v3.25.2
Leases (Tables)
 12 Months Ended
Jun. 30, 2025
Leases [Abstract]  
Schedule of Lessee Operating Lease Components of Balance Sheet and Other Supplemental Information
The following amounts were recorded in the Company’s Balance Sheets relating to its operating leases and other supplemental information:
 
As of June 30,
 20252024
 (in millions)
ROU assets$814 $904 
Lease liabilities
Current lease liabilities$41 $76 
Non-current lease liabilities822 879 
Total lease liabilities$863 $955 
Other supplemental information
Weighted average remaining lease term15 years16 years
Weighted average discount rate5 %5 %
Schedule of Lease Costs and Supplemental Cash Flows Information
The following table presents information about the Company’s lease costs and supplemental cash flows information for leases:
 
For the years ended June 30,
 202520242023
 (in millions)
Lease costs  
Total lease costs(a)
$146 $147 $145 
Supplemental cash flows information
Operating cash flows from operating leases$125 $126 $119 
ROU assets obtained in exchange for operating lease liabilities(b)
$19 $36 $568 
(a)
Total lease costs are net of sublease income of approximately $15 million in each period.
(b)
The Company recorded an additional $540 million in operating lease assets and liabilities as of June 30, 2023, in connection with the extension of the operating lease for its corporate headquarters at 1211 Avenue of the Americas in New York through fiscal 2042.
Schedule of Lease Payments Relating to the Company’s Operating Leases
The following table presents the lease payments relating to the Company’s operating leases:
 
As of June 30, 2025
 (in millions)
Fiscal Year 
2026$76 
202772 
2028103 
202996 
203084 
Thereafter918 
Total lease payments1,349 
Less: imputed interest(486)
Present value of operating lease liabilities$863