XML 26 R2.htm IDEA: XBRL DOCUMENT v2.4.0.8
Condensed Consolidated Statements of Earnings and Comprehensive Income (USD $)
In Millions, except Share data in Thousands, unless otherwise specified
3 Months Ended 9 Months Ended
Mar. 31, 2014
Mar. 31, 2013
Mar. 31, 2014
Mar. 31, 2013
Condensed Consolidated Statements of Earnings and Comprehensive Income [Abstract]        
Net sales $ 1,386 $ 1,413 $ 4,080 $ 4,076
Cost of products sold 807 818 2,359 2,344
Gross profit 579 595 1,721 1,732
Selling and administrative expenses 182 196 580 595
Advertising costs 120 132 363 370
Research and development costs 28 34 90 95
Interest expense 25 30 77 96
Other expense (income), net 10 1 8 (8)
Earnings from continuing operations before income taxes 214 202 603 584
Income taxes on continuing operations 75 68 211 194
Earnings from continuing operations 139 134 392 390
Losses from discontinued operations, net of tax (2) (1) (4) (1)
Net earnings 137 133 388 389
Basic net earnings (losses) per share        
Continuing operations $ 1.06 $ 1.01 $ 3.02 $ 2.98
Discontinued operations $ (0.01) $ 0.00 $ (0.03) $ 0.00
Basic net earnings per share $ 1.05 $ 1.01 $ 2.99 $ 2.98
Diluted net earnings (losses) per share        
Continuing operations $ 1.05 $ 1.00 $ 2.97 $ 2.94
Discontinued operations $ (0.01) $ 0.00 $ (0.03) $ 0.00
Diluted net earnings per share $ 1.04 $ 1.00 $ 2.94 $ 2.94
Weighted average shares outstanding (in thousands)        
Basic 129,318 131,619 129,743 130,960
Diluted 131,555 133,475 132,004 132,629
Dividend declared per share $ 0.71 $ 0.64 $ 2.13 $ 1.92
Comprehensive income $ 106 $ 131 $ 337 $ 407