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Selected Quarterly Financial Data (Unaudited) (Tables)
 12 Months Ended
Jun. 30, 2018
Quarterly Financial Information Disclosure [Abstract]  
Schedule of Selected Quarterly Financial Data
The following is selected quarterly financial data for fiscal 2018 and 2017. 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 2018
 
 
 
 
 
 
 
Revenue
$
32,641

 
$
35,186

 
$
33,633

 
$
35,349

Gross margin (1)
1,672

 
1,861

 
1,913

 
1,735

Distribution, selling, general and administrative expenses
1,062

 
1,131

 
1,132

 
1,270

Net earnings/(loss) (2)
117

 
1,053

 
255

 
(1,166
)
Less: Net earnings attributable to noncontrolling interests
(2
)
 
—

 
—

 
—

Net earnings/(loss) attributable to Cardinal Health, Inc.
115

 
1,053

 
255

 
(1,166
)
 
 
 
 
 
 
 
 
Net earnings/(loss) attributable to Cardinal Health, Inc. per common share:
 
 
 
 
 
 
 
Basic
$
0.36

 
$
3.35

 
$
0.81

 
$
(3.76
)
Diluted (3)
0.36

 
3.33

 
0.81

 
(3.76
)

(1)
Gross margin was not impacted by LIFO benefit/(charges) in fiscal 2018.
(2)
During the fourth quarter of fiscal 2018, we recognized a goodwill impairment charge of $1.4 billion related to our Medical segment. There was no tax benefit related to this goodwill impairment charge.
(3)
Due to the net loss during the fourth quarter of fiscal 2018, dilutive potential common shares have not been included in the denominator of the dilutive per share computation due to their antidilutive effect.
(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 (4)
1,590

 
1,602

 
1,728

 
1,623

Distribution, selling, general and administrative expenses
920

 
910

 
960

 
983

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 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

(4)
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.