DISCONTINUED OPERATIONS (Tables)

9 Months Ended

Mar. 31, 2017

Discontinued Operations and Disposal Groups [Abstract]

Disposal Groups, Including Discontinued Operations [Table Text Block]

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
	2017		2016			2017		2016
Beauty Brands	$	—	$	(2	)	$	5,217	$	386
Batteries	—		448			—		241
Net earnings/(loss) from discontinued operations	$	—	$	446		$	5,217	$	627

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

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

	Beauty Brands
	Three Months Ended March 31					Nine Months Ended March 31
	2017		2016			2017				2016
Net sales	$	—	$	1,092		$	1,159			$	3,715
Cost of products sold	—		365			450				1,193
Selling, general and administrative expense	—		672			783				1,983
Interest expense	—		—			14				—
Intangible asset impairment charges	—		48			—				48
Other non-operating income/(loss), net	—		(6		)	16				(8		)
Earnings/(loss) from discontinued operations before income taxes	$	—	$	1		$	(72	)		$	483
Income taxes on discontinued operations	—		3			46				97
Gain on sale of business before income taxes	$	—	$	—		$	5,197			$	—
Income tax expense/(benefit) on sale of business	—		—			(138		)	(1)	—
Net earnings/(loss) from discontinued operations	$	—	$	(2	)	$	5,217			$	386

⁽¹⁾  The income tax benefit of the Beauty Brands divestiture represents the reversal of underlying deferred tax balances partially offset by current tax expense related to the transaction.

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

	Beauty Brands
	Nine Months Ended March 31
	2017			2016
NON-CASH OPERATING ITEMS
Depreciation and amortization	$	24		$	78
Deferred income tax benefit	(649		)	—
Before tax gain on sale of business	5,210			—
Goodwill and intangible asset impairment charges	$	—		$	48
Net increase in accrued taxes	307			—
CASH FLOWS FROM OPERATING ACTIVITIES
Cash taxes paid	$	204		$	—
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	$	38		$	65

The major components of assets and liabilities of the Beauty Brands held for sale are provided below.

	Beauty Brands
	June 30, 2016
Cash	$	40
Restricted cash	996
Accounts receivable	384
Inventories	494
Prepaid expenses and other current assets	126
Property, plant and equipment, net	629
Goodwill and intangible assets, net	4,411
Other noncurrent assets	105
Current assets held for sale	$	7,185
Accounts payable	$	148
Accrued and other liabilities	384
Noncurrent deferred tax liabilities	370
Long-term debt	996
Other noncurrent liabilities	445
Current liabilities held for sale	$	2,343

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

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

	Batteries
	Three Months Ended March 31, 2016			Nine Months Ended March 31, 2016
Net sales	$	320		$	1,517
Earnings before impairment charges and income taxes	35			266
Impairment charges	—			(402		)
Income tax (expense)/benefit	(9		)	(45		)
Gain on sale before income taxes	(288		)	(288		)
Income tax expense on sale (1)	710			710
Net earnings/(loss) from discontinued operations	$	448		$	241

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