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Shareholders' Equity
 12 Months Ended
Jun. 30, 2014
Equity [Abstract]  
Shareholders' Equity
Shareholders' Equity
At June 30, 2014 and 2013, authorized capital shares consisted of the following: 750 million Class A common shares, without par value; 5 million Class B common shares, without par value; and 500 thousand non-voting preferred shares, without par value. The Class A common shares and Class B common shares are collectively referred to below as “common shares”. Holders of common shares are entitled to share equally in any dividends declared by the Board of Directors and to participate equally in all distributions of assets upon liquidation. Generally, the holders of Class A common shares are entitled to one vote per share, and the holders of Class B common shares are entitled to one-fifth of one vote per share on proposals presented to shareholders for vote. Under certain circumstances, the holders of Class B common shares are entitled to vote as a separate class. Only Class A common shares were outstanding at June 30, 2014 and 2013.
We repurchased $1.6 billion of our common shares, in the aggregate, through share repurchase programs during fiscal 2014, 2013 and 2012, as described below. We funded the repurchases with available cash. The common shares repurchased are held in treasury to be used for general corporate purposes.
During fiscal 2014, we repurchased 9.9 million common shares having an aggregate cost of $673 million. The average price paid per common share was $67.85.
During fiscal 2013, we repurchased 10.2 million common shares having an aggregate cost of $450 million. The average price paid per common share was $44.11.
During fiscal 2012, we repurchased 10.3 million common shares having an aggregate cost of $450 million. The average price paid per common share was $43.64.
Accumulated Other Comprehensive Income
The following table summarizes the changes in the balance of AOCI by component and in total:
(in millions)
Foreign
Currency
Translation
Adjustments
 
Unrealized
Gain on
Derivatives,
net of tax
 
Accumulated Other
Comprehensive
Income
Balance at June 30, 2012
$
36

 
$
1

 
$
37

 
 
 
 
 
 
Other comprehensive income/(loss), net of tax before reclassifications
18

 
8

 
26

Amounts reclassified to earnings
—

 
5

 
5

Total other comprehensive income, net of tax of $9 million
18

 
13

 
31

Balance at June 30, 2013
$
54

 
$
14

 
$
68

 
 
 
 
 
 
Other comprehensive income/(loss), net of tax before reclassifications
9

 
(10
)
 
(1
)
Amounts reclassified to earnings
—

 
3

 
3

Total other comprehensive income/(loss), net of tax of $5 million
9

 
(7
)
 
2

Balance at June 30, 2014
$
63

 
$
7

 
$
70


Activity related to unrealized gains and losses on available-for-sale securities as described in Note 6, was immaterial during fiscal 2014.