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Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data
12 Months Ended
Jun. 30, 2011
Jun. 30, 2010
Jun. 30, 2009
Net sales and other operating income $ 80,676 $ 61,682 $ 69,207
Cost of products sold 76,376 57,839 65,118
Gross Profit 4,300 3,843 4,089
Selling, general and administrative expenses 1,611 1,398 1,412
Interest expense 482 422 469
Equity in earnings of unconsolidated affiliates (542) (561) (145)
Interest income (136) (126) (181)
Other (income) expense - net (130) 125 34
Earnings Before Income Taxes 3,015 2,585 2,500
Income taxes 997 666 812
Net Earnings Including Noncontrolling Interests 2,018 1,919 1,688
Less: Net earnings (losses) attributable to noncontrolling interests (18) (11) 4
Net Earnings Attributable to Controlling Interests $ 2,036 $ 1,930 $ 1,684
Average number of shares outstanding - basic (in shares) 642 643 643
Average number of shares outstanding - diluted (in shares) 654 644 644
Basic earnings per common share (in dollars per share) $ 3.17 $ 3.00 $ 2.62
Diluted earnings per common share (in dollars per share) $ 3.13 $ 3.00 $ 2.62