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Income Taxes (Tables)
 12 Months Ended
Jun. 30, 2024
Income Tax Disclosure [Abstract]  
Schedule of Income Before Income Tax, Domestic and Foreign
The following table summarizes earnings/(loss) before income taxes:
(in millions)202420232022
U.S. operations$892 $316 $(1,015)
Non-U.S. operations309 347 231 
Earnings/(loss) before income taxes$1,201 $663 $(784)
Schedule of Components of Income Tax Expense (Benefit), Current and Deferred
The following table summarizes the components of provision for/(benefit from) income taxes:
(in millions)202420232022
Current:
Federal$305 $219 $16 
State and local68 69 30 
Non-U.S.79 84 93 
Total current$452 $372 $139 
Deferred:
Federal$(89)$(23)$42 
State and local12 11 (27)
Non-U.S.(27)(28)(1)
Total deferred$(104)$(40)$14 
Provision for/(benefit from) income taxes$348 $332 $153 
Schedule of Effective Income Tax Rate Reconciliation
The following table presents a reconciliation of the provision based on the federal statutory income tax rate to our effective income tax rate:
 202420232022
Provision at Federal statutory rate21.0 %21.0 %21.0 %
State and local income taxes, net of federal benefit3.1 6.5 2.0 
Tax effect of foreign operations(1.6)(5.4)4.7 
Nondeductible/nontaxable items(0.1)(1.1)1.2 
Impact of Divestitures— (1.9)(4.8)
Withholding Taxes1.0 1.0 (1.1)
Change in Valuation Allowances(1.1)(5.1)3.5 
US Taxes on International Income (2)
(2.1)0.6 1.9 
Impact of Resolutions with IRS and other related matters 0.4 0.3 1.6 
Opioid litigation1.0 0.1 (0.5)
Goodwill Impairment8.7 33.8 (49.9)
Other (1.4)0.2 0.9 
Effective income tax rate28.9 %50.0 %(19.5)%
(1)    This table reflects fiscal 2024 and 2023 pretax income with tax expense, fiscal 2022 pretax loss with tax expense.
(2)    Includes the tax impact of Global Intangible Low-Taxed Income ("GILTI") tax, the Foreign-Derived Intangible Income deduction and other foreign income that is taxable under the U.S. tax code.
Schedule of Deferred Tax Assets and Liabilities
The following table presents the components of the deferred income tax assets and liabilities at June 30:
(in millions)20242023
Deferred income tax assets:
Receivable basis difference$81 $74 
Accrued liabilities749 704 
Share-based compensation28 29 
Loss and tax credit carryforwards512 672 
Deferred tax assets related to uncertain tax positions45 39 
Other76 58 
Total deferred income tax assets1,491 1,576 
Valuation allowance for deferred income tax assets(300)(421)
Net deferred income tax assets$1,191 $1,155 
Deferred income tax liabilities:
Inventory basis differences$(1,122)$(1,229)
Property-related(350)(336)
Goodwill and other intangibles(710)(624)
Self-Insurance(981)(975)
Total deferred income tax liabilities$(3,163)$(3,164)
Net deferred income tax liability
$(1,972)$(2,009)
Schedule of Deferred Tax Assets and Liabilities after Netting by Tax Jurisdiction
Deferred income tax assets and liabilities in the preceding table, after netting by taxing jurisdiction and for uncertain tax positions, are in the following captions in the consolidated balance sheets at June 30:
(in millions)20242023
Noncurrent deferred income tax asset (1)$72 $53 
Noncurrent deferred income tax liability (2)(2,044)(2,060)
Noncurrent deferred income tax liability transferred to held for sale— (2)
Net deferred income tax liability$(1,972)$(2,009)
(1)Included in other assets in the consolidated balance sheets.
(2)Included in deferred income taxes and other liabilities in the consolidated balance sheets.
Schedule of Unrecognized Tax Benefits Roll Forward The following table presents a reconciliation of the beginning and ending amounts of unrecognized tax benefits:
(in millions)202420232022
Balance at beginning of fiscal year$1,015 $948 $957 
Additions for tax positions of the current year30 25 7 
Additions for tax positions of prior years28 133 19 
Reductions for tax positions of prior years(87)(16)(19)
Settlements with tax authorities (3)(73)(12)
Expiration of the statute of limitations (2)(2)(4)
Balance at end of fiscal year
$981 $1,015 $948