VALUATION AND QUALIFYING ACCOUNTS AND RESERVES
12 Months Ended
Jun. 30, 2015
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES [Abstract]  
VALUATION AND QUALIFYING ACCOUNTS AND RESERVES

VALUATION AND QUALIFYING ACCOUNTS AND RESERVES (Dollars in millions)

 

 

Column A   Column B   Column C   Column D   Column E
    Additions   Deductions  
  Balance at   Charged to   Credited to   Credited   Balance at
  beginning   costs and   costs and   to other   end
Description   of period   expenses   expenses   accounts   of period
Allowance for doubtful accounts                  
Year ended June 30, 2015   $ (3 )   $ (1)   $ -   $ -   $ (4 )
Year ended June 30, 2014   (5 )   -   2   -   (3 )
Year ended June 30, 2013   (7 )   -   2   -   (5 )
LIFO allowance          
Year ended June 30, 2015   $ (36 )   $ -   $ -   $ 2   $ (34 )
Year ended June 30, 2014   (40 )   -   3   1   (36 )
Year ended June 30, 2013   (37 )   (3 )   -   -   (40 )
Valuation allowance on deferred tax assets                                   
Year ended June 30, 2015   $ (51 )   $ (4 )   $ -   $ 21   $ (34 )
Year ended June 30, 2014   (36 )   (25 )   -   10   (51 )
Year ended June 30, 2013   (20 )   (16 )   -   -   (36 )