PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)

6 Months Ended

Dec. 31, 2023

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 December 31, 2023 and 2022 consisted of the following:

	Pension Plans								Other than Pension Plans
	U.S.				International				Post-retirement
(In millions)	2023		2022		2023		2022		2023		2022
Service cost	$	9	$	9	$	7	$	6	$	1	$	—
Interest cost	11		10		4		4		2		2
Expected return on plan assets	(13)		(14)		(6)		(4)		—		—
Amortization of:
Actuarial loss (gain)	1		1		(2)		(1)		—		—
Net periodic benefit cost	$	8	$	6	$	3	$	5	$	3	$	2

The components of net periodic benefit cost for the six months ended December 31, 2023 and 2022 consisted of the following:

	Pension Plans								Other than Pension Plans
	U.S.				International				Post-retirement
(In millions)	2023		2022		2023		2022		2023		2022
Service cost	$	18	$	18	$	13	$	13	$	1	$	—
Interest cost	23		20		9		7		4		4
Expected return on plan assets	(27)		(28)		(12)		(8)		—		—
Amortization of:
Actuarial loss (gain)	2		2		(4)		(2)		—		—
Net periodic benefit cost	$	16	$	12	$	6	$	10	$	5	$	4

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)	December 31, 2023		June 30, 2023
Other assets	$	117	$	115
Other accrued liabilities	(35)		(34)
Other noncurrent liabilities	(364)		(395)
Funded status	(282)		(314)
Accumulated other comprehensive loss	236		235
Net amount recognized	$	(46)	$	(79)