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Shareholders' Equity (Tables)

3 Months Ended

Sep. 30, 2023

Equity [Abstract]

Schedule of Changes in Ordinary and Treasury Shares

The changes in ordinary and treasury shares during the three months ended September 30, 2023 and 2022 were as follows:

						Ordinary Shares												Treasury Shares
(shares and $ in millions)						Number of Shares						Amount						Number of Shares						Amount
Balance as of June 30, 2022						1,489						$	15					2						$	(18)
Options exercised and shares vested						—						—						(14)						171
Purchase of treasury shares						—						—						16						(202)
Balance as of September 30, 2022						1,489						$	15					4						$	(49)
Balance as of June 30, 2023						1,448						$	14					1						$	(12)
Share buyback / cancellations						(3)						—						—						—
Shares vested						—						—						(4)						45
Purchase of treasury shares						—						—						4						(45)
Balance as of September 30, 2023						1,445						$	14					1						$	(12)

Schedule of Accumulated Other Comprehensive Income (Loss)

The changes in the components of accumulated other comprehensive loss during the three months ended September 30, 2023 and 2022 were as follows:

						Foreign Currency Translation						Net Investment Hedge						Pension						Effective Derivatives						Total Accumulated Other Comprehensive Loss
($ in millions)						(Net of Tax)						(Net of Tax)						(Net of Tax)						(Net of Tax)
Balance as of June 30, 2022						$	(892)					$	(13)					$	40					$	(15)					$	(880)
Other comprehensive loss before reclassifications						(161)						—						—						(6)						(167)
Amounts reclassified from accumulated other comprehensive loss						—						—						—						(1)						(1)
Net current period other comprehensive loss						(161)						—						—						(7)						(168)
Balance as of September 30, 2022						$	(1,053)					$	(13)					$	40					$	(22)					$	(1,048)
Balance as of June 30, 2023						$	(823)					$	(13)					$	(10)					$	(16)					$	(862)
Other comprehensive loss before reclassifications						(68)						—						—						—						(68)
Amounts reclassified from accumulated other comprehensive loss						—						—						1						1						2
Net current period other comprehensive income / (loss)						(68)						—						1						1						(66)
Balance as of September 30, 2023						$	(891)					$	(13)					$	(9)					$	(15)					$	(928)

Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)

The following tables provide details of amounts reclassified from accumulated other comprehensive loss:

						Three Months Ended September 30,
($ in millions)						2023						2022
Amortization of pension:
Amortization of prior service credit						$	(1)					$	(1)
Amortization of actuarial loss						1						1
Effect of pension settlement						1						—
Total before tax effect						1						—
Tax effect on amounts reclassified into earnings						—						—
Total net of tax						$	1					$	—
(Gains) / losses on cash flow hedges:
Commodity contracts						$	1					$	(2)
Forward exchange contracts						(1)						—
Treasury locks						1						1
Total before tax effect						1						(1)
Tax effect on amounts reclassified into earnings						—						—
Total net of tax						$	1					$	(1)

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Tabular disclosure of the components of accumulated other comprehensive income (loss).

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Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Name Accounting Standards Codification
-Topic 220
-SubTopic 10
-Section 45
-Paragraph 14A
-Publisher FASB
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Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef
-Topic 830
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-Name Accounting Standards Codification
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-Publisher FASB
-URI https://asc.fasb.org//1943274/2147481674/830-30-50-1

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-Name Accounting Standards Codification
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-Paragraph 2
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