Shareholders' Equity (Tables)

9 Months Ended

Mar. 31, 2023

Equity [Abstract]

Schedule of Changes in Ordinary and Treasury Shares

The changes in ordinary and treasury shares during the nine months ended March 31, 2023 and 2022 were as follows:

	Ordinary Shares			Treasury Shares
(shares and $ in millions)	Number of Shares	Amount		Number of Shares	Amount
Balance as of June 30, 2021	1,538	$	15	3	$	(29)
Share buy-back / cancellations	(36)	—		—	—
Options exercised and shares vested	—	—		(11)	127
Purchase of treasury shares	—	—		11	(133)
Balance as of March 31, 2022	1,503	$	15	3	$	(35)
Balance as of June 30, 2022	1,489	$	15	2	$	(18)
Share buyback / cancellations	(18)	—		—	—
Options exercised and shares vested	—	—		(19)	225
Purchase of treasury shares	—	—		18	(221)
Balance as of March 31, 2023	1,471	$	15	1	$	(14)

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the components of accumulated other comprehensive loss during the nine months ended March 31, 2023 and 2022 were as follows:

	Foreign Currency Translation		Net Investment Hedge		Pension		Effective Derivatives		Total Accumulated Other Comprehensive Loss
($ in millions)	(Net of Tax)		(Net of Tax)		(Net of Tax)		(Net of Tax)
Balance as of June 30, 2021	$	(691)	$	(13)	$	(54)	$	(8)	$	(766)
Other comprehensive income / (loss) before reclassifications	(41)		—		(1)		8		(34)
Amounts reclassified from accumulated other comprehensive loss	—		—		4		(11)		(7)
Net current period other comprehensive income / (loss)	(41)		—		3		(3)		(41)
Balance as of March 31, 2022	$	(732)	$	(13)	$	(51)	$	(11)	$	(807)
Balance as of June 30, 2022	$	(892)	$	(13)	$	40	$	(15)	$	(880)
Other comprehensive loss before reclassifications	(48)		—		(1)		(2)		(51)
Amounts reclassified from accumulated other comprehensive loss	74		—		(1)		1		74
Net current period other comprehensive income / (loss)	26		—		(2)		(1)		23
Balance as of March 31, 2023	$	(866)	$	(13)	$	38	$	(16)	$	(857)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The following tables provide details of amounts reclassified from accumulated other comprehensive loss:

	Three Months Ended March 31,				Nine Months Ended March 31,
($ in millions)	2023		2022		2023		2022
Amortization of pension:
Amortization of prior service credit	$	(1)	$	(1)	$	(3)	$	(3)
Amortization of actuarial loss	1		1		2		4
Effect of pension settlement	—		—		—		3
Total before tax effect	—		—		(1)		4
Tax effect on amounts reclassified into earnings	—		—		—		—
Total net of tax	$	—	$	—	$	(1)	$	4
(Gains) / losses on cash flow hedges:
Commodity contracts	$	(4)	$	(3)	$	(2)	$	(15)
Forward exchange contracts	1		(1)		2		(1)
Treasury locks	1		1		2		2
Total before tax effect	(2)		(3)		2		(14)
Tax effect on amounts reclassified into earnings	—		1		(1)		3
Total net of tax	$	(2)	$	(2)	$	1	$	(11)
Losses on foreign currency translation:
Foreign currency translation adjustment	$	—	$	—	$	74	$	—
Total before tax effect	—		—		74		—
Tax effect on amounts reclassified into earnings	—		—		—		—
Total net of tax	$	—	$	—	$	74	$	—