Leases (Tables)

12 Months Ended

Jun. 30, 2021

Leases [Abstract]

Schedule of total lease cost

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

		For the fiscal years ended June 30,
		2021		2020
	Income Statement Location	(in millions)
Operating lease costs	Selling, general and administrative	$	135	$	139
Operating lease costs	Operating expenses	37		64
Finance lease costs	Depreciation and amortization	27		6
Finance lease costs	Interest expense, net	4		1
Short term lease costs	Operating expenses	15		9
Variable lease costs	Selling, general and administrative	28		41
Total lease costs		$	246	$	260

Schedule of additional information related to leases

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

	As of June 30, 2021				As of June 30, 2020
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Weighted-average remaining lease term	11.8 years		3.7 years		12.2 years		4.7 years
Weighted-average incremental borrowing rate	3.54	%	3.64	%	3.49	%	3.64	%

	For the fiscal years ended June 30,
	2021		2020
	(in millions)
Cash paid - Operating lease liabilities	$	184	$	224
Cash paid - Finance lease liabilities - principal	30		7
Cash paid - Finance lease liabilities - interest	4		1
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	25		225

Schedule of future minimum lease payments under non-cancellable leases

Future minimum lease payments as of June 30, 2021 are as follows:

	As of June 30, 2021
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2022	$	185	$	31
Fiscal 2023	171		29
Fiscal 2024	156		29
Fiscal 2025	143		17
Fiscal 2026	127		—
Thereafter	780		—
Total future minimum lease payments	$	1,562	$	106
Less: interest	(303)		(6)
Present value of minimum payments	$	1,259	$	100

Schedule of future minimum lease payments

Future minimum lease payments as of June 30, 2021 are as follows:

	As of June 30, 2021
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2022	$	185	$	31
Fiscal 2023	171		29
Fiscal 2024	156		29
Fiscal 2025	143		17
Fiscal 2026	127		—
Thereafter	780		—
Total future minimum lease payments	$	1,562	$	106
Less: interest	(303)		(6)
Present value of minimum payments	$	1,259	$	100