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POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN (Tables)
 12 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan [Table Text Block]
Obligation and Funded Status. The following provides a reconciliation of benefit obligations, plan assets and funded status of these defined benefit plans:
Pension Benefits (1)
Other Retiree Benefits (2)
Fiscal years ended June 302023202220232022
CHANGE IN BENEFIT OBLIGATION
Benefit obligation at beginning of year (3)
$12,608 $18,469 $3,070 $4,206 
Service cost173 253 71 86 
Interest cost430 253 142 99 
Participants' contributions13 14 50 67 
Amendments (4)
8 5 — (586)
Net actuarial loss/(gain)(550)(4,067)(208)(586)
Special termination benefits5 4 4 1 
Currency translation and other363 (1,720)31 51 
Benefit payments(551)(603)(227)(268)
BENEFIT OBLIGATION AT END OF YEAR (3)
$12,499 $12,608 $2,933 $3,070 
CHANGE IN PLAN ASSETS
Fair value of plan assets at beginning of year$10,173 $13,041 $6,889 $6,444 
Actual return on plan assets37 (1,233)482 526 
Employer contributions392 222 42 37 
Participants' contributions13 14 50 67 
Currency translation and other310 (1,268)1 1 
ESOP debt impacts (5)
— — 87 82 
Benefit payments(551)(603)(227)(268)
FAIR VALUE OF PLAN ASSETS AT END OF YEAR$10,374 $10,173 $7,324 $6,889 
FUNDED STATUS$(2,125)$(2,435)$4,391 $3,819 
(1)Primarily non-U.S.-based defined benefit retirement plans.
(2)Primarily U.S.-based other postretirement benefit plans.
(3)For the pension benefit plans, the benefit obligation is the projected benefit obligation. For other retiree benefit plans, the benefit obligation is the accumulated postretirement benefit obligation.
(4)For the other retiree benefits, the amendment primarily relates to adjustments in the self-insured U.S. retiree health care program to utilize fully-insured Medicare Advantage Programs impacting fiscal year 2022.
(5)Represents the net impact of ESOP debt service requirements, which is netted against plan assets for other retiree benefits.
Schedule of Amounts Recognized in Balance Sheet [Table Text Block] In these instances, benefit payments are typically paid directly from the Company's cash as they become due.
Pension BenefitsOther Retiree Benefits
As of June 302023202220232022
CLASSIFICATION OF NET AMOUNT RECOGNIZED
Noncurrent assets$1,085 $765 $5,119 $4,525 
Current liabilities(94)(61)(38)(34)
Noncurrent liabilities(3,116)(3,139)(690)(672)
NET AMOUNT RECOGNIZED$(2,125)$(2,435)$4,391 $3,819 
AMOUNTS RECOGNIZED IN ACCUMULATED OTHER COMPREHENSIVE (INCOME)/LOSS (AOCI)
Net actuarial loss/(gain)$1,818 $1,906 $(1,160)$(1,093)
Prior service cost/(credit)156 170 (787)(907)
NET AMOUNTS RECOGNIZED IN AOCI$1,974 $2,076 $(1,947)$(2,000)
Schedule of Accumulated and Projected Benefit Obligations [Table Text Block] Information related to the funded status of selected pension and other retiree benefits at June 30 is as follows:
As of June 3020232022
PENSION PLANS WITH A PROJECTED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS
Projected benefit obligation$7,967 $7,989 
Fair value of plan assets4,758 4,789 
PENSION PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS
Accumulated benefit obligation$7,442 $7,191 
Fair value of plan assets4,677 4,433 
OTHER RETIREE BENEFIT PLANS WITH AN ACCUMULATED BENEFIT OBLIGATION IN EXCESS OF PLAN ASSETS
Accumulated benefit obligation$818 $808 
Fair value of plan assets89 102 
Schedule of Net Benefit Costs [Table Text Block] Net Periodic Benefit Cost. Components of the net periodic benefit cost were as follows:
Pension BenefitsOther Retiree Benefits
Fiscal years ended June 30202320222021202320222021
AMOUNTS RECOGNIZED IN NET PERIODIC BENEFIT COST/(CREDIT)
Service cost$173 $253 $275 $71 $86 $94 
Interest cost430 253 240 142 99 114 
Expected return on plan assets(591)(684)(783)(611)(564)(508)
Amortization of net actuarial loss/(gain)133 337 423 (7)11 47 
Amortization of prior service cost/(credit) 26 28 25 (125)(107)(60)
Amortization of net actuarial loss/(gain) due to settlements— (5)5 — — — 
Special termination benefits5 4 17 4 1 2 
GROSS BENEFIT COST/(CREDIT)176 186 202 (526)(474)(311)
Dividends on ESOP preferred stock— — — — — (8)
NET PERIODIC BENEFIT COST/(CREDIT)$176 $186 $202 $(526)$(474)$(319)
CHANGE IN PLAN ASSETS AND BENEFIT OBLIGATIONS RECOGNIZED IN AOCI
Net actuarial loss/(gain) - current year$4 $(2,150)$(79)$(548)
Prior service cost/(credit) - current year8 5 — (586)
Amortization of net actuarial loss/(gain)(133)(337)7 (11)
Amortization of prior service (cost)/credit(26)(28)125 107 
Amortization of net actuarial loss/(gain) due to settlements— 5 — — 
Currency translation and other45 (486)— 13 
TOTAL CHANGE IN AOCI(102)(2,991)53 (1,025)
NET AMOUNTS RECOGNIZED IN PERIODIC BENEFIT COST/(CREDIT) AND AOCI$74 $(2,805)$(473)$(1,499)
Defined Benefit Plan, Assumptions [Table Text Block] The weighted average assumptions used to determine benefit obligations recorded on the Consolidated Balance Sheets as of June 30, 2023 and 2022, were as follows: (1)
Pension BenefitsOther Retiree Benefits
As of June 302023202220232022
Discount rate4.2 % 3.7 % 5.6 % 5.0 %
Rate of compensation increase2.9 %2.8 %N/AN/A
Interest crediting rate for cash balance plans4.3 %4.3 %N/AN/A
Health care cost trend rates assumed for next yearN/AN/A6.1 %6.4 %
Rate to which the health care cost trend rate is assumed to decline (ultimate trend rate)N/AN/A4.5 %4.5 %
Year that the rate reaches the ultimate trend rateN/AN/A20282028
(1)Determined as of end of fiscal year.
