OTHER (INCOME) EXPENSE, NET (Tables)

12 Months Ended

Jun. 30, 2020

Other Income and Expenses [Abstract]

Major Components of Other (Income) Expense, Net

The major components of Other (income) expense, net, for the fiscal years ended June 30 were:

	2020		2019		2018
Income from equity investees	$	(20)	$	(15)	$	(12)
Amortization of trademarks and other intangible assets	13		17		11
Net periodic benefit cost (1)	10		14		—
Foreign exchange transaction (gains) losses, net	7		7		3
Asset impairment charges	2		—		1
Interest income	(2)		(3)		(6)
Indemnity settlement from past acquisition	(15)		—		—
Other	(5)		(17)		—
Total	$	(10)	$	3	$	(3)

(1) As a result of adopting ASU No. 2017-07, “Compensation-Retirement Benefits (ASC 715),” beginning in fiscal year 2019, net periodic benefit cost is recorded in Other (income) expense, net and in Cost of products sold, Selling and administrative expenses and Research and development costs prior to fiscal year 2019.