SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2016

Accounting Policies [Abstract]

Components of Cash and Cash Equivalents

The Company’s cash holdings were as follows as of June 30:

	2016		2015
U.S. dollar balances held by U.S. dollar functional currency subsidiaries and at parent	$	249	$	221
Non-U.S. dollar balances held by non-U.S. dollar functional currency subsidiaries		133		142
U.S. dollar balances held by non-U.S. dollar functional currency subsidiaries		19		19
Non-U.S. dollar balances held by U.S. dollar functional currency subsidiaries		-		-
Total	$	401	$	382

Useful Lives of Property, Plant and Equipment

The table below provides estimated useful lives of property, plant and equipment by asset classification.

	Estimated Useful Lives
Buildings and leasehold improvements	10 - 40 years
Land improvements	10 - 30 years
Machinery and equipment	3 - 15 years
Computer equipment	3 - 5 years
Capitalized software costs	3 - 7 years