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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
12 Months Ended
Jun. 30, 2015
Jun. 30, 2014
Jun. 30, 2013
Income Statement [Abstract]      
Revenue $ 102,531 $ 91,084 $ 101,093
Cost of products sold 96,819 85,923 96,172
Gross margin 5,712 5,161 4,921
Operating expenses:      
Distribution, selling, general and administrative expenses 3,240 3,028 2,875
Restructuring and employee severance 44 [1] 31 [2] 71 [3]
Amortization and other acquisition-related costs 281 223 158
Impairments and (gain)/loss on disposal of assets, net (19) 15 859
Litigation (recoveries)/charges, net 5 (21) (38)
Operating earnings 2,161 1,885 996
Other income, net (7) (46) (15)
Interest expense, net 141 133 123
Loss on extinguishment of debt 60 0 0
Earnings before income taxes and discontinued operations 1,967 1,798 888
Provision for income taxes 755 635 553
Earnings from continuing operations 1,212 1,163 335
Earnings/(loss) from discontinued operations, net of tax 3 3 (1)
Net earnings $ 1,215 $ 1,166 $ 334
Basic earnings per common share:      
Continuing operations (in dollars per share) $ 3.65 $ 3.41 $ 0.98
Discontinued operations (in dollars per share) 0.01 0.01 0.00
Net basic earnings per common share (in dollars per share) 3.66 3.42 0.98
Diluted earnings per common share:      
Continuing operations (in dollars per share) 3.61 3.37 0.97
Discontinued operations (in dollars per share) 0.01 0.01 0.00
Net diluted earnings per common share (in dollars per share) $ 3.62 $ 3.38 $ 0.97
Weighted-average number of common shares outstanding:      
Basic (in shares) 332 341 341
Diluted (in shares) 335 345 344
[1] The majority of the restructuring and employee severance incurred during fiscal 2015 were related to restructuring activities within our Medical segment.
[2] Includes $10 million of primarily facility exit and other costs related to the restructuring within our Medical segment described further below.
[3] Includes $30 million of employee-related costs and $10 million of facility exit and other costs related to the restructuring within our Medical segment described further below.