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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Dec. 31, 2024
Accounting Policies [Abstract]  
Schedule of inventory and promotional merchandise
Inventory and promotional merchandise consists of the following:
(In millions)December 31, 2024June 30, 2024
Raw materials
$625 $696 
Work in process
246 308 
Finished goods
877 903 
Promotional merchandise
254 268 
     Total inventory and promotional merchandise
$2,002 $2,175 
Schedule of property, plant and equipment
Property, plant and equipment consists of the following:
(In millions)December 31, 2024June 30, 2024
Assets (Useful Life)
Land and improvements(1)
$70 $68 
Buildings and improvements (10 to 40 years)
979 929 
Machinery and equipment (3 to 20 years)
1,316 1,253 
Computer hardware and software (4 to 10 years)
1,934 1,861 
Furniture and fixtures (5 to 10 years)
136 137 
Leasehold improvements
2,493 2,418 
Construction in progress401 500 
      Total property, plant and equipment, gross
7,329 7,166 
Less accumulated depreciation and amortization
(4,280)(4,030)
   Total property, plant and equipment, net
$3,049 $3,136 
(1)Land improvements are depreciated over a 10 year useful life.
Schedule of Effective Income Tax Rate Reconciliation
Three Months Ended
December 31,
Six Months Ended
December 31,
2024202320242023
Effective rate for income taxes9.2 %37.6 %10.1 %36.3 %
Basis-point change from the prior-year period(2,840)(2,620)
Schedule of other accrued liabilities
Other accrued liabilities consist of the following:
(In millions)December 31, 2024June 30, 2024
Advertising, merchandising and sampling$335 $276 
Employee compensation448 576 
Accrued sales incentives334 426 
Deferred revenue338 327 
Payroll and other non-income taxes367 333 
Accrued income taxes205 335 
Sales return accrual265 248 
Other1,205 883 
     Total other accrued liabilities
$3,497 $3,404