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CONSOLIDATED STATEMENT OF EARNINGS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
CONSOLIDATED STATEMENTS OF EARNINGS [Abstract]      
Net sales $ 5,655 $ 5,514 $ 5,533
Cost of products sold 3,190 3,158 3,142
Gross profit 2,465 2,356 2,391
Selling and administrative expenses 798 751 793
Advertising costs 523 503 498
Research and development costs 136 125 130
Interest expense 100 103 122
Other income, net (13) (10) (4)
Earnings from continuing operations before income taxes 921 884 852
Income taxes on continuing operations 315 305 279
Earnings from continuing operations 606 579 573
Losses from discontinued operations, net of tax (26) (21) (1)
Net earnings $ 580 $ 558 $ 572
Net earnings (losses) per share, Basic      
Continuing operations $ 4.65 $ 4.47 $ 4.37
Discontinued operations (0.20) (0.16) 0.00
Basic net earnings per share 4.45 4.31 4.37
Net earnings (losses) per share, Diluted      
Continuing operations 4.57 4.39 4.31
Discontinued operations (0.20) (0.16) (0.01)
Diluted net earnings per share $ 4.37 $ 4.23 $ 4.30
Weighted average shares outstanding (in thousands)      
Basic 130,310 129,558 131,075
Diluted 132,776 131,742 132,969