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Fair Value Measurements (Tables) | 12 Months Ended
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Jun. 30, 2014
Fair Value, Assets, Liabilities and Stockholders' Equity Measured on Recurring Basis [Abstract] |
Fair Value, Assets and Liabilities Measured on Recurring Basis | The following tables present the fair values for those assets measured on a recurring basis at June 30:
| 2014
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents (1) | $ | 740 |  |  | $ | — |  |  | $ | — |  |  | $ | 740 |
Forward contracts (2) | — |  |  | 10 |  |  | — |  |  | 10 |
Available-for-sale securities (3) | — |  |  | 100 |  |  | — |  |  | 100 |
Other investments (4) | 106 |  |  | — |  |  | — |  |  | 106 |
Total | $ | 846 |  |  | $ | 110 |  |  | $ | — |  |  | $ | 956 |
| 2013
(in millions) | Level 1 |  | Level 2 |  | Level 3 |  | Total
Cash equivalents (1) | $ | 348 |  |  | $ | — |  |  | $ | — |  |  | $ | 348 |
Forward contracts (2) | — |  |  | 12 |  |  | — |  |  | 12 |
Other investments (4) | 89 |  |  | — |  |  | — |  |  | 89 |
Total | $ | 437 |  |  | $ | 12 |  |  | $ | — |  |  | $ | 449 |
(1) | Cash equivalents are comprised of highly liquid investments purchased with a maturity of three months or less. The carrying value of these cash equivalents approximates fair value due to their short-term maturities.
(2) | The fair value of interest rate swaps, foreign currency contracts and commodity contracts is determined based on the present value of expected future cash flows considering the risks involved, including non-performance risk, and using discount rates appropriate for the respective maturities. Observable level 2 inputs are used to determine the present value of expected future cash flows. The fair value of these derivative contracts, which are subject to master netting arrangements under certain circumstances, is presented on a gross basis in the consolidated balance sheets.
(3) | During fiscal 2014, we purchased marketable securities, which are class ified as available-for-sale and are carried at fair value in the consolidated balance sheets. Observable level 2 inputs such as quoted prices for similar securities, interest rate spreads, yield curves and credit risk are used to determine the fair value. See Note 6 for additional information regarding available-for-sale securities.
(4) | The other investments balance includes investments in mutual funds, which are used to offset fluctuations in defer red compensation liabilities. These mutual funds primarily invest in the equity securities of companies with large market capitalization and high quality fixed income debt securities. The fair value of these investments is determined using quoted market prices.

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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 820 -SubTopic 10 -Section 50 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=36462937&loc=d3e19190-110258 + Details
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