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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
6 Months Ended
Dec. 31, 2017
Dec. 31, 2016
Statement of Cash Flows [Abstract]    
Cash and Cash Equivalents, Beginning of Period $ 5,569 $ 7,102
Operating Activities    
Net Earnings 5,431 10,653
Depreciation and Amortization 1,368 1,435
Gain (Loss) on Extinguishment of Debt 0 543
Share-based Compensation Expense 157 104
Deferred Income Taxes (2,008) (448)
Gain (Loss) on Disposition of Assets (158) (5,343)
Changes In:    
Accounts Receivable (547) (595)
Inventories (457) (247)
Accounts Payable, Accrued and Other Liabilities 857 (296)
Other Operating Assets and Liabilities 2,524 152
Other Noncash Expense 148 67
Total Operating Activities 7,315 6,025
Investing Activities    
Capital Expenditures (1,900) (1,429)
Proceeds from Asset Sales 201 280
Acquisitions, Net of Cash Acquired (101) (16)
Purchases of Short-term Investments (3,598) (1,739)
Proceeds from Sales of Short-term Investments 1,643 354
Increase (Decrease) in Restricted Cash 0 (874)
Cash Transferred to Discontinued Beauty Business 0 (475)
Decrease in Restricted Cash 0 1,870
Change in Other Investments 50 8
Total Investing Activites (3,705) (2,021)
Financing Activities    
Dividends to Shareholders (3,636) (3,637)
Change in Short-term Debt 1,524 2,715
Additions to Long-term Debt 5,072 2,641
Reductions of Long-term Debt (1,281) (5,029) [1]
Treasury Stock Purchases (4,253) (2,503)
Impact of Stock Options and Other 698 1,074
Total Financing Activities (1,876) (4,739)
Effect of Exchange Rate on Cash and Cash Equivalents 129 (316)
Change in Cash and Cash Equivalents 1,863 (1,051)
Cash and Cash Equivalents, End of Period $ 7,432 $ 6,051
[1] Includes $543 of costs related to early extinguishment of debt.