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Selected Quarterly Financial Data (Unaudited) | 12 Months Ended
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Jun. 30, 2017
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 2017 and 2016. 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 2017 |  |  |  |  |  |  |
Revenue | $ | 32,039 |  |  | $ | 33,150 |  |  | $ | 31,821 |  |  | $ | 32,966 |
Gross margin (1) | 1,590 |  |  | 1,602 |  |  | 1,728 |  |  | 1,623 |
Distribution, selling, general and administrative expenses | 920 |  |  | 910 |  |  | 960 |  |  | 983 |
Earnings from continuing operations | 310 |  |  | 324 |  |  | 382 |  |  | 278 |
Earnings from discontinued operations, net of tax | — |  |  | — |  |  | — |  |  | — |
Net earnings | 310 |  |  | 324 |  |  | 382 |  |  | 278 |
Less: Net earnings attributable to noncontrolling interests | (1 | ) |  | — |  |  | (1 | ) |  | (4 | )
Net earnings attributable to Cardinal Health, Inc. | 309 |  |  | 324 |  |  | 381 |  |  | 274 |
Net earnings from continuing operations attributable to Cardinal Health, Inc. per common share: |  |  |  |  |  |  |
Basic | $ | 0.97 |  |  | $ | 1.02 |  |  | $ | 1.21 |  |  | $ | 0.87 |
Diluted | 0.96 |  |  | 1.02 |  |  | 1.20 |  |  | 0.86 |
(1) | Gross margin is impacted by LIFO benefit/(charges) of $9 million and ($9) million in the second and third quarter, respectively. We did not have LIFO benefits/(charges) in the fourth quarter.
(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 (2) | 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 |
(2) | Gross margin is impacted by LIFO benefit/(charges) of ($39) million, ($12) million and $51 million in the second, third and fourth quarter, respectively.

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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 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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