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Retirement Benefit Obligations (Tables)
 12 Months Ended
Jun. 30, 2023
Retirement Benefits [Abstract]  
Schedule of Amounts Recognized in Balance Sheets The Company recognized these amounts in the Balance Sheets at June 30, 2023 and 2022 as follows:
Pension Benefits
DomesticForeignPostretirement
benefits		Total
20232022202320222023202220232022
(in millions)
Other non-current assets$— $— $134 $133 $— $— $134 $133 
Other current liabilities— — (6)(2)(7)(8)(13)(10)
Retirement benefit obligations(37)(40)(45)(55)(52)(60)(134)(155)
Net amount recognized$(37)$(40)$83 $76 $(59)$(68)$(13)$(32)
Schedule of Change in Projected Benefit Obligation, Change in Fair Value of Plan Assets and Funded Status
The following table sets forth the change in the projected benefit obligation, change in the fair value of the Company’s plan assets and funded status:
Pension Benefits
DomesticForeignPostretirement
Benefits		Total
As of June 30,
20232022202320222023202220232022
(in millions)
Projected benefit obligation, beginning of the year
$260 $339 $755 $1,124 $68 $86 $1,083 $1,549 
Service cost— — 1 1 — — 1 1 
Interest cost11 7 27 17 2 1 40 25 
Benefits paid(21)(18)(42)(43)(7)(7)(70)(68)
Settlements(a)
— (12)(5)(12)— — (5)(24)
Actuarial gain(b)
(9)(56)(114)(216)(4)(11)(127)(283)
Foreign exchange rate changes— — 24 (116)— (1)24 (117)
Projected benefit obligation, end of the year
241 260 646 755 59 68 946 1,083 
Change in the fair value of plan assets for the Company’s benefit plans:
Fair value of plan assets, beginning of the year
220 285 831 1,162 — — 1,051 1,447 
Actual return on plan assets5 (49)(97)(166)— — (92)(215)
Employer contributions— 14 14 15 — — 14 29 
Benefits paid(21)(18)(42)(43)— — (63)(61)
Settlements(a)
— (12)(5)(12)— — (5)(24)
Foreign exchange rate changes— — 28 (125)— — 28 (125)
Fair value of plan assets, end of the year
204 220 729 831 — — 933 1,051 
Funded status$(37)$(40)$83 $76 $(59)$(68)$(13)$(32)
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(a)Amounts related to payments made to former employees of the Company in full settlement of their pension benefits.
(b)Actuarial gains for fiscal 2023 and fiscal 2022 for domestic and international pension plans primarily relate to the increase in discount rates used in measuring plan obligations as of June 30, 2023 and 2022.
Schedule of Amounts Recognized in Accumulated Other Comprehensive Loss
Amounts recognized in Accumulated other comprehensive loss consist of:
Pension Benefits
DomesticForeignPostretirement
Benefits		Total
As of June 30,
20232022202320222023202220232022
(in millions)
Actuarial losses (gains)$118 $126 $342 $325 $(8)$(5)$452 $446 
Prior service cost (benefit)— — 7 7 (28)(32)(21)(25)
Net amounts recognized$118 $126 $349 $332 $(36)$(37)$431 $421 
Schedule of Accumulated and Projected Benefit Obligations and Fair Value of Plan Assets for Funded and Unfunded Pension Plans
Below is information about funded and unfunded pension plans:
Domestic Pension Benefits
Funded PlansUnfunded PlansTotal
As of June 30,
202320222023202220232022
(in millions)
Projected benefit obligation$234 $253 $7 $7 $241 $260 
Accumulated benefit obligation234 253 7 7 241 260 
Fair value of plan assets204 220 — — 204 220 
Foreign Pension Benefits
Funded PlansUnfunded PlansTotal
As of June 30,
202320222023202220232022
(in millions)
Projected benefit obligation$599 $701 $47 $54 $646 $755 
Accumulated benefit obligation595 697 47 54 642 751 
Fair value of plan assets729 831 — — 729 831 
Schedule of Accumulated Benefit Obligation Exceeds Fair Value of Plan Assets
The accumulated benefit obligation exceeds the fair value of plan assets for all domestic pension plans.
