XML 39 R28.htm IDEA: XBRL DOCUMENT
v3.20.4

PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables) | 6 Months Ended
--- | ---
Dec. 31, 2020
Retirement Benefits [Abstract] |
Schedule of components of net periodic benefit cost for pension and other post-retirement benefit plans | The components of net periodic benefit cost for the three months ended December 31, 2020 and 2019 consisted of the following:
|  | Pension Plans |  | Other than Pension Plans
|  | U.S. |  | International |  | Post-retirement
(In millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Service cost |  | $ | 11 |  |  | $ | 10 |  |  | $ | 9 |  |  | $ | 9 |  |  | $ | — |  |  | $ | 1 |
Interest cost |  | 7 |  |  | 9 |  |  | 3 |  |  | 2 |  |  | 2 |  |  | 1 |
Expected return on plan assets |  | (13) |  |  | (13) |  |  | (3) |  |  | (4) |  |  | — |  |  | — |
Amortization of: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss |  | 5 |  |  | 3 |  |  | 1 |  |  | 2 |  |  | — |  |  | — |
Special termination benefits |  | — |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost |  | $ | 10 |  |  | $ | 9 |  |  | $ | 17 |  |  | $ | 9 |  |  | $ | 2 |  |  | $ | 2 |
The components of net periodic benefit cost for the six months ended December 31, 2020 and 2019 consisted of the following:
|  | Pension Plans |  | Other than Pension Plans
|  | U.S. |  | International |  | Post-retirement
(In millions) |  | 2020 |  | 2019 |  | 2020 |  | 2019 |  | 2020 |  | 2019
Service cost |  | $ | 22 |  |  | $ | 20 |  |  | $ | 18 |  |  | $ | 18 |  |  | $ | — |  |  | $ | 2 |
Interest cost |  | 15 |  |  | 17 |  |  | 5 |  |  | 5 |  |  | 3 |  |  | 3 |
Expected return on plan assets |  | (26) |  |  | (26) |  |  | (6) |  |  | (7) |  |  | — |  |  | (1) |
Amortization of: |  |  |  |  |  |  |  |  |  |  |  |
Actuarial loss |  | 10 |  |  | 7 |  |  | 2 |  |  | 3 |  |  | — |  |  | — |
Special termination benefits |  | — |  |  | — |  |  | 9 |  |  | — |  |  | — |  |  | — |
Net periodic benefit cost |  | $ | 21 |  |  | $ | 18 |  |  | $ | 28 |  |  | $ | 19 |  |  | $ | 3 |  |  | $ | 4 |
Schedule of amounts recognized in the consolidated balance sheets related to the Company's pension and post-retirement benefit plans | The amounts recognized in the consolidated balance sheets related to the Company’s pension and post-retirement benefit plans consist of the following:
(In millions) |  | December 31 2020 |  | June 30 2020
Other assets |  | $ | 138 |  |  | $ | 127 |
Other accrued liabilities |  | (27) |  |  | (27) |
Other noncurrent liabilities |  | (472) |  |  | (440) |
Funded status |  | (361) |  |  | (340) |
Accumulated other comprehensive loss |  | 314 |  |  | 324 |
Net amount recognized |  | $ | (47) |  |  | $ | (16) |

X
- References No definition available. + Details
Name: | us-gaap_CompensationAndRetirementDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the amounts that are recognized in the balance sheet (or statement of financial position) for pension plans and/or other employee benefit plans, showing separately the assets and current and noncurrent liabilities (if applicable) recognized. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (c) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfAmountsRecognizedInBalanceSheetTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net benefit costs for pension plans and/or other employee benefit plans including service cost, interest cost, expected return on plan assets, gain (loss), prior service cost or credit, transition asset or obligation, and gain (loss) recognized due to settlements or curtailments. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 715 -SubTopic 20 -Section 50 -Paragraph 1 -Subparagraph (h) -URI http://asc.fasb.org/extlink&oid=118255775&loc=d3e1928-114920 + Details
Name: | us-gaap_ScheduleOfNetBenefitCostsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration