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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Dec. 31, 2016
Dec. 31, 2015
Revenue $ 33,150 $ 31,445 $ 65,189 $ 59,499
Cost of products sold 31,548 29,836 61,997 56,311
Gross margin 1,602 1,609 3,192 3,188
Operating expenses:        
Distribution, selling, general, and administrative expenses 910 922 1,831 1,764
Restructuring and employee severance 7 2 16 14
Amortization and other acquisition-related costs 115 114 237 219
Impairments and loss on disposal of assets, net 9 17 12 17
Litigation (recoveries)/charges, net 19 (9) 20 (9)
Operating earnings 542 563 1,076 1,183
Other (income)/expense, net 7 (2) 3 6
Interest expense, net 44 45 88 90
Earnings before income taxes 491 520 985 1,087
Provision for income taxes 167 194 351 377
Net earnings 324 326 634 710
Net earnings attributable to noncontrolling interests 0 0 (1) (1)
Net earnings attributable to Cardinal Health, Inc. $ 324 $ 326 $ 633 $ 709
Earnings per common share attributable to Cardinal Health, Inc.:        
Basic (in shares) $ 1.02 $ 0.99 $ 1.99 $ 2.16
Diluted (in shares) $ 1.02 $ 0.98 $ 1.97 $ 2.14
Weighted-average number of common shares outstanding:        
Basic (in shares) 318 329 319 329
Diluted (in shares) 319 332 321 332
Cash dividends declared per common share $ 0.4489 $ 0.3870 $ 0.8978 $ 0.7740