Other income, net (Tables)

3 Months Ended

Sep. 30, 2025

Other Income and Expenses [Abstract]

Schedule of Components of Other Income, Net

The table below includes the components of other income, net in the Consolidated Statements of Income:

	Three Months Ended
	September 30,
	2025		2024
Foreign currency transaction (gain) loss(1)	$	(7)	$	37
Income related to equity method investments(2)	(58)		(38)
Non-service components of retirement benefit cost (income)(3)	(17)		(12)
Loss (gain) on disposal of assets and divestitures	1		(9)
Interest income	(5)		(3)
Gain on insurance recoveries(4)	(20)		—
Other items, net	(1)		(6)
Total other income, net	$	(107)	$	(31)
(1) Foreign currency transaction (gain) loss 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. Sales to and services performed for joint venture companies totaled $27 million and $20 million for the three months ended September 30, 2025 and 2024, respectively. We received cash dividends from joint venture companies of $59 million and $32 million during the three months ended September 30, 2025 and 2024, respectively.
(3) For further discussion of non-service components of retirement benefit cost (income) refer to Note 12.
(4) Gain on insurance recoveries for damaged property associated with a fire at one of our U.S. facilities within the Diversified Industrial segment that occurred in the third quarter of fiscal 2025.