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Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Dec. 31, 2015
Jun. 30, 2015
Current assets    
Cash and cash equivalents $ 390 $ 382
Receivables, net 474 519
Inventories, net 450 385
Other current assets 176 143
Total current assets 1,490 1,429
Property, plant and equipment, net of accumulated depreciation and amortization of $1,874 and $1,839, respectively 878 918
Goodwill 1,051 1,067
Trademarks, net 532 535
Other intangible assets, net 47 50
Other assets 177 165
Total assets 4,175 4,164
Current liabilities    
Notes and loans payable 500 95
Current maturities of long-term debt 0 300
Accounts payable 366 431
Accrued liabilities 492 548
Income taxes payable 0 31
Total current liabilities 1,358 1,405
Long-term debt 1,796 1,796
Other liabilities 740 750
Deferred income taxes 83 95
Total liabilities $ 3,977 $ 4,046
Commitments and contingencies
Stockholders' equity    
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding $ 0 $ 0
Common stock: $1.00 par value; 750,000,000 shares authorized; 158,741,461 shares issued at both December 31, 2015 and June 30, 2015; and 129,357,199 and 128,614,310 shares outstanding at December 31, 2015 and June 30, 2015, respectively 159 159
Additional paid-in capital 823 775
Retained earnings 2,042 1,923
Treasury shares, at cost: 29,384,262 and 30,127,151 shares at December 31, 2015 and June 30, 2015, respectively (2,265) (2,237)
Accumulated other comprehensive net loss (561) (502)
Stockholders' equity 198 118
Total liabilities and stockholders' equity $ 4,175 $ 4,164