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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Cash flows from operating activities:      
Net earnings $ 612 $ (3,693) $ 1,365
Adjustments to reconcile net earnings/(loss) to net cash provided by operating activities:      
Depreciation and amortization 783 913 1,000
Loss on Sale of Investments 0 0 3
Gain (Loss) on Sale of Investments (2) 579 0
Impairments and (gain)/loss on disposal of assets, net 79 7 (488)
Loss on early extinguishment of debt 14 16 0
Share-based compensation 89 90 82
Provision for/(benefit from) deferred income taxes 496 (961) (83)
Provision for bad debts 65 106 88
Change in operating assets and liabilities, net of effects from acquisitions and divestitures:      
(Increase)/decrease in trade receivables (904) 82 (751)
Increase in inventories (1,584) (409) (551)
Increase/(decrease) in accounts payable 2,325 (162) 1,864
Other accrued liabilities and operating items, net 452 6,550 193
Net cash provided by operating activities 2,429 1,960 2,722
Cash flows from investing activities:      
Acquisition of subsidiaries, net of cash acquired (3) 0 (82)
Additions to property and equipment (400) (375) (328)
Purchase of other investments (22) (20) (18)
Proceeds from sale of investments 47 886 3
Proceeds from divestitures, net of cash sold, and disposal of property and equipment 0 2 763
Net cash provided by/(used in) investing activities (378) 493 338
Cash flows from financing activities:      
Net change in short-term borrowings 0 (2) 0
Proceeds from interest rate swap terminations 18 112 0
Reduction of long-term obligations (570) (1,399) (1,102)
Net tax proceeds/(withholding) from share-based compensation 8 8 (14)
Dividends on common shares (573) (569) (577)
Purchase of treasury shares (200) (350) (600)
Net cash used in financing activities (1,317) (2,200) (2,293)
Effect of exchange rates changes on cash and equivalents 11 (13) 1
Cash reclassified to assets held for sale (109) 0 0
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect 636 240 768
Cash and equivalents at beginning of period 2,771 2,531 1,763
Cash and equivalents at end of period 3,407 2,771 2,531
Supplemental Information:      
Cash payments for interest 182 226 285
Cash payments for income taxes $ 273 $ 368 $ 311