XML 33 R21.htm IDEA: XBRL DOCUMENT
v3.25.3

Shareholders' Equity | 3 Months Ended
--- | ---
Sep. 30, 2025
Equity [Abstract] |
Shareholders' equity | Shareholders' Equity The changes in ordinary and treasury shares during the three months ended September 30, 2025, and 2024 were as follows:
|  | Ordinary Shares |  | Treasury Shares
(shares and $ in millions) |  | Number of Shares |  | Amount |  | Number of Shares |  | Amount
Balance as of June 30, 2024 |  | 1,445 |  |  | $ | 14 |  |  | 1 |  |  | $ | (11) |
Options exercised and shares vested |  | — |  |  | — |  |  | (4) |  |  | 45 |
Purchase of treasury shares |  | — |  |  | — |  |  | 4 |  |  | (43) |
Balance as of September 30, 2024 |  | 1,445 |  |  | $ | 14 |  |  | 1 |  |  | $ | (9) |
Balance as of June 30, 2025 |  | 2,305 |  |  | $ | 23 |  |  | — |  |  | $ | (6) |
Options exercised and shares vested |  | — |  |  | — |  |  | (1) |  |  | 18 |
Purchase of treasury shares |  | — |  |  | — |  |  | 2 |  |  | (22) |
Issuance of shares |  | 3 |  |  | — |  |  | 3 |  |  | (25) |
Balance as of September 30, 2025 |  | 2,308 |  |  | $ | 23 |  |  | 4 |  |  | $ | (35) |
The changes in the components of accumulated other comprehensive loss, net of tax, during the three months ended September 30, 2025, and 2024 were as follows:
|  | Foreign Currency Translation |  | Net Investment Hedge |  | Pension |  | Effective Derivatives |  | Total Accumulated Other Comprehensive Loss
($ in millions) |  |  |  |  |
Balance as of June 30, 2024 |  | $ | (931) |  |  | $ | (13) |  |  | $ | (55) |  |  | $ | (21) |  |  | $ | (1,020) |
Other comprehensive income before reclassifications |  | 1 |  |  | — |  |  | 1 |  |  | 12 |  |  | 14 |
Amounts reclassified from accumulated other comprehensive loss |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Net current period other comprehensive income |  | 1 |  |  | — |  |  | 1 |  |  | 12 |  |  | 14 |
Balance as of September 30, 2024 |  | $ | (930) |  |  | $ | (13) |  |  | $ | (54) |  |  | $ | (9) |  |  | $ | (1,006) |
Balance as of June 30, 2025 |  | $ | (910) |  |  | $ | (73) |  |  | $ | (53) |  |  | $ | (27) |  |  | $ | (1,063) |
Other comprehensive income / (loss) before reclassifications |  | (4) |  |  | 20 |  |  | — |  |  | 7 |  |  | 23 |
Amounts reclassified from accumulated other comprehensive loss |  | — |  |  | — |  |  | 1 |  |  | 2 |  |  | 3 |
Net current period other comprehensive income / (loss) |  | (4) |  |  | 20 |  |  | 1 |  |  | 9 |  |  | 26 |
Balance as of September 30, 2025 |  | $ | (914) |  |  | $ | (53) |  |  | $ | (52) |  |  | $ | (18) |  |  | $ | (1,037) |
The following tables provide details of amounts reclassified from AOCI into income:
|  | Three Months Ended September 30, |  |
($ in millions) |  | 2025 |  | 2024 |  |  |  |
Amortization of pension: |  |  |  |  |  |  |  |
Amortization of prior service credit |  | $ | (1) |  |  | $ | (1) |  |  |  |  |
Amortization of actuarial loss |  | 2 |  |  | 1 |  |  |  |  |
Effect of pension settlement/curtailment |  | — |  |  | — |  |  |  |  |
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 |  |  | $ | (1) |  |  |  |  |
Forward exchange contracts |  | — |  |  | — |  |  |  |  |
Treasury locks |  | 1 |  |  | 1 |  |  |  |  |
Total before tax effect |  | 2 |  |  | — |  |  |  |  |
Tax effect on amounts reclassified into earnings |  | — |  |  | — |  |  |  |  |
Total net of tax |  | $ | 2 |  |  | $ | — |  |  |  |  |
Forward contracts to purchase own shares The Company's employee share plans require the delivery of shares to employees in the future when rights vest or vested options are exercised. The Company acquired shares on the open market to deliver shares to employees to satisfy vesting or exercising commitments which exposes the Company to market price risk. As of June 30, 2025, the Company had forward contracts outstanding that were entered into in September 2022 to purchase 2 million shares at a weighted average price of $12.16. During the three months ended September 30, 2025, the Company settled the remaining forward contracts and therefore had no such contracts outstanding as of September 30, 2025. As of June 30, 2025, the forward contracts to purchase the Company's own shares were included in other current liabilities in the unaudited condensed consolidated balance sheets. Equity is reduced by an amount equal to the fair value of the shares at inception. The carrying value of the forward contracts was determined based on the present value of the cost required to settle the contracts.

X
- References No definition available. + Details
Name: | us-gaap_EquityAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for equity. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 8A -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-8A Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (h) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 505 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147478448/946-505-50-6 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 40 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480237/815-40-50-6 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.3-04) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480008/505-10-S99-1 Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 505 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/505/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (g) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 13 -Subparagraph (i) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-13 Reference 14: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 15: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 14 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-14 Reference 16: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 16 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-16 Reference 17: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 18: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 Reference 19: http://www.xbrl.org/2003/role/disclosureRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 18 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-18 + Details
Name: | us-gaap_StockholdersEquityNoteDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration