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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
 12 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities      
Net earnings $ 1,010 $ 2,408 $ 2,875
Adjustments to reconcile net earnings to net cash flows from operating activities:      
Depreciation and amortization 744 727 651
Deferred income taxes (186) (149) (230)
Non-cash stock-based compensation 267 331 327
Net loss on disposal of property, plant and equipment 13 8 23
Non-cash restructuring and other charges 36 14 76
Pension and post-retirement benefit expense 53 78 95
Pension and post-retirement benefit contributions (49) (56) (59)
Goodwill, other intangible and long-lived asset impairments 207 241 188
Changes in fair value of contingent consideration 0 0 (2)
Gain on previously held equity method investment 0 (1) (847)
Other non-cash items (8) (7) (20)
Changes in operating assets and liabilities:      
Decrease (increase) in accounts receivable, net 185 (10) (398)
Increase in inventory and promotional merchandise (64) (602) (140)
Decrease (increase) in other assets, net 26 (101) 13
Increase (decrease) in accounts payable (333) 210 440
Increase (decrease) in other accrued and noncurrent liabilities (129) 1 695
Decrease in operating lease assets and liabilities, net (41) (52) (56)
Net cash flows provided by operating activities 1,731 3,040 3,631
Cash flows from investing activities      
Capital expenditures (1,003) (1,040) (637)
Proceeds from purchase price refund 0 0 32
Payments for acquired businesses, net of cash acquired 0 (3) (1,065)
Purchases of other intangible assets (2,286) 0 0
Purchases of investments (8) (10) (42)
Settlement of net investment hedges 80 108 (152)
Net cash flows used for investing activities (3,217) (945) (1,864)
Cash flows from financing activities      
Proceeds (repayments) of current debt, net (Note 11) 983 (4) (744)
Proceeds from issuance of long-term debt, net 1,995 0 596
Debt issuance costs (15) (1) (4)
Repayments and redemptions of long-term debt (265) (18) (459)
Net proceeds from stock-based compensation transactions 88 151 215
Payment for acquisition of noncontrolling interest 0 (15) 0
Payments to acquire treasury stock (271) (2,309) (733)
Dividends paid to stockholders (925) (840) (753)
Payments to noncontrolling interest holders for dividends 0 0 (8)
Payments of contingent consideration 0 0 (2)
Net cash flows provided by (used for) financing activities 1,590 (3,036) (1,892)
Effect of exchange rate changes on Cash and cash equivalents (32) (60) 61
Net increase (decrease) in Cash and cash equivalents 72 (1,001) (64)
Cash and cash equivalents at beginning of year 3,957 4,958 5,022
Cash and cash equivalents at end of year $ 4,029 $ 3,957 $ 4,958