XML 136 R27.htm IDEA: XBRL DOCUMENT v3.2.0.727
Schedule II - Valuation and Qualifying Accounts
 12 Months Ended
Jun. 30, 2015
Valuation and Qualifying Accounts [Abstract]  
Schedule of Valuation and Qualifying Accounts Disclosure
(in millions)
Balance at
Beginning of Period
 
Charged to Costs
and Expenses (2)
 
Charged to
Other Accounts (3)
 
Deductions (4)
 
Balance at
End of Period
Fiscal 2015
 
 
 
 
 
 
 
 
 
Accounts receivable
$
137

 
$
59

 
$
5

 
$
(66
)
 
$
135

Finance notes receivable
18

 
—

 
—

 
(4
)
 
14

Sales returns and allowances (5)
273

 
1,988

 
—

 
(1,956
)
 
305

Other
1

 
—

 
—

 
—

 
1

 
$
429

 
$
2,047

 
$
5

 
$
(2,026
)
 
$
455

 
 
 
 
 
 
 
 
 
 
Fiscal 2014
 
 
 
 
 
 
 
 
 
Accounts receivable
$
134

 
$
51

 
$
2

 
$
(50
)
 
$
137

Finance notes receivable
17

 
—

 
2

 
(1
)
 
18

Sales returns and allowances (5)
291

 
1,735

 
—

 
(1,753
)
 
273

Other
1

 
—

 
—

 
—

 
1

 
$
443

 
$
1,786

 
$
4

 
$
(1,804
)
 
$
429

 
 
 
 
 
 
 
 
 
 
Fiscal 2013
 
 
 
 
 
 
 
 
 
Accounts receivable
$
126

 
$
40

 
$
2

 
$
(34
)
 
$
134

Finance notes receivable
16

 
1

 
—

 
—

 
17

Sales returns and allowances (5)
—

 
291

 
—

 
—

 
291

Other
1

 
—

 
—

 
—

 
1

 
$
143

 
$
332

 
$
2

 
$
(34
)
 
$
443

(1)
Amounts included herein pertain to the continuing operations of the Company.
(2)
Fiscal 2015, 2014 and 2013 include $7 million, $9 million and $10 million, respectively, for reserves related to customer pricing disputes, excluded from provision for bad debts on the consolidated statements of cash flows and classified as a reduction in gross margin in the consolidated statements of earnings.
(3)
Recoveries of amounts provided for or written off in prior years were $1 million, $3 million and $1 million for fiscal 2015, 2014 and 2013, respectively.
(4)
Write-off of uncollectible accounts or actual sales returns.
(5)
Effective June 30, 2013, we prospectively updated our policy to accrue for estimated sales returns and allowances at the time of sale based upon historical customer return trends, margin rates and processing costs. Prior to this change in policy, we recognized sales returns as a reduction of revenue and cost of products sold for the sales price and cost, respectively, when products were returned.