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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities      
Net (loss) earnings $ (1,133) $ 409 $ 1,010
Adjustments to reconcile net (loss) earnings to net cash flows from operating activities:      
Depreciation and amortization 829 825 744
Deferred income taxes (396) (265) (186)
Non-cash stock-based compensation 304 325 267
Net loss on disposal of property, plant and equipment 19 9 13
Non-cash restructuring and other charges 20 7 36
Pension and post-retirement benefit expense 76 50 53
Pension and post-retirement benefit contributions (92) (116) (49)
Impairment of goodwill and other intangible assets 1,286 471 207
Other adjustments and non-cash items 10 14 (8)
Changes in operating assets and liabilities:      
Decrease (increase) in accounts receivable, net 230 (285) 185
Decrease (increase) in inventory and promotional merchandise 184 766 (64)
(Increase) decrease in other assets, net (11) 15 26
Increase (decrease) in accounts payable 21 (38) (333)
(Decrease) increase in other accrued and noncurrent liabilities (41) 209 (129)
Decrease in operating lease assets and liabilities, net (34) (36) (41)
Net cash flows provided by operating activities 1,272 2,360 1,731
Cash flows from investing activities      
Purchases of investments (1) (18) (8)
Capital expenditures (602) (919) (1,003)
Proceeds from sale of property, plant and equipment 3 0 0
Purchases of other intangible assets 0 0 (2,286)
Settlement of net investment hedges (23) (23) 80
Net cash flows used for investing activities (623) (960) (3,217)
Cash flows from financing activities      
(Repayments) proceeds of current debt, net 0 (215) 218
Proceeds from issuance of commercial paper (maturities after three months) 0 0 765
Repayments of commercial paper (maturities after three months) 0 (785) 0
Proceeds from issuance of long-term debt, net 0 648 1,995
Repayments of long-term debt (505) (10) (265)
Debt issuance costs 0 (4) (15)
Settlement of cross-currency swaps 20 18 0
Net proceeds from stock-based compensation transactions 15 40 88
Dividends paid to stockholders (618) (947) (925)
Payments to acquire treasury stock (35) (35) (271)
Payment for acquisition of noncontrolling interest (21) 0 0
Payment for acquisition of redeemable noncontrolling interest 0 (745) 0
Net cash flows (used for) provided by financing activities (1,144) (2,035) 1,590
Effect of exchange rate changes on Cash and cash equivalents 21 1 (32)
Net (decrease) increase in Cash and cash equivalents (474) (634) 72
Cash and cash equivalents at beginning of year 3,395 4,029 3,957
Cash and cash equivalents at end of year $ 2,921 $ 3,395 $ 4,029