Other expense (income), net (Tables)

9 Months Ended

Mar. 31, 2026

Other Income and Expenses [Abstract]

Schedule of Components of Other Income, Net

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

	Three Months Ended				Nine Months Ended
	March 31,				March 31,
	2026		2025		2026		2025
Foreign currency transaction (gain) loss(1)	$	(14)	$	10	$	(24)	$	15
Income related to equity method investments(2)	(53)		(49)		(162)		(126)
Non-service components of retirement benefit cost (income)(3)	(17)		(12)		(50)		(37)
Gain on disposal of assets and divestitures(4)	—		(5)		(8)		(262)
Interest income	(2)		(4)		(9)		(9)
Insurance-related charges (recoveries)(5)	—		8		(20)		8
Other items, net	1		6		5		6
Total other expense (income), net	$	(85)	$	(46)	$	(268)	$	(405)
(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 $29 million and $27 million for the three months ended March 31, 2026 and 2025, respectively, and $82 million and $69 million for the nine months ended March 31, 2026 and 2025, respectively. We received cash dividends from joint venture companies of $161 million and $112 million during the nine months ended March 31, 2026 and 2025, 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 nine months of fiscal 2025 refer to Note 4.
(5) Represents insurance-related charges and gains on recoveries 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.