INVENTORIES

12 Months Ended

Jun. 30, 2021

Inventory Disclosure [Abstract]

INVENTORIES

INVENTORIES

Inventories consisted of the following as of June 30:

	2021		2020
Finished goods	$	543	$	340
Raw materials and packaging	229		140
Work in process	11		7
LIFO allowances	(31)		(33)
Total	$	752	$	454

The LIFO method was used to value approximately 34% and 31% of inventories as of June 30, 2021 and 2020, respectively. The carrying values for all other inventories are determined on the FIFO method. The effect on earnings of the liquidation of LIFO layers was insignificant for each of the fiscal years ended June 30, 2021, 2020 and 2019.