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RETIREMENT BENEFIT OBLIGATIONS (Tables)
 12 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Schedule of Amounts Recognized in Balance Sheets The Company recognized these amounts in the Balance Sheets at June 30, 2026 and 2025 as follows:
Pension Benefits
DomesticForeign
Postretirement benefits
Total
20262025202620252026202520262025
(in millions)
Other non-current assets$3 $— $166 $165 $— $— $169 $165 
Other current liabilities(1)— (3)(3)(6)(7)(10)(10)
Retirement benefit obligations(6)(19)(47)(50)(44)(48)(97)(117)
Net asset (liability) recognized
$(4)$(19)$116 $112 $(50)$(55)$62 $38 
Schedule of Change in Projected Benefit Obligation, Change in Fair Value of Plan Assets and Funded Status
The following table sets forth the change in the projected benefit obligation, change in the fair value of the Company’s plan assets and funded status:
Pension Benefits
DomesticForeign
Postretirement Benefits
Total
As of June 30,
20262025202620252026202520262025
(in millions)
Projected benefit obligation, beginning of the year
$220 $228 $598 $590 $55 $56 $873 $874 
Service cost— — 1 1 — — 1 1 
Interest cost10 12 29 29 2 3 41 44 
Benefits paid(22)(26)(42)(40)(5)(7)(69)(73)
Settlements(a)
— — (3)(6)— — (3)(6)
Actuarial (gain) loss
— 6 (10)(20)(2)2 (12)(12)
Foreign exchange rate changes— — (20)44 — 1 (20)45 
Projected benefit obligation, end of the year
208 220 553 598 50 55 811 873 
Change in the fair value of plan assets for the Company’s benefit plans:
Fair value of plan assets, beginning of the year
201 200 710 686 — — 911 886 
Actual return on plan assets15 10 24 14 — — 39 24 
Employer contributions10 17 4 3 — — 14 20 
Benefits paid(22)(26)(42)(40)— — (64)(66)
Settlements(a)
— — (3)(6)— — (3)(6)
Foreign exchange rate changes— — (24)53 — — (24)53 
Fair value of plan assets, end of the year
204 201 669 710 — — 873 911 
Funded status$(4)$(19)$116 $112 $(50)$(55)$62 $38 
(a)Amounts related to payments made to former employees of the Company in full settlement of their pension benefits.
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
Amounts recognized in Accumulated other comprehensive loss consist of:
Pension Benefits
DomesticForeign
Postretirement Benefits
Total
As of June 30,
20262025202620252026202520262025
(in millions)
Actuarial losses (gains)$109 $118 $314 $331 $(8)$(6)$415 $443 
Prior service cost (benefit)— — 6 7 (15)(20)(9)(13)
Net amounts recognized$109 $118 $320 $338 $(23)$(26)$406 $430 
Schedule of Accumulated and Projected Benefit Obligations and Fair Value of Plan Assets for Funded and Unfunded Pension Plans
Below is information about funded and unfunded pension plans:
Domestic Pension Benefits
Funded PlansUnfunded PlansTotal
As of June 30,
202620252026202520262025
(in millions)
Projected benefit obligation$201 $213 $7 $7 $208 $220 
Accumulated benefit obligation201 213 7 7 208 220 
Fair value of plan assets204 201 — — 204 201 
Foreign Pension Benefits
Funded PlansUnfunded PlansTotal
As of June 30,
202620252026202520262025
(in millions)
Projected benefit obligation$503 $545 $50 $53 $553 $598 
Accumulated benefit obligation501 545 50 53 551 598 
Fair value of plan assets669 710 — — 669 710 
Schedule of Components of Net Periodic Benefits Costs (Income)
The amortization of amounts related to unrecognized prior service costs (credits), deferred losses and settlements, curtailments and other were reclassified out of Other comprehensive income as a component of net periodic benefit costs. The components of net periodic benefit costs were as follows:
Pension Benefits
Domestic
Foreign
Postretirement Benefits
Total
For the fiscal years ended June 30,
202620252024202620252024202620252024202620252024
(in millions)
Service cost benefits earned during the period
$— $— $— $1 $1 $1 $— $— $— $1 $1 $1 
