DISCONTINUED OPERATIONS DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Mar. 31, 2016

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

The following table summarizes total assets and liabilities held for sale and reconciles to the Consolidated Balance Sheets:

	March 31, 2016		June 30, 2015
	Beauty Brands		Beauty Brands		Batteries		Total
Current assets held for sale	$	7,028	$	922	$	3,510	$	4,432
Noncurrent assets held for sale	—		5,204		—		5,204
Total assets held for sale	$	7,028	$	6,126	$	3,510	$	9,636
Current liabilities held for sale	$	2,229	$	356	$	1,187	$	1,543
Noncurrent liabilities held for sale	—		717		—		717
Total liabilities held for sale	$	2,229	$	1,073	$	1,187	$	2,260

The following table summarizes Net earnings/(loss) from discontinued operations and reconciles to the Consolidated Statements of Earnings:

	Three Months Ended March 31						Nine Months Ended March 31
	2016			2015			2016		2015
Beauty Brands	$	(2	)	$	74		$	386	$	499
Batteries	448			(276		)	241		(1,699		)
Pet Care	—			(11		)	—		15
Net earnings/(loss) from discontinued operations	$	446		$	(213	)	$	627	$	(1,185	)

Discontinued Operations and Disposal Groups - Beauty Brands [Table Text Block]

The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Beauty Brands:

	Beauty Brands
	Three Months Ended March 31						Nine Months Ended March 31
	2016			2015			2016			2015
Net sales	$	1,092		$	1,212		$	3,715		$	4,293
Cost of products sold	365			400			1,193			1,400
Selling, general and administrative expense	672			702			1,983			2,270
Intangible asset impairment charges	48			—			48			—
Other non-operating income/(loss), net	(6		)	(1		)	(8		)	7
Earnings from discontinued operations before income taxes	$	1		$	109		$	483		$	630
Income taxes on discontinued operations	3			35			97			131
Net earnings/(loss) from discontinued operations	$	(2	)	$	74		$	386		$	499

The following is selected financial information included in cash flows from discontinued operations for the Beauty Brands:

	Beauty Brands
	Nine Months Ended March 31
	2016			2015
NON-CASH OPERATING ITEMS
Depreciation and amortization	$	78		$	95
Goodwill and intangible asset impairment charges	48			—
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	$	(65	)	$	(73	)

The major components of assets and liabilities of the Beauty Brands held for sale are provided below. The assets and liabilities held for sale will evolve up to the closing date for normal operational changes as well as contractual adjustments including the assumption of debt, pension plan funding and other provisions.

	Beauty Brands
	March 31, 2016 (1)		June 30, 2015
Cash	$	44	$	9
Restricted cash	995		—
Accounts receivable	307		293
Inventories	480		476
Prepaid expenses and other current assets	46		144
Property, plant and equipment, net	613		613		(2)
Goodwill and intangible assets, net	4,457		4,513		(2)
Other noncurrent assets	86		78		(2)
Total current assets held for sale	$	7,028	$	922
Total noncurrent assets held for sale	—		5,204
Total assets held for sale	$	7,028	$	6,126
Accounts payable	$	143	$	118
Accrued and other liabilities	316		238
Noncurrent deferred tax liabilities	372		352		(2)
Long-term debt	995		—
Other noncurrent liabilities	403		365		(2)
Total current liabilities held for sale	$	2,229	$	356
Total noncurrent liabilities held for sale	—		717
Total liabilities held for sale	$	2,229	$	1,073

⁽¹⁾  The Company expects the Beauty Brands transaction to close in the second half of calendar year 2016. Therefore, for the period ended March 31, 2016, all assets and liabilities held for sale are reported as current assets and liabilities held for sale on the Consolidated Balance Sheets.

⁽²⁾  Amounts as of June 30, 2015 are reflected as part of the noncurrent assets and liabilities held for sale.

Disposal Groups, Including Discontinued Operations - Batteries and Pet Care [Table Text Block]

The following is selected financial information included in Net earnings/(loss) from discontinued operations for the Batteries and Pet Care businesses:

	Three Months Ended March 31													Nine Months Ended March 31
	2016				2015									2016				2015
	Batteries				Batteries			Pet Care			Total			Batteries				Batteries			Pet Care			Total
Net sales	$	320			$	398		$	12		$	410		$	1,517			$	1,786		$	247		$	2,033
Earnings before impairment charges and income taxes	35				43			(7		)	36			266				436			7			443
Impairment charges	—				(308		)	—			(308		)	(402		)		(2,021		)	—			(2,021		)
Income tax (expense)/benefit	(9		)		(11		)	1			(10		)	(45		)		(114		)	(5		)	(119		)
Gain/(loss) on sale before income taxes	(288		)		—			(3		)	(3		)	(288		)		—			202			202
Income tax (expense)/benefit on sale	710			(1)	—			(2		)	(2		)	710			(1)	—			(189		)	(189		)
Net earnings/(loss) from discontinued operations	$	448			$	(276	)	$	(11	)	$	(287	)	$	241			$	(1,699	)	$	15		$	(1,684	)

⁽¹⁾  The income tax benefit of the Batteries divestiture primarily represents the reversal of underlying deferred tax balances.

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

	Batteries
	June 30, 2015
Cash	$	25
Accounts Receivable	245
Inventories	304
Prepaid expenses and other current assets	28
Property, plant and equipment, net	496
Goodwill and intangible assets, net	2,389
Other noncurrent assets	23
Total current assets held for sale	$	3,510
Accounts payable	$	195
Accrued and other liabilities	194
Long-term debt	18
Noncurrent deferred tax liabilities	780
Total current liabilities held for sale	$	1,187