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INVENTORIES, NET | 12 Months Ended
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Jun. 30, 2024
Inventory Disclosure [Abstract] |
INVENTORIES, NET | INVENTORIES, NET Inventories, net consisted of the following as of June 30:
| 2024 |  | 2023
Finished goods | $ | 556 |  |  | $ | 595 |
Raw materials and packaging | 172 |  |  | 182 |
Work in process | 9 |  |  | 8 |
LIFO allowances | (98) |  |  | (87) |
Total inventories, net | 639 |  |  | 698 |
Non-current inventories, net (1) | 2 |  |  | 2 |
Total current inventories, net | $ | 637 |  |  | $ | 696 |
(1)Non-current inventories, net is recorded in Other assets. The LIFO method was used to value approximately 36% of inventories as of June 30, 2024 and 2023, respectively. The carrying values for all other inventories are determined on the FIFO method. The effect on earnings of the liquidation of LIFO layers was insignificant for each of the fiscal years ended June 30, 2024, 2023 and 2022.

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- Definition The entire disclosure for inventory. Includes, but is not limited to, the basis of stating inventory, the method of determining inventory cost, the classes of inventory, and the nature of the cost elements included in inventory. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 330 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/330/tableOfContent + Details
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