EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2019

Defined Benefit Plan [Abstract]

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

Summarized information for the Company’s retirement income and retirement health care plans as of and for the fiscal years ended June 30 is as follows:

	Retirement Income						Retirement Health Care
	2019			2018			2019			2018
Change in benefit obligations:
Benefit obligation as of beginning of year	$	593		$	633		$	38		$	42
Service cost	1			1			—			—
Interest cost	23			23			2			2
Actuarial loss (gain)	26			(21		)	(3		)	(2		)
Plan amendments	—			1			—			—
Translation and other adjustments	—			(1		)	—			—
Benefits paid	(39		)	(43		)	(3		)	(4		)
Benefit obligation as of end of year	604			593			34			38
Change in plan assets:
Fair value of assets as of beginning of year	420			434			—			—
Actual return on plan assets	41			8			—			—
Employer contributions	63			22			3			4
Benefits paid	(39		)	(43		)	(3		)	(4		)
Translation and other adjustments	—			(1		)	—			—
Fair value of plan assets as of end of year	485			420			—			—
Accrued benefit cost, net funded status	$	(119	)	$	(173	)	$	(34	)	$	(38	)

Schedule of Amounts Recognized in the Balance Sheets

Amount recognized in the balance sheets consists of:
Pension benefit assets	$	48		$	3		$	—		$	—
Current accrued benefit liability	(12		)	(13		)	(2		)	(2		)
Non-current accrued benefit liability	(155		)	(163		)	(32		)	(36		)
Accrued benefit cost, net	$	(119	)	$	(173	)	$	(34	)	$	(38	)

Schedule of Accumulated Benefit Obligations in Excess of Plan Assets

Retirement income plans with ABO in excess of plan assets as of June 30 were as follows:

	ABO Exceeds the Fair Value of Plan Assets
	2019		2018
Projected benefit obligation	$	167	$	571
Accumulated benefit obligation	166		571
Fair value of plan assets	—		395

Schedule of Components of Net Periodic Benefit Cost

The net cost of the retirement income and health care plans for the fiscal years ended June 30 included the following components:

	Retirement Income									Retirement Health Care
	2019			2018			2017			2019			2018			2017
Service cost	$	1		$	1		$	1		$	—		$	—		$	—
Interest cost	23			23			22			2			2			2
Expected return on plan assets	(18		)	(19		)	(20		)	—			—			—
Amortization of unrecognized items	9			10			11			(3		)	(3		)	(2		)
Total	$	15		$	15		$	14		$	(1	)	$	(1	)	$	—

Schedule of Items Not Yet Recognized as a Component of Postretirement Expense

Items not yet recognized as a component of postretirement expense as of June 30, 2019, consisted of:

	Retirement Income			Retirement Health Care
Net actuarial loss (gain)	$	236		$	(18	)
Prior service benefit	—			(2		)
Net deferred income tax (assets) liabilities	(56		)	5
Accumulated other comprehensive loss (income)	$	180		$	(15	)

Summary of Amounts Recognized in Accumulated Other Comprehensive Net Losses

Net actuarial loss (gain) recorded in Accumulated other comprehensive net (losses) income for the fiscal year ended June 30, 2019, included the following:

	Retirement Income			Retirement Health Care
Net actuarial loss (gain) as of beginning of year	$	242		$	(17	)
Amortization during the year	(9		)	2
Loss (gain) during the year	3			(3		)
Net actuarial loss (gain) as of end of year	$	236		$	(18	)

Schedule of Weighted Average Assumptions Used

Weighted-average assumptions used to estimate the actuarial present value of benefit obligations were as follows as of June 30:

	Retirement Income				Retirement Health Care
	2019		2018		2019		2018
Discount rate	3.41	%	4.10	%	3.35	%	4.01	%
Rate of compensation increase	2.86	%	2.87	%	n/a		n/a

Weighted-average assumptions used to estimate the retirement income and retirement health care costs were as follows as of June 30:

	Retirement Income
	2019		2018		2017
Discount rate	4.10	%	3.70	%	3.42	%
Rate of compensation increase	2.87	%	2.83	%	2.92	%
Expected return on plan assets	4.33	%	4.43	%	4.73	%
	Retirement Health Care
	2019		2018		2017
Discount rate	4.01	%	3.66	%	3.42	%

Schedule of Expected Benefit Payments

Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2019, were as follows:

	Retirement Income		Retirement Health Care
2020	$	38	$	2
2021	51		2
2022	36		2
2023	36		2
2024	37		2
Fiscal years 2025 through 2029	186		10

Schedule of Target Allocation and Weighted Average Allocation of Plan Assets

The following table sets forth by level within the fair value hierarchy, the retirement income plans’ assets carried at fair value as of June 30:

	2019
	Level 1		Level 2		Total
Cash equivalents	$	2	$	—	$	2
Total assets in the fair value hierarchy	$	2	$	—	$	2
Common collective trusts measured at net asset value
Bond funds					$	393
International equity funds					50
Domestic equity funds					39
Real estate fund					1
Total common collective trusts measured at net asset value					483
Total assets at fair value					$	485

	2018
	Level 1		Level 2		Total
Cash equivalents	$	3	$	—	$	3
Total assets in the fair value hierarchy	$	3	$	—	$	3
Common collective trusts measured at net asset value
Bond funds					$	299
International equity funds					60
Domestic equity funds					44
Real estate fund					14
Total common collective trusts measured at net asset value					417
Total assets at fair value					$	420

The target allocations and weighted average asset allocations by asset category of the investment portfolio for the Company’s domestic retirement income plans as of June 30 were:

	% Target Allocation				% of Plan Assets
	2019		2018		2019		2018
U.S. equity	9	%	11	%	9	%	11	%
International equity	8	%	12	%	8	%	12	%
Fixed income	83	%	74	%	83	%	74	%
Other	—	%	3	%	—	%	3	%
Total	100	%	100	%	100	%	100	%