STOCK-BASED COMPENSATION PLANS (Tables)
|
12 Months Ended |
Jun. 30, 2015 |
|---|
| STOCK-BASED COMPENSATION PLANS [Abstract] |
|
| Schedule of Stock-based Compensation |
|
|
2015 |
|
|
2014 |
|
|
2013 |
|
| Cost of products sold |
|
$ |
4 |
|
|
$ |
4 |
|
|
$ |
4 |
|
| Selling and administrative expenses |
|
|
25 |
|
|
|
29 |
|
|
|
28 |
|
| Research and development costs |
|
|
3 |
|
|
|
3 |
|
|
|
3 |
|
| Total compensation cost |
|
$ |
32 |
|
|
$ |
36 |
|
|
$ |
35 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Related income tax benefit |
|
$ |
12 |
|
|
$ |
13 |
|
|
$ |
13 |
|
|
| Schedule of Stock Option Valuation Assumptions |
|
2015 |
|
2014 |
|
2013 |
| Expected life |
5.6 to 5.8 years |
|
5.7 years |
|
5.7 years |
| Weighted-average expected life |
5.7 years |
|
5.7 years |
|
5.7 years |
| Expected volatility |
16.3% to 18.6% |
|
18.4% to 18.5% |
|
18.7% to 19.2% |
| Weighted-average volatility |
16.6% |
|
18.5% |
|
19.1% |
| Risk-free interest rate |
1.4% to 2.0% |
|
1.8% to 1.9% |
|
0.6% to 0.8% |
| Weighted-average risk-free interest rate |
1.9% |
|
1.8% |
|
0.7% |
| Dividend yield |
2.8% to 3.4% |
|
3.4% |
|
3.2%-3.6% |
| Weighted-average dividend yield |
3.3% |
|
3.4% |
|
3.6% |
|
| Summary of Stock Option Activity |
| |
|
|
|
Weighted- |
|
|
|
|
|
|
|
|
|
Average |
|
|
Average |
|
|
|
|
Number of |
|
Exercise |
|
|
Remaining |
|
Aggregate |
|
|
|
Shares |
|
Price |
|
|
Contractual |
|
Intrinsic |
|
| |
|
(In thousands) |
|
per Share |
|
|
Life |
|
Value |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Options outstanding as of June 30, 2014 |
|
|
10,368 |
|
|
$ |
69 |
|
|
6 years |
|
$ |
232 |
|
| Granted |
|
|
1,895 |
|
|
|
91 |
|
|
|
|
|
|
|
| Exercised |
|
|
(3,605) |
|
|
|
64 |
|
|
|
|
|
|
|
| Cancelled |
|
|
(301) |
|
|
|
82 |
|
|
|
|
|
|
|
| Options outstanding as of June 30, 2015 |
|
|
8,357 |
|
|
$ |
76 |
|
|
7 years |
|
$ |
236 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Options vested as of June 30, 2015 |
|
|
4,094 |
|
|
$ |
68 |
|
|
5 years |
|
$ |
148 |
|
|
| Summary of Restricted Stock Award Activity |
|
|
|
|
|
Weighted-Average |
|
|
|
Number of |
|
Grant Date |
|
|
Shares |
|
Fair Value |
|
|
(In thousands) |
|
per Share |
|
|
|
|
|
|
|
|
|
|
| Restricted stock awards as of June 30, 2014 |
|
21 |
|
|
$ |
81 |
|
| Granted |
|
10 |
|
|
|
96 |
|
| Vested |
|
(8) |
|
|
|
78 |
|
| Forfeited |
|
(5) |
|
|
|
81 |
|
| Restricted stock awards as of June 30, 2015 |
|
18 |
|
|
$ |
91 |
|
|
| Summary of Performance Units Award Activity |
|
|
|
|
Weighted-Average |
|
|
|
Number of |
|
Grant Date |
|
|
|
Shares |
|
Fair Value |
|
|
|
(In thousands) |
|
per Share |
|
| |
|
|
|
|
|
|
| Performance unit awards as of June 30, 2014 |
|
|
1,221 |
|
|
$ |
73 |
|
| Granted |
|
|
332 |
|
|
|
90 |
|
| Distributed |
|
|
(349) |
|
|
|
68 |
|
| Forfeited |
|
|
(81) |
|
|
|
80 |
|
| Performance unit awards as of June 30, 2015 |
|
|
1,123 |
|
|
$ |
79 |
|
| |
|
|
|
|
|
|
|
|
| Perfomance units vested and deferred as of June 30, 2015 |
|
|
179 |
|
|
$ |
58 |
|
|