Leases (Tables)

9 Months Ended

Mar. 31, 2020

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		For the
			three months ended		nine months ended
			March 31,		March 31,
	Income Statement Location		2020		2020
			(in millions)
Operating lease costs		Selling, general and administrative	$	50	$	149
Operating lease costs		Operating expenses		1		7
Short term lease costs		Operating expenses		2		7
Variable lease costs		Selling, general and administrative		10		29
Total lease costs			$	63	$	192

Schedule of Additional Information Related To Operating Lease

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

	As of
	March 31, 2020
Weighted-average remaining lease term		11.3 years
Weighted-average incremental borrowing rate		3.27	%

	For the
	nine months ended
	March 31,
	2020
	(in millions)
Cash paid - Operating lease liabilities	$	175
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 March 31, 2020 are as follows:

	As of
	March 31, 2020
	(in millions)
Fiscal 2020 (three months remaining)	$	54
Fiscal 2021		190
Fiscal 2022		193
Fiscal 2023		182
Fiscal 2024		168
Thereafter		935
Total future minimum lease payments		1,722
Less: interest		317
Present value of minimum payments	$	1,405