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Restructuring (Tables) | 3 Months Ended
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Sep. 30, 2023
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Related Costs | The total costs incurred from the beginning of the Company's 2023 Restructuring Plan and other restructuring plans are as follows:
($ in millions) |  | 2023 Restructuring Plan (1) |  | Other Restructuring Plans (2) |  | Total Restructuring and Related Expenses
Fiscal year 2023 |  | $ | 94 |  |  | $ | 17 |  |  | $ | 111 |
Fiscal year 2024, first quarter |  | 26 |  |  | 2 |  |  | 28 |
Net expenses incurred |  | $ | 120 |  |  | $ | 19 |  |  | $ | 139 |
(1)Includes restructuring related expenses from the 2023 Restructuring Plan of $6 million and $3 million for fiscal year 2023 and first quarter of fiscal year 2024, respectively. In the three months ended September 30, 2023, $23 million of the restructuring and related expenses, net, were incurred in the Flexibles reportable segment and $3 million in the Rigid Packaging reportable segment. (2)Includes restructuring related costs of $4 million and nil for fiscal year 2023 and first quarter of fiscal year 2024, respectively. An analysis of the restructuring charges by type incurred follows:
|  | Three Months Ended September 30, |  |
($ in millions) |  | 2023 |  | 2022 |  |  |  |
Employee related expenses |  | $ | 16 |  |  | $ | 1 |  |  |  |  |
Fixed asset related expenses |  | 6 |  |  | — |  |  |  |  |
Other expenses |  | 3 |  |  | — |  |  |  |  |
Total restructuring expenses, net |  | $ | 25 |  |  | $ | 1 |  |  |  |  |
Schedule of Restructuring Plan Liability | An analysis of the Company's restructuring plan liability is as follows:
($ in millions) |  | Employee Costs |  | Fixed Asset Related Costs |  | Other Costs |  | Total Restructuring Costs
Liability balance as of June 30, 2023 |  | $ | 126 |  |  | $ | 3 |  |  | $ | 21 |  |  | $ | 150 |
Net charges to earnings |  | 16 |  |  | 6 |  |  | 3 |  |  | 25 |
Cash paid |  | (22) |  |  | — |  |  | (8) |  |  | (30) |
Non-cash and other |  | — |  |  | (6) |  |  | — |  |  | (6) |
Foreign currency translation |  | (4) |  |  | — |  |  | (1) |  |  | (5) |
Liability balance as of September 30, 2023 |  | $ | 116 |  |  | $ | 3 |  |  | $ | 15 |  |  | $ | 134 |

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- Definition Tabular disclosure of costs incurred for restructuring including, but not limited to, exit and disposal activities, remediation, implementation, integration, asset impairment, and charges against earnings from the write-down of assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 1 -Subparagraph (SAB TOPIC 5.P.3) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB TOPIC 5.P.4) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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- Definition Tabular disclosure of an entity's restructuring reserve that occurred during the period associated with the exit from or disposal of business activities or restructurings for each major type of cost. This element may also include a description of any reversal and other adjustment made during the period to the amount of an accrued liability for restructuring activities. This element may be used to encapsulate the roll forward presentations of an entity's restructuring reserve by type of cost and in total, and explanation of changes that occurred in the period. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section 50 -Paragraph 1 -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482017/420-10-50-1 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 420 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4(b)(2)) -Publisher FASB -URI https://asc.fasb.org//1943274/2147479823/420-10-S99-2 + Details
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