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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 6 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities    
Net earnings $ 887 $ 1,785
Adjustments to reconcile net earnings to net cash flows from operating activities:    
Depreciation and amortization 359 364
Deferred income taxes (31) (43)
Non-cash stock-based compensation 165 192
Net loss on disposal of property, plant and equipment 4 3
Non-cash restructuring and other charges 14 1
Pension and post-retirement benefit expense 26 39
Pension and post-retirement benefit contributions (12) (18)
Impairment of other intangible assets 207 0
Gain on previously held equity method investment 0 (1)
Other non-cash items (5) (4)
Changes in operating assets and liabilities:    
Increase in accounts receivable, net (295) (407)
Increase in inventory and promotional merchandise (156) (164)
Decrease (increase) in other assets, net 33 (57)
Decrease in accounts payable (310) (40)
Increase (decrease) in other accrued and noncurrent liabilities (106) 213
Decrease in operating lease assets and liabilities, net (29) (17)
Net cash flows provided by operating activities 751 1,846
Cash flows from investing activities    
Capital expenditures (419) (459)
Payment for acquired business 0 (3)
Purchases of investments (4) (10)
Settlement of net investment hedges 138 58
Net cash flows used for investing activities (285) (414)
Cash flows from financing activities    
Proceeds (repayments) of current debt, net 244 (4)
Debt issuance costs 0 (1)
Repayments and redemptions of long-term debt (258) (10)
Net proceeds from stock-based compensation transactions 37 77
Payments to acquire treasury stock (257) (1,428)
Dividends paid to stockholders (451) (409)
Net cash flows used for financing activities (685) (1,775)
Effect of exchange rate changes on Cash and cash equivalents (13) (12)
Net decrease in Cash and cash equivalents (232) (355)
Cash and cash equivalents at beginning of period 3,957 4,958
Cash and cash equivalents at end of period $ 3,725 $ 4,603