XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.19.1

STOCKHOLDERS' EQUITY (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2019
Equity [Abstract] |
Schedule of Stockholders Equity | Changes in the components of Stockholders’ equity were as follows for the periods indicated:
| Three Months Ended March 31
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Treasury Stock |  | Accumulated Other Comprehensive Net (Loss) Income |  | Total Stockholders’ Equity
| Amount |  | Shares (in thousands) |  |  |  | Amount |  | Shares (in thousands) |  |
Balance as of December 31, 2017 | $ | 159 |  |  | 158,741 |  |  | $ | 941 |  |  | $ | 2,649 |  |  | $ | (2,465 | ) |  | (29,393 | ) |  | $ | (524 | ) |  | $ | 760 |
Net earnings |  |  |  |  |  |  |  |  |  | 181 |  |  |  |  |  |  |  |  |  |  |  | 181 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1 | ) |  | (1 | )
Dividends ($0.96 per share declared) |  |  |  |  |  |  |  |  |  | (125 | ) |  |  |  |  |  |  |  |  |  |  | (125 | )
Stock-based compensation |  |  |  |  |  |  | 14 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14 |
Other employee stock plan activities |  |  |  |  |  |  | 1 |  |  | (1 | ) |  | 8 |  |  | 141 |  |  |  |  |  | 8 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | — |  |  | — |  |  |  |  |  | — |
Balance as of March 31, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 956 |  |  | $ | 2,704 |  |  | $ | (2,457 | ) |  | (29,252 | ) |  | $ | (525 | ) |  | $ | 837 |
Balance as of December 31, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 1,014 |  |  | $ | 2,940 |  |  | $ | (2,794 | ) |  | (30,651 | ) |  | $ | (577 | ) |  | $ | 742 |
Net earnings |  |  |  |  |  |  |  |  |  | 187 |  |  |  |  |  |  |  |  |  |  |  | 187 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13 |  |  | 13 |
Dividends ($0.96 per share declared) |  |  |  |  |  |  |  |  |  | (123 | ) |  |  |  |  |  |  |  |  |  |  | (123 | )
Stock-based compensation |  |  |  |  |  |  | 16 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 16 |
Other employee stock plan activities |  |  |  |  |  |  | 3 |  |  | — |  |  | 16 |  |  | 264 |  |  |  |  |  | 19 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | (73 | ) |  | (466 | ) |  |  |  |  | (73 | )
Balance as of March 31, 2019 | $ | 159 |  |  | 158,741 |  |  | $ | 1,033 |  |  | $ | 3,004 |  |  | $ | (2,851 | ) |  | (30,853 | ) |  | $ | (564 | ) |  | $ | 781 |
| Nine Months Ended March 31
| Common Stock |  | Additional Paid-in Capital |  | Retained Earnings |  | Treasury Stock |  | Accumulated Other Comprehensive Net (Loss) Income |  | Total Stockholders’ Equity
| Amount |  | Shares (in thousands) |  |  |  | Amount |  | Shares (in thousands) |  |
Balance as of June 30, 2017 | $ | 159 |  |  | 158,741 |  |  | $ | 928 |  |  | $ | 2,440 |  |  | $ | (2,442 | ) |  | (29,727 | ) |  | $ | (543 | ) |  | $ | 542 |
Net earnings |  |  |  |  |  |  |  |  |  | 606 |  |  |  |  |  |  |  |  |  |  |  | 606 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18 |  |  | 18 |
Dividends ($2.64 per share declared) |  |  |  |  |  |  |  |  |  | (343 | ) |  |  |  |  |  |  |  |  |  |  | (343 | )
Stock-based compensation |  |  |  |  |  |  | 37 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 37 |
Other employee stock plan activities |  |  |  |  |  |  | (9 | ) |  | 1 |  |  | 48 |  |  | 951 |  |  |  |  |  | 40 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | (63 | ) |  | (476 | ) |  |  |  |  | (63 | )
Balance as of March 31, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 956 |  |  | $ | 2,704 |  |  | $ | (2,457 | ) |  | (29,252 | ) |  | $ | (525 | ) |  | $ | 837 |
Balance as of June 30, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 975 |  |  | $ | 2,797 |  |  | $ | (2,658 | ) |  | (30,759 | ) |  | $ | (547 | ) |  | $ | 726 |
Cumulative effect of accounting changes (1) |  |  |  |  |  |  |  |  |  | (3 | ) |  |  |  |  |  |  |  |  |  |  | (3 | )
Net earnings |  |  |  |  |  |  |  |  |  | 579 |  |  |  |  |  |  |  |  |  |  |  | 579 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (17 | ) |  | (17 | )
Dividends ($2.88 per share declared) |  |  |  |  |  |  |  |  |  | (369 | ) |  |  |  |  |  |  |  |  |  |  | (369 | )
Stock-based compensation |  |  |  |  |  |  | 34 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 34 |
Other employee stock plan activities |  |  |  |  |  |  | 24 |  |  | — |  |  | 116 |  |  | 2,048 |  |  |  |  |  | 140 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | (309 | ) |  | (2,142 | ) |  |  |  |  | (309 | )
Balance as of March 31, 2019 | $ | 159 |  |  | 158,741 |  |  | $ | 1,033 |  |  | $ | 3,004 |  |  | $ | (2,851 | ) |  | (30,853 | ) |  | $ | (564 | ) |  | $ | 781 |
(1) As a result of adopting ASU No. 2014-09, "Revenue from Contracts with Customers (Topic 606)," on July 1, 2018, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2019 opening balance of Retained earnings. See Note 1 for more information.
