v3.26.1
LEASES
 12 Months Ended
Jun. 30, 2026
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 31 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 classification20262025
Operating leases
Right-of-use assetsOperating lease right-of-use assets$401 $333 
Current lease liabilitiesCurrent operating lease liabilities$86 $87 
Non-current lease liabilitiesLong-term operating lease liabilities366 305 
Total operating lease liabilities$452 $392 
Finance leases
Right-of-use assetsOther assets$73 $35 
Current lease liabilitiesAccounts payable and accrued liabilities$16 $15 
Non-current lease liabilitiesOther liabilities62 21 
Total finance lease liabilities$78 $36 
Components of lease cost were as follows for the fiscal years ended June 30:
202620252024
Operating lease cost$98 $99 $97 
Finance lease cost:
Amortization of right-of-use assets$17 $15 $11 
Interest on lease liabilities2 2 1 
Total finance lease cost$19 $17 $12 
Variable lease cost$29 $56 $94 
Short term lease cost$6 $5 $3 
Supplemental cash flow information and noncash activity related to the Company’s leases were as follows during fiscal years ended June 30:
202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$102 $97 $97 
Operating cash flows from finance leases1 2 1 
Financing cash flows from finance leases18 15 11 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$148 $56 $113 
Finance leases56 17 17 
    
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows as of fiscal year ended June 30:
20262025
Weighted-average remaining lease term:
Operating leases7 years5 years
Finance leases9 years3 years
Weighted-average discount rate:
Operating leases4.7 %4.1 %
Finance leases5.1 %4.9 %
Maturities of lease liabilities by fiscal year for the Company’s leases as of June 30, 2026 were as follows:
YearOperating leasesFinance leases
2027$106 $19 
202892 14 
202978 13 
203064 10 
203143 4 
Thereafter167 38 
Total lease payments$550 $98 
Less: Imputed interest98 20 
Total lease liabilities$452 $78 
Operating and finance lease payments presented in the table above exclude $11 and $1, respectively, of minimum lease payments signed but not yet commenced as of June 30, 2026.
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.
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 31 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 classification20262025
Operating leases
Right-of-use assetsOperating lease right-of-use assets$401 $333 
Current lease liabilitiesCurrent operating lease liabilities$86 $87 
Non-current lease liabilitiesLong-term operating lease liabilities366 305 
Total operating lease liabilities$452 $392 
Finance leases
Right-of-use assetsOther assets$73 $35 
Current lease liabilitiesAccounts payable and accrued liabilities$16 $15 
Non-current lease liabilitiesOther liabilities62 21 
Total finance lease liabilities$78 $36 
Components of lease cost were as follows for the fiscal years ended June 30:
202620252024
Operating lease cost$98 $99 $97 
Finance lease cost:
Amortization of right-of-use assets$17 $15 $11 
Interest on lease liabilities2 2 1 
Total finance lease cost$19 $17 $12 
Variable lease cost$29 $56 $94 
Short term lease cost$6 $5 $3 
Supplemental cash flow information and noncash activity related to the Company’s leases were as follows during fiscal years ended June 30:
202620252024
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases, net$102 $97 $97 
Operating cash flows from finance leases1 2 1 
Financing cash flows from finance leases18 15 11 
Right-of-use assets obtained in exchange for lease obligations:
Operating leases$148 $56 $113 
Finance leases56 17 17 
    
Weighted-average remaining lease term and discount rate for the Company’s leases were as follows as of fiscal year ended June 30:
20262025
Weighted-average remaining lease term:
Operating leases7 years5 years
Finance leases9 years3 years
Weighted-average discount rate:
Operating leases4.7 %4.1 %
Finance leases5.1 %4.9 %
Maturities of lease liabilities by fiscal year for the Company’s leases as of June 30, 2026 were as follows:
YearOperating leasesFinance leases
2027$106 $19 
202892 14 
202978 13 
203064 10 
203143 4 
Thereafter167 38 
Total lease payments$550 $98 
Less: Imputed interest98 20 
Total lease liabilities$452 $78 
Operating and finance lease payments presented in the table above exclude $11 and $1, respectively, of minimum lease payments signed but not yet commenced as of June 30, 2026.
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.