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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2017
Mar. 31, 2016
Mar. 31, 2017
Mar. 31, 2016
Revenue $ 31,821 $ 30,662 $ 97,010 $ 90,162
Cost of products sold 30,093 28,973 92,089 85,285
Gross margin 1,728 1,689 4,921 4,877
Operating expenses:        
Distribution, selling, general and administrative expenses 960 914 2,792 2,678
Restructuring and employee severance 15 6 31 19
Amortization and other acquisition-related costs 128 108 365 327
Impairments and loss on disposal of assets, net 2 0 15 17
Litigation (recoveries)/charges, net 18 5 37 (3)
Operating earnings 605 656 1,681 1,839
Other (income)/expense, net (5) 0 (2) 5
Interest expense, net 46 44 134 134
Earnings before income taxes 564 612 1,549 1,700
Provision for income taxes 182 226 533 604
Net earnings 382 386 1,016 1,096
Net earnings attributable to noncontrolling interests (1) 0 (2) (1)
Net earnings attributable to Cardinal Health, Inc. $ 381 $ 386 $ 1,014 $ 1,095
Earnings per common share attributable to Cardinal Health, Inc.:        
Basic (in shares) $ 1.21 $ 1.18 $ 3.19 $ 3.33
Diluted (in shares) $ 1.20 $ 1.17 $ 3.17 $ 3.30
Weighted-average number of common shares outstanding:        
Basic (in shares) 316 328 318 328
Diluted (in shares) 318 331 320 331
Cash dividends declared per common share $ 0.4489 $ 0.3870 $ 1.3467 $ 1.1610