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OTHER (INCOME) EXPENSE, NET (Tables) | 12 Months Ended
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Jun. 30, 2020
Other Income and Expenses [Abstract] |
Major Components of Other (Income) Expense, Net | The major components of Other (income) expense, net, for the fiscal years ended June 30 were:
| 2020 |  | 2019 |  | 2018
Income from equity investees | $ | (20) |  |  | $ | (15) |  |  | $ | (12) |
Amortization of trademarks and other intangible assets | 13 |  |  | 17 |  |  | 11 |
Net periodic benefit cost (1) | 10 |  |  | 14 |  |  | — |
Foreign exchange transaction (gains) losses, net | 7 |  |  | 7 |  |  | 3 |
Asset impairment charges | 2 |  |  | — |  |  | 1 |
Interest income | (2) |  |  | (3) |  |  | (6) |
Indemnity settlement from past acquisition | (15) |  |  | — |  |  | — |
Other | (5) |  |  | (17) |  |  | — |
Total | $ | (10) |  |  | $ | 3 |  |  | $ | (3) |
(1) As a result of adopting ASU No. 2017-07, “Compensation-Retirement Benefits (ASC 715),” beginning in fiscal year 2019, net periodic benefit cost is recorded in Other (income) expense, net and in Cost of products sold, Selling and administrative expenses and Research and development costs prior to fiscal year 2019.

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- Definition Tabular disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References No definition available. + Details
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- References No definition available. + Details
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