Selected Quarterly Financial Data (Unaudited) (Tables)

12 Months Ended

Jun. 30, 2014

Quarterly Financial Information Disclosure [Abstract]

Schedule of Quarterly Financial Information

The following is selected quarterly financial data for fiscal 2014 and 2013. The sum of the quarters may not equal year-to-date due to rounding.

(in millions, except per common share amounts)	First Quarter			Second Quarter		Third Quarter		Fourth Quarter (1)
Fiscal 2014
Revenue	$	24,523		$	22,240	$	21,427	$	22,894
Gross margin	1,264			1,345		1,297		1,256
Distribution, selling, general and administrative expenses	732			766		736		795
Earnings from continuing operations	340			275		315		234
Earnings/(loss) from discontinued operations	(1		)	3		—		—
Net earnings	339			278		315		234
Earnings from continuing operations per common share:
Basic	$	1.00		$	0.80	$	0.92	$	0.69
Diluted	0.99			0.79		0.91		0.68

(in millions, except per common share amounts)	First Quarter			Second Quarter		Third Quarter			Fourth Quarter (2)
Fiscal 2013
Revenue	$	25,889		$	25,232	$	24,552		$	25,420
Gross margin	1,159			1,224		1,291			1,247
Distribution, selling, general and administrative expenses	690			699		712			775
Earnings/(loss) from continuing operations	272			303		346			(586		)
Loss from discontinued operations, net of tax	(1		)	—		(1		)	—
Net earnings/(loss)	271			303		345			(586		)
Earnings/(loss) from continuing operations per common share:
Basic	$	0.80		$	0.89	$	1.01		$	(1.72	)
Diluted (3)	0.79			0.88		1.00			(1.72		)

(1) During the fourth quarter of fiscal 2014, we recorded an out-of-period decrease in revenue of $14 million related to customer pricing adjustments, of which $1 million pertained to each of the first three quarters of fiscal 2014 and each quarter of fiscal 2013. The amounts were not material individually or in the aggregate to current or prior periods.

(2) During the fourth quarter of fiscal 2013, we recorded an out-of-period increase in income tax expense of $14 million related to uncertain tax benefits, of which generally less than $1 million pertained to the each of the first three quarters of fiscal 2013. The amounts were not material individually or in the aggregate to current or prior periods.

(3) Due to the loss from continuing operations incurred during the fourth quarter of fiscal 2013, potential dilutive common shares have not been included in the denominator of the diluted per share computation for this period due to their antidilutive effect.