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Restructuring
9 Months Ended
Mar. 31, 2024
Restructuring and Related Activities [Abstract]  
Restructuring Restructuring
    Restructuring and related expenses, net, were $30 million and $50 million during the three months ended March 31, 2024 and 2023, respectively, and $82 million and $53 million during the nine months ended March 31, 2024 and 2023, respectively. The Company's restructuring activities for the three and nine months ended March 31, 2024 and 2023 were primarily comprised of restructuring activities related to the 2023 Restructuring Plan (as defined below).

    Restructuring related expenses are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. The Company believes the disclosure of restructuring related costs provides more information on its restructuring activities.

2023 Restructuring Plan

    On February 7, 2023, the Company announced that it will allocate approximately $110 million to $130 million of the sale proceeds from the Russian business to various cost saving initiatives to partly offset divested earnings from the Russian business (the "2023 Restructuring Plan" or the "Plan"). The Company expects the total Plan cash and non-cash net expenses to total approximately $230 million. As of March 31, 2024, the Company has initiated projects with an expected net cost of approximately $227 million, of which $92 million relates to employee related expenses, $48 million to fixed asset related expenses (net of expected gains on asset disposals), $61 million to other restructuring expenses, and $26 million to restructuring related expenses. The projects initiated as of March 31, 2024 are expected to result in approximately $120 million of net cash expenditures. The Plan includes both the Flexibles and Rigid Packaging reportable segments and is expected to be largely completed by the end of calendar year 2024.

    From the initiation of the Plan through March 31, 2024, the Company has incurred $80 million in employee related expenses, $36 million in fixed asset related expenses, $38 million in other restructuring, and $17 million in restructuring related expenses, with $149 million incurred in the Flexibles reportable segment and $22 million incurred in the Rigid Packaging reportable segment. The Plan has resulted in cumulative net cash outflows of $70 million. Additional cash payments of approximately $10 million to $15 million, net of estimated proceeds from disposals, are expected for the remainder of the fiscal year 2024, the majority of which relates to the Flexibles reportable segment.

    The restructuring related costs relate primarily to the closure of facilities and include startup and training costs after relocation of equipment, and other costs incidental to the Plan.

Other Restructuring Plans

    The Company has entered into other individually immaterial restructuring plans ("Other Restructuring Plans"). Expenses incurred on such programs are primarily costs to move equipment and other costs.

Consolidated Restructuring Plans

    The total costs incurred from the beginning of the Company's 2023 Restructuring Plan and Other Restructuring Plans are as follows:
($ in millions)2023 Restructuring Plan (1)Other Restructuring Plans (2)Total Restructuring and Related Expenses
Fiscal year 2023$94 $17 $111 
Fiscal year 2024, first quarter26 28 
Fiscal year 2024, second quarter22 24 
Fiscal year 2024, third quarter29 30 
Net expenses incurred$171 $22 $193 
(1)Includes restructuring related expenses from the 2023 Restructuring Plan of $6 million, $3 million, $4 million, and $4 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively. In the three and nine months ended March 31, 2024, $24 million and $63 million of restructuring and related expenses, net, were incurred in the Flexibles reportable segment and $5 million and $14 million in the Rigid Packaging reportable segment.
(2)Includes restructuring related costs of $4 million, nil, $1 million, and $1 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively.
    
    An analysis of the restructuring charges by type incurred is as follows:

Three Months Ended March 31, Nine Months Ended March 31,
($ in millions)2024202320242023
Employee related expenses$$35 $16 $37 
Fixed asset related expenses11 23 
Other expenses11 30 
Total restructuring expenses, net$25 $47 $69 $49 

    An analysis of the Company's restructuring plan liability is as follows:
($ in millions)Employee CostsFixed Asset Related CostsOther CostsTotal Restructuring Costs
Liability balance as of June 30, 2023$126 $3 $21 $150 
Net charges to earnings16 23 30 69 
Cash paid(50)(2)(29)(81)
Non-cash and other— (22)(3)(25)
Foreign currency translation(3)— — (3)
Liability balance as of March 31, 2024$89 $2 $19 $110 
    The table above includes liabilities arising from the 2023 Restructuring Plan and Other Restructuring Plans. The accruals related to restructuring activities have been recorded on the unaudited condensed consolidated balance sheets under other current liabilities