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EMPLOYEE BENEFIT PLANS (Tables)

12 Months Ended

Jun. 30, 2022

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
			2022						2021						2022						2021
Change in benefit obligations:
Benefit obligation as of beginning of year			$	621					$	628					$	36					$	36
Service cost			1						2						—						—
Interest cost			15						15						1						1
Actuarial loss (gain)			(66)						12						(7)						—
Plan amendments			(7)						—						—						—
Translation and other adjustments			(6)						8						—						1
Plan settlement			(13)						(12)						—						—
Benefits paid			(32)						(32)						(2)						(2)
Benefit obligation as of end of year			$	513					$	621					$	28					$	36
Change in plan assets:
Fair value of assets as of beginning of year			$	506					$	507					$	—					$	—
Actual return on plan assets			(63)						26						—						—
Employer contributions			15						15						2						2
Plan Settlement			(13)						(12)						—						—
Benefits paid			(32)						(32)						(2)						(2)
Translation and other adjustments			(1)						2						—						—
Fair value of plan assets as of end of year			412						506						—						—
Accrued benefit cost, net funded status			$	(101)					$	(115)					$	(28)					$	(36)

Schedule of Amounts Recognized in the Balance Sheets

Amount recognized in the balance sheets consists of:
Pension benefit assets			$	30					$	61					$	—					$	—
Current accrued benefit liability			(12)						(12)						(2)						(2)
Non-current accrued benefit liability			(119)						(164)						(26)						(34)
Accrued benefit cost, net			$	(101)					$	(115)					$	(28)					$	(36)

Schedule of Accumulated Benefit Obligations in Excess of Plan Assets

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

			ABO Exceeds the Fair Value of Plan Assets									PBO Exceeds the Fair Value of Plan Assets
			2022						2021			2022			2021
Projected benefit obligation			$	133					$	176		$	133		$	178
Accumulated benefit obligation			132						174			132			175
Fair value of plan assets			2						—			2			2

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
			2022						2021						2020						2022						2021						2020
Service cost			$	1					$	2					$	1					$	—					$	—					$	—
Interest cost			15						15						20						1						1						1
Expected return on plan assets			(15)						(16)						(19)						—						—						—
Settlement loss recognized			7						5						—						—						—						—
Amortization of unrecognized items			9						11						10						(1)						(2)						(3)
Total			$	17					$	17					$	12					$	—					$	(1)					$	(2)

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, 2022, consisted of:

			Retirement Income						Retirement Health Care
Net actuarial loss (gain)			$	222					$	(15)
Prior service benefit			(7)						—
Net deferred income tax (assets) liabilities			(51)						3
Accumulated other comprehensive loss (income)			$	164					$	(12)

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, 2022, included the following:

			Retirement Income						Retirement Health Care
Net actuarial loss (gain) as of beginning of year			$	226					$	(10)
Amortization during the year			(16)						1
Loss (gain) during the year			12						(6)
Net actuarial loss (gain) as of end of year			$	222					$	(15)

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
			2022						2021						2022						2021
Discount rate			3.72		%				2.56		%				4.65		%				2.61		%
Rate of compensation increase			3.09		%				3.02		%				n/a						n/a
Interest crediting rate			2.69		%				2.57		%				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
			2022						2021						2020
Discount rate			2.56		%				2.45		%				3.41		%
Rate of compensation increase			3.02		%				2.92		%				2.86		%
Expected return on plan assets			3.00		%				3.08		%				3.95		%
Interest crediting rate			2.57		%				1.92		%				3.01		%
			Retirement Health Care
			2022						2021						2020
Discount rate			2.61		%				2.51		%				3.35		%

Schedule of Expected Benefit Payments

Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2022, were as follows:

			Retirement Income						Retirement Health Care
2023			$	46					$	2
2024			356						2
2025			14						2
2026			14						2
2027			13						2
Fiscal years 2028 through 2032			59						11

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
			2022						2021						2022						2021
U.S. equity			—		%				3		%				—		%				3		%
International equity			—		%				2		%				—		%				2		%
Fixed income			100		%				95		%				99		%				94		%
Other			—		%				—		%				1		%				1		%
Total			100		%				100		%				100		%				100		%

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

						2022			2021
Common collective trusts measured at net asset value
Bond funds						$	391		$	459
International equity funds						14			28
Domestic equity funds						—			14
Short-term investment fund						4			3
Real estate fund						3			2
Total assets at fair value						$	412		$	506

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