FINANCIALS

Condensed CONSOLIDATED STATEMENTS OF STOCKHOLDERS’ EQUITY
Dollars in millions, except per share data Common
Stock Amount		 Common
Stock Shares
(in thousands)		 Additional
Paid-in Capital		 Retained Earnings Treasury
Stock Amount		 Treasury
Stock Shares
(in thousands)		 Accumulated Other Comprehensive Net (Loss) Income Total
Balance as of June 30, 2017 $159 158,741 $928 $2,440 $(2,442) (29,727) $(543) $ 542
Net earnings       823       823
Other comprehensive (loss) income             (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 changes(1)		       36     (39) (3)
Net earnings       820       820
Other comprehensive (loss) income             (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
Cumulative effect of accounting changes(2)       22       22
Net earnings       939       939
Other comprehensive (loss) income             (38) (38)
Dividends ($4.29 per share declared)       (544)       (544)
Stock-based compensation     50         50
Other employee stock plan activities     41 — 121 2,043   162
Treasury stock purchased         (242) (1,531)   (242)
Balance as of June 30, 2020 $159 158,741 $1,137 $3,567 $(3,315) (32,543) $(640) $ 908
  1. As a result of adopting ASU No. 2014-09, “Revenue from Contracts with Customers (ASC 606),” on July 1, 2018, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2019 opening balance of Retained earnings.
  2. As a result of adopting ASU No. 2016-02, “Leases (ASC 842),” on July 1, 2019, the Company recorded a cumulative effect of initially applying the new guidance as an adjustment to the fiscal year 2020 opening balance of Retained earnings.