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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Operating activities:      
Net income (loss) $ 760 $ 389 $ (1,545)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:      
Depreciation and amortization 688 680 644
Operating lease expense 125 128 160
Equity losses of affiliates 13 65 47
Cash distributions received from affiliates 23 15 7
Impairment charges 15 0 1,690
Other, net (52) (143) (9)
Deferred income taxes and taxes payable (125) (100) (51)
Change in operating assets and liabilities, net of acquisitions:      
Receivables and other assets (51) (166) (1,470)
Inventories, net (87) 6 9
Accounts payable and other liabilities 45 363 1,298
Net cash provided by operating activities 1,354 1,237 780
Investing activities:      
Capital expenditures (499) (390) (438)
Acquisitions, net of cash acquired (1,501) (886) (32)
Investments in equity affiliates and other (71) (26) (8)
Other investments (41) (13) 11
Proceeds from property, plant and equipment and other asset dispositions 3 24 36
Other, net 33 (1) 4
Net cash used in investing activities (2,076) (1,292) (427)
Financing activities:      
Borrowings 1,690 1,515 926
Repayment of borrowings (838) (557) (1,226)
Repurchase of shares (179) 0 0
Dividends paid (175) (163) (158)
Other, net (94) (96) (14)
Net cash provided by (used in) financing activities 404 699 (472)
Net change in cash and cash equivalents (318) 644 (119)
Cash and cash equivalents, beginning of year 2,236 1,517 1,643
Exchange movement on opening cash balance (96) 75 (7)
Cash and cash equivalents, end of year $ 1,822 $ 2,236 $ 1,517