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STOCKHOLDERS' EQUITY
12 Months Ended
Jun. 30, 2016
Stockholders' Equity Note [Abstract]  
STOCKHOLDERS' EQUITY

NOTE 14. STOCKHOLDERS’ EQUITY

The Company has two share repurchase programs: an open-market purchase program with an authorized aggregate purchase amount of up to $750, all of which was available for share repurchases as of both June 30, 2016 and 2015, and a program to offset the anticipated impact of share dilution related to share-based awards (the Evergreen Program), which has no authorization limit as to amount or timing of repurchases.

Share repurchases under authorized programs were as follows during the fiscal years ended June 30:

  2016   2015   2014
  Amount   Shares
(in 000's)
  Amount   Shares
(in 000's)
  Amount   Shares
(in 000's)
Open-market purchase programs $  -   -   $ -   -   $ -   -
Evergreen Program   254   2,151     434   4,016     260   3,046
Total $      254   2,151   $      434   4,016   $      260   3,046

Dividends per share declared and paid, respectively, during the fiscal years ended June 30 were as follows:

  2016   2015   2014
Dividends per share declared $       3.11   $       2.99   $       2.87
Dividends per share paid   3.08     2.96     2.84

Accumulated Other Comprehensive Net (Losses) Income

Changes in Accumulated other comprehensive net (losses) income by component were as follows for the fiscal years ended June 30:

  Foreign currency
adjustments
  Net
unrealized
gains
(losses) on
derivatives
  Pension and
postretirement
benefit
adjustments
  Accumulated
Other
Comprehensive
Income
Balance June 30, 2013 $ (209 )   $ (30 )   $ (128 )   $ (367 )
       Other comprehensive (loss) income before                              
       reclassifications   (26 )     (15 )     (16 )     (57 )
       Amounts reclassified from accumulated other                              
       comprehensive net losses   -       -       8       8  
       Income tax benefit (expense)   (11 )     6       4       (1 )
Net current period other comprehensive income (loss)   (37 )     (9 )     (4 )     (50 )
Balance June 30, 2014   (246 )     (39 )     (132 )     (417 )
       Other comprehensive (loss) income before                              
       reclassifications   (92 )     (18 )     (29 )     (139 )
       Amounts reclassified from accumulated other                              
       comprehensive net losses   -       7       -       7  
       Recognition of deferred foreign currency translation                              
       loss   30       -       -       30  
       Income tax benefit (expense)   8       (3 )     12       17  
Net current period other comprehensive income (loss)   (54 )     (14 )     (17 )     (85 )
Balance June 30, 2015   (300 )     (53 )     (149 )     (502 )
       Other comprehensive (loss) income before                              
       reclassifications   (43 )     (7 )     (38 )     (88 )
       Amounts reclassified from accumulated other                              
       comprehensive net losses   -       18       -       18  
       Income tax benefit (expense)   (10 )     (2 )     14       2  
Net current period other comprehensive income (loss)   (53 )     9       (24 )     (68 )
Balance June 30, 2016 $                  (353 )   $              (44 )   $              (173 )   $              (570 )

Included in foreign currency adjustments are re-measurement losses on long-term intercompany loans where settlement is not planned or anticipated in the foreseeable future. For the fiscal years ended June 30, 2016, 2015 and 2014, Other comprehensive losses on these loans totaled $14, $9 and $12, respectively, and there were no amounts reclassified from Accumulated other comprehensive net (losses) income.

Pension and postretirement benefit reclassification adjustments are reflected in Cost of products sold, Selling and administrative expenses and Research and development costs.