Business Combinations, Asset Acquisitions, and Joint Venture Formation (Tables)

6 Months Ended

Dec. 31, 2024

Business Combination, Asset Acquisition, and Joint Venture Formation [Abstract]

Schedule of Recognized Identified Assets Acquired and Liabilities Assumed

The following table summarizes the estimated fair values of the assets acquired and liabilities assumed as of the acquisition date for ION:

(in millions)	ION
Identifiable intangible assets:
Customer contracts (1)	$	279
Trademarks (2)	78
Total identifiable intangible assets acquired	357
Identifiable net assets/(liabilities):
Cash and equivalents	8
Trade receivables, net	60
Inventories	4
Prepaid expenses and other	5
Property and equipment, net	31
Other assets	45
Accounts payable	(9)
Current portion of long-term obligations and other short-term borrowings	(3)
Other accrued liabilities	(38)
Long-term obligations, less current portion	(14)
Deferred income taxes and other liabilities	(62)
Total identifiable net assets/(liabilities) acquired	384
Noncontrolling interest	(72)
Goodwill	772
Total net assets acquired	$	1,084

(1)    The weighted-average useful life of customer contracts is 20 years.

(2)    The weighted-average useful life of trademarks is 10 years.