v3.25.2
CONSOLIDATED STATEMENTS OF CASH FLOWS
$ in Millions
 12 Months Ended
Jun. 30, 2025
USD ($)
Jun. 30, 2024
USD ($)
Jun. 30, 2023
USD ($)
Operating activities:      
Net income $ 1,340 $ 354 $ 187
Net (income) loss from discontinued operations, net of tax (692) 25 41
Net income from continuing operations 648 379 228
Adjustments to reconcile net income from continuing operations to net cash provided by operating activities from continuing operations:      
Depreciation and amortization 459 440 415
Operating lease expense 74 72 83
Equity losses of affiliates 15 6 127
Impairment charges 12 44 2
Deferred income taxes 83 31 12
Other, net (107) 64 6
Change in operating assets and liabilities, net of acquisitions:      
Receivables and other assets (96) (85) (181)
Inventories, net (46) 27 5
Accounts payable and other liabilities (64) (81) 80
Net cash provided by operating activities from continuing operations 978 897 777
Investing activities:      
Capital expenditures (407) (357) (347)
Proceeds from sales of property, plant and equipment 0 0 37
Acquisitions, net of cash acquired (96) (38) (17)
Purchases of investments in equity affiliates and other (154) (96) (124)
Proceeds from sales of investments in equity affiliates and other 274 81 50
Other, net (23) 0 (22)
Net cash used in investing activities from continuing operations (406) (410) (423)
Financing activities:      
Borrowings 61 278 0
Repayment of borrowings (203) (409) (65)
Repurchase of shares (150) (117) (243)
Dividends paid (185) (172) (174)
Other, net (47) (63) (43)
Net cash used in financing activities from continuing operations (524) (483) (525)
Cash flows from discontinued operations:      
Net cash provided by operating activities from discontinued operations 156 201 314
Net cash provided by (used in) investing activities from discontinued operations 253 (114) (151)
Net cash (used in) provided by financing activities from discontinued operations (39) 42 24
Net cash provided by discontinued operations 370 129 187
Net change in cash and cash equivalents, including discontinued operations 418 133 16
Effect of exchange rate changes on cash and cash equivalents, including discontinued operations 25 (6) (5)
Cash and cash equivalents, including discontinued operations, beginning of year 1,960 1,833 1,822
Cash and cash equivalents, including discontinued operations, end of year 2,403 1,960 1,833
Less: Cash and cash equivalents at end of period of discontinued operations 0 (88) (72)
Cash and cash equivalents $ 2,403 $ 1,872 $ 1,761