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DERIVATIVE FINANCIAL INSTRUMENTS - Gain (Loss) on Derivative Financial Instruments (Details) - USD ($) $ in Millions | 3 Months Ended | 9 Months Ended
--- | --- | ---
Mar. 31, 2024 | Mar. 31, 2023 | Mar. 31, 2024 | Mar. 31, 2023
Gain (loss) on derivative financial instruments |  |  |  |
Amount of Gain (Loss) Recognized in OCI on Derivatives | $ 47 | $ (45) | $ 22 | $ (30)
Amount of Gain (Loss) Reclassified from AOCI into Earnings | 15 | 21 | 35 | 58
Cash flow hedges |  |  |  |
Gain (loss) on derivative financial instruments |  |  |  |
Amount of Gain (Loss) Recognized in OCI on Derivatives | 36 | (22) | 28 | 8
Amount of Gain (Loss) Reclassified from AOCI into Earnings | 15 | 21 | 35 | 58
Foreign currency forward contracts | Cash flow hedges |  |  |  |
Gain (loss) on derivative financial instruments |  |  |  |
Amount of Gain (Loss) Recognized in OCI on Derivatives | 36 | (11) | 28 | 7
Foreign currency forward contracts | Net investment hedges |  |  |  |
Gain (loss) on derivative financial instruments |  |  |  |
Amount of Gain (Loss) Recognized in OCI on Derivatives | 11 | (23) | (6) | (38)
Amount of Gain (Loss) Reclassified from AOCI into Earnings | 0 | 0 | 0 | 0
Foreign currency forward contracts | Net sales | Cash flow hedges |  |  |  |
Gain (loss) on derivative financial instruments |  |  |  |
Amount of Gain (Loss) Reclassified from AOCI into Earnings | 15 | 22 | 36 | 59
Interest rate-related derivatives | Cash flow hedges |  |  |  |
Gain (loss) on derivative financial instruments |  |  |  |
Amount of Gain (Loss) Recognized in OCI on Derivatives | 0 | (11) | 0 | 1
Interest rate-related derivatives | Interest expense | Cash flow hedges |  |  |  |
Gain (loss) on derivative financial instruments |  |  |  |
Amount of Gain (Loss) Reclassified from AOCI into Earnings | 0 | (1) | (1) | (1)
Net investment hedges |  |  |  |
Gain (loss) on derivative financial instruments |  |  |  |
Gain recognized in earnings related to the amount excluded from effectiveness testing | $ 3 | $ 6 | $ 13 | $ 19

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