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Condensed Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Revenue $ 37,740 $ 35,186 $ 72,953 $ 67,827
Cost of products sold 36,010 33,325 69,556 64,294
Gross margin 1,730 1,861 3,397 3,533
Operating expenses:        
Distribution, selling, general and administrative expenses 1,064 1,131 2,219 2,193
Restructuring and employee severance 12 21 44 153
Amortization and other acquisition-related costs 157 184 314 368
Impairments and (gain)/loss on disposal of assets, net 8 68 (503) 68
Litigation (recoveries)/charges, net (15) 58 3 90
Operating earnings 504 399 1,320 661
Other (income)/expense, net 21 (5) 25 (4)
Interest expense, net 76 87 152 168
Loss on Extinguishment of Debt 0 0 0 2
Earnings before income taxes 407 317 1,143 495
Provision for/(benefit from) income taxes 126 (736) 269 (675)
Net earnings 281 1,053 874 1,170
Net earnings attributable to noncontrolling interests (1) 0 (1) (2)
Net earnings attributable to Cardinal Health, Inc. $ 280 $ 1,053 $ 873 $ 1,168
Earnings per common share attributable to Cardinal Health, Inc.:        
Basic (in shares) $ 0.94 $ 3.35 $ 2.90 $ 3.70
Income (Loss) from Continuing Operations, Per Diluted Share $ 0.93 $ 3.33 $ 2.88 $ 3.68
Weighted-average number of common shares outstanding:        
Basic (in shares) 299 315 302 315
Diluted (in shares) 300 316 303 317
Cash dividends declared per common share $ 0.4763 $ 0.4624 $ 0.9526 $ 0.9248