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Derivative Instruments (Tables)
 3 Months Ended
Sep. 30, 2025
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Outstanding Commodity Contracts The Company had the following outstanding commodity contracts to hedge forecasted purchases:
 September 30, 2025June 30, 2025
CommodityVolumeVolume
Aluminum21,066 tons29,354 tons
PET resin1,763,805 lbs.5,840,909 lbs.
Schedule of Derivative Liabilities at Fair Value The following table provides the location of derivative instruments in the unaudited condensed consolidated balance sheets:
($ in millions)Balance Sheet LocationSeptember 30, 2025June 30, 2025
Assets
Derivatives in cash flow hedging relationships:
Commodity contractsOther current assets$2 $1 
Forward exchange contractsOther current assets3 6 
Derivatives not designated as hedging instruments:
Forward exchange contractsOther current assets1 — 
Total current derivative contracts6 7 
Total non-current derivative contracts— — 
Total derivative asset contracts$6 $7 
Liabilities
Derivatives in cash flow hedging relationships:
Commodity contractsOther current liabilities$1 $3 
Forward exchange contractsOther current liabilities2 4 
Derivatives in net investment hedge relationships:
Cross currency swaps
Other current liabilities
268 294 
Derivatives not designated as hedging instruments:
Forward exchange contractsOther current liabilities— 1 
Cross currency swaps
Other current liabilities112 114 
Total current derivative contracts383 416 
Derivatives in fair value hedging relationships:
Interest rate swapsOther non-current liabilities58 63 
Cross currency swapsOther non-current liabilities81 89 
Total non-current derivative contracts139 152 
Total derivative liability contracts$522 $568 
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss) The following tables provide the effects of derivative instruments on AOCI and in the unaudited condensed consolidated statements of income:
Location of Gain / (Loss) Reclassified from AOCI into IncomeGain / (Loss) Reclassified from AOCI into Income (Effective Portion)
Three Months Ended September 30,
($ in millions)20252024
Derivatives in cash flow hedging relationships
Commodity contractsCost of sales$(1)$1 
Treasury locksInterest expense(1)(1)
Total$(2)$— 
Schedule of Derivatives Not Designated as Hedging Instruments
Location of Gain / (Loss) Recognized in the Unaudited Condensed Consolidated Statements of IncomeGain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments
Three Months Ended September 30,
($ in millions)20252024
Derivatives not designated as hedging instruments
Forward exchange contractsOther income, net1 $— 
Interest rate swapsOther income, net— (1)
Cross currency swaps (1)Other income, net4 — 
Total$5 $(1)
(1)Includes the amortization of the excluded component of cross currency swaps designated in a net investment hedge relationship.
Schedule of Fair Value Hedging Instruments In Condensed Consolidated Statement of Income
Location of Gain Recognized in the Unaudited Condensed Consolidated Statements of IncomeGain / (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships
Three Months Ended September 30,
($ in millions)20252024
Derivatives in fair value hedging relationships
Interest rate swapsInterest expense$5 $25 
Cross currency swaps (1)Interest expense4 3 
Cross currency swapsOther income, net(2)(35)
Total$7 $(7)
(1)Represents the gains for amounts excluded from the effectiveness testing.