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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, 2019
Mar. 31, 2018
Mar. 31, 2019
Mar. 31, 2018
Income Statement [Abstract]        
Net sales $ 1,551 $ 1,517 $ 4,587 $ 4,433
Cost of products sold 878 868 2,593 2,502
Gross profit 673 649 1,994 1,931
Selling and administrative expenses 216 208 639 609
Advertising costs 161 150 445 424
Research and development costs 34 32 98 95
Interest expense 24 20 72 61
Other (income) expense, net (2) (3) 8 (6)
Earnings from continuing operations before income taxes 240 242 732 748
Income taxes on continuing operations 53 61 153 142
Earnings from continuing operations 187 181 579 606 [1]
Earnings (losses) from discontinued operations, net of tax 0 0 0 0 [1]
Net earnings $ 187 $ 181 $ 579 $ 606 [1]
Net earnings (losses) per share, Basic        
Continuing operations, basic (in dollars per share) $ 1.46 $ 1.39 $ 4.53 $ 4.69
Discontinued operations, basic (in dollars per share) 0 0 0 0
Basic net earnings per share (in dollars per share) 1.46 1.39 4.53 4.69
Net earnings (losses) per share, Diluted        
Continuing operations, diluted (in dollars per share) 1.44 1.37 4.45 4.60
Discontinued operations, diluted (in dollars per share) 0 0 0 0
Diluted net earnings per share (in dollars per share) $ 1.44 $ 1.37 $ 4.45 $ 4.60
Weighted average shares outstanding (in thousands)        
Basic (in shares) 128,404 129,694 128,092 129,357
Diluted (in shares) 130,266 131,900 130,218 131,703
Comprehensive income $ 200 $ 180 $ 562 $ 624
[1] Adjusted to reflect the retrospective adoption of Accounting Standards Update (ASU) No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash,” effective July 1, 2018. As of March 31, 2019 and 2018 and June 30, 2018 and 2017, the Company had $2, $3, $3 and $2 of restricted cash, respectively, and the restricted cash was included in Prepaid expenses and other current assets and Other assets in the condensed consolidated balance sheets.