VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

12 Months Ended

Jun. 30, 2016

Valuation and Qualifying Accounts [Abstract]

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (Dollars in millions)

Column A	Column B			Column C			Column D				Column E
				Additions			Deductions
Description	Balance at beginning of period			Charged to costs and expenses			Credited to costs and expenses		Credited to other accounts		Balance at end of period
Allowance for doubtful accounts
Year ended June 30, 2016	$	(4	)	$	(1	)	$	-	$	-	$	(5	)
Year ended June 30, 2015		(3	)		(1	)		-		-		(4	)
Year ended June 30, 2014		(5	)		-			2		-		(3	)
LIFO allowance
Year ended June 30, 2016	$	(34	)	$	(1	)	$	-	$	3	$	(32	)
Year ended June 30, 2015		(36	)		-			-		2		(34	)
Year ended June 30, 2014		(40	)		-			3		1		(36	)
Valuation allowance on deferred tax assets
Year ended June 30, 2016	$	(34	)	$	(5	)	$	-	$	2	$	(37	)
Year ended June 30, 2015		(51	)		(4	)		-		21		(34	)
Year ended June 30, 2014		(36	)		(25	)		-		10		(51	)