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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2020

Retirement Benefits [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
			2020						2019						2020						2019
Change in benefit obligations:
Benefit obligation as of beginning of year			$	604					$	593					$	34					$	38
Service cost			1						1						—						—
Interest cost			20						23						1						2
Actuarial loss (gain)			43						26						4						(3)
Plan amendments			—						—						—						—
Translation and other adjustments			(1)						—						—						—
Benefits paid			(39)						(39)						(3)						(3)
Benefit obligation as of end of year			628						604						36						34
Change in plan assets:
Fair value of assets as of beginning of year			485						420						—						—
Actual return on plan assets			48						41						—						—
Employer contributions			13						63						3						3
Benefits paid			(39)						(39)						(3)						(3)
Translation and other adjustments			—						—						—						—
Fair value of plan assets as of end of year			507						485						—						—
Accrued benefit cost, net funded status			$	(121)					$	(119)					$	(36)					$	(34)

Schedule of Amounts Recognized in the Balance Sheets

Amount recognized in the balance sheets consists of:
Pension benefit assets			$	52					$	48					$	—					$	—
Current accrued benefit liability			(11)						(12)						(2)						(2)
Non-current accrued benefit liability			(162)						(155)						(34)						(32)
Accrued benefit cost, net			$	(121)					$	(119)					$	(36)					$	(34)

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
			2020						2019
Projected benefit obligation			$	172					$	167
Accumulated benefit obligation			170						166
Fair value of plan assets			—						—

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
			2020						2019						2018						2020						2019						2018
Service cost			$	1					$	1					$	1					$	—					$	—					$	—
Interest cost			20						23						23						1						2						2
Expected return on plan assets			(19)						(18)						(19)						—						—						—
Amortization of unrecognized items			10						9						10						(3)						(3)						(3)
Total			$	12					$	15					$	15					$	(2)					$	(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, 2020, consisted of:

			Retirement Income						Retirement Health Care
Net actuarial loss (gain)			$	240					$	(13)
Prior service benefit			—						(1)
Net deferred income tax (assets) liabilities			(58)						4
Accumulated other comprehensive loss (income)			$	182					$	(10)

Summary of Amounts Recognized in Accumulated Other Comprehensive Net Losses

Net actuarial loss (gain) recorded in Accumulated other comprehensive net (loss) income for the fiscal year ended June 30, 2020, included the following:

			Retirement Income						Retirement Health Care
Net actuarial loss (gain) as of beginning of year			$	236					$	(18)
Amortization during the year			(10)						3
Loss (gain) during the year			14						2
Net actuarial loss (gain) as of end of year			$	240					$	(13)

Schedule of Weighted Average Assumptions Used

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

			Retirement Income																		Retirement Health Care
			2020						2019						2020						2019
Discount rate			2.45		%				3.41		%				2.51		%				3.35		%
Rate of compensation increase			2.92		%				2.86		%				n/a						n/a

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

			Retirement Income
			2020						2019						2018
Discount rate			3.41		%				4.10		%				3.70		%
Rate of compensation increase			2.86		%				2.87		%				2.83		%
Expected return on plan assets			3.95		%				4.33		%				4.43		%
			Retirement Health Care
			2020						2019						2018
Discount rate			3.35		%				4.01		%				3.66		%

Schedule of Expected Benefit Payments

Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2020, were as follows:

			Retirement Income						Retirement Health Care
2021			$	38					$	2
2022			53						2
2023			36						2
2024			37						2
2025			36						2
Fiscal years 2026 through 2030			179						10

Schedule of Target Allocation and Weighted Average Allocation of Plan Assets

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
			2020						2019						2020						2019
U.S. equity			5		%				9		%				5		%				9		%
International equity			5		%				8		%				5		%				8		%
Fixed income			90		%				83		%				90		%				83		%
Other			—		%				—		%				—		%				—		%
Total			100		%				100		%				100		%				100		%

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:

			2020
			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															$	444
International equity funds															36
Domestic equity funds															23
Real estate fund															1
Total common collective trusts measured at net asset value															504
Total assets at fair value															$	507

			2019
			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															$	393
International equity funds															50
Domestic equity funds															39
Real estate fund															1
Total common collective trusts measured at net asset value															483
Total assets at fair value															$	485

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