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CONSOLIDATED STATEMENT OF EARNINGS - USD ($)
shares in Thousands, $ in Millions
12 Months Ended
Jun. 30, 2017
Jun. 30, 2016
Jun. 30, 2015
Income Statement [Abstract]      
Net sales $ 5,973 $ 5,761 $ 5,655
Cost of products sold 3,302 3,163 3,190
Gross profit 2,671 2,598 2,465
Selling and administrative expenses 810 806 798
Advertising costs 599 587 523
Research and development costs 135 141 136
Interest expense 88 88 100
Other (income) expense, net 6 (7) (13)
Earnings from continuing operations before income taxes 1,033 983 921
Income taxes on continuing operations 330 335 315
Earnings from continuing operations 703 648 606
Losses from discontinued operations, net of tax (2) 0 (26)
Net earnings $ 701 $ 648 $ 580
Basic      
Basic continuing operations (in dollars per share) $ 5.45 $ 5.01 $ 4.65
Basic discontinued operations (in dollars per share) (0.02) 0.00 (0.20)
Basic net earnings per share (in dollars per share) 5.43 5.01 4.45
Diluted      
Diluted continuing operations (in dollars per share) 5.35 4.92 4.57
Diluted discontinued operations (in dollars per share) (0.02) 0.00 (0.20)
Diluted net earnings per share (in dollars per share) $ 5.33 $ 4.92 $ 4.37
Weighted Average Number of Shares Outstanding, Diluted [Abstract]      
Weighted average shares outstanding - basic (in shares) 128,953 129,472 130,310
Weighted average shares outstanding - diluted (in shares) 131,566 131,717 132,776