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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 3 Months Ended
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Sep. 30, 2024
Accounting Policies [Abstract] |
Schedule of inventory and promotional merchandise | Inventory and promotional merchandise consists of the following:
(In millions) |  | September 30, 2024 |  | June 30, 2024
Raw materials |  | $ | 673 |  |  | $ | 696 |
Work in process |  | 272 |  |  | 308 |
Finished goods |  | 1,025 |  |  | 903 |
Promotional merchandise |  | 285 |  |  | 268 |
|  | $ | 2,255 |  |  | $ | 2,175 |
Schedule of property, plant and equipment | Property, plant and equipment consists of the following:
(In millions) |  | September 30, 2024 |  | June 30, 2024
Assets (Useful Life) |  |  |  |
Land and improvements(1) |  | $ | 76 |  |  | $ | 68 |
Buildings and improvements (10 to 40 years) |  | 1,028 |  |  | 929 |
Machinery and equipment (3 to 20 years) |  | 1,339 |  |  | 1,253 |
Computer hardware and software (4 to 10 years) |  | 1,932 |  |  | 1,861 |
Furniture and fixtures (5 to 10 years) |  | 141 |  |  | 137 |
Leasehold improvements |  | 2,504 |  |  | 2,418 |
Construction in progress |  | 470 |  |  | 500 |
|  | 7,490 |  |  | 7,166 |
Less accumulated depreciation and amortization |  | (4,257) |  |  | (4,030) |
|  | $ | 3,233 |  |  | $ | 3,136 |
(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, 2024 |  | June 30, 2024
Advertising, merchandising and sampling |  | $ | 298 |  |  | $ | 276 |
Employee compensation |  | 442 |  |  | 576 |
Accrued sales incentives |  | 397 |  |  | 426 |
Deferred revenue |  | 338 |  |  | 327 |
Payroll and other non-income taxes |  | 356 |  |  | 333 |
Accrued income taxes |  | 182 |  |  | 335 |
Other |  | 1,441 |  |  | 1,131 |
|  | $ | 3,454 |  |  | $ | 3,404 |

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