Subsequent Events (Notes)

9 Months Ended

Mar. 31, 2014

Subsequent Events [Abstract]

Subsequent Events

11. Subsequent Events

On April 9, 2014, the Company announced that Mars, Incorporated has agreed to buy the IAMS®, EUKANUBA® and NATURA® brands in major markets for $2.9 billion in cash.  The transaction is expected to be completed in the second-half of calendar 2014, subject to regulatory approvals.  The Company has also begun activities with the intent to exit the remainder of its Pet Care business.  The results of the Pet Care business will be presented as discontinued operations beginning with the quarter ending June 30, 2014.  The earnings that will move to discontinued operations will be approximately $0.03 per share in fiscal 2013 and are expected to be approximately $0.04 per share in fiscal 2014.  The one-time earnings impact from the divestiture is not expected to have a material impact on fiscal 2015 results.