STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 2018

Share-based Compensation [Abstract]

Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs

Compensation cost and the related income tax benefit recognized for stock-based compensation plans were classified as indicated below for the fiscal years ended June 30:

	2018		2017		2016
Cost of products sold	$	7	$	7	$	6
Selling and administrative expenses	42		40		35
Research and development costs	4		4		4
Total compensation costs	$	53	$	51	$	45
Related income tax benefit	$	16	$	19	$	17

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

The fair value of each stock option award granted during fiscal years 2018, 2017 and 2016 was estimated on the date of grant using the Black-Scholes valuation model and assumptions noted in the following table:

	2018	2017	2016
Expected life	5.5 years	5.5 years	5.6 years
Weighted-average expected life	5.5 years	5.5 years	5.6 years
Expected volatility	15.7% to 18.7%	16.2% to 16.9%	16.4% to 17.3%
Weighted-average volatility	15.7%	16.9%	17.2%
Risk-free interest rate	1.3% to 2.6%	1.3% to 2.2%	1.3% to 1.7%
Weighted-average risk-free interest rate	1.8%	1.3%	1.7%
Dividend yield	2.4% to 3.0%	2.4% to 2.8%	2.5% to 2.8%
Weighted-average dividend yield	2.5%	2.6%	2.8%

Schedule of Share-based Compensation, Stock Options, Activity

Details of the Company’s stock option activities are summarized below:

	Number of Shares (In thousands)		Weighted- Average Exercise Price per Share		Average Remaining Contractual Life	Aggregate Intrinsic Value
Options outstanding as of June 30, 2017	6,907		$	93	6 years	$	277
Granted	1,181		136
Exercised	(901	)	80
Canceled	(107	)	123
Options outstanding as of June 30, 2018	7,080		$	101	6 years	$	240
Options vested as of June 30, 2018	4,366		$	88	5 years	$	205

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

A summary of the status of the Company’s restricted stock awards is presented below:

	Number of Shares (In thousands)		Weighted-Average Grant Date Fair Value per Share
Restricted stock awards as of June 30, 2017	18		$	120
Granted	155		135
Vested	(10	)	110
Forfeited	(7	)	135
Restricted stock awards as of June 30, 2018	156		$	135

Share-based Compensation, Performance Shares Award Outstanding Activity

A summary of the status of the Company’s performance share awards is presented below:

	Number of Shares (In thousands)		Weighted-Average Grant Date Fair Value per Share
Performance share awards as of June 30, 2017	862		$	102
Granted	236		135
Distributed	(360	)	88
Forfeited	(40	)	120
Performance share awards as of June 30, 2018	698		$	111
Performance shares vested and deferred as of June 30, 2018	154		$	74