REVENUE RECOGNITION (Tables)

12 Months Ended

Jun. 30, 2024

Revenue from Contract with Customer [Abstract]

Schedule of changes in allowance for credit losses

Changes in the allowance for credit losses are as follows:

	June 30
(In millions)	2024		2023
Allowance for credit losses, beginning of period	$	16	$	10
Provision (adjustment) for expected credit losses	(4)		6
Write-offs, net & other	2		—
Allowance for credit losses, end of period	$	14	$	16

Schedule of significant changes in deferred revenue

Changes in deferred revenue are as follows:

	June 30
(In millions)	2024		2023
Deferred revenue, beginning of period	$	572	$	362
Revenue recognized that was included in the deferred revenue balance at the beginning of the period	(316)		(343)
Revenue deferred during the period	316		538
Other	(12)		15
Deferred revenue, end of period	$	560	$	572

Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction

As of June 30, 2024, the remaining contractually guaranteed minimum royalty amounts due to the Company during future periods are as follows:

(In millions)	Minimum Remaining Royalties
Fiscal 2025	$	28
Fiscal 2026	$	29
Fiscal 2027	$	30
Fiscal 2028	$	32
Fiscal 2029	$	33
Thereafter	$	160