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ACCUMULATED OTHER COMPREHENSIVE INCOME (Notes)
 12 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Accumulated Other Comprehensive Income [Text Block]
NOTE 6
ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS)
The tables below present the changes in accumulated other comprehensive income/(loss) by component and the reclassifications out of accumulated other comprehensive income/(loss):
 
Changes in Accumulated Other Comprehensive Income/(Loss) by Component
 
 
 
Hedges
 
Investment Securities
 
Pension and Other Retiree Benefits
 
Financial Statement Translation
 
Total
 
Balance at June 30, 2012
$
(3,673
)
 
$
(3
)
 
$
(5,300
)
 
$
(357
)
 
$
(9,333
)
 
OCI before reclassifications (1)
363

 
(24
)
 
731

 
710

 
1,780

 
Amounts reclassified from AOCI
(219
)
 
—

 
273

 
—

 
54

 
Net current period OCI
144

 
(24
)
 
1,004

 
710

 
1,834

 
Balance at June 30, 2013
(3,529
)
 
(27
)
 
(4,296
)
 
353

 
(7,499
)
 
OCI before reclassifications (2)
(305
)
 
20

 
(1,113
)
 
1,044

 
(354
)
 
Amounts reclassified from AOCI
(42
)
 
(11
)
 
244

 
—

 
191

 
Net current period OCI
(347
)
 
9

 
(869
)
 
1,044

 
(163
)
 
Balance at June 30, 2014
(3,876
)
 
(18
)
 
(5,165
)
 
1,397

 
(7,662
)
(1) Net of tax (benefit) / expense of $94, $(5) and $496 for gains / losses on hedges, investment securities and pension and other retiree benefit items, respectively.
(2) Net of tax (benefit) / expense of $(207), $3, and $(450) for gains and losses on hedges, investment securities and pension and other retiree benefit items, respectively.
Reclassifications out of Accumulated Other Comprehensive Income/(Loss)
Years ended June 30
2014
 
2013
Hedges (1)
 
 
 
Interest rate contracts
$
6

 
$
6

Foreign exchange contracts
38

 
215

Total before-tax
44

 
221

Tax (expense)/benefit
(2
)
 
(2
)
Net of tax
42

 
219

 
 
 
 
Gains / (losses) on Investment Securities (2)
18

 
—

Tax (expense)/benefit
(7
)
 
—

Net of tax
11

 
—

 
 
 
 
 Pension and Other Retiree Benefits (3)
 
 
 
Amortization of deferred amounts
(6
)
 
2

Recognized net actuarial gains/(losses)
(332
)
 
(412
)
Curtailments and settlements
—

 
(4
)
Total before-tax
(338
)
 
(414
)
Tax (expense)/benefit
94

 
141

Net of tax
(244
)
 
(273
)
Total reclassifications, net of tax
(191
)
 
(54
)

(1) See Note 5 for classification of these items in the Consolidated Statements of Earnings.
(2) Reclassified from AOCI into Other non-operating income, net.
(3) Reclassified from AOCI into Cost of products sold and SG&A. These components are included in the computation of net periodic pension cost (see Note 9 for additional details).