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ACCUMULATED OTHER COMPREHENSIVE LOSS (Tables) | 12 Months Ended
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Jun. 30, 2020
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] |
Schedule of components of AOCI, net of tax | The components of AOCI included in the accompanying consolidated balance sheets consist of the following:
|  | Year Ended June 30 |  |  |  |
(In millions) |  | 2020 |  | 2019 |  | 2018
Net unrealized investment losses, beginning of year |  | $ | — |  |  | $ | (14) |  |  | $ | (1) |
Unrealized investment gains (losses) |  | — |  |  | 14 |  |  | (13) |
Net unrealized investment losses, end of year |  | — |  |  | — |  |  | (14) |
Net derivative instruments, beginning of year |  | 21 |  |  | 39 |  |  | (3) |
Gain on derivative instruments |  | 26 |  |  | 5 |  |  | 12 |
Provision for deferred income taxes |  | (7) |  |  | (2) |  |  | (2) |
Reclassification to earnings during the year: |  |  |  |  |  |
Foreign currency forward contracts (1) |  | (35) |  |  | (28) |  |  | 46 |
Interest rate-related derivatives (2) |  | — |  |  | (1) |  |  | (1) |
Benefit (provision) for deferred income taxes on reclassification (3) |  | 9 |  |  | 8 |  |  | (15) |
Reclassification to retained earnings |  | — |  | — |  |  | 2 |
Net derivative instruments, end of year |  | 14 |  |  | 21 |  |  | 39 |
Net pension and post-retirement adjustments, beginning of year |  | (253) |  |  | (175) |  |  | (213) |
Changes in plan assets and benefit obligations: |  |  |  |  |  |
Net actuarial gains (losses) recognized |  | (9) |  |  | (117) |  |  | 67 |
Prior service credit recognized |  | — |  |  | — |  |  | 5 |
Translation adjustments |  | (2) |  |  | 2 |  |  | (1) |
Benefit (provision) for deferred income taxes |  | 4 |  |  | 25 |  |  | (15) |
Amortization and settlements included in net periodic benefit cost (4): |  |  |  |  |  |
Net actuarial losses |  | 21 |  |  | 15 |  |  | 19 |
Net prior service cost |  | — |  |  | — |  |  | 1 |
Provision for deferred income taxes on reclassification (3) |  | (5) |  |  | (3) |  |  | (4) |
Reclassification to retained earnings |  | — |  |  | — |  |  | (34) |
Net pension and post-retirement adjustments, end of year |  | (244) |  |  | (253) |  |  | (175) |
Cumulative translation adjustments, beginning of year |  | (331) |  |  | (284) |  |  | (267) |
Reclassification to earnings during the year |  | 2 |  |  | (77) |  |  | — |
Translation adjustments |  | (108) |  |  | 18 |  |  | (19) |
Benefit for deferred income taxes |  | 2 |  |  | 12 |  |  | 2 |
Cumulative translation adjustments, end of year |  | (435) |  |  | (331) |  |  | (284) |
Accumulated other comprehensive loss |  | $ | (665) |  |  | $ | (563) |  |  | $ | (434) |
(1)For the year ended June 30, 2020 and 2019, $(35) million and $(28) million, respectively, was recorded in Net sales in the accompanying consolidated statements of earnings. For the year ended June 30, 2018, $22 million and $24 million were recorded in Cost of sales and Selling, general and administrative expenses, respectively, in the accompanying consolidated statements of earnings. (2)Amounts recorded in Interest expense in the accompanying consolidated statements of earnings. (3)Amounts recorded in Provision for income taxes in the accompanying consolidated statements of earnings. (4)See Note 15 – Pension, Deferred Compensation and Post-Retirement Benefit Plans for additional information.

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- Definition Tabular disclosure of the components of accumulated other comprehensive income (loss). + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 220 -SubTopic 10 -Section 45 -Paragraph 14A -URI http://asc.fasb.org/extlink&oid=118930883&loc=SL7669686-108580 + Details
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