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STOCK-BASED COMPENSATION PLANS (Tables)
 12 Months Ended
Jun. 30, 2021
Share-based Payment Arrangement, Noncash Expense [Abstract]  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs
Compensation cost and the related income tax benefit recognized for stock-based compensation plans were classified as indicated below for the fiscal years ended June 30:
202120202019
Cost of products sold$6 $5 $5 
Selling and administrative expenses40 41 35 
Research and development costs4 4 3 
Total compensation costs$50 $50 $43 
Related income tax benefit$12 $12 $10 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of each stock option award granted during fiscal years 2021, 2020 and 2019 was estimated on the date of grant using the Black-Scholes valuation model and assumptions noted in the following table:
202120202019
Expected life
5.3 to 5.4 years
5.4 years5.4 years
Weighted-average expected life5.4 years5.4 years5.4 years
Expected volatility
21.4% to 23.2%
18.7%
17.3% to 20.2%
Weighted-average volatility21.9%18.7%17.4%
Risk-free interest rate
0.3% to 0.5%
1.7%
2.5% to 3.0%
Weighted-average risk-free interest rate0.3%1.7%2.9%
Dividend yield
2.1% to 2.3%
2.8%
2.5% to 2.6%
Weighted-average dividend yield2.1%2.8%2.6%
Schedule of Share-based Compensation, Stock Options, Activity
Details of the Company’s stock option activities are summarized below:
Number of
Shares
(In thousands)		Weighted-
Average
Exercise
Price
per Share		Average
Remaining
Contractual
Life		Aggregate
Intrinsic
Value
Options outstanding as of June 30, 20204,861 $127 6 years$451 
Granted451 212 
Exercised1,167 115 
Canceled125 162 
Options outstanding as of June 30, 20214,020 $139 6 years$179 
Options vested as of June 30, 20212,661 $122 5 years$153 
Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of the status of the Company’s restricted stock awards is presented below:
Number of
Shares
(In thousands)		Weighted-Average
Grant Date
Fair Value
per Share
Restricted stock awards as of June 30, 2020294 $150 
Granted147 211 
Vested99 147 
Forfeited27 164 
Restricted stock awards as of June 30, 2021315 $178 
Share-based Compensation, Performance Shares Award Outstanding Activity
A summary of the status of the Company’s performance share awards is presented below:
Number of
Shares
(In thousands)		Weighted-Average
Grant Date
Fair Value
per Share
Performance share awards as of June 30, 2020414 $128 
Granted106 $212 
Distributed129 $120 
Forfeited38 $148 
Performance share awards as of June 30, 2021353 $146 
Performance shares vested and deferred as of June 30, 2021112 $91