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STOCKHOLDERS' EQUITY | 6 Months Ended
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Dec. 31, 2019
Equity [Abstract] |
STOCKHOLDERS' EQUITY | STOCKHOLDERS’ EQUITY Changes in the components of Stockholders’ equity were as follows for the periods indicated:
| Three Months Ended December 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 September 30, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 984 |  |  | $ | 2,883 |  |  | $ | (2,802 | ) |  | (31,136 | ) |  | $ | (547 | ) |  | $ | 677 |
Net earnings |  |  |  |  |  |  |  |  |  | 182 |  |  |  |  |  |  |  |  |  |  |  | 182 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (30 | ) |  | (30 | )
Dividends ($0.96 per share declared) |  |  |  |  |  |  |  |  |  | (123 | ) |  |  |  |  |  |  |  |  |  |  | (123 | )
Stock-based compensation |  |  |  |  |  |  | 10 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 10 |
Other employee stock plan activities |  |  |  |  |  |  | 20 |  |  | (2 | ) |  | 46 |  |  | 738 |  |  |  |  |  | 64 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | (38 | ) |  | (253 | ) |  |  |  |  | (38 | )
Balance as of December 31, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 1,014 |  |  | $ | 2,940 |  |  | $ | (2,794 | ) |  | (30,651 | ) |  | $ | (577 | ) |  | $ | 742 |
Balance as of September 30, 2019 | $ | 159 |  |  | 158,741 |  |  | $ | 1,043 |  |  | $ | 3,241 |  |  | $ | (3,278 | ) |  | (33,246 | ) |  | $ | (615 | ) |  | $ | 550 |
Net earnings |  |  |  |  |  |  |  |  |  | 185 |  |  |  |  |  |  |  |  |  |  |  | 185 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 14 |  |  | 14 |
Dividends ($1.06 per share declared) |  |  |  |  |  |  |  |  |  | (133 | ) |  |  |  |  |  |  |  |  |  |  | (133 | )
Stock-based compensation |  |  |  |  |  |  | 13 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 13 |
Other employee stock plan activities |  |  |  |  |  |  | 6 |  |  | (1 | ) |  | 6 |  |  | 106 |  |  |  |  |  | 11 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | (85 | ) |  | (577 | ) |  |  |  |  | (85 | )
Balance as of December 31, 2019 | $ | 159 |  |  | 158,741 |  |  | $ | 1,062 |  |  | $ | 3,292 |  |  | $ | (3,357 | ) |  | (33,717 | ) |  | $ | (601 | ) |  | $ | 555 |
| Six Months Ended December 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, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 975 |  |  | $ | 2,797 |  |  | $ | (2,658 | ) |  | (30,759 | ) |  | $ | (547 | ) |  | $ | 726 |
Cumulative effect of accounting changes, net of tax (1) |  |  |  |  |  |  | (3 | ) |  |  |  |  |  |  |  | (3 | )
Net earnings |  |  |  |  |  |  |  |  |  | 392 |  |  |  |  |  |  |  |  |  |  |  | 392 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (30 | ) |  | (30 | )
Dividends ($1.92 per share declared) |  |  |  |  |  |  |  |  |  | (246 | ) |  |  |  |  |  |  |  |  |  |  | (246 | )
Stock-based compensation |  |  |  |  |  |  | 18 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 18 |
Other employee stock plan activities |  |  |  |  |  |  | 21 |  |  | — |  |  | 100 |  |  | 1,784 |  |  |  |  |  | 121 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | (236 | ) |  | (1,676 | ) |  |  |  |  | (236 | )
Balance as of December 31, 2018 | $ | 159 |  |  | 158,741 |  |  | $ | 1,014 |  |  | $ | 2,940 |  |  | $ | (2,794 | ) |  | (30,651 | ) |  | $ | (577 | ) |  | $ | 742 |
Balance as of June 30, 2019 | $ | 159 |  |  | 158,741 |  |  | $ | 1,046 |  |  | $ | 3,150 |  |  | $ | (3,194 | ) |  | (33,055 | ) |  | $ | (602 | ) |  | $ | 559 |
Cumulative effect of accounting changes, net of tax (2) |  |  |  |  |  |  |  |  |  | 22 |  |  |  |  |  |  |  |  |  |  |  | 22 |
Net earnings |  |  |  |  |  |  |  |  |  | 388 |  |  |  |  |  |  |  |  |  |  |  | 388 |
Other comprehensive income (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 1 |  |  | 1 |
Dividends ($2.12 per share declared) |  |  |  |  |  |  |  |  |  | (267 | ) |  |  |  |  |  |  |  |  |  |  | (267 | )
Stock-based compensation |  |  |  |  |  |  | 19 |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 19 |
Other employee stock plan activities |  |  |  |  |  |  | (3 | ) |  | (1 | ) |  | 26 |  |  | 578 |  |  |  |  |  | 22 |
Treasury stock purchased |  |  |  |  |  |  |  |  |  |  |  |  | (189 | ) |  | (1,240 | ) |  |  |  |  | (189 | )
Balance as of December 31, 2019 | $ | 159 |  |  | 158,741 |  |  | $ | 1,062 |  |  | $ | 3,292 |  |  | $ | (3,357 | ) |  | (33,717 | ) |  | $ | (601 | ) |  | $ | 555 |
(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. (2) As a result of adopting ASU No. 2016-02, “Leases (Topic 842),” on July 1, 2019, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2020 opening balance of Retained earnings. See Note 1 for more information. The Company has two stock repurchase programs: an open-market purchase program with an authorized aggregate purchase amount of up to $2,000, which has no expiration date, and a program to offset the anticipated impact of dilution related to stock-based awards (the Evergreen Program), which has no authorization limit on the dollar amount and no expiration date. Stock repurchases under the two stock repurchase programs were as follows for the periods indicated:
