Selected Quarterly Financial Data (Unaudited)

12 Months Ended

Jun. 30, 2017

Quarterly Financial Information Disclosure [Abstract]

Selected Quarterly Financial Data (Unaudited)

17. Selected Quarterly Financial Data (Unaudited)

The following is selected quarterly financial data for fiscal 2017 and 2016. 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
Fiscal 2017
Revenue	$	32,039		$	33,150	$	31,821		$	32,966
Gross margin (1)	1,590			1,602		1,728			1,623
Distribution, selling, general and administrative expenses	920			910		960			983
Earnings from continuing operations	310			324		382			278
Earnings from discontinued operations, net of tax	—			—		—			—
Net earnings	310			324		382			278
Less: Net earnings attributable to noncontrolling interests	(1		)	—		(1		)	(4		)
Net earnings attributable to Cardinal Health, Inc.	309			324		381			274
Net earnings from continuing operations attributable to Cardinal Health, Inc. per common share:
Basic	$	0.97		$	1.02	$	1.21		$	0.87
Diluted	0.96			1.02		1.20			0.86

(1) Gross margin is impacted by LIFO benefit/(charges) of $9 million and ($9) million in the second and third quarter, respectively. We did not have LIFO benefits/(charges) in the fourth quarter.

(in millions, except per common share amounts)	First Quarter			Second Quarter		Third Quarter		Fourth Quarter
Fiscal 2016
Revenue	$	28,055		$	31,445	$	30,662	$	31,384
Gross margin (2)	1,579			1,609		1,689		1,665
Distribution, selling, general and administrative expenses	842			922		914		970
Earnings from continuing operations	384			326		386		335
Earnings from discontinued operations, net of tax	—			—		—		—
Net earnings	384			326		386		335
Less: Net earnings attributable to noncontrolling interests	(1		)	—		—		(2		)
Net earnings attributable to Cardinal Health, Inc.	383			326		386		333
Net earnings from continuing operations attributable to Cardinal Health, Inc. per common share:
Basic	$	1.17		$	0.99	$	1.18	$	1.03
Diluted	1.15			0.98		1.17		1.02

(2) Gross margin is impacted by LIFO benefit/(charges) of ($39) million, ($12) million and $51 million in the second, third and fourth quarter, respectively.