XML 41 R30.htm IDEA: XBRL DOCUMENT v3.24.1.u1
PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)
 9 Months Ended
Mar. 31, 2024
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, 2024 and 2023 consisted of the following:

Pension PlansOther than
Pension Plans
U.S.InternationalPost-retirement
(In millions)202420232024202320242023
Service cost$9 $10 $7 $7 $— $— 
Interest cost12 10 5 3 2 2 
Expected return on plan assets(14)(14)(7)(5)— — 
Amortization of:
Actuarial loss (gain)
1 — (2)— — — 
Prior service cost— — (1)— (1)— 
Special termination benefits— — — 1 — — 
Net periodic benefit cost$8 $6 $2 $6 $1 $2 

The components of net periodic benefit cost for the nine months ended March 31, 2024 and 2023 consisted of the following:

Pension PlansOther than
Pension Plans
U.S.InternationalPost-retirement
(In millions)202420232024202320242023
Service cost$27 $28 $20 $20 $1 $— 
Interest cost35 30 14 10 6 6 
Expected return on plan assets(41)(42)(19)(13)— — 
Amortization of:
Actuarial loss (gain)
3 2 (6)(2)— — 
Prior service cost— — (1)— (1)— 
Special termination benefits— — — 1 — — 
Net periodic benefit cost$24 $18 $8 $16 $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, 2024June 30, 2023
Other assets$113 $115 
Other accrued liabilities(35)(34)
Other noncurrent liabilities(334)(395)
Funded status(256)(314)
Accumulated other comprehensive loss212 235 
Net amount recognized$(44)$(79)