COMPREHENSIVE INCOME

3 Months Ended

Sep. 30, 2016

Stockholders' Equity Note [Abstract]

COMPREHENSIVE INCOME

NOTE 8. COMPREHENSIVE INCOME

Comprehensive income was as follows for the periods indicated:

	Three Months Ended
	9/30/2016			9/30/2015
Earnings from continuing operations	$	179		$	173
Earnings (losses) from discontinued operations, net of tax		-			(1	)
Net earnings		179			172
Other comprehensive income (loss), net of tax:
Foreign currency translation adjustments		(1	)		(43	)
Net unrealized gains (losses) on derivatives		3			3
Pension and postretirement benefit adjustments		1			1
Total other comprehensive income (loss), net of tax		3			(39	)
Comprehensive income	$	182		$	133

Changes in Accumulated other comprehensive net (losses) income by component were as follows for the three months ended September 30:

	Foreign currency translation adjustments			Net unrealized gains (losses) on derivatives			Pension and postretirement benefit adjustments			Accumulated other comprehensive (losses) income
Balance as of June 30, 2015	$	(300	)	$	(53	)	$	(149	)	$	(502	)
Other comprehensive (loss) income before
reclassifications		(41	)		-			-			(41	)
Amounts reclassified from accumulated other
comprehensive net losses		-			3			1			4
Income tax benefit (expense)		(2	)		-			-			(2	)
Net current period other comprehensive income (loss)		(43	)		3			1			(39	)
Balance as of September 30, 2015	$	(343	)	$	(50	)	$	(148	)	$	(541	)
Balance as of June 30, 2016	$	(353	)	$	(44	)	$	(173	)	$	(570	)
Other comprehensive (loss) income before
reclassifications		(1	)		-			-			(1	)
Amounts reclassified from accumulated other
comprehensive net losses		-			4			2			6
Income tax benefit (expense)		-			(1	)		(1	)		(2	)
Net current period other comprehensive income (loss)		(1	)		3			1			3
Balance as of September 30, 2016	$	(354	)	$	(41	)	$	(172	)	$	(567	)

Included in foreign currency translation adjustments are re-measurement losses on long-term intercompany loans where settlement is not planned or anticipated in the foreseeable future. For the three months ended September 30, 2016 and 2015, Other comprehensive income (loss) on these loans totaled $0 and $(5), respectively, and there were no amounts reclassified from Accumulated other comprehensive net (losses) income.