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EARNINGS PER SHARE | 12 Months Ended
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Jun. 30, 2018
Earnings Per Share, Basic [Abstract] |
EARNINGS PER SHARE | EARNINGS PER SHARE The following table sets forth the computation of basic and diluted earnings per share:
| 2018 |  | 2017 |  | 2016
| (In thousands, except for share and per share data)
Numerator: |  |  |  |  |
Net earnings | $ | 1,430,766 |  |  | $ | 1,142,503 |  |  | $ | 949,622 |
Denominator: |  |  |  |  |  |
Weighted-average basic shares outstanding | 522,926,914 |  |  | 543,496,816 |  |  | 573,057,406 |
Dilutive effect of share-based awards | 6,162,940 |  |  | 5,048,211 |  |  | 4,334,000 |
Weighted-average diluted shares outstanding | 529,089,854 |  |  | 548,545,027 |  |  | 577,391,406 |
Basic earnings per share | $ | 2.74 |  |  | $ | 2.10 |  |  | $ | 1.66 |
Diluted earnings per share | $ | 2.70 |  |  | $ | 2.08 |  |  | $ | 1.64 |
The number of securities that were not included in the diluted earnings per share calculation because the effect would have been anti-dilutive was approximately 2,302,946, 4,194,173 and 3,586,927 for fiscal 2018, 2017 and 2016, respectively. Dividends declared were $735.3 million, $700.9 million and $695.5 million in fiscal 2018, 2017 and 2016, respectively. Included in dividends declared for each year were dividends declared but not yet paid at year-end of approximately $187.4 million, $174.9 million and $174.1 million in fiscal 2018, 2017 and 2016, respectively.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 260 -URI http://asc.fasb.org/topic&trid=2144383 + Details
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