COMPREHENSIVE INCOME

3 Months Ended

Sep. 30, 2014

COMPREHENSIVE INCOME [Abstract]

COMPREHENSIVE INCOME

NOTE 7. COMPREHENSIVE INCOME

Comprehensive income was as follows for the periods indicated:

	Three Months Ended
	9/30/2014			9/30/2013
Earnings from continuing operations	$	145		$	139
Losses from discontinued operations, net of tax		(55	)		(3	)
Net earnings		90			136
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		1			4
Net unrealized losses on derivatives		(2	)		(1	)
Pension and postretirement benefit adjustments		2			(4	)
Total other comprehensive income (loss), net of tax		1			(1	)
Comprehensive income	$	91		$	135

Foreign currency translation adjustments are presented in the table above net of decreases in deferred tax liabilities of $3 and increases in deferred tax liabilities of $2 for the three months ended September 30,2014 and 2013, respectively.

Net unrealized losses on derivatives are presented in the table above net of decreases in deferred tax liabilities of $2 and $1 for the three months ended September 30, 2014 and 2013, respectively.

Pension and postretirement benefit adjustments are presented in the table above net of decreases in deferred tax liabilities of $0 and $2 for the three months ended September 30, 2014 and 2013, respectively.

Changes in accumulated other comprehensive net losses by component were as follows:

	Foreign						Pension and
	currency			Net unrealized			postretirement
	translation			losses on			benefit
	adjustments			derivatives			adjustments			Total
Balance as of June 30, 2014, net of tax	$	(246	)	$	(39	)	$	(132	)	$	(417	)
Other comprehensive income (loss) before reclassifications		(29	)		(4	)		-			(33	)
Amounts reclassified from accumulated other comprehensive net losses:
Recognition of deferred foreign currency translation loss		30			-			-			30
Other		-			2			2			4
Net other comprehensive income (loss)		1			(2	)		2			1
Balance as of September 30, 2014, net of tax	$	(245	)	$	(41	)	$	(130	)	$	(416	)