Income Tax Expense (Tables)

9 Months Ended

Mar. 31, 2023

Income Tax Disclosure [Abstract]

Schedule of Effective Income Tax Rate Reconciliation

The following table presents the Company’s Income tax expense and the effective tax rate:

	Three Months Ended						Nine Months Ended
	March 31, 2023			April 1, 2022			March 31, 2023			April 1, 2022
	($ in millions)
Income (loss) before taxes	$	(529)		$	262		$	(830)		$	1,612
Income tax expense	43			237			161			413
Effective tax rate	(8)		%	90		%	(19)		%	26		%

Schedule of Income Tax Contingencies

The following is a tabular reconciliation of the total amounts of unrecognized tax benefits excluding accrued interest and penalties for the three months ended March 31, 2023 (in millions):

Accrual balance at July 1, 2022	$	1,047
Gross increases related to current year tax positions	6
Gross increases related to prior year tax positions	3
Gross decreases related to prior year tax positions	(25)
Settlements	(5)
Lapse of statute of limitations	(3)
Accrual balance at March 31, 2023	$	1,023