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Leases
 12 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Leases Leases
We primarily enter into lease agreements for office space, distribution centers, certain manufacturing facilities and equipment. Certain leases contain options that provide us with the ability to extend the lease term. Such options are included in the lease term when it is reasonably certain that the option will be exercised. When accounting for leases, we combine payments for leased assets, related services and other components of a lease. Payments within certain lease agreements are adjusted periodically for changes in an index or rate. In addition, leases with an initial term of 12 months or less are not recorded on the Consolidated Balance Sheet.
The discount rate implicit within our leases is generally not determinable, and therefore we determine the discount rate based on our incremental borrowing rate. The incremental borrowing rate for our leases is determined based on lease term and the currency in which lease payments are made.
The components of lease expense are as follows:
202520242023
Operating lease expense$64 $68 $60 
Finance lease cost:
   Amortization of lease assets8 7 6 
   Interest on lease liabilities 5 5 4 
Short-term lease cost13 9 8 
Variable lease cost6 6 6 
Total lease cost$96 $95 $84 
Supplemental cash flow information related to leases is as follows:
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - payments on operating leases$64 $65 $58 
Operating cash outflows - interest payments on finance leases5 5 4 
Financing cash outflows - payments on finance lease obligations5 5 5 
Right-of-use assets obtained in exchange for operating lease obligations18 42 45 
Right-of-use assets obtained in exchange for finance lease obligations2 4 1 
Supplemental balance sheet information related to operating leases is as follows:
20252024
Operating Leases
Operating lease right-of-use assets (included within Other assets)$192$226
Current operating lease liabilities (included within Other accrued liabilities)$47$54
Long-term operating lease liabilities (included within Other liabilities)154180
Total operating lease liabilities$201$234
Finance Leases
Property, plant and equipment$127$116
Accumulated depreciation(25)(15)
   Property, plant and equipment, net$102$101
Notes payable and long-term debt payable within one year $6$5
Long-term debt10298
   Total finance lease liabilities
$108$103
Weighted-average remaining lease term
Operating leases6.3 years6.4 years
Finance leases18.8 years19.5 years
Weighted-average discount rate
Operating leases4.3 %4.2 %
Finance leases5.2 %5.2 %
Maturities of lease liabilities at June 30, 2025 are as follows:
Operating LeasesFinance Leases
2026$54 $11 
202743 11 
202833 10 
202924 10 
203017 10 
Thereafter62 119 
Total lease payments$233 $171 
Less imputed interest32 63 
Total lease liabilities$201 $108 
Leases Leases
We primarily enter into lease agreements for office space, distribution centers, certain manufacturing facilities and equipment. Certain leases contain options that provide us with the ability to extend the lease term. Such options are included in the lease term when it is reasonably certain that the option will be exercised. When accounting for leases, we combine payments for leased assets, related services and other components of a lease. Payments within certain lease agreements are adjusted periodically for changes in an index or rate. In addition, leases with an initial term of 12 months or less are not recorded on the Consolidated Balance Sheet.
The discount rate implicit within our leases is generally not determinable, and therefore we determine the discount rate based on our incremental borrowing rate. The incremental borrowing rate for our leases is determined based on lease term and the currency in which lease payments are made.
The components of lease expense are as follows:
202520242023
Operating lease expense$64 $68 $60 
Finance lease cost:
   Amortization of lease assets8 7 6 
   Interest on lease liabilities 5 5 4 
Short-term lease cost13 9 8 
Variable lease cost6 6 6 
Total lease cost$96 $95 $84 
Supplemental cash flow information related to leases is as follows:
202520242023
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash outflows - payments on operating leases$64 $65 $58 
Operating cash outflows - interest payments on finance leases5 5 4 
Financing cash outflows - payments on finance lease obligations5 5 5 
Right-of-use assets obtained in exchange for operating lease obligations18 42 45 
Right-of-use assets obtained in exchange for finance lease obligations2 4 1 
Supplemental balance sheet information related to operating leases is as follows:
20252024
Operating Leases
Operating lease right-of-use assets (included within Other assets)$192$226
Current operating lease liabilities (included within Other accrued liabilities)$47$54
Long-term operating lease liabilities (included within Other liabilities)154180
Total operating lease liabilities$201$234
Finance Leases
Property, plant and equipment$127$116
Accumulated depreciation(25)(15)
   Property, plant and equipment, net$102$101
Notes payable and long-term debt payable within one year $6$5
Long-term debt10298
   Total finance lease liabilities
$108$103
Weighted-average remaining lease term
Operating leases6.3 years6.4 years
Finance leases18.8 years19.5 years
Weighted-average discount rate
Operating leases4.3 %4.2 %
Finance leases5.2 %5.2 %
Maturities of lease liabilities at June 30, 2025 are as follows:
Operating LeasesFinance Leases
2026$54 $11 
202743 11 
202833 10 
202924 10 
203017 10 
Thereafter62 119 
Total lease payments$233 $171 
Less imputed interest32 63 
Total lease liabilities$201 $108