POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN (TABLES)

12 Months Ended

Jun. 30, 2011

Notes to Financial Statements [Abstract]

Reconciliation of Benefit Obligations and Plan Assets of Defined Benefit Retirement Plans and Other Retiree Benefit Plans

Obligation and Funded Status. The following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans:



	Pension Benefits⁽¹⁾						Other Retiree Benefits⁽²⁾
Years ended June 30	2011			2010			2011			2010
CHANGE IN BENEFIT OBLIGATION
Benefit obligation at beginning of year⁽³⁾	$	11,245		$	10,016		$	4,778		$	3,928
Service cost	270			218			146			103
Interest cost	588			579			270			253
Participants' contributions	21			19			67			58
Amendments	93			66			7			—
Actuarial loss/(gain)	(633		)	1,738			(235		)	633
Acquisitions/(divestitures)	—			(13		)	—			—
Curtailments and settlements	—			4			—			—
Special termination benefits	—			—			3			14
Currency translation and other	1,137			(798		)	89			30
Benefit payments	(492		)	(584		)	(239		)	(241		)
BENEFIT OBLIGATION AT END OF YEAR⁽³⁾	12,229			11,245			4,886			4,778
CHANGE IN PLAN ASSETS
Fair value of plan assets at beginning of year	6,562			6,310			2,843			2,394
Actual return on plan assets	685			839			253			596
Acquisitions /(divestitures)	—			(6		)	—			—
Employer contributions	555			439			29			22
Participants' contributions	21			19			67			58
Currency translation and other	631			(455		)	2			—
ESOP debt impacts⁽⁴⁾	—			—			20			14
Benefit payments	(492		)	(584		)	(239		)	(241		)
FAIR VALUE OF PLAN ASSETS AT END OF YEAR	7,962			6,562			2,975			2,843
FUNDED STATUS	(4,267		)	(4,683		)	(1,911		)	(1,935		)


(1)	Primarily non-U.S.-based defined benefit retirement plans.


(2)	Primarily U.S.-based other postretirement benefit plans.


(3)	For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation.


(4)	Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits.

Reconciliation of Defined Benefit Retirement Plans and Other Retiree Benefit Plans Recognized in Asset, Liability and Accumulated Other Comprehensive Income



	Pension Benefits						Other Retiree Benefits
Years ended June 30	2011			2010			2011			2010
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Noncurrent assets	$	168		$	56		$	—		$	—
Current liability	(47		)	(38		)	(24		)	(20		)
Noncurrent liability	(4,388		)	(4,701		)	(1,887		)	(1,915		)
NET AMOUNT RECOGNIZED	(4,267		)	(4,683		)	(1,911		)	(1,935		)

AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)
Net actuarial loss	2,315			3,038			2,181			2,319
Prior service cost /(credit)	354			275			(92		)	(119		)
NET AMOUNTS RECOGNIZED IN AOCI	2,669			3,313			2,089			2,200

CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE INCOME (AOCI)
Net actuarial loss /(gain) - current year	(827		)	1,343			(60		)	491
Prior service cost - current year	93			66			7			—
Amortization of net actuarial loss	(154		)	(91		)	(96		)	(20		)
Amortization of prior service (cost) / credit	(18		)	(15		)	18			21
Settlement / curtailment cost	—			(3		)	—			—
Currency translation and other	262			(190		)	20			—
TOTAL CHANGE IN AOCI	(644		)	1,110			(111		)	492
NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST AND AOCI	(106		)	1,579			(124		)	349

Pension Plans with Accumulated and Projected Benefit Obligations in Excess of Plan Assets

Pension plans with accumulated benefit obligations in excess of plan assets and plans with projected benefit obligations in excess of plan assets consist of the following:



	Accumulated Benefit Obligation Exceeds the Fair Value of Plan Assets				Projected Benefit Obligation Exceeds the Fair Value of Plan Assets
June 30	2011		2010		2011		2010
Projected benefit obligation	$	6,817	$	10,577	$	10,650	$	11,059
Accumulated benefit obligation	5,923		9,194		8,940		9,531
Fair value of plan assets	2,845		5,900		6,214		6,320

Components of the Net Periodic Benefit Cost

Net Periodic Benefit Cost. Components of the net periodic benefit cost were as follows:



	Pension Benefits									Other Retiree Benefits
Years ended June 30	2011			2010			2009			2011			2010			2009
Service cost	$	270		$	218		$	214		$	146		$	103		$	91
Interest cost	588			579			551			270			253			243
Expected return on plan assets	(492		)	(437		)	(473		)	(431		)	(429		)	(444		)
Prior service cost /(credit) amortization	18			15			14			(18		)	(21		)	(23		)
Net actuarial loss amortization	154			91			29			96			20			2
Curtailments, settlements and other	—			3			6			3			14			—
GROSS BENEFIT COST/(CREDIT)	538			469			341			66			(60		)	(131		)
Dividends on ESOP preferred stock	—			—			—			(79		)	(83		)	(86		)
NET PERIODIC BENEFIT COST/(CREDIT)	538			469			341			(13		)	(143		)	(217		)

Amounts Expected to be Amortized from Accumulated Other Comprehensive Income into Net Period Benefit Cost

