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CONSOLIDATED STATEMENTS OF CASH FLOWS
12 Months Ended
Jun. 30, 2018
USD ($)
Jun. 30, 2017
USD ($)
Jun. 30, 2016
USD ($)
Operating activities:      
Net earnings $ 823,000,000 $ 701,000,000 $ 648,000,000
Deduct: Losses from discontinued operations, net of tax 0 (2,000,000) 0
Earnings from continuing operations 823,000,000 703,000,000 648,000,000
Adjustments to reconcile earnings from continuing operations to net cash provided by continuing operations:      
Depreciation and amortization 166,000,000 163,000,000 165,000,000
Stock-based compensation 53,000,000 51,000,000 45,000,000
Deferred income taxes (23,000,000) (35,000,000) 5,000,000
Settlement of interest rate forward contracts 0 0  
Other 43,000,000 36,000,000 1,000,000
Changes in:      
Receivables, net (24,000,000) (1,000,000) (52,000,000)
Inventories, net (21,000,000) (19,000,000) (45,000,000)
Prepaid expenses and other current assets 3,000,000 (5,000,000) 6,000,000
Accounts payable and accrued liabilities (47,000,000) (34,000,000) 57,000,000
Income taxes payable 1,000,000 12,000,000 (62,000,000)
Net cash provided by continuing operations 974,000,000 871,000,000 768,000,000
Net cash (used for) provided by discontinued operations 0 (3,000,000) 10,000,000
Net cash provided by operations 974,000,000 868,000,000 778,000,000
Investing activities:      
Capital expenditures (194,000,000) (231,000,000) (172,000,000)
Businesses acquired, net of cash acquired (681,000,000) 0 (290,000,000)
Other 16,000,000 26,000,000 32,000,000
Net cash used for investing activities (859,000,000) (205,000,000) (430,000,000)
Financing activities:      
Notes and loans payable, net (214,000,000) (125,000,000)  
Notes and loans payable, net     426,000,000
Long-term debt borrowings, net of issuance costs 891,000,000 0 0
Long-term debt repayments (400,000,000) 0 (300,000,000)
Treasury stock purchased (271,000,000) (183,000,000) (254,000,000)
Cash dividends paid (450,000,000) (412,000,000) (398,000,000)
Issuance of common stock for employee stock plans and other 45,000,000 75,000,000 210,000,000
Net cash used for financing activities (399,000,000) (645,000,000) (316,000,000)
Effect of exchange rate changes on cash and cash equivalents (3,000,000) (1,000,000) (13,000,000)
Net increase (decrease) in cash and cash equivalents (287,000,000) 17,000,000 19,000,000
Cash and cash equivalents:      
Beginning of year 418,000,000 401,000,000 382,000,000
End of year 131,000,000 418,000,000 401,000,000
Supplemental cash flow information:      
Interest paid 75,000,000 78,000,000 79,000,000
Income taxes paid, net of refunds 245,000,000 347,000,000 323,000,000
Non-cash financing activities:      
Cash dividends declared and accrued, but not paid $ 123,000,000 $ 108,000,000 $ 104,000,000