Other (income) expense, net (Tables)

12 Months Ended

Jun. 30, 2025

Other Income and Expenses [Abstract]

Schedule of Components of Other (Income) Expense, Net

The table below includes the components of other (income) expense, net in the Consolidated Statement of Income:

	2025		2024		2023
Foreign currency transaction loss (gain)(1)	$	46	$	(38)	$	46
Income related to equity method investments(2)	(178)		(152)		(124)
Non-service components of retirement benefit cost(3)	(51)		(73)		(67)
Interest income	(11)		(15)		(46)
Saegertown incident(4)	8		—		—
Loss on deal-contingent forward contracts(5)	—		—		390
Other items, net	3		2		(15)
Total other (income) expense, net	$	(183)	$	(276)	$	184
(1) Foreign currency transaction loss (gain) primarily relates to the impact of exchange rates on cash, forward contracts and intercompany transactions.
(2) Equity method investments consist of investments in joint venture companies in which ownership is 50 percent or less and in which the Company does not have operating control. The Company's share of earnings from investments in joint venture companies are reflected in other (income) expense, net. Sales to and services performed for joint venture companies totaled $96 million, $74 million and $64 million in 2025, 2024 and 2023, respectively. We received cash dividends from joint venture companies of $167 million, $148 million and $114 million in 2025, 2024 and 2023, respectively.
(3) For further discussion of the non-service components of retirement benefit cost refer to Note 13.
(4) The Saegertown incident represents the deductible and retained liability expense associated with a fire at our plant in Saegertown, Pennsylvania in February 2025.
(5) Loss on deal-contingent forward contracts includes a loss on the deal-contingent forward contracts related to the acquisition of Meggitt. Refer to Note 17 for further discussion.