Employee Benefit Plans (Tables)

6 Months Ended

12 Months Ended

Dec. 31, 2012

Jun. 30, 2012

Jun. 30, 2011


		Pension Benefits				Postretirement Benefits
(In millions)		Six Months Ended December 31				Six Months Ended December 31
		2012		2011		2012		2011
			(Unaudited)				(Unaudited)
Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during
the period)	$	44	$	36	$	4	$	3
Interest cost		61		65		6		6
Expected return on plan assets		(75)		(70)		-		-
Settlement charges		68		0		-		-
Amortization of actuarial loss		42		24		-		-
Other amortization		2		2		-		-
Net periodic defined benefit plan expense		142		57		10		9
Defined contribution plans		23		23		-		-
Total retirement plan expense	$	165	$	80	$	10	$	9



	Pension Benefits						Postretirement Benefits
	Year Ended June 30,						Year Ended June 30,
(In millions)	2012			2011		2010	2012			2011		2010

Retirement plan expense
Defined benefit plans:
Service cost (benefits earned during
the period)	$	71	$	71	$	58	$	7	$	8	$	9
Interest cost		130		120		119		12		13		16
Expected return on plan assets		(141)		(132)		(117)		-		-		-
Remeasurement charge⁽¹⁾		30		-		-		4		-		-
Amortization of actuarial loss		52		59		31		-		-		5
Other amortization		5		5		6		(2)		(1)		(1)
Net periodic defined benefit plan expense		147		123		97		21		20		29
Defined contribution plans		45		43		40		-		-		-
Total retirement plan expense	$	192	$	166	$	137	$	21	$	20	$	29

⁽¹⁾	See Note 19

Changes In Defined Benefit Obligation And Fair Value Of Defined Benefit Plan Assets



	Pension Benefits						Postretirement Benefits
	December 31		June 30		June 30		December 31		June 30		June 30
	2012		2012			2011	2012		2012			2011
	(In millions)						(In millions)

Benefit obligation, beginning	$	3,095	$	2,470	$	2,299	$	305	$	229	$	224
Service cost		44		71		71		4		7		8
Interest cost		61		130		120		6		12		13
Actuarial loss (gain)		(4)		569		(63)		7		74		(32)
Employee contributions		1		2		2		-		-		-
Curtailments		(12)		-		-		-		-		-
Settlements		(204)		-		-		-		-		-
Remeasurement charge		-		30		-		-		4		-
Business combinations		-		-		36		-		-		22
Benefits paid		(53)		(102)		(90)		(5)		(8)		(6)
Plan amendments		-		2		(9)		(109)		(13)		-
Actual expenses		(1)		-		-		-		-		-
Foreign currency effects		27		(77)		104		-		-		-
Benefit obligation, ending	$	2,954	$	3,095	$	2,470	$	208	$	305	$	229

Fair value of plan assets, beginning	$	2,236	$	2,134		1,721	$	-	$	-		-
Actual return on plan assets		161		140		283		-		-		-
Employer contributions		31		123		116		5		8		6
Employee contributions		1		2		2		-		-		-
Settlements		(224)		-		-		-		-		-
Business combinations		-		-		22		-		-		-
Benefits paid		(53)		(102)		(90)		(5)		(8)		(6)
Actual expenses		(1)		-		-		-		-		-
Foreign currency effects		23		(61)		80		-		-		-
Fair value of plan assets, ending	$	2,174	$	2,236	$	2,134	$	-	$	-	$	-

Funded status	$	(780)	$	(859)	$	(336)	$	(208)	$	(305)	$	(229)

Prepaid benefit cost	$	52	$	25	$	51	$	-	$	-	$	-
Accrued benefit liability – current		(14)		(14)		(16)		(13)		(11)		(8)
Accrued benefit liability – long-term		(818)		(870)		(371)		(195)		(294)		(221)
Net amount recognized in the balance sheet	$	(780)	$	(859)	$	(336)	$	(208)	$	(305)	$	(229)

Principal Assumptions In Developing Net Periodic Pension Cost



	Pension Benefits						Postretirement Benefits
	December 31		June 30		June 30		December 31		June 30		June 30
	2012		2012		2011		2012		2012		2011
Discount rate	4.0	%	5.5	%	5.2	%	4.0	%	5.5	%	5.4	%
Expected return on plan assets	7.0	%	7.1	%	7.1	%	N/A		N/A		N/A
Rate of compensation increase	3.9	%	3.9	%	3.9	%	N/A		N/A		N/A

Principal Assumptions In Developing Year-End Actuarial Present Value Of The Projected Benefit Obligation



