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STOCKHOLDERS' EQUITY (Tables)
9 Months Ended
Mar. 31, 2020
Equity [Abstract]  
Schedule of Stockholders Equity
Changes in the components of Stockholders’ equity were as follows for the periods indicated:
Three Months Ended March 31
Common StockAdditional Paid-in CapitalRetained EarningsTreasury StockAccumulated
Other
Comprehensive
Net (Loss) Income
Total Stockholders’ Equity
AmountShares
(in thousands)
AmountShares
(in thousands)
Balance as of December 31, 2018$159  158,741  $1,014  $2,940  $(2,794) (30,651) $(577) $742  
Net earnings187  187  
Other comprehensive (loss) income13  13  
Dividends ($0.96 per share declared)
(123) (123) 
Stock-based compensation16  16  
Other employee stock plan activities3  —  16  264  19  
Treasury stock purchased(73) (466) (73) 
Balance as of March 31, 2019$159  158,741  $1,033  $3,004  $(2,851) (30,853) $(564) $781  
Balance as of December 31, 2019$159  158,741  $1,062  $3,292  $(3,357) (33,717) $(601) $555  
Net earnings241  241  
Other comprehensive (loss) income(55) (55) 
Dividends ($1.06 per share declared)
(135) (135) 
Stock-based compensation18  18  
Other employee stock plan activities31  —  70  1,083  101  
Treasury stock purchased(30) (184) (30) 
Balance as of March 31, 2020$159  158,741  $1,111  $3,398  $(3,317) (32,818) $(656) $695  
Nine Months Ended March 31
Common StockAdditional Paid-in CapitalRetained EarningsTreasury StockAccumulated
Other
Comprehensive
Net (Loss) Income
Total Stockholders’ Equity
AmountShares
(in thousands)
AmountShares
(in thousands)
Balance as of June 30, 2018$159  158,741  $975  $2,797  $(2,658) (30,759) $(547) $726  
Cumulative effect of accounting changes, net of tax (1)
(3) (3) 
Net earnings579  579  
Other comprehensive (loss) income(17) (17) 
Dividends ($2.88 per share declared)
(369) (369) 
Stock-based compensation34  34  
Other employee stock plan activities24  —  116  2,048  140  
Treasury stock purchased(309) (2,142) (309) 
Balance as of March 31, 2019$159  158,741  $1,033  $3,004  $(2,851) (30,853) $(564) $781  
Balance as of June 30, 2019$159  158,741  $1,046  $3,150  $(3,194) (33,055) $(602) $559  
Cumulative effect of accounting changes, net of tax (2)
22  22  
Net earnings629  629  
Other comprehensive (loss) income(54) (54) 
Dividends ($3.18 per share declared)
(402) (402) 
Stock-based compensation37  37  
Other employee stock plan activities28  (1) 96  1,661  123  
Treasury stock purchased(219) (1,424) (219) 
Balance as of March 31, 2020$159  158,741  $1,111  $3,398  $(3,317) (32,818) $(656) $695  

(1) As a result of adopting ASU No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” on July 1, 2018, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2019 opening balance of Retained earnings.
(2) As a result of adopting ASU No. 2016-02, “Leases (Topic 842),” on July 1, 2019, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2020 opening balance of Retained earnings. See Note 1 for more information.
Schedule of Share Repurchases Under Authorized Programs
Stock repurchases under the two stock repurchase programs were as follows for the periods indicated:
Three Months EndedNine Months Ended
3/31/20203/31/20193/31/20203/31/2019
AmountShares
(in thousands)
AmountShares
(in thousands)
AmountShares
(in thousands)
AmountShares
(in thousands)
Open-market purchase program$—  —  $—  —  $85  577  $78  591  
Evergreen Program30  184  73  466  134  847  231  1,551  
Total stock repurchases$30  184  $73  466  $219  1,424  $309  2,142  
Schedule of Changes in Accumulated Other Comprehensive Net (Losses) Income
Changes in Accumulated other comprehensive net (loss) income by component were as follows for the periods indicated:
Three Months Ended March 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivativesPension and postretirement benefit adjustmentsAccumulated other comprehensive net (loss) income
Balance as of December 31, 2018$(415) $(26) $(136) $(577) 
Other comprehensive (loss) income before reclassifications8  2  —  10  
Amounts reclassified from Accumulated other comprehensive net (loss) income—  2  2  4  
Income tax benefit (expense)—  (1) —  (1) 
Net current period other comprehensive (loss) income8  3  2  13  
Balance as of March 31, 2019$(407) $(23) $(134) $(564) 
Balance as of December 31, 2019$(421) $(17) $(163) $(601) 
Other comprehensive (loss) income before reclassifications(49) (9) —  (58) 
Amounts reclassified from Accumulated other comprehensive net (loss) income—  2  2  4  
Income tax benefit (expense), and other(2) 2  (1) (1) 
Net current period other comprehensive (loss) income(51) (5) 1  (55) 
Balance as of March 31, 2020$(472) $(22) $(162) $(656) 
Nine Months Ended March 31
Foreign currency translation adjustmentsNet unrealized gains (losses) on derivativesPension and postretirement benefit adjustmentsAccumulated other comprehensive net (loss) income
Balance as of June 30, 2018$(384) $(25) $(138) $(547) 
Other comprehensive (loss) income before reclassifications(22) (3) —  (25) 
Amounts reclassified from Accumulated other comprehensive net (loss) income—  4  5  9  
Income tax benefit (expense)(1) 1  (1) (1) 
Net current period other comprehensive (loss) income(23) 2  4  (17) 
Balance as of March 31, 2019$(407) $(23) $(134) $(564) 
Balance as of June 30, 2019$(414) $(23) $(165) $(602) 
Other comprehensive (loss) income before reclassifications(55) (6) —  (61) 
Amounts reclassified from Accumulated other comprehensive net (loss) income—  6  5  11  
Income tax benefit (expense), and other(3) 1  (2) (4) 
Net current period other comprehensive (loss) income(58) 1  3  (54) 
Balance as of March 31, 2020$(472) $(22) $(162) $(656)