INVENTORIES

12 Months Ended

Jun. 30, 2016

Inventory Disclosure [Abstract]

INVENTORIES

NOTE 4. INVENTORIES

Inventories consisted of the following as of June 30:

	2016			2015
Finished goods	$	361		$	316
Raw materials and packaging		111			101
Work in process		3			3
LIFO allowances		(32	)		(35	)
Total	$	443		$	385

The last-in, first-out (LIFO) method was used to value approximately 38% of inventories as of June 30, 2016 and 2015, respectively. The carrying values for all other inventories are determined on the first-in, first-out (FIFO) method. The effect on earnings of the liquidation of LIFO layers was a benefit of $0, $0 and $2 for the fiscal years ended June 30, 2016, 2015 and 2014, respectively.