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LEASES
 12 Months Ended
Jun. 30, 2023
Leases [Abstract]  
LEASES LEASES
The Company leases various property, plant and equipment, including office, warehousing, manufacturing and research and development facilities and equipment. These leases have remaining lease terms of up to 34 years, inclusive of renewal or termination options that the Company is reasonably certain to exercise. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Supplemental balance sheet information related to the Company’s leases as of June 30 was as follows:
Balance sheet classification20232022
Operating leases
Right-of-use assetsOperating lease right-of-use assets$346 $342 
Current lease liabilitiesCurrent operating lease liabilities$87 $78 
Non-current lease liabilitiesLong-term operating lease liabilities310 314 
Total operating lease liabilities$397 $392 
Finance leases
Right-of-use assetsOther assets$29 $18 
Current lease liabilitiesAccounts payable and accrued liabilities$9 $6 
Non-current lease liabilitiesOther liabilities21 13 
Total finance lease liabilities$30 $19 
Components of lease cost were as follows for the fiscal years ended June 30:
20232022
Operating lease cost$89 $83 
Finance lease cost:
Amortization of right-of-use assets$9 $9 
Interest on lease liabilities1 1 
Total finance lease cost$10 $10 
Variable lease cost$87 $80 
Short term lease cost$4 $6 
Supplemental cash flow information and noncash activity related to the Company’s leases were as follows during fiscal years ended June 30:
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$88 $84 
Operating cash flows from finance leases1 1 
Financing cash flows from finance leases8 9 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$84 $94 
Finance leases21 18 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows as of fiscal year ended June 30:
2023
Weighted-average remaining lease term:
Operating leases6 years
Finance leases4 years
Weighted-average discount rate:
Operating leases3.1 %
Finance leases4.6 %

Maturities of lease liabilities by fiscal year for the Company’s leases as of June 30, 2023 were as follows:
YearOperating leasesFinance leases
2024$96 $11 
202588 9 
202673 7 
202759 4 
202845 1 
Thereafter71 1 
Total lease payments$432 $33 
Less: Imputed interest35 3 
Total lease liabilities$397 $30 
Operating and finance lease payments presented in the table above exclude $2 and $0, respectively, of minimum lease payments signed but not yet commenced as of June 30, 2023.
On May 25, 2022, the Company completed an asset sale-leaseback transaction on a plant in Ontario, Canada. The Company received proceeds of $16, net of selling costs, which had a carrying value of $2, and resulted in a $14 gain on the transaction which was recognized in Other (income) expense, net. The leaseback is accounted for as an operating lease. The term of the lease at inception date is 10 years, with the option to terminate the lease at 7 years.
LEASES LEASES
The Company leases various property, plant and equipment, including office, warehousing, manufacturing and research and development facilities and equipment. These leases have remaining lease terms of up to 34 years, inclusive of renewal or termination options that the Company is reasonably certain to exercise. The Company’s lease agreements do not contain any material residual value guarantees or material restrictive covenants.
Supplemental balance sheet information related to the Company’s leases as of June 30 was as follows:
Balance sheet classification20232022
Operating leases
Right-of-use assetsOperating lease right-of-use assets$346 $342 
Current lease liabilitiesCurrent operating lease liabilities$87 $78 
Non-current lease liabilitiesLong-term operating lease liabilities310 314 
Total operating lease liabilities$397 $392 
Finance leases
Right-of-use assetsOther assets$29 $18 
Current lease liabilitiesAccounts payable and accrued liabilities$9 $6 
Non-current lease liabilitiesOther liabilities21 13 
Total finance lease liabilities$30 $19 
Components of lease cost were as follows for the fiscal years ended June 30:
20232022
Operating lease cost$89 $83 
Finance lease cost:
Amortization of right-of-use assets$9 $9 
Interest on lease liabilities1 1 
Total finance lease cost$10 $10 
Variable lease cost$87 $80 
Short term lease cost$4 $6 
Supplemental cash flow information and noncash activity related to the Company’s leases were as follows during fiscal years ended June 30:
20232022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$88 $84 
Operating cash flows from finance leases1 1 
Financing cash flows from finance leases8 9 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$84 $94 
Finance leases21 18 
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows as of fiscal year ended June 30:
2023
Weighted-average remaining lease term:
Operating leases6 years
Finance leases4 years
Weighted-average discount rate:
Operating leases3.1 %
Finance leases4.6 %

Maturities of lease liabilities by fiscal year for the Company’s leases as of June 30, 2023 were as follows:
YearOperating leasesFinance leases
2024$96 $11 
202588 9 
202673 7 
202759 4 
202845 1 
Thereafter71 1 
Total lease payments$432 $33 
Less: Imputed interest35 3 
Total lease liabilities$397 $30 
Operating and finance lease payments presented in the table above exclude $2 and $0, respectively, of minimum lease payments signed but not yet commenced as of June 30, 2023.
On May 25, 2022, the Company completed an asset sale-leaseback transaction on a plant in Ontario, Canada. The Company received proceeds of $16, net of selling costs, which had a carrying value of $2, and resulted in a $14 gain on the transaction which was recognized in Other (income) expense, net. The leaseback is accounted for as an operating lease. The term of the lease at inception date is 10 years, with the option to terminate the lease at 7 years.