SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

9 Months Ended

Mar. 31, 2025

Accounting Policies [Abstract]

Schedule of inventory and promotional merchandise

Inventory and promotional merchandise consists of the following:

(In millions)	March 31, 2025		June 30, 2024
Raw materials	$	617	$	696
Work in process	277		308
Finished goods	846		903
Promotional merchandise	219		268
Total inventory and promotional merchandise	$	1,959	$	2,175

Schedule of property, plant and equipment

Property, plant and equipment consists of the following:

(In millions)	March 31, 2025		June 30, 2024
Assets (Useful Life)
Land and improvements(1)	$	71	$	68
Buildings and improvements (10 to 40 years)	998		929
Machinery and equipment (3 to 20 years)	1,354		1,253
Computer hardware and software (4 to 10 years)	1,911		1,861
Furniture and fixtures (5 to 10 years)	138		137
Leasehold improvements	2,534		2,418
Construction in progress	418		500
Total property, plant and equipment, gross	7,424		7,166
Less accumulated depreciation and amortization	(4,365)		(4,030)
Total property, plant and equipment, net	$	3,059	$	3,136

(1)Land improvements are depreciated over a 10 year useful life.

Schedule of Effective Income Tax Rate Reconciliation

	Three Months Ended March 31,				Nine Months Ended March 31,
	2025		2024		2025		2024
Effective rate for income taxes	34.0	%	31.1	%	0.3	%	33.9	%
Basis-point change from the prior-year period	290				(3,360)

Schedule of other accrued liabilities

Other accrued liabilities consist of the following:

(In millions)	March 31, 2025		June 30, 2024
Advertising, merchandising and sampling	$	306	$	276
Employee compensation	492		576
Accrued sales incentives	328		426
Accrued restructuring	257		86
Deferred revenue	276		327
Payroll and other non-income taxes	328		333
Accrued income taxes	203		335
Sales return accrual	258		248
Other	900		797
Total other accrued liabilities	$	3,348	$	3,404