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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Sep. 30, 2023

Accounting Policies [Abstract]

Schedule of inventory and promotional merchandise

Inventory and promotional merchandise consists of the following:

(In millions)						September 30, 2023						June 30, 2023
Raw materials						$	863					$	876
Work in process						325						362
Finished goods						1,334						1,404
Promotional merchandise						341						337
						$	2,863					$	2,979

Schedule of property, plant and equipment

Property, plant and equipment consists of the following:

(In millions)						September 30, 2023						June 30, 2023
Assets (Useful Life)
Land and improvements(1)						$	68					$	70
Buildings and improvements (10 to 40 years)						852						843
Machinery and equipment (3 to 10 years)						1,083						1,071
Computer hardware and software (4 to 10 years)						1,767						1,651
Furniture and fixtures (5 to 10 years)						137						136
Leasehold improvements						2,336						2,310
Construction in progress						691						827
						6,934						6,908
Less accumulated depreciation and amortization						(3,831)						(3,729)
						$	3,103					$	3,179

(1)Land improvements are depreciated over a 10 year useful life.

Schedule of other accrued liabilities

Other accrued liabilities consist of the following:

(In millions)						September 30, 2023						June 30, 2023
Employee compensation						$	472					$	546
Accrued sales incentives						371						321
Deferred revenue						336						323
Payroll and other non-income taxes						307						297
Sales return accrual						313						289
Other						1,501						1,440
						$	3,300					$	3,216

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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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-Name Accounting Standards Codification
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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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