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Financial Instruments (Tables)
 12 Months Ended
Jun. 30, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Fair Value of Assets and Liabilities Related to Derivatives Designated as Hedging Instruments
The following table summarizes the fair value of our assets and liabilities related to derivatives designated as hedging instruments and the respective line items in which they were recorded in the consolidated balance sheets at June 30:
(in millions)20232022
Assets:
Cross-currency swap (1) $— $25 
Cross-currency swap (2)23 29 
Foreign currency contracts (2)5 7 
Total assets$28 $61 
Liabilities:
Cross-currency swap (3)$4 $— 
Foreign currency contracts (3)4 3 
Pay-floating interest rate swaps (3)93 43 
Total liabilities$101 $46 
(1)    Included in other assets in the consolidated balance sheets.
(2)    Included in prepaid expenses and other in the consolidated balance sheets.
(3)    Included in other accrued liabilities in the consolidated balance sheets.
Derivative [Line Items]  
Schedule of Gain/(Loss) Included in AOCI for Derivative Instruments
The following table summarizes the pre-tax gain/(loss) included in OCI for derivative instruments designated as cash flow hedges:
(in millions)202320222021
Forward interest rate swaps$— $— $16 
Commodity contracts— — 1 
Foreign currency contracts(2)3 5 
Schedule of Gain/(Loss) Recognized in Earnings for Interest Rate Contracts Designated as Fair Value Hedges
The following table summarizes the gain/(loss) recognized in earnings for interest rate swaps designated as fair value hedges:
(in millions)202320222021
Pay-floating interest rate swaps (1)$(50)$(44)$(8)
Fixed-rate debt (1)50 44 8 
(1) Included in interest expense, net in the consolidated statements of earnings/(loss).
Schedule of Gain/(Loss) Reclassified from AOCI into Earnings for Derivative Instruments Designated as Cash Flow Hedges
The following table summarizes the pre-tax gain/(loss) reclassified from AOCI into earnings for derivative instruments designated as cash flow hedges:
(in millions)202320222021
Foreign currency contracts (1)$9 $5 $(12)
Foreign currency contracts (2)2 1 (2)
Foreign currency contracts (3)1 — 4 
Forward interest rate swaps (4)2 2 2 
Commodity contracts (3)— — 6 
(1)    Included in revenue in the consolidated statements of earnings/(loss).
(2)    Included in cost of products sold in the consolidated statements of earnings/(loss).
(3)    Included in SG&A expenses in the consolidated statements of earnings/(loss).
(4)     Included in interest expense, net in the consolidated statements of earnings/(loss).
Schedule of Gain/(Loss) Recognized in Earnings for Economic (Non-designated) Derivative Instruments
The following table summarizes the gain/(loss) recognized in earnings for economic (non-designated) derivative instruments:
(in millions)202320222021
Foreign currency contracts (1)$(7)$— $(8)
(1)    Included in other income, net in the consolidated statements of earnings/(loss).
Schedule of Estimated Fair Value of Long-term Obligations and Other Short-term Borrowings Compared to the Respective Carrying Amount
The following table summarizes the estimated fair value of our long-term obligations and other short-term borrowings compared to the respective carrying amounts at June 30:
(in millions)20232022
Estimated fair value$4,417 $5,049 
Carrying amount4,701 5,315 
Schedule of Fair Value Gain/(Loss) Derivative Instrument
The following table is a summary of the fair value gain/(loss) of our derivative instruments based upon the estimated amount that we would receive (or pay), considering counter-party credit risk, to terminate the contracts at June 30:
20232022
(in millions)Notional
Amount		Fair Value
Gain/(Loss)		Notional
Amount		Fair Value
Gain/(Loss)
Pay-floating interest rate swaps$1,100 $(93)$800 $(43)
Foreign currency contracts513 1 592 4 
Cross-currency swap514 19 633 54 
Not Designated as Hedging Instrument  
Derivative [Line Items]  
Schedule of Outstanding Instruments
The following tables summarize the outstanding economic (non-designated) derivative instruments at June 30:
 2023
(in millions)Notional AmountMaturity Date
Foreign currency contracts$137 July 2023
 2022
(in millions)Notional AmountMaturity Date
Foreign currency contracts$265 Jul 2022
Fair Value Hedging  
Derivative [Line Items]  
Schedule of Outstanding Instruments
The following tables summarize the outstanding interest rate swaps designated as fair value hedges at June 30:
 2023
(in millions)Notional AmountMaturity Date
Pay-floating interest rate swaps$1,100 Jun 2027-Sep 2030
2022
(in millions)Notional AmountMaturity Date
Pay-floating interest rate swaps$800 Jun 2027-May 2029
Cash Flow Hedging  
Derivative [Line Items]  
Schedule of Outstanding Instruments
The following tables summarize the outstanding cash flow hedges at June 30:
 2023
(in millions)Notional AmountMaturity Date
Foreign currency contracts$376 Jul 2023-Jun 2024
 2022
(in millions)Notional AmountMaturity Date
Foreign currency contracts$327 
Jul 2022
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Jun 2023