UNAUDITED QUARTERLY DATA (Details) - USD ($) $ / shares in Units, $ in Millions |
3 Months Ended | 12 Months Ended | |||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
Jun. 30, 2015 |
Mar. 31, 2015 |
Dec. 31, 2014 |
Sep. 30, 2014 |
Jun. 30, 2014 |
Mar. 31, 2014 |
Dec. 31, 2013 |
Sep. 30, 2013 |
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2013 |
|
| UNAUDITED QUARTERLY DATA [Abstract] | |||||||||||
| Net sales | $ 1,557 | $ 1,401 | $ 1,345 | $ 1,352 | $ 1,497 | $ 1,366 | $ 1,308 | $ 1,343 | $ 5,655 | $ 5,514 | |
| Cost of products sold | 847 | 796 | 773 | 774 | 855 | 791 | 753 | 759 | 3,190 | 3,158 | $ 3,142 |
| Earnings from continuing operations | 189 | 144 | 128 | 145 | 171 | 151 | 118 | 139 | 606 | 579 | 573 |
| Earnings (losses) from discontinued operations, net of tax | 2 | 30 | (3) | (55) | (1) | (14) | (3) | (3) | (26) | (21) | (1) |
| Net earnings | $ 191 | $ 174 | $ 125 | $ 90 | $ 170 | $ 137 | $ 115 | $ 136 | $ 580 | $ 558 | $ 572 |
| Net earnings (losses) per share, Basic | |||||||||||
| Continuing operations | $ 1.46 | $ 1.09 | $ 0.98 | $ 1.12 | $ 1.32 | $ 1.16 | $ 0.91 | $ 1.07 | $ 4.65 | $ 4.47 | $ 4.37 |
| Discontinued operations | 0.02 | 0.22 | (0.02) | (0.42) | 0.00 | (0.11) | (0.02) | (0.03) | (0.20) | (0.16) | 0.00 |
| Basic net earnings per share | 1.48 | 1.31 | 0.96 | 0.70 | 1.32 | 1.05 | 0.89 | 1.04 | 4.45 | 4.31 | 4.37 |
| Net earnings (losses) per share, Diluted | |||||||||||
| Continuing operations | 1.44 | 1.08 | 0.97 | 1.10 | 1.30 | 1.14 | 0.90 | 1.05 | 4.57 | 4.39 | 4.31 |
| Discontinued operations | 0.02 | 0.22 | (0.02) | (0.42) | (0.01) | (0.10) | (0.03) | (0.02) | (0.20) | (0.16) | (0.01) |
| Diluted net earnings per share | 1.46 | 1.30 | 0.95 | 0.68 | 1.29 | 1.04 | 0.87 | 1.03 | 4.37 | 4.23 | 4.30 |
| Dividends declared per common share | 0.77 | 0.74 | 0.74 | 0.74 | 0.74 | 0.71 | 0.71 | 0.71 | 2.99 | 2.87 | $ 2.63 |
| Market price (NYSE), high | 98.31 | 106.36 | 112.65 | 112.70 | 93.43 | 92.75 | 96.76 | 87.60 | 112.70 | 96.76 | |
| Market price (NYSE), low | 86.03 | $ 95.19 | $ 102.95 | $ 103.77 | 86.56 | $ 83.70 | $ 80.20 | $ 81.25 | 86.03 | 80.20 | |
| Market price (NYSE), year-end | $ 104.02 | $ 91.40 | $ 104.02 | $ 91.40 | |||||||