Fair Value Measurements (Tables)

12 Months Ended

Jun. 30, 2019

Fair Value Disclosures [Abstract]

Fair Value, Assets and Liabilities Measured on Recurring Basis

The following tables present the fair values for assets and (liabilities) measured on a recurring basis at June 30:

	2019
(in millions)	Level 1		Level 2		Level 3		Total
Assets:
Other investments (1)	$	118	$	—	$	—	$	118
Forward contracts (2)	—		53		—		53

	2018
(in millions)	Level 1		Level 2			Level 3		Total
Assets:
Cash equivalents	$	200	$	—		$	—	$	200
Other investments (1)	117		—			—		117
Liabilities:
Forward contracts (2)	—		(76		)	—		(76		)

(1) The other investments balance includes investments in mutual funds, which are used to offset fluctuations in deferred compensation liabilities. These mutual funds invest in the equity securities of companies with both large and small market capitalization and high-quality fixed income debt securities. The fair value of these investments is determined using quoted market prices.

(2) The

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation

.