PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)

9 Months Ended

Mar. 31, 2020

Retirement Benefits [Abstract]

Schedule of components of net periodic benefit cost for pension and other post-retirement benefit plans

The components of net periodic benefit cost for the three months ended March 31, 2020 and 2019 consisted of the following:

	Pension Plans								Other than Pension Plans
	U.S.				International				Post-retirement
(In millions)	2020		2019		2020		2019		2020		2019
Service cost	$	9	$	10	$	9	$	8	$	—	$	1
Interest cost	9		10		3		3		2		2
Expected return on plan assets	(14)		(15)		(4)		(3)		—		(1)
Amortization of:
Actuarial loss	5		3		1		—		—		—
Special termination benefits	—		—		1		—		—		—
Net periodic benefit cost	$	9	$	8	$	10	$	8	$	2	$	2

The components of net periodic benefit cost for the nine months ended March 31, 2020 and 2019 consisted of the following:

	Pension Plans								Other than Pension Plans
	U.S.				International				Post-retirement
(In millions)	2020		2019		2020		2019		2020		2019
Service cost	$	29	$	28	$	27	$	23	$	2	$	2
Interest cost	26		28		8		9		5		6
Expected return on plan assets	(40)		(41)		(11)		(10)		(1)		(2)
Amortization of:
Actuarial loss	12		8		4		2		—		—
Special termination benefits	—		—		1		—		—		—
Net periodic benefit cost	$	27	$	23	$	29	$	24	$	6	$	6

Schedule of amounts recognized in the consolidated balance sheets related to the Company's pension and post-retirement benefit plans

The amounts recognized in the consolidated balance sheets related to the Company’s pension and post-retirement benefit plans consist of the following:

(In millions)	March 31 2020		June 30 2019
Other assets	$	125	$	105
Other accrued liabilities	(27)		(27)
Other noncurrent liabilities	(430)		(418)
Funded status	(332)		(340)
Accumulated other comprehensive loss	319		334
Net amount recognized	$	(13)	$	(6)