v3.25.2
Consolidated Statement of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash Flows From Operating Activities      
Net Income $ 3,532 $ 2,845 $ 2,084
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation 354 349 317
Amortization 553 578 501
Stock incentive plan compensation 159 155 143
Deferred income taxes (304) 32 92
Foreign currency transaction loss (gain) 46 (38) 46
(Gain) loss on disposal of property, plant and equipment (20) 12 4
Gain on sale of businesses (253) (24) (366)
Other, net 14 20 18
Changes in assets and liabilities, net of effects from acquisitions and divestitures:      
Accounts receivable, net 6 (85) (17)
Inventories (94) 101 53
Prepaid expenses (9) (49) 32
Other current assets (11) (15) (30)
Other assets (63) (117) (109)
Accounts payable, trade 119 (44) 92
Accrued payrolls and other compensation 2 (64) 87
Accrued domestic and foreign taxes (18) 27 102
Other accrued liabilities (173) (73) 113
Pensions and other postretirement benefits (21) (80) (109)
Other liabilities (43) (146) (73)
Net cash provided by operating activities 3,776 3,384 2,980
Cash Flows From Investing Activities      
Acquisitions, net of cash acquired 0 0 (7,146)
Capital expenditures (435) (400) (381)
Proceeds from sale of property, plant and equipment 32 9 13
Proceeds from sale of businesses 623 78 473
Payments of deal-contingent forward contracts 0 0 (1,405)
Other, net 4 15 269
Net cash provided by (used in) investing activities 224 (298) (8,177)
Cash Flows From Financing Activities      
Proceeds from exercise of stock options 4 4 3
Payments for common shares (1,766) (332) (297)
Acquisition of noncontrolling interests 0 (3) 0
Proceeds from notes payable, net (364) 359 358
Proceeds from long-term borrowings 751 24 2,023
Payments for long-term borrowings (1,741) (2,385) (2,341)
Financing fees paid 0 0 (13)
Dividends paid (861) (782) (704)
Net cash used in financing activities (3,977) (3,115) (971)
Effect of exchange rate changes on cash 22 (24) (5)
Net increase (decrease) in cash and cash equivalents and restricted cash 45 (53) (6,173)
Cash, cash equivalents and restricted cash at beginning of year 422 475 6,648
Cash, cash equivalents and restricted cash at end of year 467 422 475
Cash paid during the year for:      
Interest 384 491 465
Income taxes and related interest, penalties and purchased credits, net of refunds $ 927 $ 852 $ 411

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