CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions |
12 Months Ended |
Jun. 30, 2015 |
Jun. 30, 2014 |
Jun. 30, 2013 |
| Operating activities: |
|
|
|
| Net earnings |
$ 580
|
$ 558
|
$ 572
|
| Deduct: Losses from discontinued operations, net of tax |
(26)
|
(21)
|
(1)
|
| Earnings from continuing operations |
606
|
579
|
573
|
| Adjustments to reconcile earnings from continuing operations to net cash provided by continuing operations: |
|
|
|
| Depreciation and amortization |
169
|
177
|
180
|
| Stock-based compensation |
32
|
36
|
35
|
| Deferred income taxes |
(16)
|
(21)
|
(8)
|
| Settlement of interest rate forward contracts |
(25)
|
0
|
0
|
| Other |
(17)
|
6
|
20
|
| Changes in: |
|
|
|
| Receivables, net |
6
|
20
|
(10)
|
| Inventories, net |
(25)
|
1
|
(11)
|
| Other current assets |
6
|
5
|
12
|
| Accounts payable and accrued liabilities |
93
|
(12)
|
(29)
|
| Income taxes payable |
29
|
(5)
|
18
|
| Net cash provided by continuing operations |
858
|
786
|
780
|
| Net cash provided by (used for) discontinued operations |
16
|
(19)
|
(5)
|
| Net cash provided by operations |
874
|
767
|
775
|
| Investing activities: |
|
|
|
| Capital expenditures |
(125)
|
(137)
|
(190)
|
| Proceeds from sale-leasebacks, net of transaction costs |
0
|
0
|
135
|
| Other |
19
|
0
|
4
|
| Net cash used for investing activities from continuing operations |
(106)
|
(137)
|
(51)
|
| Net cash used for investing activities by discontinued operations |
0
|
(1)
|
(4)
|
| Net cash used for investing activities |
(106)
|
(138)
|
(55)
|
| Financing activities: |
|
|
|
| Notes and loans payable, net |
(48)
|
(60)
|
(98)
|
| Long-term debt borrowings, net of issuance costs |
495
|
0
|
593
|
| Long-term debt repayments |
(575)
|
0
|
(850)
|
| Treasury stock purchased |
(434)
|
(260)
|
(128)
|
| Cash dividends paid |
(385)
|
(368)
|
(335)
|
| Issuance of common stock for employee stock plans and other |
251
|
96
|
133
|
| Net cash used for financing activities |
(696)
|
(592)
|
(685)
|
| Effect of exchange rate changes on cash and cash equivalents |
(19)
|
(7)
|
(3)
|
| Net increase in cash and cash equivalents |
53
|
30
|
32
|
| Cash and cash equivalents: |
|
|
|
| Beginning of year |
329
|
299
|
267
|
| End of year |
382
|
329
|
299
|
| Supplemental cash flow information: |
|
|
|
| Interest paid |
104
|
76
|
129
|
| Income taxes paid, net of refunds |
236
|
312
|
263
|
| Noncash financing activities: |
|
|
|
| Cash dividends declared and accrued, but not paid |
$ 99
|
$ 95
|
$ 93
|