- 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.
- 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.
FINANCIALS
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 |