FINANCIALS
| Years ended June 30 Dollars in millions, except share and per share data |
2020 | 2019 | 2018 |
|---|---|---|---|
| Net sales | $6,721 | $6,214 | $6,124 |
| Cost of products sold | 3,658 | 3,486 | 3,449 |
| Gross profit | 3,063 | 2,728 | 2,675 |
| Selling and administrative expenses | 969 | 856 | 837 |
| Advertising costs | 675 | 612 | 570 |
| Research and development costs | 145 | 136 | 132 |
| Interest expense | 99 | 97 | 85 |
| Other (income) expense, net | (10) | 3 | (3) |
| Earnings before income taxes | 1,185 | 1,024 | 1,054 |
| Income taxes | 246 | 204 | 231 |
| Net earnings | $939 | $820 | $823 |
| Net earnings per share | |||
| Basic net earnings per share | $7.46 | $6.42 | $6.37 |
| Diluted net earnings per share | $7.36 | $6.32 | $6.26 |
| Weighted average shares outstanding (in thousands) | |||
| Basic | 125,828 | 127,734 | 129,293 |
| Diluted | 127,671 | 129,792 | 131,581 |