SUPPLEMENTAL FINANCIAL INFORMATION

12 Months Ended

Jun. 30, 2022

Supplemental Balance Sheet Disclosures [Text Block]

SUPPLEMENTAL FINANCIAL INFORMATION

The components of property, plant and equipment were as follows:


As of June 30	2022		2021
PROPERTY, PLANT AND EQUIPMENT
Buildings	$	8,087	$	8,165
Machinery and equipment	35,098		35,367
Land	756		808
Construction in progress	2,756		2,358
TOTAL PROPERTY, PLANT AND EQUIPMENT	46,697		46,698
Accumulated depreciation	(25,502)		(25,012)
PROPERTY, PLANT AND EQUIPMENT, NET	$	21,195	$	21,686

Selected components of current and noncurrent liabilities were as follows:


As of June 30	2022		2021
ACCRUED AND OTHER LIABILITIES - CURRENT
Marketing and promotion	$	3,878	$	4,140
Compensation expenses	1,797		2,145
Taxes payable	587		637
Restructuring reserves	147		278
Leases	205		219
Other	2,940		3,104
TOTAL	$	9,554	$	10,523

OTHER NONCURRENT LIABILITIES
Pension benefits	$	3,139	$	5,452
U.S. Tax Act transitional tax payable	1,661		1,891
Other retiree benefits	672		922
Uncertain tax positions	752		794
Long term operating leases	595		631
Other	797		579
TOTAL	$	7,616	$	10,269

RESTRUCTURING PROGRAM

The Company has historically incurred an ongoing annual level of restructuring-type activities to maintain a competitive cost structure, including manufacturing and workforce optimization. Before tax costs incurred under ongoing programs have generally ranged from $250 to $500 annually.

Restructuring costs incurred consist primarily of costs to separate employees, asset-related costs to exit facilities and other costs. Employee separation costs relate to severance packages that are primarily voluntary and the amounts calculated are based on salary levels and past service periods. Severance costs related to voluntary separations are generally charged to earnings when the employee accepts the offer. Asset-related costs consist of both asset write-downs and accelerated depreciation. Asset write-downs relate to the establishment of a new fair value basis for assets held-for-sale or for disposal. These assets are written down to the lower of their current carrying basis or amounts expected to be realized upon disposal, less minor disposal costs. Charges for accelerated depreciation relate to long-lived assets that will be taken out of service prior to the end of their normal service period. These assets relate primarily to manufacturing consolidations and technology standardizations. The asset-related charges will not have a significant impact on future depreciation charges. Other restructuring-type charges primarily include asset removal and termination of contracts related to supply chain and overhead optimization. The Company incurred total restructuring charges of $253 and $330 for the years ended June 30, 2022 and 2021. Of the charges incurred for fiscal year 2022, $67 were recorded in SG&A, $182 in Costs of products sold and $4 in Other non-operating income, net. Of the charges incurred in fiscal year 2021, $176 were recorded in SG&A, $134 in Costs of products sold and $20 in Other non-operating income, net. The following table presents restructuring activity for the years ended June 30, 2022 and 2021:


	Separations		Asset-Related Costs		Other		Total
RESERVE JUNE 30, 2020	$	285	$	—	$	187	$	472
Cost incurred and charged to expense	127		24		179		330
Cost paid/settled	(236)		(24)		(264)		(524)
RESERVE JUNE 30, 2021	176		—		102		278
Cost incurred and charged to expense	88		87		78		253
Cost paid/settled	(143)		(87)		(154)		(384)
RESERVE JUNE 30, 2022	$	121	$	—	$	26	$	147

Consistent with our historical policies for ongoing restructuring-type activities, the restructuring charges are funded by and included within Corporate for both management and segment reporting. Accordingly, all of the charges are included within the Corporate reportable segment.

However, for information purposes, the following table summarizes the total restructuring costs related to our reportable segments:


Years ended June 30	2022		2021		2020 (2)
Beauty	$	11	$	13	$	54
Grooming	14		25		102
Health Care	32		51		136
Fabric & Home Care	42		22		75
Baby, Feminine & Family Care	83		29		192
Corporate (1)	71		190		223
Total Company	$	253	$	330	$	782

(1) Corporate includes costs related to allocated overheads, including charges related to our Enterprise Markets, Global Business Services and Corporate Functions activities.

(2) Fiscal 2020 includes incremental restructuring charges above ongoing programs and tied to a multi-year productivity and cost savings plan (announced in 2017) to further reduce costs in the areas of supply chain, certain marketing activities and overhead expense.