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Significant Accounting Policies (Tables)
12 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
Schedule of Inventories Inventories, net are summarized as follows:
($ in millions)June 30, 2022June 30, 2021
Raw materials and supplies$1,161 $905 
Work in process and finished goods1,389 1,193 
Less: inventory reserves(111)(107)
Inventories, net$2,439 $1,991 
Schedule of Estimated Useful Lives of property, Plant and Equipment PP&E, including assets held under finance leases, is depreciated using the straight-line method over the estimated useful lives of assets or, in the case of leasehold improvements and finance leases, over the period of the lease or useful life of the asset as described below. The Company periodically reviews these estimated useful lives and, when appropriate, changes are made prospectively.
Leasehold landOver lease term
Land improvements
Up to 30 years
Buildings
Up to 45 years
Machinery and equipment
Up to 25 years
Finance leases
Lease term or 5 - 25 years
Schedule of Long-lived Asset Impairment Impairment of long-lived assets recognized in the consolidated statements of income, excluding assets held for sale, were as follows:
Years ended June 30,
($ in millions)202220212020
Selling, general, and administrative expenses$$$
Restructuring, impairment, and related expenses, net42 21 
Total impairment losses recognized in the consolidated statements of income$43 $10 $22