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Stock Incentive Plans (Tables)
12 Months Ended
Jun. 30, 2016
Schedule of Share-based Payment Award, Stock Options and SARs, Valuation Assumptions
The fair value of each stock option and SAR award granted in 2016, 2015 and 2014 was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:

 
2016

 
2015

 
2014

Risk-free interest rate
1.9
%
 
2.0
%
 
1.55
%
Expected life of award
5.4 yrs

 
5.4 yrs

 
5.1 yrs

Expected dividend yield of stock
1.9
%
 
1.8
%
 
1.9
%
Expected volatility of stock
28.7
%
 
32.3
%
 
39.1
%
Weighted-average fair value
$
26.88

 
$
30.50

 
$
32.57

Schedule of Share-based Compensation, Stock Options and SARs, Activity
Stock option and SAR activity during 2016 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, 2015
8,134,206

 
$
79.84

 
 
 
 
Granted
968,445

 
113.23

 
 
 
 
Exercised
(945,191
)
 
67.65

 
 
 
 
Canceled
(101,012
)
 
108.32

 
 
 
 
Outstanding June 30, 2016
8,056,448

 
$
84.93

 
5.3 years
 
$
199.2

Exercisable June 30, 2016
6,018,552

 
$
75.80

 
4.3 years
 
$
198.4

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, 2015
2,310,089

 
$
30.71

Granted
968,445

 
26.88

Vested
(1,164,552
)
 
29.80

Canceled
(76,086
)
 
29.31

Nonvested June 30, 2016
2,037,896

 
$
29.46

Stock-Based Awards Exercised Disclosure
Information related to stock option and SAR awards exercised during 2016, 2015 and 2014 is as follows:

 
2016

 
2015

 
2014

Net cash proceeds
$
126

 
$
3,355

 
$
8,013

Intrinsic value
40,612

 
72,140

 
155,903

Income tax benefit
7,188

 
17,355

 
37,993

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, 2015
449,288

 
$
105.63

Granted
180,487

 
113.19

Vested
(210,777
)
 
100.45

Canceled
(44,830
)
 
108.68

Nonvested June 30, 2016
374,168

 
$
111.82

Schedule of status and changes of LTIP shares and related fair value
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2015
876,171

 
$
109.27

Granted
262,032

 
88.63

Vested
(298,105
)
 
93.05

Canceled
(26,336
)
 
115.60

Nonvested June 30, 2016
813,762

 
$
108.37

Stock issued for LTIP
 
2016

 
2015

 
2014

LTIP three-year plan
 
2013-14-15

 
2012-13-14

 
2011-12-13

Number of shares issued
 
175,291

 
185,063

 
298,813

Average share value on date of issuance
 
$
113.91

 
$
119.06

 
$
126.17

Total value
 
$
19,967

 
$
22,034

 
$
37,701