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EQUITY (Tables)
 3 Months Ended
Sep. 30, 2025
Equity [Abstract]  
Schedule of equity
Total Stockholders’ Equity
Three Months Ended
September 30,
(In millions, except per share data)
20252024
Common stock, beginning of the period$6 $6 
Stock-based compensation— — 
Common stock, end of the period6 6 
Paid-in capital, beginning of the period7,012 6,685 
Common stock dividends3 3 
Stock-based compensation126 90 
Paid-in capital, end of the period7,141 6,778 
Retained earnings, beginning of the period11,672 13,427 
Common stock dividends(128)(240)
Net earnings (loss)
47 (156)
Retained earnings, end of the period11,591 13,031 
Accumulated other comprehensive loss, beginning of the period(1,127)(1,140)
Other comprehensive (loss) earnings
(14)83 
Accumulated other comprehensive loss, end of the period(1,141)(1,057)
Treasury stock, beginning of the period(13,698)(13,664)
Stock-based compensation(9)(10)
Treasury stock, end of the period(13,707)(13,674)
Total equity
$3,890 $5,084 
Cash dividends declared per common share$.35 $.66 
Summary of cash dividends declared per share on the Company's Class A and Class B Common Stock
The following is a summary of quarterly cash dividends declared per share on the Company’s Class A and Class B Common Stock during the three months ended September 30, 2025:

Date DeclaredRecord DatePayable DateAmount per Share
August 19, 2025September 2, 2025September 16, 2025$.35 
Schedule of components of AOCI, net of tax
The following table represents changes in accumulated other comprehensive loss, net of tax, by component for the three months ended September 30, 2025:

(In millions)Net Cash
Flow Hedge
Gain (Loss)
Cross-Currency Swap Contracts - Fair Value Hedge Gain(2)
Amounts
Included in Net Periodic Benefit Cost		Translation
Adjustments		Total
Balance at June 30, 2025$(11)$6 $(204)$(918)$(1,127)
OCI before reclassifications (3)
13 6 — (32)
(1)
(13)
Amounts reclassified to Net earnings
— (4)3 — (1)
Net current-period OCI13 2 3 (32)(14)
Balance at September 30, 2025$2 $8 $(201)$(950)$(1,141)
(1)See Note 4 – Derivative Financial Instruments for gains (losses) relating to net investment hedges.
(2)The gain recognized in AOCI, net of tax from cross-currency swap contracts represents the amount excluded from effectiveness testing.
(3)The tax provision included in Net Cash Flow Hedge Gain (Loss), Cross-Currency Swap Contracts - Fair Value Hedge Gain and Translation Adjustments are $3 million, $2 million, and $5 million, respectively.
Schedule of effects of reclassification adjustments from AOCI into net earnings
The following table represents the effects of reclassification adjustments from AOCI into net earnings (loss) for the three months ended September 30, 2025 and 2024:

Amount Reclassified from AOCI
Affected Line Item in
Consolidated
Statements of Earnings (Loss)
Three Months Ended
September 30,
(In millions)20252024
Gain (Loss) on Cash Flow Hedges
Foreign currency forward contracts$— $10 Net sales
Provision for income taxes
— (3)
Provision (benefit) for income taxes
Total gain on cash flow hedges, net of tax
— 7 
Net earnings (loss)
Gain on Cross-Currency Swap Contracts - Fair Value Hedge
Cross-currency swap contracts
5 4 Selling, general and administrative
Provision for income taxes
(1)(1)
Provision (benefit) for income taxes
Total gain on cross-currency swap contracts - fair value hedge, net of tax
4 3 
Net earnings (loss)
Retirement Plan and Other Retiree Benefit Adjustments
Amortization of prior service cost1 2 
Other components of net periodic benefit cost
Amortization of actuarial loss
(5)(4)
Other components of net periodic benefit cost 
Total retirement plan and other retiree benefit adjustments, before tax
(4)(2)
Other components of net periodic benefit cost 
Benefit for income taxes
1 — 
Provision (benefit) for income taxes
Total retirement plan and other retiree benefit adjustments, net of tax
(3)(2)
Net earnings (loss)
Total reclassification adjustments, net$1 $8 
Net earnings (loss)