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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2016
Dec. 31, 2015
Statement of Cash Flows [Abstract]    
Cash and Cash Equivalents, Beginning of Period $ 7,102 $ 6,836
Operating Activities    
Net Earnings 10,653 5,863
Depreciation and Amortization 1,435 1,454
Gain (Loss) on Extinguishment of Debt 543 0
Share-based Compensation Expense 104 140
Deferred Income Taxes (448) 140
Gain on Sale of Businesses (5,343) (37)
Goodwill and Intangible Asset Impairment Charges 0 402
Changes In:    
Accounts Receivable (595) (488)
Inventories (247) (386)
Accounts Payable, Accrued and Other Liabilities (296) 322
Other Operating Assets and Liabilities 152 374
Other Noncash Expense 67 234
Total Operating Activities 6,025 8,018
Investing Activities    
Capital Expenditures (1,429) (1,223)
Proceeds from Asset Sales 280 80
Acquisitions, Net of Cash Acquired (16) (186)
Purchases of Short-term Investments (1,739) (762)
Proceeds from Sales of Short-term Investments 354 683
Increase (Decrease) in Restricted Cash (874) 0
Cash Transferred to Discontinued Beauty Business (475) 0
Release of Restricted Cash 1,870 0
Change in Other Investments 8 (31)
Total Investing Activites (2,021) (1,439)
Financing Activities    
Dividends to Shareholders (3,637) (3,733)
Change in Short-term Debt 2,715 2,020
Additions to Long-term Debt 2,641 1,721
Reductions of Long-term Debt (5,029) [1] (2,239)
Treasury Stock Purchases (2,503) (2,503)
Impact of Stock Options and Other 1,074 1,007
Total Financing Activities (4,739) (3,727)
Effect of Exchange Rate on Cash and Cash Equivalents (316) (285)
Change in Cash and Cash Equivalents (1,051) 2,567
Cash and Cash Equivalents, End of Period $ 6,051 $ 9,403
[1] Includes $543 of costs related to early extinguishment of debt.