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Condensed Consolidated Statements of Earnings and Comprehensive Income - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2015
Dec. 31, 2014
Condensed Consolidated Statements of Earnings and Comprehensive Income [Abstract]        
Net sales $ 1,345 $ 1,345 $ 2,735 $ 2,697
Cost of products sold 745 773 1,510 1,547
Gross profit 600 572 1,225 1,150
Selling and administrative expenses 191 191 377 371
Advertising costs 126 127 249 248
Research and development costs 34 33 64 63
Interest expense 22 26 45 52
Other (income) expense, net (3) (2) (4) 1
Earnings from continuing operations before income taxes 230 197 494 415
Income taxes on continuing operations 79 69 170 142
Earnings from continuing operations 151 128 324 273
Losses from discontinued operations, net of tax (2) (3) (3) (58)
Net earnings $ 149 $ 125 $ 321 $ 215
Basic net earnings (losses) per share        
Continuing operations $ 1.16 $ 0.98 $ 2.50 $ 2.10
Discontinued operations (0.01) (0.02) (0.02) (0.44)
Basic net earnings per share 1.15 0.96 2.48 1.66
Diluted net earnings (losses) per share        
Continuing operations 1.14 0.97 2.46 2.07
Discontinued operations (0.01) (0.02) (0.02) (0.44)
Diluted net earnings per share $ 1.13 $ 0.95 $ 2.44 $ 1.63
Weighted average shares outstanding (in thousands)        
Basic 129,543 130,555 129,349 129,933
Diluted 131,546 132,819 131,477 132,203
Dividends declared per share $ 0.77 $ 0.74 $ 1.54 $ 1.48
Comprehensive income $ 129 $ 88 $ 262 $ 179