Consolidated Balance Sheets Amounts in millions: As of June 30 2018 2017 Consolidated Statements of Shareholders' Equity Assets Lated CURRENT ASSETS Other Cash and cash equivalents 2,569 $ 5,569 Comp- Total Reserve for rehemlive Dollars in millions Common Stock Preferred id-In FSOP Debt Treasury Retained controlling Available-for-sale investment securities 9,281 holders' 9,568 shares in thousands Shares Amount Stock Retirement (Loss) Stock Earnings Interest Equity Accounts receivable 4.686 4,594 BALANCE JUNE 30, 2015 2,714,571 $4,009 $1,077 $63,852 ($1,320) ($12,780) (577,226) $84,807 $631 $63,050 INVENTORIES Net earnings 10,508 96 10,604 Materials and supplies 1.335 1,308 Other comprehensive loss (3,127) (3,127) Work in process 588 529 Dividends and dividend Finished goods 2,815 2,787 equivalents Total inventories 4,738 4.624 Common (7,181) (7,181) Prepaid expenses and other current assets 2,046 2,139 Preferred, net of tax benefits (255) (255) TOTAL CURRENT ASSETS 23,320 26,494 Treasury stock purchases (103,449 (8,217) (8,217) PROPERTY, PLANT AND EQUIPMENT, NET 20,600 19.893 Employee stock plans 52,089 (144) 3,234 3,090 GOODWILL 45,175 44,699 Preferred stock conversions 4.863 (39) 6 33 TRADEMARKS AND OTHER INTANGIBLE ASSETS, NET 23,902 24,187 ESOP debt impacts 30 74 104 OTHER NONCURRENT ASSETS 5,313 5,133 Noncontrolling interest, net (85) (85) TOTALASSETS $ 118,310 $ 120,406 BALANCE JUNE 30, 2016 2,668,074 $4,009 $1,038 $63,714 ($1,290) ($15,907) ($82,176) $87,953 $642 $57,983 Net earnings 15,326 85 15,411 Liabilities and Shareholders' Equity Other comprehensive loss 1,275 1,275 CURRENT LIABILITIES Dividends and dividend equivalents: Accounts payable 10.344 $ 9,632 Common (6,989) (6,989) Accrued and other liabilities 7,470 7.024 Preferred, net of tax benefits (247) (247) Debt due within one year 10,423 13,554 Treasury stock purchases (2 (164,866) (14,625) (14,625) TOTAL CURRENT LIABILITIES 28,237 30,210 Employee stock plans 45,848 (77) 3,058 2,981 LONG-TERM DEBT 20,863 18,038 Preferred stock conversions 4,241 (32) 28 DEFERRED INCOME TAXES 6,163 8,126 ESOP debt impacts 41 81 122 OTHER NONCURRENT LIABILITIES 10,164 8,254 65.427 $4,628 Noncontrolling interest, net (133) (133) TOTAL LIABILITIES BALANCE JUNE 30. 2017 2,553,297 $4,009 $1,006 $63,641 ($1,249) ($14,632) (593,715) $96,124 $594 $55,778 SHAREHOLDERS' EQUITY Net earnings 9,750 11I 9,861 Convertible Class A preferred stock, stated value $1 per share (600 shares authorized) 967 1,006 (117) (2) (119) Non-Voting Class B preferred stock, stated value $1 per share (200 shares authorized) Other comprehensive loss Dividends and dividend Common stock, stated value $1 per share (10,000 shares authorized; shares issued: equivalents: 2018 - 4,009.2, 2017 - 4,009.2) 4.009 4,009 Common (7,057) (7,057) Additional paid-in capital 63.846 53,641 Preferred, net of tax benefits (265) (265) Reserve for ESOP debt retirement (1,204) (1,249) Treasury stock purchases (81,439) (7,004) (7.004) Accumulated other comprehensive income/(loss) (14,749) (14,632) Treasury stock, at cost (shares held: 2018 -1,511.2, 2017 - 1,455.9) (99,217) Employee stock plans 21.655 199 1.469 1,668 (93,715) Preferred stock conversions 4.580 (39) 33 Retained earnings 98,641 96,124 ESOP debt impacts 45 89 134 Noncontrolling interest 590 594 TOTAL SHAREHOLDERS' EQUITY 52,883 Noncontrolling interest, net (113) (113) 55.778 BALANCE JUNE 30, 2018 2,498,093 $4,009 $967 563.846 ($1,204) ($14,749) ($99217) $98,641 $590 $52,88 TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY 118,310 $ 120,406 Includes $4,213 of treasury shares acquired in the divestiture of the Batteries business (see Note 13). Includes $9,421 of treasury shares received as part of the share exchange in the Beauty Brands transaction (see Note 13)