XML 35 R2.htm IDEA: XBRL DOCUMENT v3.19.3.a.u2
Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2019
Dec. 31, 2018
Dec. 31, 2019
Dec. 31, 2018
Income Statement [Abstract]        
Net sales $ 1,449 $ 1,473 $ 2,955 $ 3,036
Cost of products sold 810 830 1,653 1,715
Gross profit 639 643 1,302 1,321
Selling and administrative expenses 210 211 421 423
Advertising costs 140 145 277 284
Research and development costs 34 32 64 64
Interest expense 25 24 50 48
Other (income) expense, net (5) 7 (3) 10
Earnings before income taxes 235 224 493 492
Income taxes 50 42 105 100
Net earnings $ 185 $ 182 $ 388 $ 392
Net earnings per share        
Basic net earnings per share (in dollars per share) $ 1.48 $ 1.42 $ 3.09 $ 3.07
Diluted net earnings per share (in dollars per share) $ 1.46 $ 1.40 $ 3.05 $ 3.02
Weighted average shares outstanding (in thousands)        
Basic (in shares) 125,440 128,068 125,632 127,955
Diluted (in shares) 126,879 130,094 127,198 130,107
Comprehensive income $ 199 $ 152 $ 389 $ 362