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Shareholders' Equity
 6 Months Ended
Dec. 31, 2016
Equity [Abstract]  
Shareholders' Equity
11. Shareholders' Equity
During the six months ended December 31, 2016, we repurchased 8.1 million common shares having an aggregate cost of $600 million. The average price paid per common share was $74.08. We funded the repurchases with available cash. During the six months ended December 31, 2015, we did not repurchase any common shares.
During the three months ended December 31, 2016, we retired 37 million common shares in treasury. The retirement of these shares had no impact on total shareholders' equity; however, it did impact certain individual components of shareholders' equity as follows: $2.5 billion decrease in common shares in treasury, $302 million decrease in common shares, and $2.2 billion decrease in retained earnings.


Accumulated Other Comprehensive Loss
The following table summarizes the changes in the balance of accumulated other comprehensive loss by component and in total:
(in millions)
Foreign
Currency
Translation
Adjustments
 
Unrealized
Gain/(Loss) on
Derivatives,
net of tax
 
Accumulated Other
Comprehensive
Loss
Balance at June 30, 2016
$
(123
)
 
$
7

 
$
(116
)
Other comprehensive income/(loss), before reclassifications
(80
)
 
24

 
(56
)
Amounts reclassified to earnings
—

 
2

 
2

Other comprehensive income/(loss), net of tax
(80
)
 
26

 
(54
)
Balance at December 31, 2016
$
(203
)
 
$
33

 
$
(170
)

Activity related to realized and unrealized gains and losses on available-for-sale securities, as described in Note 5, was immaterial during the six months ended December 31, 2016.