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EMPLOYEE BENEFIT PLANS (Tables) | 12 Months Ended
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Jun. 30, 2024
Retirement Benefits [Abstract] |
Schedule of Retirement Income and Retirement Health Care Plans | 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
| 2024 |  | 2023 |  | 2024 |  | 2023
Change in benefit obligations: |  |  |  |  |  |  |
Benefit obligation as of beginning of year | $ | 476 |  |  | $ | 513 |  |  | $ | 26 |  |  | $ | 28 |
Service cost | 1 |  |  | 1 |  |  | — |  |  | — |
Interest cost | 12 |  |  | 18 |  |  | 1 |  |  | 1 |
Actuarial loss (gain) | (26) |  |  | (11) |  |  | (2) |  |  | (1) |
Plan amendments | — |  |  | — |  |  | (4) |  |  | — |
Plan settlement | (312) |  |  | — |  |  | — |  |  | — |
Benefits paid | (26) |  |  | (45) |  |  | (2) |  |  | (2) |
Translation and other adjustments | (2) |  |  | — |  |  | — |  |  | — |
Benefit obligation as of end of year | $ | 123 |  |  | $ | 476 |  |  | $ | 19 |  |  | $ | 26 |
Change in plan assets: |  |  |  |  |  |  |
Fair value of assets as of beginning of year | $ | 381 |  |  | $ | 412 |  |  | $ | — |  |  | $ | — |
Actual return on plan assets | (13) |  |  | — |  |  | — |  |  | — |
Employer contributions | 15 |  |  | 15 |  |  | 2 |  |  | 2 |
Plan settlement | (312) |  |  | — |  |  | — |  |  | — |
Benefits paid | (26) |  |  | (45) |  |  | (2) |  |  | (2) |
Transfer to domestic defined contribution plan | (19) |  |  | — |  |  | — |  |  | — |
Translation and other adjustments | (1) |  |  | (1) |  |  | — |  |  | — |
Fair value of plan assets as of end of year | 25 |  |  | 381 |  |  | — |  |  | — |
Accrued benefit cost, net funded status | $ | (98) |  |  | $ | (95) |  |  | $ | (19) |  |  | $ | (26) |
Schedule of Amounts Recognized in Balance Sheets |
Amount recognized in the balance sheets consists of: |  |  |  |  |  |  |
Pension benefit assets | $ | 7 |  |  | $ | 24 |  |  | $ | — |  |  | $ | — |
Current accrued benefit liability | (12) |  |  | (13) |  |  | (2) |  |  | (2) |
Non-current accrued benefit liability | (93) |  |  | (106) |  |  | (17) |  |  | (24) |
Accrued benefit cost, net | $ | (98) |  |  | $ | (95) |  |  | $ | (19) |  |  | $ | (26) |
Schedule of Retirement Income Plans with ABO or PBO 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
| 2024 |  | 2023 | 2024 | 2023
Projected benefit obligation | $ | 105 |  |  | $ | 119 |  | $ | 108 |  | $ | 121 |
Accumulated benefit obligation | 104 |  |  | 118 |  | 105 |  | 119 |
Fair value of plan assets | — |  |  | — |  | 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
| 2024 |  | 2023 |  | 2022 |  | 2024 |  | 2023 |  | 2022
Service cost | $ | 1 |  |  | $ | 1 |  |  | $ | 1 |  |  | $ | — |  |  | $ | — |  |  | $ | — |
Interest cost | 12 |  |  | 18 |  |  | 15 |  |  | 1 |  |  | 1 |  |  | 1 |
Expected return on plan assets | (2) |  |  | (10) |  |  | (15) |  |  | — |  |  | — |  |  | — |
Amortization of unrecognized items | 3 |  |  | 8 |  |  | 9 |  |  | (2) |  |  | (2) |  |  | (1) |
Curtailment gain recognized | (6) |  |  | — |  |  | — |  |  | — |  |  | — |  |  | — |
Settlement loss recognized | 179 |  |  | — |  |  | 7 |  |  | — |  |  | — |  |  | — |
Total | $ | 187 |  |  | $ | 17 |  |  | $ | 17 |  |  | $ | (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, 2024 consisted of:
