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Consolidated Statements of Earnings - USD ($)
shares in Millions, $ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2018
Mar. 31, 2017
Mar. 31, 2018
Mar. 31, 2017
Revenue $ 33,633 $ 31,821 $ 101,460 $ 97,010
Cost of products sold 31,720 30,093 96,014 92,089
Gross margin 1,913 1,728 5,446 4,921
Operating expenses:        
Distribution, selling, general and administrative expenses 1,132 960 3,325 2,792
Restructuring and employee severance 2 15 155 31
Amortization and other acquisition-related costs 175 128 543 365
Impairments and (gain)/loss on disposal of assets, net (6) 2 62 15
Litigation (recoveries)/charges, net 64 18 155 37
Operating earnings 546 605 1,206 1,681
Other (income)/expense, net (2) (5) (6) (2)
Interest expense, net 84 46 251 134
Loss on Extinguishment of Debt 0 0 2 0
Earnings before income taxes 464 564 959 1,549
Provision for/(benefit from) income taxes 209 182 (466) 533
Net earnings 255 382 1,425 1,016
Net earnings attributable to noncontrolling interests 0 (1) (3) (2)
Net earnings attributable to Cardinal Health, Inc. $ 255 $ 381 $ 1,422 $ 1,014
Earnings per common share attributable to Cardinal Health, Inc.:        
Basic (in shares) $ 0.81 $ 1.21 $ 4.52 $ 3.19
Diluted (in shares) $ 0.81 $ 1.20 $ 4.50 $ 3.17
Weighted-average number of common shares outstanding:        
Basic (in shares) 313 316 314 318
Diluted (in shares) 315 318 316 320
Cash dividends declared per common share $ 0.4624 $ 0.4489 $ 1.3872 $ 1.3467