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OTHER (INCOME) EXPENSE, NET | 12 Months Ended
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Jun. 30, 2020
Other Income and Expenses [Abstract] |
OTHER (INCOME) EXPENSE, NET | 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 The entire disclosure for the net amount of other income and expense, which does not qualify for separate disclosure on the income statement under materiality guidelines. + References No definition available. + Details
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