Leases (Tables)

12 Months Ended

Jun. 30, 2020

Leases [Abstract]

Schedule of total lease cost

The total lease cost for operating and finance leases included in the Statement of Operations was as follows:

	Income Statement Location	For the fiscal year ended June 30, 2020
Operating lease costs	Selling, general and administrative	$	139
Operating lease costs	Operating expenses	64
Finance lease costs	Depreciation and amortization	6
Finance lease costs	Interest expense, net	1
Short term lease costs	Operating expenses	9
Variable lease costs	Selling, general and administrative	41
Total lease costs		$	260

Schedule of additional information related to leases

Additional information related to the Company’s operating and finance leases under ASU 2016-02:

	As of June 30, 2020
	Operating Leases		Finance Leases
Weighted-average remaining lease term	12.2 years		4.7 years
Weighted-average incremental borrowing rate	3.49	%	3.64	%

	For the fiscal year ended June 30, 2020
	(in millions)
Cash paid - Operating lease liabilities	$	224
Cash paid - Finance lease liabilities - principal	7
Cash paid - Finance lease liabilities - interest	1
Operating lease right-of-use asset obtained in exchange for operating lease liabilities	225

Schedule of future minimum lease payments under non-cancellable leases

Future minimum lease payments under non-cancellable leases as of June 30, 2020 are as follows:

	As of June 30, 2020
	Operating Leases		Finance Leases
	(in millions)
Fiscal 2021	$	174	$	31
Fiscal 2022	168		29
Fiscal 2023	156		26
Fiscal 2024	143		26
Fiscal 2025	131		16
Thereafter	824		0
Total future minimum lease payments	$	1,596	$	128
Less: interest	(319)		(10)
Present value of minimum payments	$	1,277	$	118