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

9 Months Ended

Mar. 31, 2025

Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]

Business Combination, Recognized Asset Acquired and Liability Assumed

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

(in millions)	ION		GIA
Identifiable intangible assets:
Customer contracts (1)	$	235	$	—
Trademarks (2)	78		256
Non-competition agreements (3)	—		24
Total identifiable intangible assets acquired	313		280
Identifiable net assets/(liabilities):
Cash and equivalents	8		76
Trade receivables, net	59		195
Inventories	4		21
Prepaid expenses and other	5		13
Property and equipment, net	32		67
Other assets	45		287
Accounts payable	(10)		(89)
Current portion of long-term obligations and other short-term borrowings	(3)		(1)
Other accrued liabilities	(38)		(171)
Long-term obligations, less current portion	(14)		(15)
Deferred income taxes and other liabilities	(88)		(209)
Total identifiable net assets/(liabilities) acquired	313		454
Noncontrolling interest	(151)		(884)
Goodwill	908		3,241
Total net assets acquired	$	1,070	$	2,811

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

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

(3)    The weighted-average useful life of non-competition agreements is 4 years.