financial statements

Condensed Consolidated Statements of Stockholders’ Equity

Dollars in millions, except per share data	Amount	Shares (in thousands)	Additional Paid-in Capital	Retained Earnings	Amount	Shares (in thousands)	Accumulated Other Comprehensive Net (Loss) Income	Total
Balance as of June 30, 2016	$159	158,741	$868	$2,163	$(2,323)	(29,386)	$(570)	$297
Net earnings				701				701
Other comprehensive income (loss)							27	27
Dividends ($3.24 per share declared)				(421)				(421)
Stock-based compensation			51					51
Other employee stock plan activities			9	(3)	70	1,164		76
Treasury stock purchased					(189)	(1,505)		(189)
Balance as of June 30, 2017	159	158,741	928	2,440	(2,442)	(29,727)	(543)	542
Net earnings				823				823
Other comprehensive income (loss)							(4)	(4)
Dividends ($3.60 per share declared)				(467)				(467)
Stock-based compensation			53					53
Other employee stock plan activities			(6)	1	56	1,139		51
Treasury stock purchased					(272)	(2,171)		(272)
Balance as of June 30, 2018	159	158,741	975	2,797	(2,658)	(30,759)	(547)	726
Cumulative effect of accounting changes1				36			(39)	(3)
Net earnings				820				820
Other comprehensive income (loss)							(16)	(16)
Dividends ($3.94 per share declared)				(503)				(503)
Stock-based compensation			43					43
Other employee stock plan activities			28	—	124	2,178		152
Treasury stock purchased					(660)	(4,474)		(660)
Balance as of June 30, 2019	$159	158,741	$1,046	$3,150	$(3,194)	(33,055)	$(602)	$559

1. The opening balances of Retained Earnings and Accumulated other comprehensive net (loss) income were adjusted as a result of adopting Accounting Standards Update (ASU) No. 2014-09, “Revenue from Contracts with Customers (Topic 606),” on July 1, 2018 and ASU No. 2018-02, “Income Statement-Reporting Comprehensive Income (Topic 220): Reclassification of Certain Tax Effects from Accumulated Other Comprehensive Income,” on April 1, 2019, respectively.