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REVENUE RECOGNITION (Tables) | 12 Months Ended
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Jun. 30, 2024
Revenue from Contract with Customer [Abstract] |
Schedule of changes in allowance for credit losses | Changes in the allowance for credit losses are as follows:
|  | June 30
(In millions) |  | 2024 |  | 2023
Allowance for credit losses, beginning of period |  | $ | 16 |  |  | $ | 10 |
Provision (adjustment) for expected credit losses |  | (4) |  |  | 6 |
Write-offs, net & other |  | 2 |  |  | — |
Allowance for credit losses, end of period |  | $ | 14 |  |  | $ | 16 |
Schedule of significant changes in deferred revenue | Changes in deferred revenue are as follows:
|  | June 30
(In millions) |  | 2024 |  | 2023
Deferred revenue, beginning of period |  | $ | 572 |  |  | $ | 362 |
Revenue recognized that was included in the deferred revenue balance at the beginning of the period |  | (316) |  |  | (343) |
Revenue deferred during the period |  | 316 |  |  | 538 |
Other |  | (12) |  |  | 15 |
Deferred revenue, end of period |  | $ | 560 |  |  | $ | 572 |
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction | As of June 30, 2024, the remaining contractually guaranteed minimum royalty amounts due to the Company during future periods are as follows:
(In millions) |  | Minimum Remaining Royalties
Fiscal 2025 |  | $ | 28 |
Fiscal 2026 |  | $ | 29 |
Fiscal 2027 |  | $ | 30 |
Fiscal 2028 |  | $ | 32 |
Fiscal 2029 |  | $ | 33 |
Thereafter |  | $ | 160 |

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- Definition Tabular disclosure of allowance for credit loss on accounts receivable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 326 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479319/326-20-50-13 + Details
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- Definition Tabular disclosure of receivable, contract asset, and contract liability from contract with customer. Includes, but is not limited to, change in contract asset and contract liability. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 606 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 10 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-10 + Details
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- Definition Tabular disclosure of expected timing for satisfying remaining performance obligation. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b)(1) -SubTopic 10 -Topic 606 -Publisher FASB -URI https://asc.fasb.org//1943274/2147479806/606-10-50-13 + Details
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