debt 1,787 1,391
Other liabilities 783 770
Deferred income taxes 62 61
Total liabilities 4,008 4,031
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 September 30, 2017 and June 30, 2017; and 128,923,671 and 129,014,172 shares outstanding as of September 30, 2017 and June 30, 2017, respectively 159 159
Additional paid-in capital 922 928
Retained earnings 2,524 2,440
Treasury shares, at cost: 29,817,790 and 29,727,289 shares as of September 30, 2017 and June 30, 2017, respectively (2,489) (2,442)
Accumulated other comprehensive net (losses) income (524) (543)
Stockholders’ equity 592 542
Total liabilities and stockholders’ equity $ 4,600 $ 4,573