Leases (Tables)

12 Months Ended

Jun. 30, 2023

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,
		2023		2022		2021
	Income Statement Location	(in millions)
Operating lease costs	Selling, general and administrative	$	121	$	125	$	135
Operating lease costs	Operating expenses	32		36		37
Finance lease costs	Depreciation and amortization	25		27		27
Finance lease costs	Interest expense, net	2		3		4
Short term lease costs	Operating expenses	16		12		15
Variable lease costs	Selling, general and administrative	24		24		28
Total lease costs		$	220	$	227	$	246

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, 2023				As of June 30, 2022
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Weighted-average remaining lease term	13.7 years		1.8 years		11.0 years		2.8 years
Weighted-average incremental borrowing rate	5.11	%	3.64	%	3.56	%	3.64	%

	For the fiscal years ended June 30,
	2023		2022		2021
	(in millions)
Cash paid - Operating lease liabilities	$	172	$	182	$	184
Cash paid - Finance lease liabilities - principal	24		27		30
Cash paid - Finance lease liabilities - interest	2		3		4
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	248		72		25

Schedule of future minimum lease payments under non-cancellable leases

Future minimum lease payments as of June 30, 2023 are as follows:

	As of June 30, 2023
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2024	$	169	$	28
Fiscal 2025	158		15
Fiscal 2026	141		—
Fiscal 2027	137		—
Fiscal 2028	100		—
Thereafter	1,084		—
Total future minimum lease payments	$	1,789	$	43
Less: interest	(549)		(1)
Present value of minimum payments	$	1,240	$	42

Schedule of future minimum lease payments

Future minimum lease payments as of June 30, 2023 are as follows:

	As of June 30, 2023
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2024	$	169	$	28
Fiscal 2025	158		15
Fiscal 2026	141		—
Fiscal 2027	137		—
Fiscal 2028	100		—
Thereafter	1,084		—
Total future minimum lease payments	$	1,789	$	43
Less: interest	(549)		(1)
Present value of minimum payments	$	1,240	$	42