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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Income Statement [Abstract]        
Net sales $ 1,517 $ 1,477 $ 4,433 $ 4,326
Cost of products sold 868 827 2,502 2,407
Gross profit 649 650 1,931 1,919
Selling and administrative expenses 208 201 609 598
Advertising costs 150 161 424 417
Research and development costs 32 35 95 98
Interest expense 20 22 61 66
Other (income) expense, net (3) (16) (6) 2
Earnings from continuing operations before income taxes 242 247 748 738
Income taxes on continuing operations 61 75 142 237
Earnings from continuing operations 181 172 606 501
Earnings (losses) from discontinued operations, net of tax 0 0 0 (1)
Net earnings $ 181 $ 172 $ 606 $ 500
Net earnings (losses) per share, Basic        
Continuing operations, basic (in dollars per share) $ 1.39 $ 1.34 $ 4.69 $ 3.89
Discontinued operations, basic (in dollars per share) 0.00 0.00 0.00 (0.01)
Basic net earnings per share (in dollars per share) 1.39 1.34 4.69 3.88
Net earnings (losses) per share, Diluted        
Continuing operations, diluted (in dollars per share) 1.37 1.31 4.60 3.82
Discontinued operations, diluted (in dollars per share) 0.00 0.00 0.00 (0.01)
Diluted net earnings per share (in dollars per share) $ 1.37 $ 1.31 $ 4.60 $ 3.81
Weighted average shares outstanding (in thousands)        
Basic (in shares) 129,694 128,752 129,357 128,899
Diluted (in shares) 131,900 131,362 131,703 131,399
Dividends declared per share (in dollars per share) $ 0.96 $ 0.80 $ 2.64 $ 2.40
Comprehensive income $ 180 $ 186 $ 624 $ 505