XML 37 R22.htm IDEA: XBRL DOCUMENT v3.19.2
OTHER (INCOME) EXPENSE, NET
 12 Months Ended
Jun. 30, 2019
Other Income and Expenses [Abstract]  
OTHER (INCOME) EXPENSE, NET OTHER (INCOME) EXPENSE, NET
The major components of Other (income) expense, net, for the fiscal years ended June 30 were:
 
2019
 
2018
 
2017
Income from equity investees
$
(15
)
 
$
(12
)
 
$
(19
)
Net periodic benefit cost (1)
14

 
—

 
—

Loss (gain) on sale of assets and investments, net
—

 
4

 
(11
)
Interest income
(3
)
 
(6
)
 
(4
)
Asset impairment charges
—

 
1

 
23

Amortization of trademarks and other intangible assets
17

 
11

 
10

Foreign exchange transaction (gains) losses, net
7

 
3

 
(1
)
Other
(17
)
 
(4
)
 
8

Total
$
3

 
$
(3
)
 
$
6



(1) As a result of adopting ASU No. 2017-07, “Compensation-Retirement Benefits (Topic 715),” effective July 1, 2018, net periodic benefit cost is recorded in Other (income) expense, net for fiscal year 2019, and in Cost of products sold, Selling and administrative expenses and Research and development costs prior to fiscal year 2019. Refer to Note 1 for more details.
In January 2017, the Company sold an Australian distribution facility, previously reported in the International reportable segment, which resulted in $23 in cash proceeds from investing activities and a gain of $10 included in Loss (gain) on sale of assets and investments, net in the table above for the fiscal year ended June 30, 2017.
During the second quarter of fiscal year 2017, the Company recognized a $21 non-cash charge, within the Cleaning reportable segment, related to impairing certain assets of the subsequently divested Aplicare business. The asset impairment charge is included in Asset impairment charges in the table above for the fiscal year ended June 30, 2017 and primarily related to writing down Property, plant and equipment to fair value in connection with an updated valuation of the Aplicare business.
During fiscal year 2017, the Company recognized $14 of projected environmental costs associated with its former operations at a site in Alameda County, California within Corporate. These costs are included in Other in the table above for the fiscal year ended June 30, 2017. Refer to Note 10 for further details.