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SUPPLEMENTAL FINANCIAL INFORMATION
 12 Months Ended
Jun. 30, 2025
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SUPPLEMENTAL FINANCIAL INFORMATION
SUPPLEMENTAL FINANCIAL INFORMATION
The components of property, plant and equipment were as follows:
As of June 3020252024
PROPERTY, PLANT AND EQUIPMENT
Machinery and equipment$40,077 $37,507 
Buildings9,190 8,534 
Construction in progress3,935 3,126 
Land979 895 
TOTAL PROPERTY, PLANT AND EQUIPMENT54,181 50,063 
Accumulated depreciation(30,284)(27,911)
PROPERTY, PLANT AND EQUIPMENT, NET$23,897 $22,152 
Selected components of current and noncurrent liabilities were as follows:
As of June 3020252024
ACCRUED AND OTHER LIABILITIES - CURRENT
Accrued marketing and promotion$3,851 $4,172 
Accrued compensation2,007 2,161 
Taxes payable1,177 1,042 
Derivative liabilities627 54 
Accrued interest293 282 
Lease liabilities255 243 
Restructuring reserves189 166 
Other2,920 2,953 
TOTAL$11,318 $11,073 
OTHER NONCURRENT LIABILITIES
Pension benefit obligations$3,026 $2,884 
Uncertain tax positions701 723 
Lease liabilities701 666 
Other retiree benefit obligations691 653 
Derivative liabilities435 325 
2017 U.S. Tax Act transitional tax payable— 592 
Other566 555 
TOTAL$6,120 $6,398 
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.
In the fiscal year ended June 30, 2024, the Company started a limited market portfolio restructuring of its business operations, primarily in certain Enterprise Markets, including Argentina and Nigeria, to address challenging macroeconomic and fiscal conditions. During the period ended September 30, 2024, the Company completed this limited market portfolio restructuring with the substantial liquidation of its operations in Argentina and recorded $801 after tax of incremental charges, comprised primarily of non-cash charges for accumulated foreign currency translation losses previously included in Accumulated other comprehensive income/(loss). The total incremental restructuring charges incurred under the program beginning in the three-month period ended December 31, 2023, through the three-month period ended September 30, 2024, were $1.2 billion after tax.
The Company incurred total restructuring charges of $1.1 billion and $659 for the fiscal years ended June 30, 2025 and 2024. Of the charges incurred for fiscal year 2025, $150 were recorded in Costs of products sold, $171 in SG&A and $793 in Other
non-operating income, net. Of the charges incurred in fiscal year 2024, $248 were recorded in Costs of products sold, $155 in SG&A and $255 in Other non-operating income, net.
The following table presents restructuring activity for the fiscal years ended June 30, 2025 and 2024:
Separation CostsAsset-Related CostsOther CostsTotal
RESERVE JUNE 30, 2023$155 $— $19 $174 
Cost incurred202 101 355 659 
Cost paid/settled(224)(101)(342)(667)
RESERVE JUNE 30, 2024133 — 32 166 
Cost incurred145 55 914 1,114 
Cost paid/settled(158)(55)(877)(1,090)
RESERVE JUNE 30, 2025$120 $— $69 $189 
Separation 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.
Asset-Related Costs
Asset-related costs consist of both asset write-downs and accelerated depreciation for manufacturing consolidations. 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.
Other Costs
Other restructuring-type charges are incurred as a direct result of the restructuring plan. Such charges include accumulated foreign currency translation losses, asset removal and termination of contracts. In the period ended September 30, 2024, the Company substantially liquidated its operations in Argentina and recorded a non-cash charge of $752 for accumulated foreign currency translation losses previously included in Accumulated other comprehensive income/(loss).
Consistent with our historical policies for ongoing restructuring-type activities, the restructuring charges are funded by and included within Corporate for management and segment reporting. However, for information purposes, the following table summarizes the total restructuring costs related to our reportable segments:
Fiscal years ended June 30202520242023
Beauty$43 $43 $15 
Grooming32 76 17 
Health Care30 33 28 
Fabric & Home Care24 84 87 
Baby, Feminine & Family Care40 50 21 
Corporate (1)
945 371 161 
TOTAL$1,114 $659 $329 
(1)Corporate includes costs related to allocated overheads, including charges related to our Enterprise Markets, Global Business Services and Corporate Functions activities.