Leases (Tables)

12 Months Ended

Jun. 30, 2024

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,
		2024		2023		2022
	Income Statement Location	(in millions)
Operating lease costs	Selling, general and administrative	$	113	$	121	$	125
Operating lease costs	Operating expenses	31		32		36
Finance lease costs	Depreciation and amortization	24		25		27
Finance lease costs	Interest expense, net	1		2		3
Short term lease costs	Operating expenses	21		16		12
Variable lease costs	Selling, general and administrative	27		24		24
Total lease costs		$	217	$	220	$	227

Schedule of additional information related to leases

Additional information related to the Company’s operating and finance leases under ASC 842, Leases:

	As of June 30, 2024				As of June 30, 2023
	Operating Leases		Finance Leases		Operating Leases		Finance Leases
Weighted-average remaining lease term	13.1 years		1.1 years		13.7 years		1.8 years
Weighted-average incremental borrowing rate	5.22	%	3.64	%	5.11	%	3.64	%

	For the fiscal years ended June 30,
	2024		2023		2022
	(in millions)
Cash paid:
Operating lease liabilities	$	169	$	172	$	182
Finance lease liabilities - principal	24		24		27
Finance lease liabilities - interest	1		2		3
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	20		248		72

Schedule of future minimum lease payments under non-cancellable leases

Future minimum lease payments as of June 30, 2024 are as follows:

	As of June 30, 2024
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2025	$	169	$	19
Fiscal 2026	138		4
Fiscal 2027	139		—
Fiscal 2028	103		—
Fiscal 2029	91		—
Thereafter	999		—
Total future minimum lease payments	$	1,639	$	23
Less: interest	(495)		—
Present value of minimum payments	$	1,144	$	23

Schedule of future minimum lease payments

Future minimum lease payments as of June 30, 2024 are as follows:

	As of June 30, 2024
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2025	$	169	$	19
Fiscal 2026	138		4
Fiscal 2027	139		—
Fiscal 2028	103		—
Fiscal 2029	91		—
Thereafter	999		—
Total future minimum lease payments	$	1,639	$	23
Less: interest	(495)		—
Present value of minimum payments	$	1,144	$	23