XML 116 R41.htm IDEA: XBRL DOCUMENT v3.2.0.727
Stock Incentive Plans (Tables)
12 Months Ended
Jun. 30, 2015
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions
The fair value of each stock option and SAR award granted in 2015, 2014 and 2013 was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:

 
2015

 
2014

 
2013

Risk-free interest rate
2.0
%
 
1.55
%
 
0.8
%
Expected life of award
5.4 yrs

 
5.1 yrs

 
4.9 yrs

Expected dividend yield of stock
1.8
%
 
1.9
%
 
1.7
%
Expected volatility of stock
32.3
%
 
39.1
%
 
39.0
%
Weighted-average fair value
$
30.50

 
$
32.57

 
$
24.76

Schedule of Share-based Compensation, Stock Options, Activity
Stock option and SAR activity during 2015 is as follows (aggregate intrinsic value in millions):    
 
Number of Shares
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
Outstanding June 30, 2014
8,208,699

 
$
72.87

 
 
 
 
Granted
1,128,279

 
113.92

 
 
 
 
Exercised
(1,159,101
)
 
62.82

 
 
 
 
Canceled
(43,671
)
 
101.10

 
 
 
 
Outstanding June 30, 2015
8,134,206

 
$
79.84

 
5.2
 years
 
$
298.0

Exercisable June 30, 2015
5,824,117

 
$
69.43

 
4.0
 years
 
$
273.9

Schedule of Nonvested Share Activity
A summary of the status and changes of shares subject to stock option and SAR awards and the related average price per share follows:
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2014
2,484,971

 
$
28.89

Granted
1,128,279

 
30.50

Vested
(1,264,918
)
 
26.93

Canceled
(38,243
)
 
31.00

Nonvested June 30, 2015
2,310,089

 
$
30.71

Stock-Based Awards Exercised Disclosure
Information related to stock options and SAR awards exercised during 2015, 2014 and 2013 is as follows:

 
2015

 
2014

 
2013

Net cash proceeds
$
3,355

 
$
8,013

 
$
32,204

Intrinsic value
72,140

 
155,903

 
208,426

Income tax benefit
17,355

 
37,993

 
47,659

Schedule of Share-based Compensation, Restricted Stock Units Award Activity
A summary of the status and changes of shares subject to RSU awards and the related average price per share follows:

 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2014
471,530

 
$
94.59

Granted
211,088

 
113.02

Vested
(213,986
)
 
88.57

Canceled
(19,344
)
 
105.91

Nonvested June 30, 2015
449,288

 
$
105.63

Schedule of Nonvested Restricted Stock Units Activity
Stock issued for LTIP
 
2015

 
2014

 
2013

LTIP 3-year plan
 
2012-13-14

 
2011-12-13

 
2010-11-12

Number of shares issued
 
185,063

 
298,813

 
792,428

Average share value on date of issuance
 
$
119.06

 
$
126.17

 
$
83.64

Total value
 
$
22,034

 
$
37,701

 
$
66,278

Schedule of status and changes of LTIP shares and related average purchase price
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2014
920,096

 
$
94.83

Granted
297,728

 
120.21

Vested
(333,239
)
 
79.46

Canceled
(8,414
)
 
96.98

Nonvested June 30, 2015
876,171

 
$
109.27