INVENTORIES

12 Months Ended

Jun. 30, 2018

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following as of June 30:

	2018			2017
Finished goods	$	395		$	363
Raw materials and packaging	129			119
Work in process	9			3
LIFO allowances	(27		)	(26		)
Total	$	506		$	459

The last-in, first-out (LIFO) method was used to value approximately 38% and 37% of inventories as of June 30, 2018 and 2017, respectively. The carrying values for all other inventories are determined on the first-in, first-out (FIFO) method. The effect on earnings of the liquidation of LIFO layers was insignificant for each of the fiscal years ended June 30, 2018, 2017 and 2016.