FAIR VALUE MEASUREMENTS (Tables)

9 Months Ended

Mar. 31, 2025

Fair Value Disclosures [Abstract]

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2025:

(In millions)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	961	$	—	$	—	$	961
Foreign currency forward contracts	—		55		—		55
Cross-currency swap contracts	—		64		—		64
Total	$	961	$	119	$	—	$	1,080
Liabilities:
Foreign currency forward contracts	$	—	$	49	$	—	$	49
Interest rate contracts	—		118		—		118
Cross-currency swap contracts	—		4		—		4
Total	$	—	$	171	$	—	$	171

The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2024:

(In millions)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	1,507	$	—	$	—	$	1,507
Foreign currency forward contracts	—		68		—		68
Cross-currency swap contracts	—		80		—		80
Total	$	1,507	$	148	$	—	$	1,655
Liabilities:
Foreign currency forward contracts	$	—	$	21	$	—	$	21
Interest rate contracts	—		145		—		145
Total	$	—	$	166	$	—	$	166

Schedule of estimated fair values of financial instruments

The estimated fair values of the Company’s financial instruments are as follows:

	March 31, 2025				June 30, 2024
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value
Nonderivatives
Cash and cash equivalents	$	2,631	$	2,631	$	3,395	$	3,395
Current and long-term debt	7,301		6,728		7,771		7,174
Deferred consideration payable	321		322		341		340
Derivatives
Foreign currency forward contracts – asset (liability), net	6		6		47		47
Cross-currency swap contracts - asset (liability), net	60		60		80		80
Interest rate contracts – liability	(118)		(118)		(145)		(145)