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STOCK-BASED COMPENSATION PLANS (Tables) | 12 Months Ended
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Jun. 30, 2017
Share-based Compensation [Abstract] |
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs | Compensation cost and the related income tax benefit recognized for stock-based compensation plans were classified as indicated below for the fiscal years ended June 30:
| 2017 |  | 2016 |  | 2015
Cost of products sold | $ | 7 |  |  | $ | 6 |  |  | $ | 4 |
Selling and administrative expenses | 40 |  |  | 35 |  |  | 25 |
Research and development costs | 4 |  |  | 4 |  |  | 3 |
Total compensation costs | $ | 51 |  |  | $ | 45 |  |  | $ | 32 |
Related income tax benefit | $ | 19 |  |  | $ | 17 |  |  | $ | 12 |
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions | The fair value of each stock option award granted during fiscal years 2017, 2016 and 2015 was estimated on the date of grant using the Black-Scholes valuation model and assumptions noted in the following table:
| 2017 |  | 2016 |  | 2015
Expected life | 5.5 years |  | 5.6 years |  | 5.6 to 5.8 years
Weighted-average expected life | 5.5 years |  | 5.6 years |  | 5.7 years
Expected volatility | 16.2% to 16.9% |  | 16.4% to 17.3% |  | 16.3% to 18.6%
Weighted-average volatility | 16.9% |  | 17.2% |  | 16.6%
Risk-free interest rate | 1.3% to 2.2% |  | 1.3% to 1.7% |  | 1.4% to 2.0%
Weighted-average risk-free interest rate | 1.3% |  | 1.7% |  | 1.9%
Dividend yield | 2.4% to 2.8% |  | 2.5% to 2.8% |  | 2.8% to 3.4%
Weighted-average dividend yield | 2.6% |  | 2.8% |  | 3.3%
Schedule of Share-based Compensation, Stock Options, Activity | Details of the Company’s stock option activities are summarized below:
| Number of Shares (In thousands) |  | Weighted- Average Exercise Price per Share |  | Average Remaining Contractual Life |  | Aggregate Intrinsic Value
Options outstanding as of June 30, 2016 | 6,827 |  |  | $ | 85 |  |  | 7 years |  | $ | 366 |
Granted | 1,318 |  |  | 123 |  |  |  |  |
Exercised | (1,115 | ) |  | 75 |  |  |  |  |
Canceled | (123 | ) |  | 112 |  |  |  |  |
Options outstanding as of June 30, 2017 | 6,907 |  |  | $ | 93 |  |  | 6 years |  | $ | 277 |
Options vested as of June 30, 2017 | 3,835 |  |  | $ | 80 |  |  | 5 years |  | $ | 204 |
Schedule of Share-based Compensation, Restricted Stock Units Award Activity | A summary of the status of the Company’s restricted stock awards is presented below:
| Number of Shares (In thousands) |  | Weighted-Average Grant Date Fair Value per Share
Restricted stock awards as of June 30, 2016 | 13 |  |  | $ | 108 |
Granted | 10 |  |  | 132 |
Vested | (4 | ) |  | 110 |
Forfeited | (1 | ) |  | 96 |
Restricted stock awards as of June 30, 2017 | 18 |  |  | $ | 120 |
Share-based Compensation, Performance Shares Award Outstanding Activity | A summary of the status of the Company’s performance unit awards is presented below:
| Number of Shares (In thousands) |  | Weighted-Average Grant Date Fair Value per Share
Performance unit awards as of June 30, 2016 | 952 |  |  | $ | 90 |
Granted | 253 |  |  | 123 |
Distributed | (35 | ) |  | 59 |
Forfeited | (308 | ) |  | 87 |
Performance unit awards as of June 30, 2017 | 862 |  |  | $ | 102 |
Performance units vested and deferred as of June 30, 2017 | — |  |  | $ | — |

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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the number and weighted-average grant date fair value for outstanding performance shares. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=6415400&loc=d3e5070-113901 + Details
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