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CONSOLIDATED STATEMENT OF EARNINGS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Income Statement [Abstract]      
Net sales $ 6,721 $ 6,214  
Net sales     $ 6,124
Cost of products sold 3,658 3,486 3,449
Gross profit 3,063 2,728 2,675
Selling and administrative expenses 969 856 837
Advertising costs 675 612 570
Research and development costs 145 136 132
Interest expense 99 97 85
Other (income) expense, net (10) 3 (3)
Earnings before income taxes 1,185 1,024 1,054
Income taxes 246 204 231
Net earnings $ 939 $ 820 $ 823
Net earnings per share      
Basic net earnings per share (in dollars per share) $ 7.46 $ 6.42 $ 6.37
Diluted net earnings per share (in dollars per share) $ 7.36 $ 6.32 $ 6.26
Weighted average shares outstanding (in thousands)      
Basic (in shares) 125,828 127,734 129,293
Diluted (in shares) 127,671 129,792 131,581