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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jun. 30, 2016
Quarterly Financial Information Disclosure [Abstract] |
Selected Quarterly Financial Data (Unaudited) | 17. Selected Quarterly Financial Data (Unaudited) The following is selected quarterly financial data for fiscal 2016 and 2015. The sum of the quarters may not equal year-to-date due to rounding.
(in millions, except per common share amounts) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Fiscal 2016 |  |  |  |  |  |  |
Revenue | $ | 28,055 |  |  | $ | 31,445 |  |  | $ | 30,662 |  |  | $ | 31,384 |
Gross margin (1) | 1,579 |  |  | 1,609 |  |  | 1,689 |  |  | 1,665 |
Distribution, selling, general and administrative expenses | 842 |  |  | 922 |  |  | 914 |  |  | 970 |
Earnings from continuing operations | 384 |  |  | 326 |  |  | 386 |  |  | 335 |
Earnings from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |
Net earnings | 384 |  |  | 326 |  |  | 386 |  |  | 335 |
Less: Net earnings attributable to noncontrolling interests | (1 | ) |  | — |  |  | — |  |  | (2 | )
Net earnings attributable to Cardinal Health, Inc. | 383 |  |  | 326 |  |  | 386 |  |  | 333 |
Net earnings from continuing operations attributable to Cardinal Health, Inc. per common share: |  |  |  |  |  |  |
Basic | $ | 1.17 |  |  | $ | 0.99 |  |  | $ | 1.18 |  |  | $ | 1.03 |
Diluted | 1.15 |  |  | 0.98 |  |  | 1.17 |  |  | 1.02 |
(1) | Gross margin is impacted by LIFO benefit/(charges) of ($39) million, ($12) million and $51 million in the second, third and fourth quarter, respectively.
(in millions, except per common share amounts) | First Quarter |  | Second Quarter |  | Third Quarter |  | Fourth Quarter
Fiscal 2015 |  |  |  |  |  |  |
Revenue | $ | 24,070 |  |  | $ | 25,537 |  |  | $ | 25,375 |  |  | $ | 27,547 |
Gross margin | 1,341 |  |  | 1,454 |  |  | 1,459 |  |  | 1,458 |
Distribution, selling, general and administrative expenses | 775 |  |  | 815 |  |  | 803 |  |  | 847 |
Earnings from continuing operations | 266 |  |  | 289 |  |  | 365 |  |  | 293 |
Earnings from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | 2 |
Net earnings | 266 |  |  | 289 |  |  | 365 |  |  | 295 |
Less: Net earnings attributable to noncontrolling interests | — |  |  | — |  |  | — |  |  | — |
Net earnings attributable to Cardinal Health, Inc. | 266 |  |  | 289 |  |  | 365 |  |  | 295 |
Net earnings from continuing operations attributable to Cardinal Health, Inc. per common share: |  |  |  |  |  |  |
Basic | $ | 0.79 |  |  | $ | 0.87 |  |  | $ | 1.10 |  |  | $ | 0.89 |
Diluted | 0.78 |  |  | 0.86 |  |  | 1.09 |  |  | 0.88 |

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=68076893&loc=d3e1570-108306 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 13 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e765-108305 Reference 3: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -SubTopic 10 -Section 45 -Paragraph 12 -URI http://asc.fasb.org/extlink&oid=68064558&loc=d3e725-108305 + Details
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