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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2025
Mar. 31, 2024
Operating activities:        
Net income $ 137 $ 42 $ 564 $ 283
Net (income) loss from discontinued operations, net of tax (30) 22 (2) 29
Net income from continuing operations 107 64 562 312
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:        
Depreciation and amortization 114 114 339 325
Operating lease expense     55 54
Equity losses of affiliates 0 2 11 5
Impairment charges     2 24
Deferred income taxes     83 58
Other, net     (99) 30
Change in operating assets and liabilities, net of acquisitions:        
Receivables and other assets     (95) (3)
Inventories, net     (49) 21
Accounts payable and other liabilities     (20) (105)
Net cash provided by operating activities from continuing operations     789 721
Investing activities:        
Capital expenditures     (250) (246)
Acquisitions, net of cash acquired     (53) (20)
Purchases of investments in equity affiliates and other     (141) (63)
Proceeds from sales of investments in equity affiliates and other     263 33
Other, net     (13) 0
Net cash used in investing activities from continuing operations     (194) (296)
Financing activities:        
Borrowings     61 279
Repayment of borrowings     (200) (353)
Repurchase of shares     (114) (83)
Dividends paid     (128) (115)
Other, net     (44) (50)
Net cash used in financing activities from continuing operations     (425) (322)
Cash flows from discontinued operations:        
Net cash provided by operating activities from discontinued operations     157 122
Net cash used in investing activities from discontinued operations     (65) (107)
Net cash (used in) provided by financing activities from discontinued operations     (39) 3
Net cash provided by discontinued operations     53 18
Net change in cash, cash equivalents and restricted cash     223 121
Cash, cash equivalents and restricted cash, beginning of year     1,960 1,833
Effect of exchange rate changes on cash, cash equivalents and restricted cash     (12) (11)
Cash, cash equivalents and restricted cash, end of period 2,171 1,943 2,171 1,943
Less: Cash and cash equivalents at end of period of discontinued operations (76) (16) (76) (16)
Cash and cash equivalents $ 2,095 $ 1,927 $ 2,095 $ 1,927