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FAIR VALUE MEASUREMENTS (Tables) | 9 Months Ended
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Mar. 31, 2025
Fair Value Disclosures [Abstract] |
Schedule of financial assets and liabilities measured at fair value on a recurring basis | The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of March 31, 2025:
(In millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Money market funds |  | $ | 961 |  |  | $ | — |  |  | $ | — |  |  | $ | 961 |
Foreign currency forward contracts |  | — |  |  | 55 |  |  | — |  |  | 55 |
Cross-currency swap contracts |  | — |  |  | 64 |  |  | — |  |  | 64 |
Total |  | $ | 961 |  |  | $ | 119 |  |  | $ | — |  |  | $ | 1,080 |
Liabilities: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | — |  |  | $ | 49 |  |  | $ | — |  |  | $ | 49 |
Interest rate contracts |  | — |  |  | 118 |  |  | — |  |  | 118 |
Cross-currency swap contracts |  | — |  |  | 4 |  |  | — |  |  | 4 |
Total |  | $ | — |  |  | $ | 171 |  |  | $ | — |  |  | $ | 171 |
The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2024:
(In millions) |  | Level 1 |  | Level 2 |  | Level 3 |  | Total
Assets: |  |  |  |  |  |  |  |
Money market funds |  | $ | 1,507 |  |  | $ | — |  |  | $ | — |  |  | $ | 1,507 |
Foreign currency forward contracts |  | — |  |  | 68 |  |  | — |  |  | 68 |
Cross-currency swap contracts |  | — |  |  | 80 |  |  | — |  |  | 80 |
Total |  | $ | 1,507 |  |  | $ | 148 |  |  | $ | — |  |  | $ | 1,655 |
Liabilities: |  |  |  |  |  |  |  |
Foreign currency forward contracts |  | $ | — |  |  | $ | 21 |  |  | $ | — |  |  | $ | 21 |
Interest rate contracts |  | — |  |  | 145 |  |  | — |  |  | 145 |
Total |  | $ | — |  |  | $ | 166 |  |  | $ | — |  |  | $ | 166 |
Schedule of estimated fair values of financial instruments | The estimated fair values of the Company’s financial instruments are as follows:
|  | March 31, 2025 |  | June 30, 2024
(In millions) |  | Carrying Amount |  | Fair Value |  | Carrying Amount |  | Fair Value
Nonderivatives |  |  |  |  |  |  |  |
Cash and cash equivalents |  | $ | 2,631 |  |  | $ | 2,631 |  |  | $ | 3,395 |  |  | $ | 3,395 |
Current and long-term debt |  | 7,301 |  |  | 6,728 |  |  | 7,771 |  |  | 7,174 |
Deferred consideration payable |  | 321 |  |  | 322 |  |  | 341 |  |  | 340 |
Derivatives |  |  |  |  |  |  |  |
Foreign currency forward contracts – asset (liability), net |  | 6 |  |  | 6 |  |  | 47 |  |  | 47 |
Cross-currency swap contracts - asset (liability), net |  | 60 |  |  | 60 |  |  | 80 |  |  | 80 |
Interest rate contracts – liability |  | (118) |  |  | (118) |  |  | (145) |  |  | (145) |

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- Definition Tabular disclosure of the fair value of financial instruments, including financial assets and financial liabilities, and the measurements of those instruments, assets, and liabilities. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 825 -SubTopic 10 -Section 50 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482907/825-10-50-11 + Details
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- Definition Tabular disclosure of assets and liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 820 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482106/820-10-50-2 + Details
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