XML 40 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Condensed Consolidated Statements of Earnings (USD $)
In Millions, except Per Share data, unless otherwise specified
3 Months Ended
Sep. 30, 2012
Sep. 30, 2011
Income Statement [Abstract]    
Revenue $ 25,889 $ 26,792
Cost of products sold 24,730 25,708
Gross margin 1,159 1,084
Operating expenses:    
Distribution, selling, general and administrative expenses 690 644
Restructuring and employee severance 5 3
Acquisition-related costs 28 27
Impairments and loss on disposal of assets 1 1
Litigation (recoveries)/charges, net (22) (3)
Operating earnings 457 412
Other (income)/expense, net (8) 4
Interest expense, net 26 23
Earnings before income taxes and discontinued operations 439 385
Provision for income taxes 167 148
Earnings from continuing operations 272 237
Loss from discontinued operations, net of tax (1) 0
Net earnings $ 271 $ 237
Basic earnings per Common Share:    
Continuing operations $ 0.80 $ 0.69
Discontinued operations $ 0.00 $ 0.00
Net basic earnings per Common Share $ 0.80 $ 0.69
Diluted earnings per Common Share:    
Continuing operations $ 0.79 $ 0.68
Discontinued operations $ 0.00 $ 0.00
Net diluted earnings per Common Share $ 0.79 $ 0.68
Weighted-average number of Common Shares outstanding:    
Weighted-average Common Shares-basic 341 345
Weighted-average Common Shares-diluted 344 349
Cash dividends declared per Common Share $ 0.2375 $ 0.215