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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2016
Mar. 31, 2015
Mar. 31, 2016
Mar. 31, 2015
Condensed Consolidated Statements of Earnings and Comprehensive Income [Abstract]        
Net sales $ 1,426 $ 1,401 $ 4,161 $ 4,098
Cost of products sold 780 796 2,290 2,343
Gross profit 646 605 1,871 1,755
Selling and administrative expenses 204 206 581 577
Advertising costs 146 124 395 372
Research and development costs 35 34 99 97
Interest expense 22 25 67 77
Other (income) expense, net 2 (1) (2) 0
Earnings from continuing operations before income taxes 237 217 731 632
Income taxes on continuing operations 78 73 248 215
Earnings from continuing operations 159 144 483 417
Earnings (losses) from discontinued operations, net of tax 3 30 0 (28)
Net earnings $ 162 $ 174 $ 483 $ 389
Basic net earnings (losses) per share        
Continuing operations $ 1.23 $ 1.09 $ 3.73 $ 3.20
Discontinued operations 0.02 0.22 0.00 (0.22)
Basic net earnings per share 1.25 1.31 3.73 2.98
Diluted net earnings (losses) per share        
Continuing operations 1.21 1.08 3.67 3.14
Discontinued operations 0.02 0.22 0.00 (0.21)
Diluted net earnings per share $ 1.23 $ 1.30 $ 3.67 $ 2.93
Weighted average shares outstanding (in thousands)        
Basic 129,690 131,833 129,463 130,566
Diluted 131,647 134,115 131,652 133,090
Dividends declared per share $ 0.77 $ 0.74 $ 2.31 $ 2.22
Comprehensive income $ 181 $ 146 $ 443 $ 325