Trade accounts receivable, net

9 Months Ended

Mar. 31, 2024

Receivables [Abstract]

Trade accounts receivable, net

Trade accounts receivable, net

Trade accounts receivable are initially recorded at their net collectible amount and are generally recorded at the time the revenue from the sales transaction is recorded. We evaluate the collectibility of our receivables based on historical experience and current and forecasted economic conditions based on management's judgment. Additionally, receivables are written off to bad debt when management makes a final determination of uncollectibility. Allowance for credit losses was $21 million and $32 million at March 31, 2024 and June 30, 2023, respectively.

Non-trade and notes receivable

The non-trade and notes receivable caption in the Consolidated Balance Sheet is comprised of the following components:

	March 31, 2024		June 30, 2023
Notes receivable	$	87,475	$	102,288
Accounts receivable, other	222,880		206,879
Total	$	310,355	$	309,167