Schedule of Share Repurchases Under Authorized Programs | Stock repurchases under the two stock repurchase programs were as follows for the periods indicated:
| Three Months Ended |  | Nine Months Ended
| 3/31/2019 |  | 3/31/2018 |  | 3/31/2019 |  | 3/31/2018
| Amount |  | Shares (in thousands) |  | Amount |  | Shares (in thousands) |  | Amount |  | Shares (in thousands) |  | Amount |  | Shares (in thousands)
Open-market purchase program | $ | — |  |  | — |  |  | $ | — |  |  | — |  |  | $ | 78 |  |  | 591 |  |  | $ | — |  |  | — |
Evergreen Program | 73 |  |  | 466 |  |  | — |  |  | — |  |  | 231 |  |  | 1,551 |  |  | 63 |  |  | 476 |
Total stock repurchases | $ | 73 |  |  | 466 |  |  | $ | — |  |  | — |  |  | $ | 309 |  |  | 2,142 |  |  | $ | 63 |  |  | 476 |
Schedule of Changes in Accumulated Other Comprehensive Net (Losses) Income | Changes in Accumulated other comprehensive net (loss) income by component were as follows for the periods indicated:
| Three Months Ended March 31
| Foreign currency translation adjustments |  | Net unrealized gains (losses) on derivatives |  | Pension and postretirement benefit adjustments |  | Accumulated other comprehensive (loss) income
Balance as of December 31, 2017 | $ | (346 | ) |  | $ | (29 | ) |  | $ | (149 | ) |  | $ | (524 | )
Other comprehensive income (loss) before reclassifications | (4 | ) |  | 1 |  |  | — |  |  | (3 | )
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 1 |  |  | 1 |  |  | 2 |
Income tax benefit (expense) | — |  |  | — |  |  | — |  |  | — |
Net current period other comprehensive income (loss) | (4 | ) |  | 2 |  |  | 1 |  |  | (1 | )
Balance as of March 31, 2018 | $ | (350 | ) |  | $ | (27 | ) |  | $ | (148 | ) |  | $ | (525 | )
Balance as of December 31, 2018 | $ | (415 | ) |  | $ | (26 | ) |  | $ | (136 | ) |  | $ | (577 | )
Other comprehensive income (loss) before reclassifications | 8 |  |  | 2 |  |  | — |  |  | 10 |
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 2 |  |  | 2 |  |  | 4 |
Income tax benefit (expense) | — |  |  | (1 | ) |  | — |  |  | (1 | )
Net current period other comprehensive income (loss) | 8 |  |  | 3 |  |  | 2 |  |  | 13 |
Balance as of March 31, 2019 | $ | (407 | ) |  | $ | (23 | ) |  | $ | (134 | ) |  | $ | (564 | )
| Nine Months Ended March 31
| Foreign currency translation adjustments |  | Net unrealized gains (losses) on derivatives |  | Pension and postretirement benefit adjustments |  | Accumulated other comprehensive (loss) income
Balance as of June 30, 2017 | $ | (356 | ) |  | $ | (37 | ) |  | $ | (150 | ) |  | $ | (543 | )
Other comprehensive income (loss) before reclassifications | 9 |  |  | 6 |  |  | — |  |  | 15 |
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 6 |  |  | 4 |  |  | 10 |
Income tax benefit (expense) | (3 | ) |  | (2 | ) |  | (2 | ) |  | (7 | )
Net current period other comprehensive income (loss) | 6 |  |  | 10 |  |  | 2 |  |  | 18 |
Balance as of March 31, 2018 | $ | (350 | ) |  | $ | (27 | ) |  | $ | (148 | ) |  | $ | (525 | )
Balance as of June 30, 2018 | $ | (384 | ) |  | $ | (25 | ) |  | $ | (138 | ) |  | $ | (547 | )
Other comprehensive income (loss) before reclassifications | (22 | ) |  | (3 | ) |  | — |  |  | (25 | )
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 4 |  |  | 5 |  |  | 9 |
Income tax benefit (expense) | (1 | ) |  | 1 |  |  | (1 | ) |  | (1 | )
Net current period other comprehensive income (loss) | (23 | ) |  | 2 |  |  | 4 |  |  | (17 | )
Balance as of March 31, 2019 | $ | (407 | ) |  | $ | (23 | ) |  | $ | (134 | ) |  | $ | (564 | )

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=114867106&loc=SL7669686-108580 + Details
Name: | us-gaap_ScheduleOfAccumulatedOtherComprehensiveIncomeLossTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of changes in the separate accounts comprising stockholders' equity (in addition to retained earnings) and of the changes in the number of shares of equity securities during at least the most recent annual fiscal period and any subsequent interim period presented is required to make the financial statements sufficiently informative if both financial position and results of operations are presented. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=109259400&loc=d3e21463-112644 + Details
Name: | us-gaap_ScheduleOfStockholdersEquityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of treasury stock, including, but not limited to, average cost per share, description of share repurchase program, shares repurchased, shares held for each class of treasury stock. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 3 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23309-112656 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 45 -Paragraph 1 -URI http://asc.fasb.org/extlink&oid=6405813&loc=d3e23239-112655 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 4 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23315-112656 Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -SubTopic 30 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=6405834&loc=d3e23285-112656 + Details
Name: | us-gaap_ScheduleOfTreasuryStockByClassTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration