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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Sep. 30, 2021
Accounting Policies [Abstract] |
Schedule of inventory and promotional merchandise | Inventory and promotional merchandise consists of the following:
(In millions) |  | September 30 2021 |  | June 30 2021
Raw materials |  | $ | 697 |  |  | $ | 674 |
Work in process |  | 290 |  |  | 330 |
Finished goods |  | 1,354 |  |  | 1,213 |
Promotional merchandise |  | 292 |  |  | 288 |
|  | $ | 2,633 |  |  | $ | 2,505 |
Schedule of property, plant and equipment | Property, plant and equipment consists of the following:
(In millions) |  | September 30 2021 |  | June 30 2021
Assets (Useful Life) |  |  |  |
Land |  | $ | 53 |  |  | $ | 55 |
Buildings and improvements (10 to 40 years) |  | 257 |  |  | 256 |
Machinery and equipment (3 to 10 years) |  | 916 |  |  | 920 |
Computer hardware and software (4 to 10 years) |  | 1,375 |  |  | 1,303 |
Furniture and fixtures (5 to 10 years) |  | 125 |  |  | 125 |
Leasehold improvements |  | 2,300 |  |  | 2,312 |
Construction in progress |  | 744 |  |  | 647 |
|  | 5,770 |  |  | 5,618 |
Less accumulated depreciation and amortization |  | (3,412) |  |  | (3,338) |
|  | $ | 2,358 |  |  | $ | 2,280 |
Schedule of other accrued liabilities | Other accrued liabilities consist of the following:
(In millions) |  | September 30 2021 |  | June 30 2021
Advertising, merchandising and sampling |  | $ | 348 |  |  | $ | 294 |
Employee compensation |  | 456 |  |  | 670 |
Deferred revenue |  | 379 |  |  | 322 |
Payroll and other non-income taxes |  | 311 |  |  | 359 |
Accrued income taxes |  | 336 |  |  | 237 |
Sales return accrual |  | 378 |  |  | 369 |
Other |  | 974 |  |  | 944 |
|  | $ | 3,182 |  |  | $ | 3,195 |

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