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Share-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Schedule of Total Share-based Compensation Expense by Type of Award
The following table provides total share-based compensation expense by type of award:
(in millions)
2020
 
2019
 
2018
Restricted share unit expense
$
70

 
$
63

 
$
73

Employee stock option expense
3

 
10

 
22

Performance share unit expense
17

 
9

 
(10
)
Total share-based compensation expense
$
90

 
$
82

 
$
85
Schedule of Stock Option Transactions Under the Plans
The following table summarizes all stock option transactions under the Plans:
(in millions, except per share amounts)
Stock
Options
 
Weighted-Average
Exercise Price per
Common Share
Outstanding at June 30, 2018
7

 
$
64.50

Granted
—

 
—

Exercised
—

 
—

Canceled and forfeited
(1
)
 
72.54

Outstanding at June 30, 2019
6

 
63.78

Granted
—

 
—

Exercised
(1
)
 
42.36

Canceled and forfeited
—

 
—

Outstanding at June 30, 2020
5

 
$
65.15

Exercisable at June 30, 2020
5

 
$
65.25
Schedule of Additional Data Related to Stock Option Activity
The following table provides additional detail related to stock options:
(in millions, except per share amounts)
2020
 
2019
 
2018
Aggregate intrinsic value of outstanding options at period end
$
12

 
$
10

 
$
13

Aggregate intrinsic value of exercisable options at period end
12

 
10

 
13

Aggregate intrinsic value of exercised options
8

 
1

 
14

Net proceeds/(withholding) from share-based compensation
26

 
3

 
(3
)
Excess tax benefits from share based compensation
6

 
7

 
10

Total compensation cost, net of estimated forfeitures, related to unvested stock options not yet recognized, pre-tax
1

 
5

 
17

Total fair value of shares vested during the year
8

 
20

 
19

Weighted-average grant date fair value per stock option
$
8.26

 
$
8.34

 
$
13.50
Schedule of Remaining Stock Option Plan Data
(in years)
2020
 
2019
 
2018
Weighted-average remaining contractual life of outstanding options
5
 
5
 
7
Weighted-average remaining contractual life of exercisable options
5
 
5
 
5
Weighted-average period over which stock option compensation cost is expected to be recognized
1
 
1
 
2
Schedule of Range of Assumptions Used to Estimate Fair Value of Stock Options The following table provides the range of assumptions used to estimate the fair value of stock options:
 
2018
Risk-free interest rate
2.1%
Expected volatility
25%
Dividend yield
2.7%
-
2.8%
Expected life in years
7
Schedule of Transactions Related to Restricted Share Units Under the Plans
The following table summarizes all transactions related to restricted share units under the Plans:
(in millions, except per share amounts)
Restricted Share Units
 
Weighted-Average
Grant Date Fair
Value per Share
Nonvested at June 30, 2018
2

 
$
71.58

Granted
2

 
50.13

Vested
(1
)
 
74.52

Canceled and forfeited
(1
)
 
62.32

Nonvested at June 30, 2019
2

 
51.65

Granted
2

 
42.71

Vested
(1
)
 
60.21

Canceled and forfeited
—

 
—

Nonvested at June 30, 2020
3

 
$
45.92
Additional Restricted Shares and Restricted Share Units Activity
The following table provides additional data related to restricted share unit activity:
(in millions)
2020
 
2019
 
2018
Total compensation cost, net of estimated forfeitures, related to nonvested restricted share and share unit awards not yet recognized, pre-tax
$
77

 
$
75

 
$
78

Weighted-average period in years over which restricted share and share unit cost is expected to be recognized (in years)
2

 
2

 
2

Total fair value of shares vested during the year
$
57

 
$
68

 
$
65
Schedule of Transactions Related to Performance Share Units Under the Plans
The following table summarizes all transactions related to performance share units under the Plans (based on target award amounts):
(in millions, except per share amounts)
Performance
Share Units
 
Weighted-Average
Grant Date Fair
Value per Share
Nonvested at June 30, 2018
0.4

 
$
66.13

Granted
0.6

 
50.96

Vested
—

 
—

Canceled and forfeited
(0.1
)
 
52.20

Nonvested at June 30, 2019
0.9

 
51.45

Granted
0.7

 
44.03

Vested
(0.1
)
 
48.40

Canceled and forfeited
(0.2
)
 
50.92

Nonvested at June 30, 2020
1.3

 
$
54.24
Additional Data Related to Performance Share Units Activity
The following table provides additional data related to performance share unit activity:
(in millions)
2020
 
2019
 
2018
Total compensation cost, net of estimated forfeitures, related to nonvested performance share units not yet recognized, pre-tax
$
29

 
$
12

 
$
1

Weighted-average period over which performance share unit cost is expected to be recognized (in years)
2

 
2

 
2

Total fair value of shares vested during the year
$
5

 
$
—

 
$
14