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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Operating activities:    
Net income $ 267 $ 47
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation and amortization 165 164
Operating lease expense 32 32
Equity losses of affiliates 0 1
Cash distributions received from affiliates 4 4
Other, net (137) (17)
Deferred income taxes and taxes payable 27 10
Change in operating assets and liabilities, net of acquisitions:    
Receivables and other assets 9 (46)
Inventories, net (59) 2
Accounts payable and other liabilities (240) (42)
Net cash provided by operating activities 68 155
Investing activities:    
Capital expenditures (101) (93)
Acquisitions, net of cash acquired 0 (1)
Investments in equity affiliates and other (16) (7)
Proceeds from property, plant and equipment and other asset dispositions (2) 2
Other, net 24 3
Net cash used in investing activities (95) (96)
Financing activities:    
Borrowings 378 123
Repayment of borrowings (383) (119)
Dividends paid (27) (20)
Other, net (53) (34)
Net cash used in financing activities (85) (50)
Net change in cash and cash equivalents (112) 9
Cash and cash equivalents, beginning of period 2,236 1,517
Exchange movement on opening cash balance (24) 13
Cash and cash equivalents, end of period $ 2,100 $ 1,539