FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

3 Months Ended

Sep. 30, 2014

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]

Schedule of Financial Instruments Measured at Fair Value

	Balance sheet	9/30/2014				6/30/2014
	classification	Level 1		Level 2		Level 1		Level 2
Assets
Foreign exchange derivative contracts	Other current assets	$	-	$	2	$	-	$	-
Commodity purchase derivative contracts	Other current assets		-		-		-		1
Trust assets for nonqualified deferred compensation plans	Other assets		33		-		31		-
		$	33	$	2	$	31	$	1
Liabilities
Commodity purchase derivative contracts	Accrued liabilities	$	-	$	5	$	-	$	1
Interest rate derivative contracts	Accrued liabilities		-		16		-		13
Foreign exchange derivative contracts	Accrued liabilities		-		-		-		3
Commodity purchase derivative contracts	Other liabilities		-		2		-		-
		$	-	$	23	$	-	$	17

Effects of Derivative Instruments Designated as Hedging Instruments on OCI

	Three Months Ended
	(Loss) gain recognized in OCI						(Loss) gain reclassified from OCI and recognized in earnings
	9/30/2014			9/30/2013			9/30/2014			9/30/2013
Commodity purchase derivative contracts	$	(6	)	$	(2	)	$	-		$	-
Interest rate contracts		(3	)		-			(1	)		(1	)
Foreign exchange derivative contracts		4			-			(1	)		1
Total	$	(5	)	$	(2	)	$	(2	)	$	-