Amounts expected to be amortized from accumulated OCI into net periodic benefit cost during the year ending June 30, 2012, are as follows:



	Pension Benefits		Other Retiree Benefits
Net actuarial loss	$	105	$	99
Prior service cost/(credit)	23		(20		)

Weighted Average Assumptions for the Defined Benefit and Other Retiree Benefit Calculations, as well as Assumed Health Care Trend Rates

The weighted average assumptions for the defined benefit and other retiree benefit calculations, as well as assumed health care trend rates, were as follows:



	Pension Benefits				Other Retiree Benefits
Years ended June 30	2011		2010		2011		2010
ASSUMPTIONS USED TO DETERMINE BENEFIT OBLIGATIONS⁽¹⁾
Discount rate	5.3	%	5.0	%	5.7	%	5.4	%
Rate of compensation increase	3.5	%	3.5	%	—		—
ASSUMPTIONS USED TO DETERMINE NET PERIODIC BENEFIT COST⁽²⁾
Discount rate	5.0	%	6.0	%	5.4	%	6.4	%
Expected return on plan assets	7.0	%	7.1	%	9.2	%	9.1	%
Rate of compensation increase	3.5	%	3.7	%	—		—
ASSUMED HEALTH CARE COST TREND RATES
Health care cost trend rates assumed for next year	—		—		8.5	%	8.5	%
Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate)	—		—		5.0	%	5.0	%
Year that the rate reaches the ultimate trend rate	—		—		2018		2017


(1)	Determined as of end of year.


(2)	Determined as of beginning of year and adjusted for acquisitions.

One-Percentage Point Change in Assumed Health Care Cost Trend Rates

A one- percentage point change in assumed health care cost trend rates would have the following effects:



	One-Percentage Point Increase		One-Percentage Point Decrease
Effect on total of service and interest cost components	$	79	$	(61	)
Effect on postretirement benefit obligation	681		(547		)

Target Asset Allocation and Actual Asset Allocation

Plan Assets. Our target asset allocation for the year ended June 30, 2011, and actual asset allocation by asset category as of June 30, 2011 and 2010, were as follows:



	Target Asset Allocation
Asset Category	Pension Benefits		Other Retiree Benefits
Cash	2	%	2	%
Debt securities	51	%	8	%
Equity securities	47	%	90	%
TOTAL	100	%	100	%



	Actual Asset Allocation at June 30
	Pension Benefits				Other Retiree Benefits
Asset Category	2011		2010		2011		2010
Cash	2	%	4	%	1	%	—
Debt securities	52	%	53	%	8	%	9	%
Equity securities	46	%	43	%	91	%	91	%
TOTAL	100	%	100	%	100	%	100	%

Fair Value of the Company's Plan Assets Segregated by Level within the Fair Value Hierarchy

The following table sets forth the fair value of the Company's plan assets as of June 30, 2011 segregated by level within the fair value hierarchy (refer to Note 5 for further discussion on the fair value hierarchy and fair value principles):



	Pension Benefits
	Level 1				Level 2				Level 3				Total
	2011		2010		2011		2010		2011		2010		2011		2010
ASSETS AT FAIR VALUE:
Cash and cash equivalents	$	189	$	238	$	—	$	—	$	—	$	—	$	189	$	238
Government bonds	68		62		—		—		—		—		68		62
Company stock	11		12		—		—		—		—		11		12
Common collective trust fund - equity	—		—		3,612		2,814		—		—		3,612		2,814
Common collective trust fund - fixed income	—		—		4,027		3,380		—		—		4,027		3,380
Other	—		—		—		—		55		56		55		56
TOTAL ASSETS AT FAIR VALUE	268		312		7,639		6,194		55		56		7,962		6,562



	Other Retiree Benefits
	Level 1				Level 2				Level 3				Total
	2011		2010		2011		2010		2011		2010		2011		2010
ASSETS AT FAIR VALUE:
Cash and cash equivalents	$	43	$	14	$	—	$	—	$	—	$	—	$	43	$	14
Company stock	—		—		2,655		2,535		—		—		2,655		2,535
Common collective trust fund - equity	—		—		41		43		—		—		41		43
Common collective trust fund - fixed income	—		—		232		249		—		—		232		249
Other	—		—		—		—		4		2		4		2
TOTAL ASSETS AT FAIR VALUE	43		14		2,928		2,827		4		2		2,975		2,843

Total Benefit Payments Expected to be Paid to Participants

Total benefit payments expected to be paid to participants, which include payments funded from the Company's assets, as discussed above, as well as payments from the plans, are as follows:



Years ending June 30	Pension Benefits		Other Retiree Benefits
EXPECTED BENEFIT PAYMENTS
2012	$	534	$	207
2013	535		225
2014	560		242
2015	573		259
2016	605		275
2017 - 2021	3,494		1,631

Series A and B Preferred Shares of the ESOP Number of Shares Outstanding

The number of preferred shares outstanding at June 30 was as follows:



Shares in thousands	2011	2010	2009
Allocated	52,281	54,542	56,818
Unallocated	13,006	14,762	16,651
TOTAL SERIES A	65,287	69,304	73,469

Allocated	20,759	20,752	20,991
Unallocated	40,090	41,347	42,522
TOTAL SERIES B	60,849	62,099	63,513