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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables) | 9 Months Ended
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Mar. 31, 2025
Accounting Policies [Abstract] |
Schedule of inventory and promotional merchandise | Inventory and promotional merchandise consists of the following:
(In millions) |  | March 31, 2025 |  | June 30, 2024
Raw materials |  | $ | 617 |  |  | $ | 696 |
Work in process |  | 277 |  |  | 308 |
Finished goods |  | 846 |  |  | 903 |
Promotional merchandise |  | 219 |  |  | 268 |
Total inventory and promotional merchandise |  | $ | 1,959 |  |  | $ | 2,175 |
Schedule of property, plant and equipment | Property, plant and equipment consists of the following:
(In millions) |  | March 31, 2025 |  | June 30, 2024
Assets (Useful Life) |  |  |  |
Land and improvements(1) |  | $ | 71 |  |  | $ | 68 |
Buildings and improvements (10 to 40 years) |  | 998 |  |  | 929 |
Machinery and equipment (3 to 20 years) |  | 1,354 |  |  | 1,253 |
Computer hardware and software (4 to 10 years) |  | 1,911 |  |  | 1,861 |
Furniture and fixtures (5 to 10 years) |  | 138 |  |  | 137 |
Leasehold improvements |  | 2,534 |  |  | 2,418 |
Construction in progress |  | 418 |  |  | 500 |
Total property, plant and equipment, gross |  | 7,424 |  |  | 7,166 |
Less accumulated depreciation and amortization |  | (4,365) |  |  | (4,030) |
Total property, plant and equipment, net |  | $ | 3,059 |  |  | $ | 3,136 |
(1)Land improvements are depreciated over a 10 year useful life.
Schedule of Effective Income Tax Rate Reconciliation |
| Three Months Ended March 31, |  | Nine Months Ended March 31,
| 2025 |  | 2024 |  | 2025 |  | 2024
Effective rate for income taxes | 34.0 | % |  | 31.1 | % |  | 0.3 | % |  | 33.9 | %
Basis-point change from the prior-year period | 290 |  |  |  |  | (3,360) |  |  |
Schedule of other accrued liabilities | Other accrued liabilities consist of the following:
(In millions) |  | March 31, 2025 |  | June 30, 2024
Advertising, merchandising and sampling |  | $ | 306 |  |  | $ | 276 |
Employee compensation |  | 492 |  |  | 576 |
Accrued sales incentives |  | 328 |  |  | 426 |
Accrued restructuring |  | 257 |  |  | 86 |
Deferred revenue |  | 276 |  |  | 327 |
Payroll and other non-income taxes |  | 328 |  |  | 333 |
Accrued income taxes |  | 203 |  |  | 335 |
Sales return accrual |  | 258 |  |  | 248 |
Other |  | 900 |  |  | 797 |
Total other accrued liabilities |  | $ | 3,348 |  |  | $ | 3,404 |

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