Leases (Tables)

6 Months Ended

Dec. 31, 2019

Leases [Abstract]

Schedule of total lease cost for operating leases

The total lease cost for operating leases included in the Statement of Operations was as follows:

			For the three months ended December 31,		For the six months ended December 31,
	Income Statement Location		2019		2019
			(in millions)
Operating lease costs		Selling, general and administrative	$	51	$	99
Operating lease costs		Operating expenses		3		6
Short term lease costs		Operating expenses		3		5
Variable lease costs		Selling, general and administrative		10		19
Total lease costs			$	67	$	129

Schedule of Additional Information Related To Operating Lease

Additional information related to the Company’s operating leases under ASU 2016-02:

	As of  December 31, 2019
Weighted-average remaining lease term		11.3 years
Weighted-average incremental borrowing rate		3.25	%
	For the six months ended December 31,
	2019
	(in millions)
Cash paid - Operating lease liabilities	$	116
Operating lease right-of-use asset obtained in exchange for operating lease liabilities	$	225

Schedule of Future minimum lease payments under non-cancellable leases

Future minimum lease payments under non-cancellable leases as of December 31, 2019 are as follows:

	As of December 31, 2019
	(in millions)
Fiscal 2020 (six months remaining)	$	119
Fiscal 2021		207
Fiscal 2022		206
Fiscal 2023		193
Fiscal 2024		177
Thereafter		968
Total future minimum lease payments		1,870
Less: interest		344
Present value of minimum payments	$	1,526