Restructuring and Employee Severance

6 Months Ended

Dec. 31, 2024

Restructuring Charges [Abstract]

Restructuring and Employee Severance

4. Restructuring and Employee Severance

The following tables summarize restructuring and employee severance costs:

	Three Months Ended December 31,
(in millions)	2024		2023
Employee-related	$	3	$	8
Facility exit and other	6		20
Total restructuring and employee severance	$	9	$	28

	Six Months Ended December 31,
(in millions)	2024		2023
Employee-related	$	19	$	15
Facility exit and other	14		38
Total restructuring and employee severance	$	33	$	53

Employee-related costs primarily consist of termination benefits provided to employees who have been involuntarily terminated, duplicate payroll costs, and retention bonuses incurred during transition periods. Facility exit and other costs primarily consist of project consulting fees, accelerated depreciation, professional project management, and costs associated with vacant facilities.

During the three and six months ended December 31, 2024, restructuring and employee severance costs were primarily related to the implementation of certain enterprise-wide cost-savings measures and certain initiatives to rationalize our manufacturing operations. During the three and six months ended December 31, 2023, restructuring and employee severance costs were primarily related to certain projects resulting from the review of our strategy, portfolio, capital-allocation framework and operations, and the implementation of certain enterprise-wide cost-savings measures.

The following table summarizes activity related to liabilities associated with restructuring and employee severance:

(in millions)	Employee- Related Costs		Facility Exit and Other Costs		Total
Balance at June 30, 2024	$	92	$	5	$	97
Additions	8		—		8
Payments and other adjustments	(25)		(5)		(30)
Balance at December 31, 2024	$	75	$	—	$	75