STOCKHOLDERS' EQUITY

12 Months Ended

Jun. 30, 2020

Stockholders' Equity Note [Abstract]

STOCKHOLDERS’ EQUITY

As of June 30, 2020, the Company had two stock repurchase programs: an open-market purchase program with an authorized aggregate purchase amount of up to $2,000, which has no expiration date, was authorized by the Board of Directors in May 2018, and a program to offset the anticipated impact of dilution related to stock-based awards (the Evergreen Program), which has no authorization limit on the dollar amount and no expiration date.

Stock repurchases under the two stock repurchase programs were as follows during the fiscal years ended June 30:


	2020					2019				2018
	Amount		Shares (in thousands)	Amount		Shares (in thousands)	Amount		Shares (in thousands)
Open-market purchase program	$	85	577	$	328	2,266	$	95	749
Evergreen Program	157		954	332		2,208	177		1,422
Total stock repurchases	$	242	1,531	$	660	4,474	$	272	2,171

Dividends per share paid during the fiscal years ended June 30 were as follows:


	2020		2019		2018
Dividends per share paid	$	4.24	$	3.84	$	3.48

Accumulated Other Comprehensive Net (Loss) Income

Changes in Accumulated other comprehensive net (loss) income by component were as follows for the fiscal years ended June 30:


	Foreign currency translation adjustments		Net unrealized gains (losses) on derivatives		Pension and postretirement benefit adjustments		Accumulated other comprehensive net (loss) income
Balance June 30, 2017	$	(356)	$	(37)	$	(150)	$	(543)
Other comprehensive (loss) income before reclassifications	(20)		8		11		(1)
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		6		8		14
Income tax benefit (expense)	(8)		(2)		(7)		(17)
Net current period other comprehensive (loss) income	(28)		12		12		(4)
Balance June 30, 2018	(384)		(25)		(138)		(547)
Other comprehensive (loss) income before reclassifications	(20)		(5)		—		(25)
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		6		6		12
Income tax benefit (expense)	(2)		1		(2)		(3)
Net current period other comprehensive (loss) income	(22)		2		4		(16)
Cumulative effect of accounting changes ⁽¹⁾	(8)		—		(31)		(39)
Balance June 30, 2019	(414)		(23)		(165)		(602)
Other comprehensive (loss) income before reclassifications	(35)		(5)		(16)		(56)
Amounts reclassified from Accumulated other comprehensive net (loss) income	—		10		7		17
Income tax benefit (expense)	(1)		—		2		1
Net current period other comprehensive (loss) income	(36)		5		(7)		(38)
Balance June 30, 2020	$	(450)	$	(18)	$	(172)	$	(640)

⁽¹⁾ The opening balance of Accumulated other comprehensive net (loss) income was adjusted as a result of adopting ASU No. 2018-02, “Income Statement-Reporting Comprehensive Income (ASC 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” on April 1, 2019.

Included in foreign currency adjustments are re-measurement losses on long-term intercompany loans where settlement is not planned or anticipated in the foreseeable future. For the fiscal years ended June 30, 2020, 2019 and 2018, Other comprehensive losses on these loans totaled $5, $3 and $9, respectively, and there were no amounts reclassified from Accumulated other comprehensive net (loss) income for the periods presented.