OTHER (INCOME) EXPENSE, NET

9 Months Ended

Mar. 31, 2024

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE, NET

OTHER (INCOME) EXPENSE, NET

The major components of Other (income) expense, net were:

	Three months ended				Nine months ended
	3/31/2024		3/31/2023		3/31/2024		3/31/2023
Amortization of trademarks and other intangible assets	$	7	$	8	$	22	$	22
Trust investment (gains) losses, net	(8)		(7)		(18)		(8)
Net periodic benefit cost	1		4		11		12
Foreign exchange transaction (gains) losses, net (1)	1		4		24		7
Income from equity investees	(1)		(1)		(3)		(3)
Interest income	(4)		(4)		(21)		(9)
Restructuring costs (2)	5		15		5		34
Gain on sale-leaseback transaction (3)	—		—		(16)		—
Other	(3)		5		(1)		(1)
Total	$	(2)	$	24	$	3	$	54

(1)Foreign exchange losses were primarily related to the Company’s operations in Argentina.

(2)Restructuring costs related to the implementation of the Company's streamlined operating model. See Note 5 for additional details.

(3)On December 14, 2023, the Company completed an asset sale-leaseback transaction on a warehouse in Fairfield, California. The Company received proceeds of $19, net of selling costs, the asset had a carrying value of $3, and the transaction resulted in a $16 gain which was recognized in Other (income) expense, net in the Health and Wellness segment. The leaseback is accounted for as an operating lease. The term of the lease is 8 years, with options to extend the lease for two 5 year periods.