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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

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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Tabular disclosure of physical assets used in the normal conduct of business and not intended for resale. Includes, but is not limited to, balances by class of assets, depreciation and depletion expense and method used, including composite depreciation, and accumulated deprecation.

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Tabular disclosure of the carrying amount as of the balance sheet date of merchandise, goods, commodities, or supplies held for future sale or to be used in manufacturing, servicing or production process.

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