Interest costs on projected benefit obligations
10 12 13 29 29 33 2 3 3 41 44 49 
Expected return on plan assets
(11)(11)(12)(44)(40)(37)— — — (55)(51)(49)
Amortization of deferred losses
5 5 5 15 15 15 — — — 20 20 20 
Amortization of prior service credits
— — — — — — (4)(4)(4)(4)(4)(4)
Settlements, curtailments and other
— — — — — 11 — — — — — 11 
Net periodic benefit costs (income) – Total$4 $6 $6 $1 $5 $23 $(2)

$(1)$(1)$3 $10 $28 
Pension Benefits
Domestic
Foreign
Postretirement Benefits
For the fiscal years ended June 30,
202620252024202620252024202620252024
Additional information
Weighted-average assumptions used to determine benefit obligations
Discount rate5.6%5.5%5.6%5.8%5.5%5.2%5.4%5.3%5.5%
Rate of increase in future compensationN/AN/AN/A2.6%2.6%2.9%N/AN/AN/A
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate for PBO5.5%5.6%5.4%5.5%5.2%5.4%5.3%5.5%5.5%
Discount rate for service cost
N/AN/AN/A4.6%5.3%5.4%N/A5.6%5.5%
Discount rate for interest on PBO
5.0%5.5%5.5%5.1%5.1%5.7%4.9%5.4%5.6%
Expected return on plan assets6.0%5.8%6.0%6.5%5.9%5.4%N/AN/AN/A
Rate of increase in future compensationN/AN/AN/A2.6%2.9%3.9%N/AN/AN/A
Schedule of Assumptions Used
The following assumed health care cost trend rates as of June 30 were also used in accounting for postretirement benefits:
Postretirement benefits
20262025
Health care cost trend rate8.0 %6.6 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.0 %5.4 %
Year that the rate reaches the ultimate trend rate20412031
Schedule of Health Care Cost Trend Rates
The following assumed health care cost trend rates as of June 30 were also used in accounting for postretirement benefits:
Postretirement benefits
20262025
Health care cost trend rate8.0 %6.6 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.0 %5.4 %
Year that the rate reaches the ultimate trend rate20412031
Schedule of Expected Benefit Payments
The following table sets forth the estimated benefit payments for the next five fiscal years, and in aggregate for the five fiscal years thereafter. The expected benefits are estimated based on the same assumptions used to measure the Company’s benefit obligation at the end of the fiscal year and include benefits attributable to estimated future employee service:
Expected Benefit Payments
Pension Benefits
Postretirement Benefits
Total
DomesticForeign
(in millions)
Fiscal Year
2027$20 $48 $6 $74 
202819 46 6 71 
202919 45 5 69 
203018 45 5 68 
203117 46 5 68 
2032 to 203680 216 19 315 
Schedule of Allocation of Plan Assets
The table below presents the Company’s plan assets by level within the fair value hierarchy, as described in Note 2—Summary of Significant Accounting Policies, as of June 30, 2026 and 2025:
20262025
Fair Value Measurements at Reporting Date Using
Total
Fair
Value
Fair Value Measurements at Reporting Date Using
Total
Fair
Value
Level 1Level 2Level 3NAVLevel 1Level 2Level 3NAV
(in millions)
Assets
Pooled funds:(a)
Domestic equity funds$— $— $— $26 $26 $— $— $— $35 $35 
International equity funds— — — 16 16 — 19 — 20 39 
Domestic fixed income funds— — — 132 132 — — — 111 111 
International fixed income funds— 513 — 94 607 — 533 — 119 652 
Balanced funds— 29 — — 29 — 28 — — 28 
Other11 28 6 18 63 16 5 6 19 46 
Total$11 $570 $6 $286 $873 $16 $585 $6 $304 $911 
(a)Open-ended pooled funds that are registered and/or available to the general public are valued at the daily published net asset value (“NAV”). Other pooled funds are valued at the NAV provided by the fund issuer.
Schedule of Weighted-Average Asset Allocations, by Asset Category
The Company’s benefit plan weighted-average asset allocations, by asset category, are as follows:
Pension Assets
As of June 30,
20262025
Asset Category
Equity securities6 %10 %
Debt securities89 %84 %
Cash and other5 %6 %
Total100 %100 %