RESTRUCTURING AND RELATED COSTS

3 Months Ended

Sep. 30, 2024

Restructuring and Related Activities [Abstract]

RESTRUCTURING AND RELATED COSTS

RESTRUCTURING AND RELATED COSTS

Beginning in the first quarter of fiscal year 2023, the Company recognized costs related to a plan that involves streamlining its operating model to meet its objectives of driving growth and productivity. The implementation of this new model was completed in fiscal year 2024 and is expected to enhance the Company’s ability to respond more quickly to changing consumer behaviors and innovate faster.

The total restructuring and related implementation costs, net associated with the Company’s streamlined operating model plan are reflected in the condensed consolidated statements of earnings and comprehensive income. Restructuring and related implementation costs for the three months ended September 30, 2023 were $0.

The following table reconciles the accrual for the streamlined operating model’s restructuring and related implementation costs discussed above, which are recorded within Accounts payable and accrued liabilities in the condensed consolidated balance sheets:

	Employee-Related Costs		Other		Total
Accrual Balance as of June 30, 2024	$	8	$	11	$	19
Cash payments	(6)		(11)		(17)
Accrual Balance as of September 30, 2024	$	2	$	—	$	2

The Company may, from time to time, decide to pursue additional restructuring-related initiatives that involve costs in future periods.