Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2016	Jun. 30, 2015
Current assets
Cash and cash equivalents	$ 414	$ 382
Receivables, net	530	519
Inventories, net	460	385
Other current assets	186	143
Total current assets	1,590	1,429
Property, plant and equipment, net of accumulated depreciation and amortization of $1,907 and $1,839, respectively	887	918
Goodwill	1,059	1,067
Trademarks, net	528	535
Other intangible assets, net	45	50
Other assets	175	165
Total assets	4,284	4,164
Current liabilities
Notes and loans payable	432	95
Current maturities of long-term debt	0	300
Accounts payable	436	431
Accrued liabilities	519	548
Income taxes payable	0	31
Total current liabilities	1,387	1,405
Long-term debt	1,796	1,796
Other liabilities	735	750
Deferred income taxes	107	95
Total liabilities	$ 4,025	$ 4,046
Commitments and contingencies
Stockholders' equity
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding	$ 0	$ 0
Common stock: $1.00 par value; 750,000,000 shares authorized; 158,741,461 shares issued at both March 31, 2016 and June 30, 2015; and 129,296,653 and 128,614,310 shares outstanding at March 31, 2016 and June 30, 2015, respectively	159	159
Additional paid-in capital	846	775
Retained earnings	2,103	1,923
Treasury shares, at cost: 29,444,808 and 30,127,151 shares at March 31, 2016 and June 30, 2015, respectively	(2,307)	(2,237)
Accumulated other comprehensive net loss	(542)	(502)
Stockholders' equity	259	118
Total liabilities and stockholders' equity	$ 4,284	$ 4,164