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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

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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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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