XML 42 R30.htm IDEA: XBRL DOCUMENT v3.24.3
Fair Value Measurements (Tables)
3 Months Ended
Sep. 30, 2024
Fair Value Disclosures [Abstract]  
Schedule of Carrying Value and Estimated Fair Value of Long-term Debt The carrying values and estimated fair values of long-term debt with fixed interest rates were as follows:
 September 30, 2024June 30, 2024
 Carrying ValueFair ValueCarrying ValueFair Value
($ in millions)(Level 2)(Level 2)
Total long-term debt with fixed interest rates (excluding commercial paper (1) and finance leases)
$5,219 $5,183 $5,141 $4,973 
(1)As of September 30, 2024, the Company had entered into interest rate swap contracts for a total notional amount of commercial paper of $500 million, maturing on June 30, 2025. These contracts are considered to be economic hedges and the related $500 million notional amount of commercial paper is also excluded from the total long-term debt with fixed interest rates.
Schedule of Fair Value of Instruments Measured on Recurring Basis The following tables summarize the fair values of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy:
 September 30, 2024
($ in millions)Level 1Level 2Level 3Total
Assets
Commodity contracts$— $$— $
Forward exchange contracts— — 
Total assets measured at fair value$ $8 $ $8 
Liabilities
Contingent purchase consideration$— $— $28 $28 
Commodity contracts— — 
Forward exchange contracts— — 
Interest rate swaps— 68 — 68 
Cross currency swaps— 36 — 36 
Total liabilities measured at fair value$ $111 $28 $139 
 June 30, 2024
($ in millions)Level 1Level 2Level 3Total
Assets
Commodity contracts$— $$— $
Forward exchange contracts— — 
Total assets measured at fair value$ $4 $ $4 
Liabilities
Contingent purchase consideration$— $— $36 $36 
Commodity contracts— — 
Forward exchange contracts— — 
Interest rate swaps— 92 — 92 
Cross currency swaps— 16 — 16 
Total liabilities measured at fair value$ $113 $36 $149