| Three Months Ended |  | Six Months Ended
| 12/31/2019 |  | 12/31/2018 |  | 12/31/2019 |  | 12/31/2018
| Amount |  | Shares (in thousands) |  | Amount |  | Shares (in thousands) |  | Amount |  | Shares (in thousands) |  | Amount |  | Shares (in thousands)
Open-market purchase program | $ | 85 |  |  | 577 |  |  | $ | — |  |  | — |  |  | $ | 85 |  |  | 577 |  |  | $ | 78 |  |  | 591 |
Evergreen Program | — |  |  | — |  |  | 38 |  |  | 253 |  |  | 104 |  |  | 663 |  |  | 158 |  |  | 1,085 |
Total stock repurchases | $ | 85 |  |  | 577 |  |  | $ | 38 |  |  | 253 |  |  | $ | 189 |  |  | 1,240 |  |  | $ | 236 |  |  | 1,676 |
Changes in Accumulated other comprehensive net (loss) income by component were as follows for the periods indicated:
| Three Months Ended December 31
| Foreign currency translation adjustments |  | Net unrealized gains (losses) on derivatives |  | Pension and postretirement benefit adjustments |  | Accumulated other comprehensive net (loss) income
Balance as of September 30, 2018 | $ | (386 | ) |  | $ | (24 | ) |  | $ | (137 | ) |  | $ | (547 | )
Other comprehensive income (loss) before reclassifications | (28 | ) |  | (9 | ) |  | — |  |  | (37 | )
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 5 |  |  | 1 |  |  | 6 |
Income tax benefit (expense) | (1 | ) |  | 2 |  |  | — |  |  | 1 |
Net current period other comprehensive income (loss) | (29 | ) |  | (2 | ) |  | 1 |  |  | (30 | )
Balance as of December 31, 2018 | $ | (415 | ) |  | $ | (26 | ) |  | $ | (136 | ) |  | $ | (577 | )
Balance as of September 30, 2019 | $ | (430 | ) |  | $ | (21 | ) |  | $ | (164 | ) |  | $ | (615 | )
Other comprehensive income (loss) before reclassifications | 9 |  |  | 2 |  |  | — |  |  | 11 |
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 2 |  |  | 1 |  |  | 3 |
Income tax benefit (expense), and other | — |  |  | — |  |  | — |  |  | — |
Net current period other comprehensive income (loss) | 9 |  |  | 4 |  |  | 1 |  |  | 14 |
Balance as of December 31, 2019 | $ | (421 | ) |  | $ | (17 | ) |  | $ | (163 | ) |  | $ | (601 | )
| Six Months Ended December 31
| Foreign currency translation adjustments |  | Net unrealized gains (losses) on derivatives |  | Pension and postretirement benefit adjustments |  | Accumulated other comprehensive net (loss) income
Balance as of June 30, 2018 | $ | (384 | ) |  | $ | (25 | ) |  | $ | (138 | ) |  | $ | (547 | )
Other comprehensive income (loss) before reclassifications | (30 | ) |  | (5 | ) |  | — |  |  | (35 | )
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 2 |  |  | 3 |  |  | 5 |
Income tax benefit (expense) | (1 | ) |  | 2 |  |  | (1 | ) |  | — |
Net current period other comprehensive income (loss) | (31 | ) |  | (1 | ) |  | 2 |  |  | (30 | )
Balance as of December 31, 2018 | $ | (415 | ) |  | $ | (26 | ) |  | $ | (136 | ) |  | $ | (577 | )
Balance as of June 30, 2019 | $ | (414 | ) |  | $ | (23 | ) |  | $ | (165 | ) |  | $ | (602 | )
Other comprehensive income (loss) before reclassifications | (6 | ) |  | 3 |  |  | — |  |  | (3 | )
Amounts reclassified from Accumulated other comprehensive net (loss) income | — |  |  | 4 |  |  | 3 |  |  | 7 |
Income tax benefit (expense), and other | (1 | ) |  | (1 | ) |  | (1 | ) |  | (3 | )
Net current period other comprehensive income (loss) | (7 | ) |  | 6 |  |  | 2 |  |  | 1 |
Balance as of December 31, 2019 | $ | (421 | ) |  | $ | (17 | ) |  | $ | (163 | ) |  | $ | (601 | )
Included in foreign currency translation adjustments are re-measurement losses on long-term intercompany loans where settlement is not planned or anticipated in the foreseeable future. For the three and six months ended December 31, 2019, Other comprehensive income (loss) on these loans totaled $0 and $(1), respectively. For the three and six months ended December 31, 2018, Other comprehensive income (loss) on these loans totaled $(2) and $(4), respectively. There were no amounts associated with these loans reclassified from Accumulated other comprehensive net (loss) income for the periods presented.

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- Definition The entire disclosure for shareholders' equity comprised of portions attributable to the parent entity and noncontrolling interest, including other comprehensive income. Includes, but is not limited to, balances of common stock, preferred stock, additional paid-in capital, other capital and retained earnings, accumulated balance for each classification of other comprehensive income and amount of comprehensive income. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 505 -URI http://asc.fasb.org/topic&trid=2208762 + Details
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