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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Jun. 30, 2019
Operating activities:      
Net income (loss) $ 389 $ (1,545) $ 228
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 680 644 659
Operating lease expense 128 160 0
Equity losses of affiliates 65 47 17
Cash distributions received from affiliates 15 7 32
Impairment charges 0 1,690 96
Other, net (143) (9) (33)
Deferred income taxes and taxes payable (100) (51) 0
Change in operating assets and liabilities, net of acquisitions:      
Receivables and other assets (166) (1,470) 134
Inventories, net 6 9 (58)
Accounts payable and other liabilities 363 1,298 (147)
Net cash provided by operating activities 1,237 780 928
Investing activities:      
Capital expenditures (390) (438) (572)
Acquisitions, net of cash acquired (886) (32) (188)
Investments in equity affiliates and other (26) (8) (4)
Other investments (13) 11 (34)
Proceeds from property, plant and equipment and other asset dispositions 24 36 103
Other, net (1) 4 18
Net cash used in investing activities (1,292) (427) (677)
Financing activities:      
Borrowings 1,515 926 681
Repayment of borrowings (557) (1,226) (1,116)
Dividends paid (163) (158) (161)
Other, net (96) (14) (14)
Net cash provided by (used in) financing activities 699 (472) (610)
Net change in cash and cash equivalents 644 (119) (359)
Cash and cash equivalents, beginning of year 1,517 1,643 2,034
Exchange movement on opening cash balance 75 (7) (32)
Cash and cash equivalents, end of year $ 2,236 $ 1,517 $ 1,643