DEBT	9 Months Ended
Mar. 31, 2018
Debt Disclosure [Abstract]
DEBT	DEBT In September 2017, the Company issued $400 of senior notes with an annual fixed interest rate of 3.10% and a maturity date of October 1, 2027. Interest on the notes is payable semi-annually in April and October. The notes carry an effective interest rate of 3.13%, which includes the impact of amortizing debt issuance costs and the gain on the interest rate forward contracts over the life of the notes. The notes rank equally with all of the Company's existing senior indebtedness. Additionally, the Company entered into, and subsequently terminated, interest rate forward contracts with a notional amount of $200 related to the issuance, which resulted in an insignificant gain to Accumulated other comprehensive net (losses) income. The proceeds from the debt issuance were used to repay commercial paper in September 2017. In October 2017, the Company used commercial paper borrowings to repay its $400 senior notes with an annual fixed interest rate of 5.95%. On March 26, 2018, the Company entered into a $250 revolving credit agreement that matures in March 2019. The Company also maintains a $1,100 revolving credit agreement that matures in February 2022. There were no borrowings under these credit agreements as of March 31, 2018 and the Company believes that borrowings under these credit agreements are and will continue to be available for general corporate purposes. The credit agreements include certain restrictive covenants and limitations, with which the Company was in compliance as of March 31, 2018.

DEBT

9 Months Ended

Mar. 31, 2018

In September 2017, the Company issued $400 of senior notes with an annual fixed interest rate of 3.10% and a maturity date of October 1, 2027. Interest on the notes is payable semi-annually in April and October. The notes carry an effective interest rate of 3.13%, which includes the impact of amortizing debt issuance costs and the gain on the interest rate forward contracts over the life of the notes. The notes rank equally with all of the Company's existing senior indebtedness. Additionally, the Company entered into, and subsequently terminated, interest rate forward contracts with a notional amount of $200 related to the issuance, which resulted in an insignificant gain to Accumulated other comprehensive net (losses) income.

The proceeds from the debt issuance were used to repay commercial paper in September 2017. In October 2017, the Company used commercial paper borrowings to repay its $400 senior notes with an annual fixed interest rate of 5.95%.

On March 26, 2018, the Company entered into a $250 revolving credit agreement that matures in March 2019. The Company also maintains a $1,100 revolving credit agreement that matures in February 2022. There were no borrowings under these credit agreements as of March 31, 2018 and the Company believes that borrowings under these credit agreements are and will continue to be available for general corporate purposes. The credit agreements include certain restrictive covenants and limitations, with which the Company was in compliance as of March 31, 2018.