INCOME TAXES (Components of Net Deferred Tax Assets) (Details) - USD ($) $ in Millions	Jun. 30, 2021	Jun. 30, 2020	Jun. 30, 2019	Jun. 30, 2018
Deferred tax assets
Compensation and benefit programs	$ 104	$ 119
Net operating loss and tax credit carryforwards	85	84
Operating and finance lease liabilities	100	75
Accruals and reserves	39	38
Basis difference related to the Venture Agreement	19	19
Inventory costs	18	16
Other	15	18
Subtotal	380	369
Valuation allowance	(42)	(38)	$ (44)	$ (43)
Total deferred tax assets	338	331
Deferred tax liabilities
Fixed and intangible assets	(232)	(256)
Lease right-of-use assets	(94)	(68)
Low-income housing partnerships	0	(9)
Other	(41)	(24)
Total deferred tax liabilities	(367)	(357)
Net deferred tax assets (liabilities)	$ (29)	$ (26)

The tax effect as of the balance sheet date of the amount of the estimated future tax reductions attributable to the difference between the tax basis and the generally accepted accounting principles basis of a company's venture investment which will decrease future taxable income when such basis difference reverses.

No definition available.