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FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)
3 Months Ended
Sep. 30, 2026
Fair Value Disclosures [Abstract]  
Schedule of Assets and Liabilities Measured at Fair Value on Recurring Basis
The following table summarizes the Company’s assets measured at fair value:
As of September 30, 2026As of June 30, 2026
Level 1Level 2Level 3TotalLevel 1Level 2Level 3Total
(in millions)
Assets:
Interest rate derivatives—cash flow hedges
$— $5 $— $5 $— $6 $— $6 
Equity and other securities
87 62 804 953 48 57 802 907 
Total assets$87 $67 $804 $958 $48 $63 $802 $913 
Schedule of Hedges Classified as Current or Non-Current in Balance Sheets Based on Maturity Dates
Derivatives are classified as current or non-current in the Balance Sheets based on their maturity dates. Refer to the table below for further details:
Balance Sheet Classification
As of
September 30, 2026
As of
June 30, 2026
(in millions)
Interest rate derivatives—cash flow hedgesOther current assets$5 $6 
Schedule of Derivative Instruments Designated as Cash Flow Hedges
The following tables present the impact that changes in the fair values had on Accumulated other comprehensive loss and the Statements of Operations during the three months ended September 30, 2026 and 2025 for derivatives designated as cash flow hedges:
Gains (losses) recognized in Accumulated other comprehensive loss for the three months ended September 30, 2026 and 2025, by derivative instrument:
For the three months ended
September 30,
20262025
(in millions)
Interest rate derivatives—cash flow hedges$1 $1 
(Gains) losses reclassified from Accumulated other comprehensive loss into the Statements of Operations for the three months ended September 30, 2026 and 2025, by derivative instrument:
Income Statement
Classification
For the three months ended
September 30,
20262025
(in millions)
Interest rate derivatives—cash flow hedgesInterest income, net$(2)$(3)