Restructuring Programs

12 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Restructuring Programs

NOTE 5. RESTRUCTURING PROGRAMS

The Company recorded restructuring charges of $94 million, $125 million and $94 million for the fiscal years ended June 30, 2024, 2023 and 2022, respectively.

Fiscal 2024 Restructuring

The restructuring charges in fiscal 2024 primarily related to employee termination benefits, including those recorded in the first half of the fiscal year resulting from actions taken by the Company’s businesses in response to the headcount reduction initiative announced in February 2023.

Fiscal 2023 Restructuring

The restructuring charges in fiscal 2023 primarily related to employee termination benefits resulting from actions taken by the Company’s businesses in response to the headcount reductions announced in February 2023.

Fiscal 2022 Restructuring

The restructuring charges in fiscal 2022 primarily related to employee termination benefits.

Changes in restructuring program liabilities were as follows:

	One-time employee termination benefits		Other costs		Total
	(in millions)
Balance, June 30, 2021	$	51	$	35	$	86
Additions	69		25		94
Payments	(92)		(19)		(111)
Other	(3)		—		(3)
Balance, June 30, 2022	$	25	$	41	$	66
Additions	116		9		125
Payments	(90)		(9)		(99)
Other	2		—		2
Balance, June 30, 2023	$	53	$	41	$	94
Additions	88		6		94
Payments	(113)		(12)		(125)
Other	(1)		—		(1)
Balance, June 30, 2024	$	27	$	35	$	62

As of June 30, 2024 and June 30, 2023 restructuring liabilities of approximately $36 million and $64 million, respectively, were included in the Balance Sheet in Other current liabilities and $26 million and $30 million, respectively, were included in Other non-current liabilities.