XML 14 R2.htm IDEA: XBRL DOCUMENT v3.8.0.1
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Dec. 31, 2017
Dec. 31, 2016
Income Statement [Abstract]        
Net sales $ 1,416 $ 1,406 $ 2,916 $ 2,849
Cost of products sold 807 777 1,634 1,580
Gross profit 609 629 1,282 1,269
Selling and administrative expenses 197 197 401 397
Advertising costs 140 128 274 256
Research and development costs 31 32 63 63
Interest expense 20 22 41 44
Other (income) expense, net (6) 23 (3) 18
Earnings from continuing operations before income taxes 227 227 506 491
Income taxes on continuing operations (6) 77 81 162
Earnings from continuing operations 233 150 425 329
Earnings (losses) from discontinued operations, net of tax 0 (1) 0 (1)
Net earnings $ 233 $ 149 $ 425 $ 328
Net earnings (losses) per share, Basic        
Continuing operations, basic (in dollars per share) $ 1.81 $ 1.16 $ 3.29 $ 2.55
Discontinued operations, basic (in dollars per share) 0.00 0.00 0.00 (0.01)
Basic net earnings per share (in dollars per share) 1.81 1.16 3.29 2.54
Net earnings (losses) per share, Diluted        
Continuing operations, diluted (in dollars per share) 1.77 1.14 3.23 2.51
Discontinued operations, diluted (in dollars per share) 0.00 0.00 0.00 (0.01)
Diluted net earnings per share (in dollars per share) $ 1.77 $ 1.14 $ 3.23 $ 2.50
Weighted average shares outstanding (in thousands)        
Basic (in shares) 129,359 128,497 129,189 128,973
Diluted (in shares) 131,655 130,775 131,559 131,406
Dividends declared per share (in dollars per share) $ 0.84 $ 0.80 $ 1.68 $ 1.60
Comprehensive income $ 233 $ 137 $ 444 $ 319