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CONSOLIDATED BALANCE SHEET (USD $)
In Thousands, unless otherwise specified
Dec. 31, 2011
Jun. 30, 2011
Current assets:    
Cash and cash equivalents $ 487,984 $ 657,466
Accounts receivable, net 1,828,117 1,977,856
Inventories:    
Finished products 575,319 584,683
Work in process 726,721 670,588
Raw materials 150,624 156,882
Inventory, Net, Total 1,452,664 1,412,153
Prepaid expenses 129,439 111,934
Deferred income taxes 144,819 145,847
Total current assets 4,043,023 4,305,256
Plant and equipment 4,793,516 4,944,735
Less accumulated depreciation 3,102,354 3,147,556
Property, Plant and Equipment, Net, Total 1,691,162 1,797,179
Goodwill 2,879,169 3,009,116
Intangible assets, net 1,101,020 1,177,722
Investments and other assets 613,210 597,532
Total assets 10,327,584 10,886,805
Current liabilities:    
Notes payable and long-term debt payable within one year 78,375 75,271
Accounts payable, trade 1,069,503 1,173,851
Accrued payrolls and other compensation 327,261 467,043
Accrued domestic and foreign taxes 150,896 232,774
Other accrued liabilities 494,074 442,104
Total current liabilities 2,120,109 2,391,043
Long-term debt 1,659,434 1,691,086
Pensions and other postretirement benefits 838,644 862,938
Deferred income taxes 147,123 160,035
Other liabilities 306,371 293,367
Total liabilities 5,071,681 5,398,469
Shareholders' equity:    
Serial preferred stock, $.50 par value; authorized 3,000,000 shares; none issued      
Common stock, $.50 par value; authorized 600,000,000 shares; issued 181,046,128 shares at December 31 and June 30 90,523 90,523
Additional capital 619,174 668,332
Retained earnings 7,311,219 6,891,407
Accumulated other comprehensive (loss) (765,350) (450,990)
Treasury shares, at cost; 30,143,240 shares at December 31 and 25,955,619 shares at June 30 (2,097,440) (1,815,418)
Total shareholders' equity 5,158,126 5,383,854
Noncontrolling interests 97,777 104,482
Total equity 5,255,903 5,488,336
Total liabilities and equity $ 10,327,584 $ 10,886,805