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Condensed Consolidated Statements of Earnings and Comprehensive Income (Unaudited) - USD ($)
shares in Thousands, $ in Millions
3 Months Ended 6 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Dec. 31, 2018
Dec. 31, 2017
Income Statement [Abstract]        
Net sales $ 1,473 $ 1,416 $ 3,036 $ 2,916
Cost of products sold 830 807 1,715 1,634
Gross profit 643 609 1,321 1,282
Selling and administrative expenses 211 197 423 401
Advertising costs 145 140 284 274
Research and development costs 32 31 64 63
Interest expense 24 20 48 41
Other (income) expense, net 7 (6) 10 (3)
Earnings from continuing operations before income taxes 224 227 492 506
Income taxes on continuing operations 42 (6) 100 81
Earnings from continuing operations 182 233 392 425 [1]
Earnings (losses) from discontinued operations, net of tax 0 0 0 0 [1]
Net earnings $ 182 $ 233 $ 392 $ 425 [1]
Net earnings (losses) per share, Basic        
Continuing operations, basic (in dollars per share) $ 1.42 $ 1.81 $ 3.07 $ 3.29
Discontinued operations, basic (in dollars per share) 0.00 0.00 0.00 0.00
Basic net earnings per share (in dollars per share) 1.42 1.81 3.07 3.29
Net earnings (losses) per share, Diluted        
Continuing operations, diluted (in dollars per share) 1.40 1.77 3.02 3.23
Discontinued operations, diluted (in dollars per share) 0.00 0.00 0.00 0.00
Diluted net earnings per share (in dollars per share) $ 1.40 $ 1.77 $ 3.02 $ 3.23
Weighted average shares outstanding (in thousands)        
Basic (in shares) 128,068 129,359 127,955 129,189
Diluted (in shares) 130,094 131,655 130,107 131,559
Comprehensive income $ 152 $ 233 $ 362 $ 444
[1] *Adjusted to reflect the retrospective adoption of Accounting Standards Update (ASU) No. 2016-18, “Statement of Cash Flows (Topic 230): Restricted Cash,” effective July 1, 2018. As of December 31, 2018 and 2017 and June 30, 2018 and 2017, the Company had $3, $3, $3 and $2 of restricted cash, respectively, and the restricted cash was included in Prepaid expenses and other current assets and Other assets in the condensed consolidated balance sheets.