| Retirement Income |  | Retirement Health Care
Net actuarial loss (gain) | $ | 20 |  |  | $ | (14) |
Prior service benefit | — |  |  | (4) |
Net deferred income tax (assets) liabilities | (5) |  |  | 4 |
Accumulated other comprehensive loss (income) | $ | 15 |  |  | $ | (14) |
Schedule of Net Actuarial Loss (Gain) Recorded in Accumulated Other Comprehensive Net (Loss) Income | Net actuarial loss (gain) recorded in Accumulated other comprehensive net (loss) income for the fiscal year ended June 30, 2024 included the following:
| Retirement Income |  | Retirement Health Care
Net actuarial loss (gain) as of beginning of year | $ | 213 |  |  | $ | (14) |
Amortization, curtailment and settlement during the year | (182) |  |  | 2 |
Loss (gain) during the year | (11) |  |  | (2) |
Net actuarial loss (gain) as of end of year | $ | 20 |  |  | $ | (14) |
Schedule of Weighted Average Assumptions Used to Estimate the Actuarial Present Value of Benefit Obligations and Retirement Income and Retirement Health Care Costs | 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
| 2024 |  | 2023 |  | 2024 |  | 2023
Discount rate | 5.52 | % |  | 4.37 | % |  | 5.38 | % |  | 5.10 | %
Rate of compensation increase | 3.23 | % |  | 3.62 | % |  | n/a |  | n/a
Interest crediting rate | 5.40 | % |  | 2.67 | % |  | 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
| 2024 |  | 2023 |  | 2022
Discount rate | 4.63 | % |  | 3.72 | % |  | 2.56 | %
Rate of compensation increase | 3.20 | % |  | 3.09 | % |  | 3.02 | %
Expected return on plan assets | 3.39 | % |  | 2.67 | % |  | 3.00 | %
Interest crediting rate | 2.69 | % |  | 2.69 | % |  | 2.57 | %
| Retirement Health Care
| 2024 |  | 2023 |  | 2022
Discount rate | 5.10 | % |  | 4.65 | % |  | 2.61 | %
Schedule of Expected Benefit Payments | Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2024, were as follows:
| Retirement Income |  | Retirement Health Care
2025 | $ | 15 |  |  | $ | 2 |
2026 | 14 |  |  | 2 |
2027 | 13 |  |  | 2 |
2028 | 13 |  |  | 2 |
2029 | 12 |  |  | 2 |
Fiscal years 2030 through 2034 | 48 |  |  | 7 |
Schedule of Target Allocation and Weighted Average Allocation of Plan Assets and Retirement Income Plans Assets Carried at Fair Value | The target allocations and weighted average asset allocations by asset category of the investment portfolio for the Company’s qualified domestic retirement income plans as of June 30, 2023, prior to its termination, were as follows:
|  | % Target Allocation |  |  | % of Plan Asset
Fixed income |  | 80 | % |  |  | 79 | %
Cash equivalents |  | 20 | % |  |  | 21 | %
Total |  | 100 | % |  |  | 100 | %
The following table sets forth the retirement income plans’ assets carried at fair value as of June 30:
|  | 2024 | 2023
Cash equivalents — Level 1 |  | $ | — |  | $ | 74 |
Total assets in the fair value hierarchy |  | — |  | 74 |
Common collective trusts measured at net asset value |  |  |
Bond funds |  | $ | 6 |  | $ | 289 |
International equity funds |  | 16 |  | 15 |
Domestic equity funds |  | — |  | — |
Short-term investment fund |  | — |  | 1 |
Real estate fund |  | 2 |  | 2 |
Other |  | 1 |  | — |
Total common collect trust measured at net asset value |  | $ | 25 |  | $ | 307 |
Total assets at fair value |  | $ | 25 |  | $ | 381 |

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