The weighted average assumptions used to determine net benefit cost recorded on the Consolidated Statement of Earnings for the fiscal years ended June 30 were as follows: (1)
Pension BenefitsOther Retiree Benefits
Fiscal years ended June 30202320222021202320222021
Discount rate3.7 %1.7 %1.5 %5.0 %3.2 %3.1 %
Expected return on plan assets5.9 %5.5 %6.5 %8.4 %8.4 %8.4 %
Rate of compensation increase2.8 %2.7 %2.5 %N/AN/AN/A
Interest crediting rate for cash balance plans4.3 %4.4 %4.4 %N/AN/AN/A
(1)Determined as of beginning of fiscal year.
Schedule of Allocation of Plan Assets [Table Text Block] Our target asset allocation for the fiscal year ended June 30, 2023, and actual asset allocation by asset category as of June 30, 2023 and 2022, were as follows:
Target Asset AllocationActual Asset Allocation at June 30
Pension BenefitsOther Retiree
Benefits		Pension BenefitsOther Retiree Benefits
Asset Category2023202220232022
Cash1 %2 %1 %1 %2 %2 %
Debt securities59 %— %60 %58 %1 %1 %
Equity securities40 %98 %39 %41 %97 %97 %
TOTAL100 %100 %100 %100 %100 %100 %
Pension and Postretirement Plan Assets By Fair Value Hierarchy
Investments valued using net asset value as a practical expedient are not valued using the fair value hierarchy, but rather valued using the net asset value reported by the managers of the funds and as supported by the unit prices of actual purchase and sale transactions.
Pension BenefitsOther Retiree Benefits
As of June 30Fair Value Hierarchy Level20232022Fair Value Hierarchy Level20232022
ASSETS AT FAIR VALUE
Cash and cash equivalents1$54 $78 1$148 $130 
Company common stock— — 1368 319 
Company preferred stock (1)
— — 26,721 6,340 
Fixed income securities (2)
21,190 1,545 — — 
Insurance contracts (3)
393 94 — — 
TOTAL ASSETS IN THE FAIR VALUE HIERARCHY1,337 1,717 7,237 6,789 
Investments valued at net asset value (4)
9,037 8,456 87 100 
TOTAL ASSETS AT FAIR VALUE$10,374 10,173 $7,324 6,889 
(1)Company preferred stock is valued based on the value of Company common stock and is presented net of ESOP debt discussed below.
(2)Fixed income securities are estimated by using pricing models or quoted prices of securities with similar characteristics.
(3)Fair values of insurance contracts are valued based on either their cash equivalent value or models that project future cash flows and discount the future amounts to a present value using market-based observable inputs, including credit risk and interest rate curves. The activity for Level 3 assets is not significant for all years presented.
(4)Investments valued using net asset value as a practical expedient are primarily equity and fixed income collective funds.
Schedule of Expected Benefit Payments [Table Text Block]
Total benefit payments expected to be paid to participants, which include payments funded from the Company's assets and payments from the plans are as follows:
Fiscal years ending June 30Pension BenefitsOther Retiree Benefits
EXPECTED BENEFIT PAYMENTS
2024$648 $179 
2025633 186 
2026632 189 
2027652 196 
2028704 202 
2029 - 20333,800 1,102 
Employee Stock Ownership Plan (ESOP) Disclosures [Table Text Block] The number of preferred shares outstanding at June 30 was as follows:
Shares in thousands202320222021
Allocated24,449 25,901 27,759 
Unallocated535 1,123 1,769 
TOTAL SERIES A24,984 27,024 29,528 
Allocated32,172 30,719 29,203 
Unallocated17,867 20,120 22,349 
TOTAL SERIES B50,039 50,839 51,552