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LEASES | 12 Months Ended
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Jun. 30, 2024
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 33 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 classification | 2024 |  | 2023
Operating leases |  |  |  |
Right-of-use assets | Operating lease right-of-use assets | $ | 360 |  |  | $ | 346 |
Current lease liabilities | Current operating lease liabilities | $ | 84 |  |  | $ | 87 |
Non-current lease liabilities | Long-term operating lease liabilities | 334 |  |  | 310 |
Total operating lease liabilities |  | $ | 418 |  |  | $ | 397 |
Finance leases |  |  |  |
Right-of-use assets | Other assets | $ | 33 |  |  | $ | 29 |
Current lease liabilities | Accounts payable and accrued liabilities | $ | 13 |  |  | $ | 9 |
Non-current lease liabilities | Other liabilities | 21 |  |  | 21 |
Total finance lease liabilities |  | $ | 34 |  |  | $ | 30 |
Components of lease cost were as follows for the fiscal years ended June 30:
|  | 2024 |  | 2023
Operating lease cost |  | $ | 97 |  |  | $ | 89 |
Finance lease cost: |  |  |  |
Amortization of right-of-use assets |  | $ | 11 |  |  | $ | 9 |
Interest on lease liabilities |  | 1 |  |  | 1 |
Total finance lease cost |  | $ | 12 |  |  | $ | 10 |
Variable lease cost |  | $ | 94 |  |  | $ | 87 |
Short term lease cost |  | $ | 3 |  |  | $ | 4 |
Supplemental cash flow information and noncash activity related to the Company’s leases were as follows during fiscal years ended June 30:
| 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases, net | $ | 97 |  |  | $ | 88 |
Operating cash flows from finance leases | 1 |  |  | 1 |
Financing cash flows from finance leases | 11 |  |  | 8 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 113 |  |  | $ | 84 |
Finance leases | 17 |  |  | 21 |
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows as of fiscal year ended June 30:
| 2024
Weighted-average remaining lease term: |
Operating leases | 5 years
Finance leases | 3 years
Weighted-average discount rate: |
Operating leases | 3.6 | %
Finance leases | 5.1 | %
Maturities of lease liabilities by fiscal year for the Company’s leases as of June 30, 2024 were as follows:
Year | Operating leases |  | Finance leases
2025 | $ | 97 |  |  | $ | 14 |
2026 | 94 |  |  | 12 |
2027 | 84 |  |  | 7 |
2028 | 69 |  |  | 2 |
2029 | 56 |  |  | 1 |
Thereafter | 61 |  |  | — |
Total lease payments | $ | 461 |  |  | $ | 36 |
Less: Imputed interest | 43 |  |  | 2 |
Total lease liabilities | $ | 418 |  |  | $ | 34 |
Operating and finance lease payments presented in the table above exclude $2 and $3, respectively, of minimum lease payments signed but not yet commenced as of June 30, 2024. On December 14, 2023, the Company completed an asset sale-leaseback transaction on a warehouse in Fairfield, California. The Company received proceeds of $19, net of selling costs. The asset had a carrying value of $3 and the transaction resulted in a $16 gain, which was recognized in Other (income) expense, net in the Health and Wellness segment. The leaseback is accounted for as an operating lease. The term of the lease is 8 years with options to extend the lease for two 5 year periods. 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. The asset had a carrying value of $2, and the transaction resulted in a $14 gain, which was recognized in Other (income) expense, net, in Corporate and Other. 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 33 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 classification | 2024 |  | 2023
Operating leases |  |  |  |
Right-of-use assets | Operating lease right-of-use assets | $ | 360 |  |  | $ | 346 |
Current lease liabilities | Current operating lease liabilities | $ | 84 |  |  | $ | 87 |
Non-current lease liabilities | Long-term operating lease liabilities | 334 |  |  | 310 |
Total operating lease liabilities |  | $ | 418 |  |  | $ | 397 |
Finance leases |  |  |  |
Right-of-use assets | Other assets | $ | 33 |  |  | $ | 29 |
Current lease liabilities | Accounts payable and accrued liabilities | $ | 13 |  |  | $ | 9 |
Non-current lease liabilities | Other liabilities | 21 |  |  | 21 |
Total finance lease liabilities |  | $ | 34 |  |  | $ | 30 |
Components of lease cost were as follows for the fiscal years ended June 30:
|  | 2024 |  | 2023
Operating lease cost |  | $ | 97 |  |  | $ | 89 |
Finance lease cost: |  |  |  |
Amortization of right-of-use assets |  | $ | 11 |  |  | $ | 9 |
Interest on lease liabilities |  | 1 |  |  | 1 |
Total finance lease cost |  | $ | 12 |  |  | $ | 10 |
Variable lease cost |  | $ | 94 |  |  | $ | 87 |
Short term lease cost |  | $ | 3 |  |  | $ | 4 |
Supplemental cash flow information and noncash activity related to the Company’s leases were as follows during fiscal years ended June 30:
| 2024 |  | 2023
Cash paid for amounts included in the measurement of lease liabilities: |  |  |
Operating cash flows from operating leases, net | $ | 97 |  |  | $ | 88 |
Operating cash flows from finance leases | 1 |  |  | 1 |
Financing cash flows from finance leases | 11 |  |  | 8 |
Right-of-use assets obtained in exchange for lease obligations: |  |  |
Operating leases | $ | 113 |  |  | $ | 84 |
Finance leases | 17 |  |  | 21 |
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows as of fiscal year ended June 30:
| 2024
Weighted-average remaining lease term: |
Operating leases | 5 years
Finance leases | 3 years
Weighted-average discount rate: |
Operating leases | 3.6 | %
Finance leases | 5.1 | %
Maturities of lease liabilities by fiscal year for the Company’s leases as of June 30, 2024 were as follows:
Year | Operating leases |  | Finance leases
2025 | $ | 97 |  |  | $ | 14 |
2026 | 94 |  |  | 12 |
2027 | 84 |  |  | 7 |
2028 | 69 |  |  | 2 |
2029 | 56 |  |  | 1 |
Thereafter | 61 |  |  | — |
Total lease payments | $ | 461 |  |  | $ | 36 |
Less: Imputed interest | 43 |  |  | 2 |
Total lease liabilities | $ | 418 |  |  | $ | 34 |
Operating and finance lease payments presented in the table above exclude $2 and $3, respectively, of minimum lease payments signed but not yet commenced as of June 30, 2024. On December 14, 2023, the Company completed an asset sale-leaseback transaction on a warehouse in Fairfield, California. The Company received proceeds of $19, net of selling costs. The asset had a carrying value of $3 and the transaction resulted in a $16 gain, which was recognized in Other (income) expense, net in the Health and Wellness segment. The leaseback is accounted for as an operating lease. The term of the lease is 8 years with options to extend the lease for two 5 year periods. 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. The asset had a carrying value of $2, and the transaction resulted in a $14 gain, which was recognized in Other (income) expense, net, in Corporate and Other. 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.

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- Definition The entire disclosure for finance leases of lessee. Includes, but is not limited to, description of lessee's finance lease and maturity analysis of finance lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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- Definition The entire disclosure for operating leases of lessee. Includes, but is not limited to, description of operating lease and maturity analysis of operating lease liability. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 842 -SubTopic 20 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/842-20/tableOfContent + Details
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