Fair Value Measurements (Tables)

3 Months Ended

Sep. 30, 2020

Fair Value Disclosures [Abstract]

Schedule of Carrying Value and Estimated Fair Value of Long-term Debt

The carrying values and estimated fair values of long-term debt with fixed interest rates (excluding capital leases) were as follows:

	September 30, 2020				June 30, 2020
	Carrying Value		Fair Value		Carrying Value		Fair Value
($ in millions)			(Level 2)				(Level 2)
Total long-term debt with fixed interest rates (excluding commercial paper and finance leases)	$	3,527	$	3,779	$	3,599	$	3,793

Schedule of Fair Value of Instruments Measured on Recurring Basis

The following table summarizes the fair value of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy:

	September 30, 2020
($ in millions)	Level 1		Level 2		Level 3		Total
Assets
Commodity contracts	$	—	$	2	$	—	$	2
Forward exchange contracts	—		6		—		6
Interest rate swaps	—		31		—		31
Total assets measured at fair value	$	—	$	39	$	—	$	39
Liabilities
Contingent purchase consideration liabilities	$	—	$	—	$	15	$	15
Commodity contracts	—		3		—		3
Forward exchange contracts	—		13		—		13
Cross currency interest rate swaps	—		5		—		5
Total liabilities measured at fair value	$	—	$	20	$	15	$	35

	June 30, 2020
($ in millions)	Level 1		Level 2		Level 3		Total
Assets
Forward exchange contracts	—		8		—		8
Interest rate swaps	—		32		—		32
Total assets measured at fair value	$	—	$	40	$	—	$	40
Liabilities
Contingent purchase consideration liabilities	$	—	$	—	$	15	$	15
Commodity contracts	—		7		—		7
Forward exchange contracts	—		17		—		17
Total liabilities measured at fair value	$	—	$	24	$	15	$	39