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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2019
Jun. 30, 2018
Jun. 30, 2017
CASH AND CASH EQUIVALENTS, BEGINNING OF YEAR $ 2,569 $ 5,569 $ 8,098
OPERATING ACTIVITIES      
Net Earnings 3,966 9,861 15,411
Depreciation, Depletion and Amortization 2,824 2,834 2,820
Gain (Loss) on Extinguishment of Debt 0 346 543
Share-based Compensation 515 395 351
Deferred Income Tax Expense (Benefit) (411) (1,844) (601)
Gain (Loss) on Disposition of Business (678) (176) (5,490)
Goodwill and Indefinite-lived Intangibles Impairment Charges Including Disc Ops 8,345    
Increase (Decrease) in Accounts Receivable (276) (177) (322)
Increase (Decrease) in Inventories (239) (188) 71
Increase (Decrease) in Accounts Payable and Accrued Liabilities 1,856 1,385 (149)
Increase (Decrease) in Other Operating Assets and Liabilities, Net (973) 2,000 (43)
Other Noncash Expense 313 431 162
Net Cash Provided by (Used in) Operating Activities 15,242 14,867 12,753
INVESTING ACTIVITIES      
Payments to Acquire Property, Plant, and Equipment (3,347) (3,717) (3,384)
Proceeds from Sale of Productive Assets 394 269 571
Payments to Acquire Businesses, Net of Cash Acquired (3,945) (109) (16)
Payments to Acquire Short-term Investments (158) (3,909) (4,843)
Proceeds from Sale of Short-term Investments 3,628 3,928 1,488
Cash Provided by (Used in) Investing Activities, Discontinued Operations 0 0 (475)
Payments for (Proceeds from) Investments (62) 27 (26)
Net Cash Provided by (Used in) Investing Activities (3,490) (3,511) (6,685)
FINANCING ACTIVITIES      
Payments of Dividends (7,498) (7,310) (7,236)
Proceeds from (Repayments of) Short-term Debt (2,215) (3,437) 2,727
Proceeds from Issuance of Long-term Debt 2,367 5,072 3,603
Repayments of Long-term Debt [1] (969) (2,873) (4,931)
Payments for Repurchase of Common Stock (5,003) (7,004) (5,204)
Proceeds From Stock Options Exercised And Other Financing Activities 3,324 1,177 2,473
Net Cash Provided by (Used in) Financing Activities (9,994) (14,375) (8,568)
Effect of Exchange Rate on Cash and Cash Equivalents (88) 19 (29)
Cash and Cash Equivalents, Period Increase (Decrease) 1,670 (3,000) (2,529)
CASH AND CASH EQUIVALENTS, END OF YEAR 4,239 2,569 5,569
SUPPLEMENTAL DISCLOSURE      
Interest Paid, Including Capitalized Interest, Operating and Investing Activities 497 529 518
Income Taxes Paid $ 3,064 2,830 $ 3,714
Beauty Brands      
OPERATING ACTIVITIES      
Deferred Income Tax Expense (Benefit)   (649)  
Gain (Loss) on Disposition of Business   (5,210)  
SUPPLEMENTAL DISCLOSURE      
Income Taxes Paid   $ 418  
[1]
Includes early extinguishment of debt costs of $346 and $543 in 2018 and 2017 respectively.