Leases (Tables)

12 Months Ended

Jun. 30, 2024

Leases [Abstract]

Schedule of total lease cost

The total lease cost for operating 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	$	104	$	110	$	115
Operating lease costs	Operating expenses	10		9		11
Short term lease costs	Operating expenses	21		16		12
Variable lease costs	Selling, general and administrative	24		22		20
Total lease costs		$	159	$	157	$	158

Schedule of additional information related to leases

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

	As of June 30,
	2024		2023
Weighted-average remaining lease term	14.1 years		14.7 years
Weighted-average incremental borrowing rate	5.28	%	5.19	%

	For the fiscal years ended June 30,
	2024		2023		2022
	(in millions)
Cash paid - Operating lease liabilities	$	134	$	132	$	138
Operating lease right-of-use assets obtained in exchange for operating lease liabilities	13		238		37

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
	(in millions)
Fiscal 2025	$	136
Fiscal 2026	112
Fiscal 2027	116
Fiscal 2028	80
Fiscal 2029	70
Thereafter	961
Total future minimum lease payments	$	1,475
Less: interest	(474)
Present value of minimum payments	$	1,001