DISCONTINUED OPERATIONS (TABLES)

3 Months Ended

Sep. 30, 2014

Discontinued Operations and Disposal Groups [Abstract]

Net Earnings from Discontinued Operations

Following is selected financial information included in net earnings from discontinued operations for the Pet Care business:



	Three Months Ended September 30
	2014			2013
Net sales	$	163		$	375
Earnings from discontinued operations before income taxes	19			31
Income tax expense	(6		)	(13		)
Gain on sale of discontinued operations before income taxes	193			—
Income tax benefit/(expense) on sale	(189		)	—
Net earnings from discontinued operations	17			18

Major Components of Assets and Liabilities of Disposal Group Held for Sale

The major components of assets and liabilities of the Pet Care business held for sale were as follows:



	September 30, 2014		June 30, 2014
Inventories	$	38	$	122
Prepaid expenses and other current assets	3		14
Property, plant and equipment, net	93		441
Goodwill and intangible assets, net	—		2,258
Other noncurrent assets	—		14
Total assets held for sale	134		2,849

Accounts payable	4		63
Accrued and other liabilities	5		13
Noncurrent deferred tax liabilities	—		584
Total liabilities held for sale	9		660

- Definition

Tabular disclosure of disposal groups, which may include the gain (loss) recognized in the income statement and the income statement caption that includes that gain (loss), amounts of revenues and pretax profit or loss reported in discontinued operations, the classification and carrying value of the assets and liabilities comprising the disposal group, and the segment in which the disposal group was reported. Also may include the amount of adjustments to amounts previously reported in discontinued operations such as resolution of contingencies arising from the disposal transaction or the operations of the component prior to disposal.

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