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CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
12 Months Ended
Jun. 30, 2016
USD ($)
Jun. 30, 2015
USD ($)
Jun. 30, 2014
USD ($)
Operating activities:      
Net earnings $ 648 $ 580 $ 558
Deduct: Losses from discontinued operations, net of tax 0 (26) (21)
Earnings from continuing operations 648 606 579
Adjustments to reconcile earnings from continuing operations to net cash provided by continuing operations:      
Depreciation and amortization 165 169 177
Stock-based compensation 45 32 36
Deferred income taxes 5 (16) (21)
Settlement of interest rate forward contracts 0 (25) 0
Other 1 (17) 6
Changes in:      
Receivables, net (52) 6 20
Inventories, net (45) (25) 1
Other current assets 6 6 5
Accounts payable and accrued liabilities 57 93 (12)
Income taxes payable (62) 29 (5)
Net cash provided by continuing operations 768 858 786
Net cash provided by (used for) discontinued operations 10 16 (19)
Net cash provided by operations 778 874 767
Investing activities:      
Capital expenditures (172) (125) (137)
Business acquired, net of cash acquired (290) 0 0
Other 32 19 0
Net cash used for investing activities from continuing operations (430) (106) (137)
Net cash used for investing activities by discontinued operations 0 0 (1)
Net cash used for investing activities (430) (106) (138)
Financing activities:      
Notes and loans payable, net 426 (48) (60)
Long-term debt borrowings, net of issuance costs 0 495 0
Long-term debt repayments (300) (575) 0
Treasury stock purchased (254) (434) (260)
Cash dividends paid (398) (385) (368)
Issuance of common stock for employee stock plans and other 210 251 96
Net cash used for financing activities (316) (696) (592)
Effect of exchange rate changes on cash and cash equivalents (13) (19) (7)
Net increase in cash and cash equivalents 19 53 30
Cash and cash equivalents:      
Beginning of year 382 329 299
End of year 401 382 329
Supplemental cash flow information:      
Interest paid 79 104 76
Income taxes paid, net of refunds 323 236 312
Noncash financing activities:      
Cash dividends declared and accrued, but not paid $ 104 $ 99 $ 95