INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2020

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Earnings before income taxes consisted of the following:

Years ended June 30	2020		2019		2018
United States	$	10,338	$	1,659	$	9,277
International	5,496		4,410		4,049
TOTAL	$	15,834	$	6,069	$	13,326

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes consisted of the following:

Years ended June 30	2020		2019		2018
CURRENT TAX EXPENSE
U.S. federal	$	1,266	$	1,064	$	3,965
International	1,769		1,259		1,131
U.S. state and local	292		191		213
	3,327		2,514		5,309
DEFERRED TAX EXPENSE/(BENEFIT)
U.S. federal	39		(296)		(1,989)
International and other	(635)		(115)		145
	(596)		(411)		(1,844)
TOTAL TAX EXPENSE	$	2,731	$	2,103	$	3,465

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the U.S. federal statutory income tax rate to our actual effective income tax rate is provided below:

Years ended June 30	2020		2019		2018
U.S. federal statutory income tax rate	21.0	%	21.0	%	28.1	%
Country mix impacts of foreign operations	(0.1)	%	(0.5)	%	(4.7)	%
State income taxes, net of federal benefit	1.4	%	2.6	%	1.4	%
Excess tax benefits from the exercise of stock options	(1.6)	%	(3.8)	%	(0.4)	%
Tax benefit from simplification of legal entity structure	(1.4)	%	—	%	—	%
Foreign derived intangible income deduction (FDII)	(1.0)	%	(2.2)	%	—	%
Changes in uncertain tax positions	0.1	%	(0.3)	%	(0.3)	%
Goodwill impairment	—	%	22.8	%	—	%
Net transitional impact of U.S. Tax Act	—	%	—	%	4.5	%
Other	(1.2)	%	(4.9)	%	(2.6)	%
EFFECTIVE INCOME TAX RATE	17.2	%	34.7	%	26.0	%

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the beginning and ending liability for uncertain tax positions is as follows:

Years ended June 30	2020		2019		2018
BEGINNING OF YEAR	$	466	$	470	$	465
Increases in tax positions for prior years	60		85		26
Decreases in tax positions for prior years	(21)		(94)		(38)
Increases in tax positions for current year	82		71		87
Settlements with taxing authorities	(83)		(37)		(45)
Lapse in statute of limitations	(12)		(27)		(20)
Currency translation	(7)		(2)		(5)
END OF YEAR	$	485	$	466	$	470

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income tax assets and liabilities were comprised of the following:

As of June 30	2020		2019
DEFERRED TAX ASSETS
Pension and postretirement benefits	$	1,602	$	1,591
Loss and other carryforwards	875		1,007
Stock-based compensation	398		421
Accrued marketing and promotion	353		334
Fixed assets	218		232
Lease liabilities	190		—
Unrealized loss on financial and foreign exchange transactions	64		73
Inventory	27		41
Accrued interest and taxes	20		15
Other	829		931
Valuation allowances	(486)		(442)
TOTAL	$	4,090	$	4,203
DEFERRED TAX LIABILITIES
Goodwill and intangible assets	$	5,775	$	6,506
Fixed assets	1,485		1,413
Lease right-of-use assets	185		—
Unrealized gain on financial and foreign exchange transactions	169		147
Foreign withholding tax on earnings to be repatriated	118		239
Other	366		351
TOTAL	$	8,098	$	8,656