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Other income, net
 6 Months Ended
Dec. 31, 2025
Other Income and Expenses [Abstract]  
Other income, net Other income, net
The table below includes the components of other income, net in the Consolidated Statements of Income:
Three Months EndedSix Months Ended
December 31,December 31,
2025202420252024
Foreign currency transaction (gain) loss(1)
$(3)$(32)$(10)$5 
Income related to equity method investments(2)
(51)(39)(109)(77)
Non-service components of retirement benefit cost (income)(3)
(16)(13)(33)(25)
Gain on disposal of assets and divestitures(4)
(9)(248)(8)(257)
Interest income(2)(2)(7)(5)
Gain on insurance recoveries(5)
— — (20)— 
Other items, net5 6 4 — 
Total other income, net
$(76)$(328)$(183)$(359)
(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 $26 million and $23 million for the three months ended December 31, 2025 and 2024, respectively, and $53 million and $43 million for the six months ended December 31, 2025 and 2024, respectively. We received cash dividends from joint venture companies of $112 million and $73 million during the six months ended December 31, 2025 and 2024, respectively.
(3) For further discussion of non-service components of retirement benefit cost (income) refer to Note 12.
(4) For further discussion of the gain on disposal of assets and divestitures during the prior-year quarter and first six months of fiscal 2025 refer to Note 4.
(5) 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.