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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, 2020
Mar. 31, 2019
Mar. 31, 2020
Mar. 31, 2019
Income Statement [Abstract]        
Net sales $ 1,783 $ 1,551 $ 4,738 $ 4,587
Cost of products sold 951 878 2,604 2,593
Gross profit 832 673 2,134 1,994
Selling and administrative expenses 269 216 690 639
Advertising costs 184 161 461 445
Research and development costs 39 34 103 98
Interest expense 24 24 74 72
Other (income) expense, net 19 (2) 16 8
Earnings before income taxes 297 240 790 732
Income taxes 56 53 161 153
Net earnings $ 241 $ 187 $ 629 $ 579
Net earnings per share        
Basic net earnings per share (in dollars per share) $ 1.92 $ 1.46 $ 5.01 $ 4.53
Diluted net earnings per share (in dollars per share) $ 1.89 $ 1.44 $ 4.94 $ 4.45
Weighted average shares outstanding (in thousands)        
Basic (in shares) 125,661 128,404 125,641 128,092
Diluted (in shares) 127,328 130,266 127,236 130,218
Comprehensive income $ 186 $ 200 $ 575 $ 562