XML 78 R52.htm IDEA: XBRL DOCUMENT v3.22.2.2
Business Combinations, Divestitures (Details) - USD ($)
3 Months Ended 12 Months Ended
Feb. 23, 2021
Mar. 31, 2022
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Business Acquisition [Line Items]          
Goodwill, Acquired During Period     $ 572,000,000 $ 56,000,000 [1]  
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal [2]     1,000,000 $ 182,000,000 $ (1,000,000)
Blow-Fill-Seal Business, Woodstock          
Business Acquisition [Line Items]          
Proceeds from Divestiture of Businesses and Interests in Affiliates     300,000,000    
Business Combination, Acquired Receivables, Gross Contractual Amount     50,000,000    
Business Combination, Acquired Receivable, Fair Value [3]     47,000,000    
Business Combination, Contingent Consideration Arrangements, Range of Outcomes, Value, High     50,000,000    
Disposal Group, Including Discontinued Operation, Assets     149,000,000    
Goodwill, Acquired During Period     54,000,000    
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal   $ 1 182,000,000    
Business Combination, Loan Discount     3,000,000    
Business Acquisition, Transaction Costs     8,000,000    
Business Combination, Working Capital Adjustments     6,000,000    
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities     2,000,000    
Proceeds From Divestiture Of Businesses, Net Cash Proceeds     284,000,000    
Business Combination, Contingent Consideration, Asset [4]     0    
Business Combination, Consideration Transferred, Other [5]     16,000,000    
Cash and Noncash Divestiture, Amount of Consideration Received     $ 331,000,000    
Delphi Genetics SA          
Business Acquisition [Line Items]          
Goodwill, Acquired During Period $ 43,000,000        
Business Combination, Recognized Identifiable Assets Acquired and Liabilities Assumed, Liabilities $ 1,000,000        
[1]
[2] Gain on sale of subsidiary for the fiscal years ended June 30, 2022 and 2021 is affiliated with the sale of the Blow-Fill-Seal Business. Loss on sale of subsidiary for the fiscal year ended June 30, 2020 is affiliated with the disposal of a facility in Australia.
[3] The note receivable, which provides for interest at a rate of 5.0% paid in kind, had an estimated fair value of $47 million and $51 million at June 30, 2021 and June 30, 2022, respectively. The fair value at divestiture date consisted of a $50 million aggregate principal amount less a $3 million discount determined using a discounted cash flow model.
[4] The Company determined that the estimated fair value of the contingent consideration from the sale of the Blow-Fill-Seal Business at June 30, 2022 is zero, and therefore no contingent consideration was recorded at divestiture. If any contingent consideration is subsequently received, it will be recorded in the period in which it is received. The Company has elected an accounting policy to recognize increases in the carrying amount of the contingent consideration asset using the gain contingency guidance in ASC 450, Contingencies.
[5] Other includes $8 million of transaction expenses, a working capital adjustment of $6 million, and a $2 million assumption of liabilities resulting in net cash proceed of $284 million.