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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2018

Defined Benefit Plan [Abstract]

Changes in Projected Benefit Obligations, Fair Value of Plan Assets, and Funded Status of Plan

Summarized information for the Company’s retirement income and retirement health care plans as of and for the fiscal years ended June 30 is as follows:

	Retirement Income								Retirement Health Care
	2018				2017				2018				2017
Change in benefit obligations:
Benefit obligation as of beginning of year	$	633			$	673			$	42			$	47
Service cost	1				1				—				—
Interest cost	23				22				2				2
Actuarial loss (gain)	(21		)		(21		)		(2		)		(4		)
Plan amendments	1				—				—				—
Translation and other adjustments	(1		)		—				—				—
Benefits paid	(43		)		(42		)		(4		)		(3		)
Benefit obligation as of end of year	593				633				38				42
Change in plan assets:
Fair value of assets as of beginning of year	$	434			$	423			$	—			$	—
Actual return on plan assets	8				22				—				—
Employer contributions	22				31				4				3
Benefits paid	(43		)		(42		)		(4		)		(3		)
Translation and other adjustments	(1		)		—				—				—
Fair value of plan assets as of end of year	420				434				—				—
Accrued benefit cost, net funded status	$	(173	)		$	(199	)		$	(38	)		$	(42	)

Schedule of Amounts Recognized in the Balance Sheets

Amount recognized in the balance sheets consists of:
Pension benefit assets	$	3			$	2			$	—			$	—
Current accrued benefit liability	(13		)		(15		)		(2		)		(3		)
Non-current accrued benefit liability	(163		)		(186		)		(36		)		(39		)
Accrued benefit cost, net	$	(173	)		$	(199	)		$	(38	)		$	(42	)

Schedule of Accumulated Benefit Obligations in Excess of Plan Assets

Retirement income plans with ABO in excess of plan assets as of June 30 were as follows:

	ABO Exceeds the Fair Value of Plan Assets
	2018				2017
Projected benefit obligation	$	571			$	611
Accumulated benefit obligation	571				610
Fair value of plan assets	395				409

Schedule of Components of Net Periodic Benefit Cost

The net cost of the retirement income and health care plans for the fiscal years ended June 30 included the following components:

	Retirement Income												Retirement Health Care
	2018				2017				2016				2018				2017				2016
Service cost	$	1			$	1			$	1			$	—			$	—			$	—
Interest cost	23				22				26				2				2				2
Expected return on plan assets	(19		)		(20		)		(17		)		—				—				—
Amortization of unrecognized items	10				11				10				(3		)		(2		)		(3		)
Total	$	15			$	14			$	20			$	(1	)		$	—			$	(1	)

Schedule of Items Not Yet Recognized as a Component of Postretirement Expense

Items not yet recognized as a component of postretirement expense as of June 30, 2018, consisted of:

	Retirement Income				Retirement Health Care
Net actuarial loss (gain)	$	242			$	(17	)
Prior service benefit	—				(3		)
Net deferred income tax (assets) liabilities	(91		)		7
Accumulated other comprehensive loss (income)	$	151			$	(13	)

Summary of Amounts Recognized in Accumulated Other Comprehensive Net Losses

Net actuarial loss (gain) recorded in Accumulated other comprehensive net (losses) income for the fiscal year ended June 30, 2018, included the following:

	Retirement Income				Retirement Health Care
Net actuarial loss (gain) as of beginning of year	$	262			$	(16	)
Amortization during the year	(10		)		1
Loss (gain) during the year	(10		)		(2		)
Net actuarial loss (gain) as of end of year	$	242			$	(17	)

Schedule of Weighted Average Assumptions Used

Weighted-average assumptions used to estimate the actuarial present value of benefit obligations as of June 30 were as follows:

	Retirement Income						Retirement Health Care
	2018			2017			2018			2017
Discount rate	4.10	%		3.70	%		4.01	%		3.66	%
Rate of compensation increase	2.87	%		2.83	%		n/a			n/a

Weighted-average assumptions used to estimate the retirement income and retirement health care costs as of June 30 were as follows:

	Retirement Income
	2018			2017			2016
Discount rate	3.70	%		3.42	%		4.20	%
Rate of compensation increase	2.83	%		2.92	%		3.37	%
Expected return on plan assets	4.43	%		4.73	%		4.34	%
	Retirement Health Care
	2018			2017			2016
Discount rate	3.66	%		3.42	%		4.16	%

Schedule of Expected Benefit Payments

Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2018, were as follows:

	Retirement Income				Retirement Health Care
2019	$	38			$	3
2020	52				3
2021	37				3
2022	37				3
2023	37				3
Fiscal years 2024 through 2028	190				14

Schedule of Target Allocation and Weighted Average Allocation of Plan Assets

The following table sets forth by level within the fair value hierarchy, the retirement income plans’ assets carried at fair value as of June 30:

	2018
	Level 1				Level 2				Total
Cash equivalents	$	3			$	—			$	3
Total assets in the fair value hierarchy	$	3			$	—			$	3
Common collective trusts measured at net asset value
Bond funds									$	299
International equity funds									60
Domestic equity funds									44
Real estate fund									14
Total common collective trusts measured at net asset value									417
Total assets at fair value									$	420

	2017
	Level 1				Level 2				Total
Cash equivalents	$	2			$	—			$	2
Total assets in the fair value hierarchy	$	2			$	—			$	2
Common collective trusts measured at net asset value
Bond funds									$	310
International equity funds									64
Domestic equity funds									46
Real estate fund									12
Total common collective trusts measured at net asset value									432
Total assets at fair value									$	434

The target allocations and weighted average asset allocations by asset category of the investment portfolio for the Company’s domestic retirement income plans as of June 30 were:

	% Target Allocation						% of Plan Assets
	2018			2017			2018			2017
U.S. equity	11	%		11	%		11	%		11	%
International equity	12	%		12	%		12	%		12	%
Fixed income	74	%		74	%		74	%		73	%
Other	3	%		3	%		3	%		4	%
Total	100	%		100	%		100	%		100	%

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