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Consolidated Statements of Earnings (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2009
Consolidated Statements of Earnings      
Net sales $ 5,231 [1] $ 5,234 [1] $ 5,158
Cost of products sold 2,958 [1] 2,915 [1] 2,954
Gross profit 2,273 2,319 2,204
Selling and administrative expenses 735 734 703
Advertising costs 502 494 474
Research and development costs 115 118 113
Restructuring and asset impairment costs 4 4 19
Goodwill impairment 258    
Interest expense 123 139 161
Other (income) expense, net (27) 25 25
Earnings from continuing operations before income taxes 563 805 709
Income taxes on continuing operations 276 279 237
Earnings from continuing operations 287 [1] 526 [1] 472
Discontinued operations:      
Earnings from Auto businesses, net of tax 23 77 65
Gain on sale of Auto businesses, net of tax 247    
Earnings from discontinued operations 270 [1] 77 [1] 65
Net earnings $ 557 [1] $ 603 [1] $ 537
Basic      
Continuing operations $ 2.09 [1] $ 3.73 [1] $ 3.36
Discontinued operations $ 1.97 [1] $ 0.55 [1] $ 0.46
Basic net earnings per share $ 4.06 [1] $ 4.28 [1] $ 3.82
Diluted      
Continuing operations $ 2.07 [1] $ 3.69 [1] $ 3.33
Discontinued operations $ 1.95 [1] $ 0.55 [1] $ 0.46
Diluted net earnings per share $ 4.02 [1] $ 4.24 [1] $ 3.79
Weighted average shares outstanding (in thousands)      
Basic 136,699 140,272 139,015
Diluted 138,101 141,534 140,169
[1] Fiscal year 2011 earnings (losses) from continuing operations and net earnings included the $258 non-cash goodwill impairment charge recognized in the second fiscal quarter for the Burt's Bees business. Fiscal year 2011 diluted net earnings per share from continuing operations included the impact of $1.86 from this non-cash goodwill impairment charge.