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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 12 Months Ended
Jun. 30, 2020
Sep. 30, 2019
Jun. 30, 2019
Sep. 30, 2018
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
Operating activities:                
Net earnings $ 310 $ 203 $ 241 $ 210 $ 939 $ 820 $ 823 $ 701
Adjustments to reconcile net earnings to net cash provided by operations:                
Depreciation and amortization         180 180 166  
Stock-based compensation         50 43 53  
Deferred income taxes         (2) (20) (23)  
Other         30 (29) 44  
Changes in:                
Receivables, net         (27) (32) (24)  
Inventories, net         50 (7) (21)  
Prepaid expenses and other current assets         2 (6) 4  
Accounts payable and accrued liabilities         291 17 (47)  
Operating lease right-of-use assets and liabilities, net         19 0 0  
Income taxes payable/ prepaid         14 26 1  
Net cash provided by operations         1,546 992 976  
Investing activities:                
Capital expenditures         (254) (206) (194)  
Businesses acquired, net of cash acquired         0 0 (681)  
Other         2 10 16  
Net cash used for investing activities         (252) (196) (859)  
Financing activities:                
Notes and loans payable, net         (396) 189 (214)  
Long-term debt borrowings, net of issuance costs paid         492 0 891  
Long-term debt repayments         0 0 (400)  
Treasury stock purchased         (248) (661) (271)  
Cash dividends paid         (533) (490) (450)  
Issuance of common stock for employee stock plans and other         162 147 45  
Net cash used for financing activities         (523) (815) (399)  
Effect of exchange rate changes on cash, cash equivalents, and restricted cash         (5) (2) (3)  
Net increase (decrease) in cash, cash equivalents and restricted cash         766 (21) (285)  
Cash, cash equivalents and restricted cash:                
Beginning of year   $ 113   $ 134 113 134 419  
End of year 879   113   879 113 134 $ 419
Supplemental cash flow information:                
Interest paid         89 87 75  
Income taxes paid, net of refunds         241 207 245  
Non-cash financing activities:                
Cash dividends declared and accrued, but not paid $ 140   $ 133   $ 140 $ 133 $ 123