Redeemable Noncontrolling Interests

9 Months Ended

Mar. 31, 2017

10. Redeemable Noncontrolling Interests

Redeemable noncontrolling interest represents the third parties' share of the net assets of naviHealth. The third-party noncontrolling interest holders hold an option that allows them to sell their noncontrolling interests to us at any time after the two-year anniversary of the closing, or earlier if a trigger event occurs. The terms of the agreement also provide us with the option to acquire any remaining noncontrolling interests at any time after the two-year anniversary of the closing, which is August 26, 2017. Our ownership interest in naviHealth was 82 percent at March 31, 2017.

The reconciliation of the changes in redeemable noncontrolling interests are as follows:



(in millions)	Redeemable Noncontrolling Interest
Balance at June 30, 2016	$	117
Net earnings attributable to redeemable noncontrolling interests	3
Net purchase of redeemable noncontrolling interests	(3		)
Balance at March 31, 2017	$	117