Derivative Instruments & Hedging Activities (Tables)

3 Months Ended

Sep. 30, 2011

Sep. 30, 2010

Derivative Instruments and Hedging Activities

Fair Value Of Derivatives Not Designated As Hedging Instruments

	September 30, 2011				June 30, 2011
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
FX Contracts	$	260	$	311	$	237	$	178
Interest Contracts		–		–		3		–
Commodity Contracts		2,925		2,670		2,766		2,553
Total	$	3,185	$	2,981	$	3,006	$	2,731

Pre-Tax Gains (Losses) On Derivatives Not Designated As Hedging Instruments

	Three months ended September 30,
	2011			2010
	(in millions)			(in millions)
Interest Contracts
Interest expense	$	0		$	0
Other income (expense) – net		–			(31	)
FX Contracts
Net sales and other operating income	$	16		$	(34	)
Cost of products sold		(134	)		59
Other income (expense) – net		(6	)		36
Commodity Contracts
Cost of products sold	$	620		$	(649	)
Total gain (loss) recognized in earnings	$	496		$	(619	)

Fair Value Of Derivatives Designated As Hedging Instruments

	September 30, 2011				June 30, 2011
	Assets		Liabilities		Assets		Liabilities
	(In millions)				(In millions)
Commodity Contracts	$	0	$	1	$	1	$	1
Total	$	0	$	1	$	1	$	1

Pre-Tax Gains (Losses) On Derivatives Designated As Hedging Instruments

		Three months ended
	Consolidated Statement of	September 30,
	Earnings Locations	2011			2010
		(In millions)
Effective amounts recognized in earnings
FX Contracts	Other income/expense – net	$	0		$	0
Interest Contracts	Interest expense		0			0
Commodity Contracts	Cost of products sold		0			65
	Net sales and other operating   income		2			6
Ineffective amount recognized in earnings	Cost of products sold		(1	)		17
Total amount recognized in earnings		$	1		$	88

Changes In Accumulated Other Comprehensive Income Related To Derivatives Gains (Losses)

	Three months ended
	September 30, 2011
	(In millions)
Balance at June 30, 2011	$	29
Unrealized gains		6
Gains reclassified to earnings		(3	)
Tax effect		(2	)
Balance at September 30, 2011	$	30

	Three months ended
	September 30, 2010
	(In millions)
Balance at June 30, 2010	$	30
Unrealized gains		112
Gains reclassified to earnings		(71	)
Tax effect		(15	)
Balance at September 30, 2010	$	56