STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 2019

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:

	2019		2018		2017
Cost of products sold	$	5	$	7	$	7
Selling and administrative expenses	35		42		40
Research and development costs	3		4		4
Total compensation costs	$	43	$	53	$	51
Related income tax benefit	$	10	$	16	$	19

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

The fair value of each stock option award granted during fiscal years 2019, 2018 and 2017 was estimated on the date of grant using the Black-Scholes valuation model and assumptions noted in the following table:

	2019	2018	2017
Expected life	5.4 years	5.5 years	5.5 years
Weighted-average expected life	5.4 years	5.5 years	5.5 years
Expected volatility	17.3% to 20.2%	15.7% to 18.7%	16.2% to 16.9%
Weighted-average volatility	17.4%	15.7%	16.9%
Risk-free interest rate	2.5% to 3.0%	1.3% to 2.6%	1.3% to 2.2%
Weighted-average risk-free interest rate	2.9%	1.8%	1.3%
Dividend yield	2.5% to 2.6%	2.4% to 3.0%	2.4% to 2.8%
Weighted-average dividend yield	2.6%	2.5%	2.6%

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, 2018	7,080		$	101	6 years	$	240
Granted	863		152
Exercised	(1,951	)	88
Canceled	(248	)	132
Options outstanding as of June 30, 2019	5,744		$	112	6 years	$	235
Options vested as of June 30, 2019	3,533		$	97	5 years	$	198

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, 2018	156		$	135
Granted	139		152
Vested	(36	)	135
Forfeited	(18	)	140
Restricted stock awards as of June 30, 2019	241		$	144

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, 2018	698		$	111
Granted	216		152
Distributed	(334	)	109
Forfeited	(43	)	130
Performance share awards as of June 30, 2019	537		$	120
Performance shares vested and deferred as of June 30, 2019	151		$	82