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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Millions
3 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Cash flows from operating activities    
Net earnings (loss) $ 47 $ (156)
Adjustments to reconcile net earnings (loss) to net cash flows from operating activities:    
Depreciation and amortization 200 208
Deferred income taxes (34) (79)
Non-cash stock-based compensation 88 74
Net loss on disposal of property, plant and equipment 0 1
Non-cash restructuring and other charges 3 11
Pension and post-retirement benefit expense 21 18
Pension and post-retirement benefit contributions (28) (32)
Other adjustments and non-cash items (2) 1
Changes in operating assets and liabilities:    
Increase in accounts receivable, net (358) (219)
Decrease (increase) in inventory and promotional merchandise 6 (10)
Increase in other assets, net (11) (47)
Decrease in accounts payable (204) (337)
Decrease in other accrued and noncurrent liabilities (79) (100)
Increase (decrease) in operating lease assets and liabilities, net 11 (3)
Net cash flows used for operating activities (340) (670)
Cash flows from investing activities    
Purchases of investments 0 (1)
Capital expenditures (96) (141)
Proceeds from the disposition of investments 3 0
Settlement of net investment hedges (23) (18)
Net cash flows used for investing activities (116) (160)
Cash flows from financing activities    
Repayments of long-term debt (1) (1)
Settlement of cross-currency swaps 9 10
Net proceeds from stock-based compensation transactions 39 15
Dividends paid to stockholders (127) (240)
Payments to acquire treasury stock (9) (10)
Payment of deferred consideration (150) 0
Net cash flows used for financing activities (239) (226)
Effect of exchange rate changes on Cash and cash equivalents (7) 11
Net decrease in Cash and cash equivalents (702) (1,045)
Cash and cash equivalents at beginning of period 2,921 3,395
Cash and cash equivalents at end of period $ 2,219 $ 2,350