STOCK-BASED COMPENSATION PLANS (Tables)

12 Months Ended

Jun. 30, 2014

STOCK-BASED COMPENSATION PLANS [Abstract]

Schedule of Stock-based Compensation

	2014		2013		2012
Cost of products sold	$	4	$	4	$	3
Selling and administrative expenses		29		28		22
Research and development costs		3		3		2
Total compensation cost	$	36	$	35	$	27
Related income tax benefit	$	13	$	13	$	10

Schedule of Stock Option Valuation Assumptions

	2014		2013		2012
Expected life		5.7 years		5.7 years		4.9 - 5.7 years
Weighted-average expected life		5.7 years		5.7 years		5.7 years
Expected volatility		18.4% to 18.5%		18.7% to 19.2%		21.9% to 25.9%
Weighted-average volatility		18.5%		19.1%		23.5%
Risk-free interest rate		1.8% to 1.9%		0.6% to 0.8%		0.9% to 1.1%
Weighted-average risk-free interest rate		1.8%		0.7%		0.9%
Dividend yield		3.4%		3.2%-3.6%		3.5%-3.8%
Weighted-average dividend yield		3.4%		3.6%		3.5%

Summary of Stock Option Activity

	Number of Shares			Weighted- Average Exercise Price per Share		Average Remaining Contractual Life		Aggregate Intrinsic Value
	(In thousands)
Options outstanding as of June 30, 2013		10,257		$	65		7 years	$	184
Granted		1,795			84
Exercised		(1,450	)		60
Cancelled		(234	)		75
Options outstanding as of June 30, 2014		10,368		$	69		6 years	$	232
Options vested as of June 30, 2014		5,772		$	64		5 years	$	159

Summary of Restricted Stock Award Activity

	Number of Shares		Weighted-Average Grant Date Fair Value per Share
	(In thousands)
Restricted stock awards as of June 30, 2013	11		$	68
Granted	13			89
Vested	(3	)		67
Forfeited	-			-
Restricted stock awards as of June 30, 2014	21		$	81

Summary of Performance Units Award Activity

	Number of Shares		Weighted-Average Grant Date Fair Value per Share
	(In thousands)
Performance unit awards as of June 30, 2013	1,335		$	66
Granted	347			84
Distributed	(35	)		54
Forfeited	(426	)		67
Performance unit awards as of June 30, 2014	1,221		$	73
Perfomance units vested and deferred as of June 30, 2014	168		$	56