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PENSION AND POST-RETIREMENT BENEFIT PLANS (Tables)

3 Months Ended

Sep. 30, 2023

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 September 30, 2023 and 2022 consisted of the following:

						Pension Plans																								Other than Pension Plans
						U.S.												International												Post-retirement
(In millions)						2023						2022						2023						2022						2023						2022
Service cost						$	9					$	9					$	6					$	7					$	—					$	—
Interest cost						12						10						5						3						2						2
Expected return on plan assets						(14)						(14)						(6)						(4)						—						—
Amortization of:
Actuarial loss (gain)						1						1						(2)						(1)						—						—
Net periodic benefit cost						$	8					$	6					$	3					$	5					$	2					$	2

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)						September 30, 2023						June 30, 2023
Other assets						$	112					$	115
Other accrued liabilities						(35)						(34)
Other noncurrent liabilities						(352)						(395)
Funded status						(275)						(314)
Accumulated other comprehensive loss						235						235
Net amount recognized						$	(40)					$	(79)

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- References

No definition available.

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- 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
-Name Accounting Standards Codification
-Topic 715
-SubTopic 20
-Section 50
-Paragraph 1
-Subparagraph (c)
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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- 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
-Topic 715
-SubTopic 20
-Subparagraph (h)
-Name Accounting Standards Codification
-Paragraph 1
-Section 50
-Publisher FASB
-URI https://asc.fasb.org//1943274/2147480506/715-20-50-1

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