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Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net earnings/(loss) $ 190,000,000 $ 171,000,000
Adjustments to reconcile earnings/(loss) from operations to net cash from operations:    
Depreciation and amortization 179,000,000 140,000,000
Non-cash foreign currency transaction (gain)/loss, net 25,000,000 (12,000,000)
Amortization and write-off of debt financing costs 4,000,000 3,000,000
Asset impairments charges and (gain)/loss on sale of assets 19,000,000 (2,000,000)
Payments for (Proceeds from) Businesses and Interest in Affiliates [1] (1,000,000) 0
Debt Call Premium Fees 4,000,000 0
Derivative, Gain (Loss) on Derivative, Net (2,000,000) (16,000,000)
Stock-based compensation 32,000,000 30,000,000
Provision/(benefit) for deferred income taxes 1,000,000 (5,000,000)
Provision for bad debts and inventory 9,000,000 18,000,000
Change in operating assets and liabilities:    
Decrease/(increase) in trade receivables 131,000,000 88,000,000
Decrease/(increase) in inventories (148,000,000) (140,000,000)
Increase/(decrease) in accounts payable 3,000,000 14,000,000
Other assets/accrued liabilities, net — current and non-current (214,000,000) (69,000,000)
Net Cash Provided by (Used in) Operating Activities, Total 232,000,000 224,000,000
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment and other productive assets (277,000,000) (339,000,000)
Proceeds from Sale and Maturity of Marketable Securities 4,000,000 0
Settlement on sale of subsidiaries, net (3,000,000) 0
Payment for acquisitions, net of cash acquired (1,020,000,000) (14,000,000)
Payments to Acquire Investments 3,000,000 1,000,000
Net cash (used in) investing activities (1,299,000,000) (354,000,000)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Net change in other borrowings 1,100,000,000 2,000,000
Payments related to long-term obligations (64,000,000) (55,000,000)
Payments of Debt Issuance Costs (15,000,000) 0
Dividends and Interest Paid (4,000,000) (13,000,000)
Proceeds from sale of common stock, net 0 82,000,000
Cash paid, in lieu of equity, for tax withholding (9,000,000) (27,000,000)
Proceeds from (Repurchase of) Equity [Abstract]    
Proceeds from Stock Options Exercised 19,000,000 0
Proceeds from (Payments for) Other Financing Activities 6,000,000 4,000,000
Net cash (used in)/provided by financing activities 1,033,000,000 (7,000,000)
Effect of foreign currency exchange on cash (13,000,000) 17,000,000
NET INCREASE/(DECREASE) IN CASH AND EQUIVALENTS (47,000,000) (120,000,000)
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 896,000,000 953,000,000
CASH AND EQUIVALENTS AT END OF PERIOD 849,000,000 833,000,000
SUPPLEMENTARY CASH FLOW INFORMATION:    
Interest paid 50,000,000 52,000,000
Income taxes paid, net $ 27,000,000 $ 19,000,000
[1] Gain on sale of subsidiary for the six months ended December 31, 2021 was due to the sale of the Blow-Fill-Seal Business