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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 6 Months Ended
Dec. 31, 2021
Accounting Policies [Abstract]  
Schedule of inventory and promotional merchandise Inventory and promotional merchandise consists of the following:
(In millions)December 31
2021		June 30
2021
Raw materials
$726 $674 
Work in process
299 330 
Finished goods
1,317 1,213 
Promotional merchandise
270 288 
$2,612 $2,505 
Schedule of property, plant and equipment Property, plant and equipment consists of the following:
(In millions)December 31
2021		June 30
2021
Assets (Useful Life)
Land
$57 $55 
Buildings and improvements (10 to 40 years)
497 256 
Machinery and equipment (3 to 10 years)
989 920 
Computer hardware and software (4 to 10 years)
1,433 1,303 
Furniture and fixtures (5 to 10 years)
128 125 
Leasehold improvements
2,340 2,312 
Construction in progress500 647 
5,944 5,618 
Less accumulated depreciation and amortization
(3,493)(3,338)
$2,451 $2,280 
Schedule of effective rate for income taxes
Three Months Ended
December 31		Six Months Ended
December 31
2021202020212020
Effective rate for income taxes21.5 %14.9 %21.9 %17.6 %
Basis-point change from the prior-year period660 430 
Schedule of other accrued liabilities Other accrued liabilities consist of the following:
(In millions)December 31
2021		June 30
2021
Advertising, merchandising and sampling$375 $294 
Employee compensation508 670 
Deferred revenue377 322 
Payroll and other non-income taxes373 359 
Accrued income taxes445 237 
Sales return accrual236 369 
Other1,140 944 
$3,454 $3,195