Below is information about foreign pension plans in which the accumulated benefit obligation exceeds the fair value of the plan assets:
Foreign Pension Benefits
Funded PlansUnfunded PlansTotal
As of June 30,
202320222023202220232022
(in millions)
Projected benefit obligation$46 $49 $47 $54 $93 $103 
Accumulated benefit obligation46 49 47 54 93 103 
Fair value of plan assets43 46 — — 43 46 
Schedule of Components of Net Periodic Benefits Costs (Income)
The amortization of amounts related to unrecognized prior service costs (credits), deferred losses and settlements, curtailments and other were reclassified out of Other comprehensive income as a component of net periodic benefit costs. The components of net periodic benefit costs (income) were as follows:
Pension Benefits
Domestic
Foreign
Postretirement
Benefits
Total
For the fiscal years ended June 30,
202320222021202320222021202320222021202320222021
(in millions)
Service cost benefits earned during the period
$— $— $— $1 $1 $2 $— $— $— $1 $1 $2 
Interest costs on projected benefit obligations
11 7 7 27 17 16 2 1 2 40 25 25 
Expected return on plan assets
(11)(15)(13)(32)(36)(37)— — — (43)(51)(50)
Amortization of deferred losses
5 5 5 14 14 15 — — — 19 19 20 
Amortization of prior service credits
— — — — — — (4)(4)(4)(4)(4)(4)
Settlements, curtailments and other
— 8 5 — 2 1 — — — — 10 6 
Net periodic benefit costs (income) – Total$5 $5 $4 $10 $(2)$(3)$(2)

$(3)$(2)$13 $— $(1)
Pension Benefits
Domestic
Foreign
Postretirement Benefits
For the fiscal years ended June 30,
202320222021202320222021202320222021
Additional information:
Weighted-average assumptions used to determine benefit obligations
Discount rate5.4 %4.9 %2.9 %5.4 %3.9 %1.9 %5.5 %4.6 %2.4 %
Rate of increase in future compensationN/AN/AN/A3.9 %3.9 %3.6 %N/AN/AN/A
Weighted-average assumptions used to determine net periodic benefit cost
Discount rate for PBO4.9 %2.9 %2.9 %3.9 %1.9 %1.7 %4.6 %2.4 %2.5 %
Discount rate for Service CostN/A3.3 %3.4 %4.8 %1.8 %1.8 %4.9 %2.8 %2.9 %
Discount rate for Interest on PBO4.6 %2.2 %2.2 %3.8 %1.6 %1.5 %4.3 %1.7 %1.8 %
Expected return on plan assets5.5 %5.8 %5.5 %3.9 %3.3 %3.3 %N/AN/AN/A
Rate of increase in future compensationN/AN/AN/A3.9 %3.6 %3.1 %N/AN/AN/A
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N/A—not applicable
Schedule of Assumptions Used
The following assumed health care cost trend rates as of June 30 were also used in accounting for postretirement benefits:
Postretirement benefits
Fiscal 2023Fiscal 2022
Health care cost trend rate6.9 %6.4 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.2 %4.5 %
Year that the rate reaches the ultimate trend rate20312030
Schedule of Health Care Cost Trend Rates
The following assumed health care cost trend rates as of June 30 were also used in accounting for postretirement benefits:
Postretirement benefits
Fiscal 2023Fiscal 2022
Health care cost trend rate6.9 %6.4 %
Rate to which the cost trend rate is assumed to decline (the ultimate trend rate)5.2 %4.5 %
Year that the rate reaches the ultimate trend rate20312030
Schedule of Expected Benefit Payments
The following table sets forth the estimated benefit payments for the next five fiscal years, and in aggregate for the five fiscal years thereafter. The expected benefits are estimated based on the same assumptions used to measure the Company’s benefit obligation at the end of the fiscal year and include benefits attributable to estimated future employee service:
Expected Benefit Payments
Pension BenefitsPostretirement
Benefits		Total
DomesticForeign
(in millions)
Fiscal year:
2024$21 $97 $7 $125 
202519 45 7 71 
202619 43 6 68 
202719 43 6 68 
202819 43 6 68 
2029-203390 209 23 322 
Schedule of Allocation of Plan Assets
The table below presents the Company’s plan assets by level within the fair value hierarchy, as described in Note 2—Summary of Significant Accounting Policies, as of June 30, 2023 and 2022:
Fiscal 2023Fiscal 2022
Fair Value Measurements at
Reporting Date Using		Fair Value Measurements at
Reporting Date Using
TotalLevel 1Level 2Level 3NAVTotalLevel 1Level 2Level 3NAV
(in millions)
Assets
Pooled funds:(a)
Domestic equity funds$37 $— $— $— $37 $37 $— $— $— $37 
International equity funds94 — 48 — 46 112 — 67 — 45 
Domestic fixed income funds112 — — — 112 106 — — — 106 
International fixed income funds546 — 444 — 102 666 — 487 — 179 
Balanced funds42 — 42 — — 46 — 46 — — 
Other102 78 — 6 18 84 53 — 7 24 
Total$933 $78 $534 $6 $315 $1,051 $53 $600 $7 $391 
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(a)Open-ended pooled funds that are registered and/or available to the general public are valued at the daily published net asset value (“NAV”). Other pooled funds are valued at the NAV provided by the fund issuer.
Summary of Changes in Fair Value of Investments Reflected as Level 3 Assets
The table below sets forth a summary of changes in the fair value of investments reflected as Level 3 assets as of June 30, 2023 and 2022:
Level 3
Investments
(in millions)
Balance, June 30, 2021$10 
Actual return on plan assets:
Relating to assets still held at end of period(2)
Relating to assets sold during the period— 
Purchases, sales, settlements and issuances(1)
Transfers in and out of Level 3— 
Balance, June 30, 2022$7 
Actual return on plan assets:
Relating to assets still held at end of period(1)
Relating to assets sold during the period— 
Purchases, sales, settlements and issuances— 
Transfers in and out of Level 3— 
Balance, June 30, 2023$6 
Schedule of Weighted-Average Asset Allocations, by Asset Category
The Company’s benefit plan weighted-average asset allocations, by asset category, are as follows:
Pension Assets
As of June 30,
20232022
Asset Category:
Equity securities15 %15 %
Debt securities72 %75 %
Cash and other13 %10 %
Total100 %100 %