Condensed Consolidated Balance Sheets (Unaudited) - USD ($) $ in Millions	Dec. 31, 2019	Jun. 30, 2019
Current assets
Cash and cash equivalents	$ 168	$ 111
Receivables, net	544	631
Inventories, net	514	512
Prepaid expenses and other current assets	77	51
Total current assets	1,303	1,305
Property, plant and equipment, net of accumulated depreciation and amortization of $2,185 and $2,150, respectively	1,052	1,034
Operating lease right-of-use assets	303
Goodwill	1,588	1,591
Trademarks, net	790	791
Other intangible assets, net	115	121
Other assets	308	274
Total assets	5,459	5,116
Current liabilities
Notes and loans payable	507	396
Current operating lease liabilities	61
Accounts payable and accrued liabilities	945	1,035
Income taxes payable	0	9
Total current liabilities	1,513	1,440
Long-term debt	2,288	2,287
Long-term operating lease liabilities	282
Other liabilities	745	780
Deferred income taxes	76	50
Total liabilities	4,904	4,557
Commitments and contingencies
Stockholders’ equity
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding	0	0
Common stock: $1.00 par value; 750,000,000 shares authorized; 158,741,461 shares issued as of December 31, 2019 and June 30, 2019; and 125,024,628 and 125,686,325 shares outstanding as of December 31, 2019 and June 30, 2019, respectively	159	159
Additional paid-in capital	1,062	1,046
Retained earnings	3,292	3,150
Treasury shares, at cost: 33,716,833 and 33,055,136 shares as of December 31, 2019 and June 30, 2019, respectively	(3,357)	(3,194)
Accumulated other comprehensive net (loss) income	(601)	(602)
Stockholders’ equity	555	559
Total liabilities and stockholders’ equity	$ 5,459	$ 5,116