Leases (Tables)

12 Months Ended

Jun. 30, 2022

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,
		2022		2021		2020
	Income Statement Location	(in millions)
Operating lease costs	Selling, general and administrative	$	125	$	135	$	139
Operating lease costs	Operating expenses	36		37		64
Finance lease costs	Depreciation and amortization	27		27		6
Finance lease costs	Interest expense, net	3		4		1
Short term lease costs	Operating expenses	12		15		9
Variable lease costs	Selling, general and administrative	24		28		41
Total lease costs		$	227	$	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, 2022				As of June 30, 2021
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Weighted-average remaining lease term	11.0 years		2.8 years		11.8 years		3.7 years
Weighted-average incremental borrowing rate	3.56	%	3.64	%	3.54	%	3.64	%

	For the fiscal years ended June 30,
	2022		2021
	(in millions)
Cash paid - Operating lease liabilities	$	182	$	184
Cash paid - Finance lease liabilities - principal	27		30
Cash paid - Finance lease liabilities - interest	3		4
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	72		25

Schedule of future minimum lease payments under non-cancellable leases

Future minimum lease payments as of June 30, 2022 are as follows:

	As of June 30, 2022
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2023	$	172	$	29
Fiscal 2024	157		26
Fiscal 2025	143		15
Fiscal 2026	126		—
Fiscal 2027	120		—
Thereafter	614		—
Total future minimum lease payments	$	1,332	$	70
Less: interest	(246)		(3)
Present value of minimum payments	$	1,086	$	67

Schedule of future minimum lease payments

Future minimum lease payments as of June 30, 2022 are as follows:

	As of June 30, 2022
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2023	$	172	$	29
Fiscal 2024	157		26
Fiscal 2025	143		15
Fiscal 2026	126		—
Fiscal 2027	120		—
Thereafter	614		—
Total future minimum lease payments	$	1,332	$	70
Less: interest	(246)		(3)
Present value of minimum payments	$	1,086	$	67