LEASES (Tables)

12 Months Ended

Jun. 30, 2025

The total lease cost for operating leases included in the Statements of Operations was as follows:


		For the fiscal years ended June 30,
		2025		2024		2023
	Income Statement Location	(in millions)
Operating lease costs	Selling, general and administrative	$	106	$	104	$	110
Operating lease costs	Operating expenses	10		10		9


Short term lease costs	Operating expenses	23		21		16
Variable lease costs	Selling, general and administrative	27		24		22
Total lease costs		$	166	$	159	$	157

Additional information related to the Company’s operating leases under ASC 842, Leases:


	As of June 30,
	2025		2024
Weighted-average remaining lease term	13.5 years		14.1 years
Weighted-average incremental borrowing rate	5.32	%	5.28	%


	For the fiscal years ended June 30,
	2025		2024		2023
	(in millions)

Cash paid - Operating lease liabilities	$	138	$	134	$	132



Operating lease right-of-use assets obtained in exchange for operating lease liabilities	33		13		238

Future minimum lease payments as of June 30, 2025 are as follows:


	As of June 30, 2025
	Operating Leases
	(in millions)
Fiscal 2026	$	120
Fiscal 2027	128
Fiscal 2028	89
Fiscal 2029	76
Fiscal 2030	89
Thereafter	921
Total future minimum lease payments	$	1,423
Less: interest	(445)
Present value of minimum payments	$	978