	Pension Benefits						Postretirement Benefits
	December 31		June 30		June 30		December 31		June 30		June 30
	2012		2012		2011		2012		2012		2011
Discount rate	3.9	%	4.0	%	5.5	%	3.6	%	4.0	%	5.5	%
Rate of compensation increase	3.9	%	4.0	%	3.9	%	N/A		N/A		N/A

Impact Of 1% Change In Assumed Health Care Cost Trend Rates

Schedule Of Fair Value Of Plan Assets



	Fair Value Measurements at December 31, 2012
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In millions)
Common stock
U.S. companies	$	182	$	-	$	-	$	182
International companies		1		-		-		1
Equity mutual funds
Emerging markets		81		-		-		81
International		110		-		-		110
Large cap U.S.		386		-		-		386
Other		1		-		-		1
Common collective trust
funds
International equity		-		406		-		406
Large cap U.S. equity		-		17		-		17
Fixed income		-		373		-		373
Other		-		47		-		47
Debt instruments
Corporate bonds		-		437		-		437
U.S. Treasury
instruments		90		-		-		90
U.S. government agency,
state and local
government bonds		-		39		-		39
Other		-		4		-		4
Total assets at fair value	$	851	$	1,323	$	-	$	2,174



	Fair Value Measurements at June 30, 2012
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In millions)
Common stock
U.S. companies	$	184	$	-	$	-	$	184
International companies		2		-		-		2
Equity mutual funds
Emerging markets		77		-		-		77
International		109		-		-		109
Large cap U.S.		415		-		-		415
Common collective trust
funds
International equity		-		372		-		372
Large cap U.S. equity		-		16		-		16
Fixed income		-		409		-		409
Other		-		59		-		59
Debt instruments
Corporate bonds		-		447		-		447
U.S. Treasury instruments		108		-		-		108
U.S. government agency,
state and local government
bonds		-		33		-		33
Other		-		5		-		5
Total assets at fair value	$	895	$	1,341	$	-	$	2,236



	Fair Value Measurements at June 30, 2011
	Quoted Prices in
	Active Markets		Significant Other		Significant
	for Identical		Observable		Unobservable
	Assets		Inputs		Inputs
	(Level 1)		(Level 2)		(Level 3)		Total
	(In millions)
Common stock
U.S. companies	$	180	$	-	$	-	$	180
International companies		5		-		-		5
Equity mutual funds
Emerging markets		70		-		-		70
International		99		-		-		99
Large cap U.S.		378		-		-		378
Other		1		-		-		1
Common collective trust funds
International equity		-		341		-		341
Large cap U.S. equity		-		24		-		24
Fixed income		-		444		-		444
Other		-		60		-		60
Debt instruments
Corporate bonds		-		442		-		442
U.S. Treasury instruments		49		-		-		49
U.S. government agency,
state and local government
bonds		-		35		-		35
Other		-		6		-		6
Total assets at fair value	$	782	$	1,352	$	-	$	2,134

Actual Asset Allocation For Global Pension Plan Assets

	December 31		June 30		June 30
	2012⁽¹⁾⁽²⁾		2012⁽²⁾		2011⁽²⁾

Equity securities	52	%	51	%	52	%
Debt securities	47	%	48	%	47	%
Other	1	%	1	%	1	%
Total	100	%	100	%	100	%

⁽¹⁾ The Company’s U.S. pension plans contain approximately 67% of the Company’s global pension plan assets. The actual asset allocation for the Company’s U.S. pension plans as of the measurement date consists of 60% equity securities and 40% debt securities. The target asset allocation for the Company’s U.S. pension plans is the same as the actual asset allocation. The actual asset allocation for the Company’s foreign pension plans as of the measurement date consists of 36% equity securities, 61% debt securities, and 3% in other investments. The target asset allocation for the Company’s foreign pension plans is approximately the same as the actual asset allocation.

⁽²⁾ The Company’s pension plans did not hold any shares of Company common stock as of the December 31, 2012 and June 30, 2012 and 2011 measurement dates. Cash dividends received on shares of Company common stock by these plans during the six-month period ended December 31, 2012 and twelve-month period ended June 30, 2012 and 2011, were $0, $0, and $0.1 million, respectively.

Expected Future Benefit Payments To Be Paid



	Pension		Postretirement
	Benefits		Benefits
	(In millions)

2013	$	112	$	13
2014		115		11
2015		118		11
2016		121		12
2017		125		12
2018-2022		696		65

1% Increase

1% Decrease

(In millions)

Effect on combined service and interest cost components

Effect on accumulated postretirement benefit obligations