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Condensed Consolidated Statements of Cash Flows - USD ($)
$ in Millions
9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net income $ 874 $ 703
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation, amortization, and impairment 428 479
Net periodic benefit cost 6 5
Amortization of debt discount and deferred financing costs 1 2
Net gain on disposal of property, plant, and equipment 5 0
Net gain on disposal of businesses 219 0
Net foreign exchange (gain)/loss 29 (3)
Share-based compensation 42 47
Other, net 42 114
Loss from hyperinflationary accounting for Argentine subsidiaries 43 14
Deferred income taxes, net (43) (44)
Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency (869) (728)
Net cash provided by operating activities 329 589
Cash flows from investing activities:    
Issuance of loans to affiliated companies and other 1 5
Investments in affiliated companies and other (55) (11)
Business acquisitions (88) 0
Purchase of property, plant, and equipment, and other intangible assets (382) (373)
(Payments)/proceeds from divestitures 365 (1)
Proceeds from sales of property, plant, and equipment, and other intangible assets 12 7
Net cash used in investing activities (149) (383)
Net cash used in investing activities    
Proceeds from issuance of shares 133 92
Purchase of treasury shares (221) (133)
Proceeds from issuance of long-term debt 23 570
Repayment of long-term debt (334) (678)
Net borrowing of commercial paper 717 1,248
Net borrowing/(repayment) of short-term debt 58 (72)
Repayment of lease liabilities (3) (2)
Share buybacks/cancellations (200) (423)
Dividends paid (545) (550)
Net cash provided by/(used in) financing activities (372) 52
Effect of exchange rates on cash and cash equivalents (94) (31)
Net increase/(decrease) in cash and cash equivalents (286) 227
Cash and cash equivalents balance at beginning of year 850 850
Cash and cash equivalents balance at end of period 564 1,077
Supplemental cash flow information:    
Interest paid, net of amounts capitalized 202 99
Income taxes paid 130 163
Supplemental non-cash disclosures relating to investing and financing activities:    
Purchase of property, plant, and equipment, accrued but unpaid 69 85
Business acquisitions, accrued but unpaid $ 26 $ 0