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Consolidated Statements of Cash Flows - USD ($)
$ in Millions
12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Operating activities:      
Net income $ 187 $ 760 $ 389
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 714 688 680
Operating lease expense 109 125 128
Equity losses of affiliates 127 13 65
Cash distributions received from affiliates 7 23 15
Impairment charges 25 15 0
Other, net (1) (52) (143)
Deferred income taxes and taxes payable 6 (125) (100)
Change in operating assets and liabilities, net of acquisitions:      
Receivables and other assets (146) (51) (166)
Inventories, net (2) (87) 6
Accounts payable and other liabilities 66 45 363
Net cash provided by operating activities 1,092 1,354 1,237
Investing activities:      
Capital expenditures (499) (499) (390)
Acquisitions, net of cash acquired (17) (1,501) (886)
Investments in equity affiliates (43) (71) (26)
Other investments (60) (41) (13)
Proceeds from property, plant and equipment and other asset dispositions 66 3 24
Other, net (21) 33 (1)
Net cash used in investing activities (574) (2,076) (1,292)
Financing activities:      
Borrowings 514 1,690 1,515
Repayment of borrowings (589) (838) (557)
Repurchase of shares (243) (179) 0
Dividends paid (174) (175) (163)
Other, net (9) (94) (96)
Net cash (used in) provided by financing activities (501) 404 699
Net change in cash and cash equivalents 17 (318) 644
Cash and cash equivalents, beginning of year 1,822 2,236 1,517
Exchange movement on opening cash balance (6) (96) 75
Cash and cash equivalents, end of year $ 1,833 $ 1,822 $ 2,236