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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Sep. 30, 2020
Accounting Policies [Abstract] |
Schedule of inventory and promotional merchandise | Inventory and promotional merchandise consists of the following:
(In millions) |  | September 30 2020 |  | June 30 2020
Raw materials |  | $ | 553 |  |  | $ | 542 |
Work in process |  | 266 |  |  | 305 |
Finished goods |  | 1,126 |  |  | 995 |
Promotional merchandise |  | 259 |  |  | 220 |
|  | $ | 2,204 |  |  | $ | 2,062 |
Schedule of property, plant and equipment | Property, plant and equipment consists of the following:
(In millions) |  | September 30 2020 |  | June 30 2020
Assets (Useful Life) |  |  |  |
Land |  | $ | 34 |  |  | $ | 33 |
Buildings and improvements (10 to 40 years) |  | 419 |  |  | 400 |
Machinery and equipment (3 to 10 years) |  | 913 |  |  | 865 |
Computer hardware and software (4 to 10 years) |  | 1,374 |  |  | 1,335 |
Furniture and fixtures (5 to 10 years) |  | 122 |  |  | 120 |
Leasehold improvements |  | 2,426 |  |  | 2,381 |
|  | 5,288 |  |  | 5,134 |
Less accumulated depreciation and amortization |  | (3,211) |  |  | (3,079) |
|  | $ | 2,077 |  |  | $ | 2,055 |
Schedule of other accrued liabilities | Other accrued liabilities consist of the following:
(In millions) |  | September 30 2020 |  | June 30 2020
Advertising, merchandising and sampling |  | $ | 316 |  |  | $ | 256 |
Employee compensation |  | 405 |  |  | 424 |
Deferred revenue |  | 353 |  |  | 222 |
Payroll and other taxes |  | 277 |  |  | 250 |
Accrued income taxes |  | 269 |  |  | 208 |
Sales return accrual |  | 253 |  |  | 212 |
Other |  | 821 |  |  | 833 |
|  | $ | 2,694 |  |  | $ | 2,405 |

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