Risk Management Activities and Fair Value Measurements (Tables)

9 Months Ended

Mar. 31, 2015

Risk Management Activities and Fair Value Measurements [Abstract]

Schedule of Fair Value, Assets and Liabilities Measured on Recurring Basis [Table Text Block]

The following table sets forth the Company’s financial assets as of March 31, 2015 and June 30, 2014 that are measured at fair value on a recurring basis during the period:

	Fair Value Asset
	March 31, 2015		June 30, 2014
Investments
U.S. government securities	$	3,494	$	1,631
Corporate bond securities	1,292		497
Other investments	28		30
Total	$	4,814	$	2,158

Schedule of Derivative Instruments [Table Text Block]

The following table sets forth the notional amounts and fair values of qualifying and non-qualifying financial instruments used in hedging transactions as of March 31, 2015 and June 30, 2014:

	Notional Amount				Fair Value Asset/(Liability)
	March 31, 2015		June 30, 2014		March 31, 2015		June 30, 2014
Derivatives in Cash Flow Hedging Relationships
Foreign currency contracts	$	951	$	951	$	304	$	187
Derivatives in Fair Value Hedging Relationships
Interest rate contracts	$	7,139	$	9,738	$	276	$	168
Derivatives in Net Investment Hedging Relationships
Net investment hedges	$	570	$	831	$	90	$	48
Derivatives Not Designated as Hedging Instruments
Foreign currency contracts	$	7,579	$	12,111	$	26	$	(42	)

Schedule of Derivative Instruments, Effect on Other Comprehensive Income (Loss) [Table Text Block]

	Amount of Gain/(Loss) Recognized in AOCI on Derivatives (Effective Portion)
	March 31, 2015		June 30, 2014
Derivatives in Cash Flow Hedging Relationships
Interest rate contracts	$	—	$	3
Foreign currency contracts	8		14
Total	$	8	$	17
Derivatives in Net Investment Hedging Relationships
Net investment hedges	$	56	$	30

Derivative Instruments, Gain (Loss) [Table Text Block]

The amounts of gains and losses on qualifying and non-qualifying financial instruments used in hedging transactions for the three and nine months ended March 31, 2015 and 2014 are as follows:

	Amount of Gain/(Loss) Reclassified from AOCI into Earnings
	Three Months Ended March 31						Nine Months Ended March 31
	2015			2014			2015			2014
Derivatives in Cash Flow Hedging Relationships(1)
Interest rate contracts	$	2		$	2		$	5		$	5
Foreign currency contracts	8			(11		)	136			45
Total	$	10		$	(9	)	$	141		$	50
	Amount of Gain/(Loss) Recognized in Earnings
	Three Months Ended March 31						Nine Months Ended March 31
	2015			2014			2015			2014
Derivatives in Fair Value Hedging Relationships(2)
Interest rate contracts	$	25		$	80		108			(34		)
Debt	(25		)	(80		)	(108		)	33
Total	$	—		$	—		$	—		$	(1	)
Derivatives in Net Investment Hedging Relationships (2)
Net investment hedges	$	—		$	—		$	(1	)	$	—
Derivatives Not Designated as Hedging Instruments (3)
Foreign currency contracts	$	(343	)	$	5		$	(1,072	)	$	88

⁽¹⁾  The gain or loss on the effective portion of cash flow hedging relationships is reclassified from AOCI into net income in the same period during which the related item affects earnings. Such amounts are included in the Consolidated Statements of Earnings as follows: interest rate contracts in Interest expense and foreign currency contracts in Selling, general and administrative expense (SG&A) and Interest expense.

⁽²⁾  The gain or loss on the ineffective portion of interest rate contracts and net investment hedges, if any, is included in the Consolidated Statements of Earnings in Interest expense.

⁽³⁾  The gain or loss on foreign currency contracts not designated as hedging instruments is included in the Consolidated Statements of Earnings in SG&A. This gain or loss substantially offsets the foreign currency mark-to-market impact of the related exposure.