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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Jun. 30, 2020
Effect of Exchange Rate on Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents, Continuing Operations $ (33,000,000) $ 17,000,000 $ (7,000,000)
Cash, Cash Equivalents, Restricted Cash, and Restricted Cash Equivalents 449,000,000 896,000,000 953,000,000
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net earnings 519,000,000 585,000,000 221,000,000
Adjustments to reconcile earnings from continued operations to net cash from operations:      
Depreciation and Amortization 378,000,000 289,000,000 254,000,000
Foreign Currency Transaction Gain (Loss), before Tax 30,000,000 (4,000,000) 2,000,000
Amortization and write-off of debt financing costs 7,000,000 11,000,000 12,000,000
Gain (Loss) on Sale of Assets and Asset Impairment Charges (31,000,000) (9,000,000) (5,000,000)
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal [1] (1,000,000) (182,000,000) 1,000,000
Financing fees paid 4,000,000 18,000,000 10,000,000
Derivative, Gain (Loss) on Derivative, Net (2,000,000) (17,000,000) (3,000,000)
Equity compensation 54,000,000 51,000,000 48,000,000
Provision/(benefit) for deferred income taxes 14,000,000 64,000,000 2,000,000
Provision for bad debts and inventory 17,000,000 41,000,000 10,000,000
Change in operating assets and liabilities:      
(Increase)/decrease in trade receivables (73,000,000) (186,000,000) (151,000,000)
(Increase)/decrease in inventories (128,000,000) (260,000,000) (76,000,000)
Increase/(decrease) in accounts payable 37,000,000 50,000,000 72,000,000
Other assets/accrued liabilities, net - current and non-current (448,000,000) (36,000,000) 33,000,000
Net Cash Provided by (Used in) Operating Activities, Total 439,000,000 433,000,000 440,000,000
CASH FLOWS FROM INVESTING ACTIVITIES:      
Capital expenditures (660,000,000) (686,000,000) (466,000,000)
Payments to Acquire Debt Securities, Available-for-sale (20,000,000) (72,000,000) 0
Settlement on from sale of subsidiaries (3,000,000)    
Proceeds from Divestiture of Interest in Consolidated Subsidiaries   287,000,000 21,000,000
Payment for acquisitions, net of cash acquired (1,199,000,000) (147,000,000) (379,000,000)
Payments to Acquire Investments 2,000,000 31,000,000 3,000,000
Net cash (used in) investing activities (1,884,000,000) (649,000,000) (827,000,000)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from borrowing, net 1,100,000,000 166,000,000 909,000,000
Repayments of Long-term Debt (78,000,000) (67,000,000) (860,000,000)
Payments of Debt Issuance Costs (15,000,000) (19,000,000) (25,000,000)
Dividends and Interest Paid 4,000,000 22,000,000 36,000,000
Proceeds from Issuance of Common Stock 0 82,000,000 1,046,000,000
Proceeds from Stock Options Exercised 26,000,000 38,000,000 0
Payments Related to Tax Withholding for Share-based Compensation (10,000,000) (46,000,000) (32,000,000)
Proceeds from (Payments for) Other Financing Activities 12,000,000 10,000,000 0
Net cash provided by/(used in) financing activities 1,031,000,000 142,000,000 1,002,000,000
Cash, Cash Equivalents, Restricted Cash and Restricted Cash Equivalents, Period Increase (Decrease), Including Exchange Rate Effect (447,000,000) (57,000,000) 608,000,000
CASH AND EQUIVALENTS AT BEGINNING OF PERIOD 896,000,000    
CASH AND EQUIVALENTS AT END OF PERIOD 449,000,000 896,000,000  
SUPPLEMENTARY CASH FLOW INFORMATION:      
Interest paid 116,000,000 105,000,000 98,000,000
Income taxes paid, net 53,000,000 47,000,000 43,000,000
SUPPLEMENTARY DISCLOSURE OF NON-CASH INVESTING ACTIVITY:      
Stock Issued During Period, Value, Conversion of Convertible Securities 362,000,000 253,000,000 0
Disposal Group, Including Discontinued Operation, Accounts, Notes and Loans Receivable, Net 0 47,000,000 0
Additional Paid-in Capital [Member]      
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payments Related to Tax Withholding for Share-based Compensation $ (10,000,000) $ (46,000,000) $ (32,000,000)
[1] 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.