INVENTORIES

12 Months Ended

Jun. 30, 2017

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following as of June 30:

	2017			2016
Finished goods	$	363		$	361
Raw materials and packaging	119			111
Work in process	3			3
LIFO allowances	(26		)	(32		)
Total	$	459		$	443

The last-in, first-out (LIFO) method was used to value approximately 37% and 38% of inventories as of June 30, 2017 and 2016, respectively. The carrying values for all other inventories are determined on the first-in, first-out (FIFO) method. The effect on earnings of the liquidation of LIFO layers was insignificant for each of the fiscal years ended June 30, 2017, 2016 and 2015.