XML 269 R30.htm IDEA: XBRL DOCUMENT v3.25.2
ACCUMULATED OTHER COMPREHENSIVE LOSS
 12 Months Ended
Jun. 30, 2025
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]  
ACCUMULATED OTHER COMPREHENSIVE LOSS ACCUMULATED OTHER COMPREHENSIVE LOSS
The components of AOCI included in the accompanying consolidated balance sheets consist of the following:
Year Ended June 30,
(In millions)202520242023
Net derivative instruments, beginning of year$52 $44 $68 
(Loss) gain on derivative instruments (1)
(19)79 48 
Benefit (provision) for income taxes
6 (18)(11)
Reclassification to (loss) earnings during the year:
Foreign currency forward contracts (2)
(35)(50)(71)
Interest rate contracts (3)
(2)— 1 
Cross-currency swap contracts (1)(4)
(19)(19)(9)
Income tax impact of reclassification (5)
12 16 18 
Net derivative instruments, end of year(5)52 44 
Net pension and post-retirement adjustments, beginning of year(183)(177)(114)
Changes in plan assets and benefit obligations:
Net actuarial losses recognized
(31)(27)(79)
Prior service credit recognized— 25 — 
Translation adjustments(1)1 (1)
Benefit for income taxes
6 — 17 
Amortization and settlements included in net periodic benefit cost (6):
Net actuarial gains and losses
14 (4)— 
Net prior service cost(6)(3)(1)
Curtailments
(2)— — 
Settlements1 — 1 
Income tax impact of reclassification (5)
(2)2 — 
Net pension and post-retirement adjustments, end of year(204)(183)(177)
Cumulative translation adjustments, beginning of year(1,009)(801)(716)
Translation adjustments (7)
95 (129)(112)
Purchase of shares from redeemable noncontrolling interest (8)
— (73)— 
(Provision) benefit for income taxes
(4)(6)27 
Cumulative translation adjustments, end of year(918)(1,009)(801)
Accumulated other comprehensive loss$(1,127)$(1,140)$(934)
(1)Includes the gain recognized in AOCI from cross-currency swap contracts which represents the amount excluded from effectiveness testing.
(2)Amounts recorded in Net Sales in the accompanying consolidated statements of (loss) earnings.
(3)Amounts recorded in Interest expense in the accompanying consolidated statements of (loss) earnings.
(4)Amounts recorded in Selling, general and administrative in the accompanying consolidated statements of (loss) earnings.
(5)Amounts recorded in Provision for income taxes in the accompanying consolidated statements of (loss) earnings.
(6)Reclassification adjustments for pension and post-retirement plans are recorded in Other components of net periodic benefit cost in the accompanying consolidated statements of (loss) earnings.
(7)See Note 13 – Derivative Financial Instruments for gains (losses) relating to net investment hedges.
(8)Upon purchase of the remaining interest in DECIEM during the fourth quarter of fiscal 2024, the cumulative amount of translation adjustments were reallocated from redeemable noncontrolling interest back to the Company.