DISCONTINUED OPERATIONS (Tables)

12 Months Ended

Jun. 30, 2017

Discontinued Operations and Disposal Groups [Abstract]

Schedule of Disposal Groups, Including Discontinued Operations, Income Statement, Balance Sheet and Additional Disclosures [Table Text Block]

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

Years ended June 30	2017		2016		2015
Beauty Brands	$	5,217	$	336	$	643
Batteries	—		241		(1,835		)
Pet Care	—		—		49
Net earnings/(loss) from discontinued operations	$	5,217	$	577	$	(1,143	)

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
Years ended June 30	2017				2016		2015
Net sales	$	1,159			$	4,910	$	5,530
Cost of products sold	450				1,621		1,820
Selling, general and administrative expense	783				2,763		2,969
Intangible asset impairment charges	—				48		—
Interest expense	14				32		—
Interest income	—				2		2
Other non-operating income/(loss), net	16				9		91
Earnings/(loss) from discontinued operations before income taxes	$	(72	)		$	457	$	834
Income taxes on discontinued operations	46				121		191
Gain on sale of business before income taxes	$	5,197			$	—	$	—
Income tax expense/(benefit) on sale of business	(138		)	(1)	—		—
Net earnings from discontinued operations	$	5,217			$	336	$	643

⁽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 included in cash flows from discontinued operations for the Beauty Brands:

	Beauty Brands
Years ended June 30	2017			2016		2015
NON-CASH OPERATING ITEMS
Depreciation and amortization	$	24		$	106	$	125
Deferred income tax benefit	(649		)	—		—
Gain on sale of businesses	5,210			8		86
Goodwill and intangible asset impairment charges	—			48		—
Net increase in accrued taxes	93			—		—
CASH FLOWS FROM OPERATING ACTIVITIES
Cash taxes paid	$	418		$	—	$	—
CASH FLOWS FROM INVESTING ACTIVITIES
Capital expenditures	$	38		$	114	$	106

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

	Beauty Brands
As of June 30	2016 (1)
Cash	$	40
Restricted cash	996		(2)
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		(2)
Other noncurrent liabilities	445
Current liabilities held for sale	$	2,343

⁽¹⁾  The Company closed the Beauty Brands transaction in October 2016. Therefore, as of June 30, 2016, all assets and liabilities held for sale were reported as current assets and liabilities held for sale on the Consolidated Balance Sheets.

⁽²⁾  On January 26, 2016, Beauty Brands drew on its Term B loan of $1.0 billion. The proceeds were held in restricted cash in escrow until the legal integration activities prior to close. Beauty Brands received additional debt funding commitments with a consortium of lenders of $3.5 billion.

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

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

		Net Sales	Earnings Before Impairment Charges and Income Taxes	Impairment Charges		Income Tax (Expense)/Benefit		Gain/(Loss) on Sale Before Income Taxes		Income Tax (Expense)/Benefit on Sale			Net Earnings/(Loss) from Discontinued Operations
Batteries	2016	1,517	266	(402	)	(45	)	(288	)	710		(1)	241
	2015	2,226	479	(2,174	)	(140	)	—		—			(1,835	)
Pet Care	2016	—	—	—		—		—		—			—
	2015	251	—	—		(4	)	195		(142	)		49
Total	2016	1,517	266	(402	)	(45	)	(288	)	710		(1)	241
	2015	2,477	479	(2,174	)	(144	)	195		(142	)		(1,786	)

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