FINANCIALS

Condensed CONSOLIDATED BALANCE SHEETS
Years ended June 30
Dollars in millions, except share and per share data
2020 2019
ASSETS    
Current assets    
Cash and cash equivalents $871 $111
Receivables, net 648 631
Inventories, net 454 512
Prepaid expenses and other current assets 47 51
Total current assets 2,020 1,305
Property, plant and equipment, net 1,103 1,034
Operating lease right-of-use assets 291
Goodwill 1,577 1,591
Trademarks, net 785 791
Other intangible assets, net 109 121
Other assets 328 274
Total assets $6,213 $5,116
LIABILITIES AND STOCKHOLDERS’ EQUITY    
Current liabilities    
Notes and loans payable $ $396
Current operating lease liabilities 64
Accounts payable and accrued liabilities 1,329 1,035
Income taxes payable 25 9
Total current liabilities 1,418 1,440
Long-term debt 2,780 2,287
Long-term operating lease liabilities 278
Other liabilities 767 780
Deferred income taxes 62 50
Total liabilities 5,305 4,557
Commitments and contingencies    
Stockholders’ equity    
Preferred stock: $1.00 par value; 5,000,000 shares authorized; none issued or outstanding
Common stock: $1.00 par value; 750,000,000 shares authorized; 158,741,461 shares issued
as of June 30, 2020 and 2019; and 126,19h,606 and 125,686,325 shares outstanding as of
June 30, 2020 and 2019, respectively
159 159
Additional paid-in capital 1,137 1,046
Retained earnings 3,567 3,150
Treasury shares, at cost: 32,542,855 and 33,055,136 shares as of June 30, 2020 and 2019, respectively (3,315) (3,194)
Accumulated other comprehensive net (loss) income (640) (602)
Stockholders’ equity 908 559
Total liabilities and stockholders’ equity $6,213 $5,116