PROPERTY, PLANT AND EQUIPMENT

12 Months Ended

Jun. 30, 2026

Property, Plant, and Equipment [Abstract]

PROPERTY, PLANT AND EQUIPMENT

NOTE 7. PROPERTY, PLANT AND EQUIPMENT

	Original Useful Lives	As of June 30,
		2026		2025
		(in millions)
Property, plant and equipment:
Land		$	123	$	123
Buildings and leaseholds	3 to 50 years	1,506		1,511
Machinery and equipment	2 to 25 years	732		752
Capitalized software	2 to 15 years	1,789		1,753
Construction in progress		93		113
Total Property, plant and equipment		4,243		4,252
Accumulated depreciation and amortization(a)		(2,845)		(2,921)
Total Property, plant and equipment, net		$	1,398	$	1,331

(a)Includes accumulated amortization of capitalized software of approximately $1,086 million and $1,149 million as of June 30, 2026 and 2025, respectively.

Depreciation and amortization related to property, plant and equipment was $385 million, $361 million and $341 million for the fiscal years ended June 30, 2026, 2025 and 2024, respectively. This includes amortization of capitalized software of $304 million, $281 million and $252 million for the fiscal years ended June 30, 2026, 2025 and 2024, respectively.

Fixed Asset Impairments

During the fiscal year ended June 30, 2024, the Company recognized non-cash impairment charges of $22 million at the News Media segment related to the write-down of fixed assets associated with the combination of News UK’s printing operations with those of DMG Media.