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INVENTORIES, NET
12 Months Ended
Jun. 30, 2022
Inventory Disclosure [Abstract]  
INVENTORIES, NET INVENTORIES, NET
Inventories, net consisted of the following as of June 30:
20222021
Finished goods$593 $543 
Raw materials and packaging191 229 
Work in process16 11 
LIFO allowances(40)(31)
Total inventories, net760 752 
Non-current inventories, net (1)
— 
Total current inventories, net$755 $752 
(1) Non-current inventories, net is recorded in Other assets.
The LIFO method was used to value approximately 36% and 34% of inventories as of June 30, 2022 and 2021, 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, 2022, 2021 and 2020.