UNAUDITED QUARTERLY DATA

12 Months Ended

Jun. 30, 2016

Quarterly Financial Data [Abstract]

UNAUDITED QUARTERLY DATA

NOTE 22. UNAUDITED QUARTERLY DATA

Dollars in millions, except market price and per share data	Quarters Ended
	September 30			December 31			March 31		June 30		Total Year
Fiscal year ended June 30, 2016
Net sales	$	1,390		$	1,345		$	1,426	$	1,600	$	5,761
Cost of products sold		765			745			780		873		3,163
Earnings from continuing operations		173			151			159		165		648
(Losses) earnings from discontinued operations,
net of tax		(1	)		(2	)		3		-		-
Net earnings		172			149			162		165		648
Per common share:
Basic
Continuing operations	$	1.34		$	1.16		$	1.23	$	1.28	$	5.01
Discontinued operations		(0.01	)		(0.01	)		0.02		-		-
Basic net earnings per share	$	1.33		$	1.15		$	1.25	$	1.28	$	5.01
Diluted
Continuing operations	$	1.32		$	1.14		$	1.21	$	1.26	$	4.92
Discontinued operations		(0.01	)		(0.01	)		0.02		-		-
Diluted net earnings per share	$	1.31		$	1.13		$	1.23	$	1.26	$	4.92
Dividends declared per common share	$	0.77		$	0.77		$	0.77	$	0.80	$	3.11
Market price (NYSE)
High	$	119.75		$	131.78			132.19	$	138.41	$	138.41
Low		104.26			114.06			122.40		119.23		104.26
Year-end												138.39
Fiscal year ended June 30, 2015
Net sales	$	1,352		$	1,345		$	1,401	$	1,557	$	5,655
Cost of products sold		774			773			796		847		3,190
Earnings from continuing operations		145			128			144		189		606
Losses from discontinued operations,
net of tax		(55	)		(3	)		30		2		(26	)
Net earnings		90			125			174		191		580
Per common share:
Basic
Continuing operations	$	1.12		$	0.98		$	1.09	$	1.46	$	4.65
Discontinued operations		(0.42	)		(0.02	)		0.22		0.02		(0.20	)
Basic net earnings per share	$	0.70		$	0.96		$	1.31	$	1.48	$	4.45
Diluted
Continuing operations	$	1.10		$	0.97		$	1.08	$	1.44	$	4.57
Discontinued operations		(0.42	)		(0.02	)		0.22		0.02		(0.20	)
Diluted net earnings per share	$	0.68		$	0.95		$	1.30	$	1.46	$	4.37
Dividends declared per common share	$	0.74		$	0.74		$	0.74	$	0.77	$	2.99
Market price (NYSE)
High	$	112.70		$	112.65		$	106.36	$	98.31	$	112.70
Low		103.77			102.95			95.19		86.03		86.03
Year-end												104.02