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CONSOLIDATED STATEMENT OF EARNINGS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Jun. 30, 2016
Jun. 30, 2015
Jun. 30, 2014
Income Statement [Abstract]      
Net sales $ 5,761 $ 5,655 $ 5,514
Cost of products sold 3,163 3,190 3,158
Gross profit 2,598 2,465 2,356
Selling and administrative expenses 806 798 751
Advertising costs 587 523 503
Research and development costs 141 136 125
Interest expense 88 100 103
Other (income) expense, net (7) (13) (10)
Earnings from continuing operations before income taxes 983 921 884
Income taxes on continuing operations 335 315 305
Earnings from continuing operations 648 606 579
Losses from discontinued operations, net of tax 0 (26) (21)
Net earnings $ 648 $ 580 $ 558
Net earnings (losses) per share, Basic      
Continuing operations $ 5.01 $ 4.65 $ 4.47
Discontinued operations 0 (0.20) (0.16)
Basic net earnings per share 5.01 4.45 4.31
Net earnings (losses) per share, Diluted      
Continuing operations 4.92 4.57 4.39
Discontinued operations 0 (0.20) (0.16)
Diluted net earnings per share $ 4.92 $ 4.37 $ 4.23
Weighted average shares outstanding (in thousands)      
Basic 129,472 130,310 129,558
Diluted 131,717 132,776 131,742