Leases (Tables)

9 Months Ended

Mar. 31, 2020

Leases [Abstract]

Schedule of Lessee Operating Lease Components of Balance Sheet and Other Supplemental Information

The following amounts were recorded in the Company’s Balance Sheet relating to its operating leases and other supplemental information:

	As of March 31, 2020
	(in millions)
ROU assets	$	531
Lease liabilities
Current lease liabilities	$	134
Non-current lease liabilities		431
Total lease liabilities	$	565
Other supplemental information
Weighted average remaining lease term	7 years
Weighted average discount rate		3	%

Summary of Lease Costs and Supplemental Cash Flows Information

The following table presents information about the Company’s lease costs and supplemental cash flows information for leases:

	For the three months ended March 31, 2020		For the nine months ended March 31, 2020
	(in millions)
Lease costs
Total lease costs(a)	$	34	$	95
Supplemental cash flows information
Operating cash flows from operating leases	$	43	$	124
ROU assets obtained in exchange for operating lease liabilities(b)	$	33	$	45

^(a) Total lease costs of $34 million and $95 million for the three and nine months ended March 31, 2020, respectively, are net of sublease income of approximately $15 million and $40 million, respectively.

^{(b) Primarily related to leases obtained through the Company’s acquisitions (See Note 2—Acquisitions, Disposals and Other Transactions under the heading “Acquisitions and Disposals”).}

Schedule of lease payments relating to the Company’s operating leases

The following table presents the lease payments relating to the Company’s operating leases:

	As of March 31, 2020
	(in millions)
Fiscal Year
2020	$	41
2021		132
2022		93
2023		91
2024		87
Thereafter		207
Total lease payments(a)		651
Less: imputed interest		(86	)
Present value of operating lease liabilities	$	565

^(a) In addition to the total lease payments presented above, the Company has a lease for an office facility with total lease payments of approximately $55 million that has not yet commenced as of March 31, 2020.