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VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
12 Months Ended
Jun. 30, 2014
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (Dollars in millions) 

 

Column A     Column B     Column C     Column D   Column E
            Additions     Deductions    
Description     Balance at
beginning
of period
    Charged to
costs and
expenses
    Credited to
costs and
expenses
  Credited
to other
accounts
  Balance at
end
of period
Allowance for doubtful accounts                          
       Year ended June 30, 2014     $ (5 )     $ -       $ 2     $ -     $ (3 )
       Year ended June 30, 2013       (7 )       -         2       -       (5 )
       Year ended June 30, 2012       (5 )       (3 )       1       -       (7 )
LIFO allowance                                              
       Year ended June 30, 2014     $ (40 )     $ -       $ 3     $ 1     $ (36 )
       Year ended June 30, 2013       (37 )       (3 )       -       -       (40 )
       Year ended June 30, 2012       (29 )       (8 )       -       -       (37 )
Valuation allowance on deferred tax assets                                              
       Year ended June 30, 2014     $ (36 )     $ (25 )     $ -     $ 10     $ (51 )
       Year ended June 30, 2013       (20 )       (16 )       -       -       (36 )
       Year ended June 30, 2012       (14 )       (6 )       -       -       (20 )
Allowance for inventory obsolescence                                              
       Year ended June 30, 2014     $ (11 )     $ (13 )     $ -     $ 10     $ (14 )
       Year ended June 30, 2013       (10 )       (12 )       -       11       (11 )
       Year ended June 30, 2012       (11 )       (13 )       -       14       (10 )