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Condensed Consolidated Statements Of Earnings (USD $)
In Millions, except Per Share data
3 Months Ended
Sep. 30, 2011
Sep. 30, 2010
Condensed Consolidated Statements Of Earnings  
Revenue$ 26,792.0$ 24,437.5
Cost of products sold25,707.523,475.3
Gross margin1,084.5962.2
Operating expenses:  
Distribution, selling, general and administrative expenses643.3581.5
Restructuring and employee severance3.4[1]1.8[1]
Acquisition-related costs27.411.7
Impairments and loss on sale of assets1.31.9
Litigation (recoveries)/charges, net(3.2)1.4
Operating earnings412.3363.9
Other (income)/expense, net3.8(7.5)
Interest expense, net23.522.0
Gain on sale of investment in CareFusion0(74.8)
Earnings before income taxes and discontinued operations385.0424.2
Provision for income taxes147.9129.8
Earnings from continuing operations237.1294.4
Earnings/(loss) from discontinued operations, net of tax(0.3)0.4
Net earnings$ 236.8$ 294.8
Basic earnings per Common Share:  
Continuing operations$ 0.69$ 0.84
Discontinued operations$ 0.00$ 0.00
Net basic earnings per Common Share$ 0.69$ 0.84
Diluted earnings per Common Share:  
Continuing operations$ 0.68$ 0.84
Discontinued operations$ 0.00$ 0.00
Net diluted earnings per Common Share$ 0.68$ 0.84
Weighted average number of Common Shares outstanding:  
Basic344.8348.9
Diluted349.4351.9
Cash dividends declared per Common Share$ 0.215$ 0.195
[1]We incurred restructuring expenses related to the Spin-Off of $0.4 million and $0.9 million for the three months ended September 30, 2011 and 2010, respectively.