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Restructuring (Tables) | 3 Months Ended
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Sep. 30, 2025
Restructuring and Related Activities [Abstract] |
Schedule of Restructuring Related Costs | Restructuring, transaction and integration expenses, net, as reported on the unaudited condensed consolidated statements of income are summarized as follows:
|  | Three Months Ended September 30, |  |
($ in millions) |  | 2025 |  | 2024 |  |  |  |
Transaction costs |  | $ | (22) |  |  | $ | — |  |  |  |  |
Restructuring, integration and related expenses, net (1) |  | (53) |  |  | (6) |  |  |  |  |
Restructuring, transaction, and integration expenses, net |  | $ | (75) |  |  | $ | (6) |  |  |  |  |
The total restructuring and related costs incurred in the first quarter of fiscal years 2025 and 2026 are as follows:
($ in millions) |  | Berry Plan (1) | 2023 Restructuring Plan (2) |  | Other Restructuring Plans (3) |  | Total Restructuring and Related Expenses
Fiscal year 2025, first quarter |  | — |  | 6 |  |  | — |  |  | 6 |
Fiscal year 2026, first quarter |  | 40 |  | — |  |  | 5 |  |  | 45 |
(1)Includes restructuring related expenses of $2 million for the first quarter of fiscal year 2026. (2)The 2023 Restructuring Plan was announced on February 7, 2023, and relates to the Company’s various cost saving initiatives to partly offset divested earnings from the three manufacturing facilities in Russia that were sold in fiscal year 2023. This plan was completed at the end of calendar year 2025 and included restructuring related expenses of $2 million for the first quarter of fiscal year 2025. (3)Includes restructuring related costs of $2 million for the first quarter of fiscal year 2026. An analysis of the restructuring charges by type incurred is as follows:
|  | Three Months Ended September 30, |  |
($ in millions) |  | 2025 |  | 2024 |  |  |  |
Employee related expenses |  | $ | 48 |  |  | $ | — |  |  |  |  |
Fixed asset related expenses/(gains) (1) |  | (12) |  |  | 1 |  |  |  |  |
Other expenses |  | 5 |  |  | 3 |  |  |  |  |
Total restructuring expenses, net |  | $ | 41 |  |  | $ | 4 |  |  |  |  |
Schedule of Restructuring Plan Liability | An analysis of the Company's restructuring plan liability, not including restructuring related liabilities, is as follows:
($ in millions) |  | Employee Costs |  | Fixed Asset Related Costs |  | Other Costs |  | Total Restructuring Costs
Liability balance as of June 30, 2025 |  | $ | 97 |  |  | $ | — |  |  | $ | 8 |  |  | $ | 105 |
Net charges to earnings |  | 48 |  |  | 9 |  |  | 5 |  |  | 62 |
Cash paid |  | (26) |  |  | — |  |  | (4) |  |  | (30) |
Non-cash and other |  | (1) |  |  | (9) |  |  | — |  |  | (10) |
Liability balance as of September 30, 2025 |  | $ | 118 |  |  | $ | — |  |  | $ | 9 |  |  | $ | 127 |

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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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SAB Topic 5.P.4) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479823/420-10-S99-2 Reference 3: 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 + 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 -Topic 420 -SubTopic 10 -Name Accounting Standards Codification -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 Reference 2: 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 + Details
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