SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Jun. 30, 2014

SUMMARY OF SIGNIFICANT ACCOUTING POLICIES [Abstract]

Components of Cash and Cash Equivalents

	2014		2013
U.S. dollar balances held by U.S. dollar functional currency subsidiaries and at parent	$	180	$	130
Non-U.S. dollar balances held by non-U.S. dollar functional currency subsidiaries		132		115
U.S. dollar balances held by non-U.S. dollar functional currency subsidiaries		12		36
Non-U.S. dollar balances held by U.S. dollar functional currency subsidiaries		5		18
Total	$	329	$	299

Useful Lives of Property, Plant and Equipment

	Estimated Useful Lives
Buildings and leasehold improvements	10 - 40 years
Land improvements	10 - 30 years
Machinery and equipment	3 - 15 years
Computer equipment	3 - 5 years
Capitalized software costs	3 - 7 years