FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2026

FINANCIAL INSTRUMENTS AND FAIR VALUE MEASUREMENTS [Abstract]

Schedule of Effects of Derivative Instruments Designated as Hedging Instruments on OCI

The effects of derivative instruments designated as hedging instruments on Other comprehensive (loss) income and Net earnings were as follows during the fiscal years ended June 30:


	Gains (losses) recognized in Other comprehensive (loss) income
	2026		2025		2024
Commodity purchase derivative contracts	$	13	$	1	$	(8)
Foreign exchange derivative contracts	1		(1)		—
Interest rate derivative contracts	5		—		—
Total	$	19	$	—	$	(8)

Schedule of Effects of Derivative Instruments Designated as Hedging Instruments on Net Earnings


	Location of gains (losses) reclassified from Accumulated other comprehensive net (loss) income into Net earnings	Gains (losses) reclassified from Accumulated other comprehensive net (loss) income and recognized in Net earnings
		2026		2025		2024
Commodity purchase derivative contracts	Cost of products sold	$	8	$	(7)	$	(6)
Foreign exchange derivative contracts	Cost of products sold	(1)		—
Interest rate derivative contracts	Interest expense	13		13		13
Total		$	20	$	6	$	7

Schedule of Balance Sheet Classification and Fair Values of Derivative Instruments and Fair Values of Other Assets and Liabilities

The following table provides information about the balance sheet classification and the fair values of the Company's derivative instruments:


			2026				2025
	Balance sheet classification	Fair value hierarchy level	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Commodity purchase futures contracts	Prepaid expenses and other current assets	1	$	2	$	2	$	3	$	3
Commodity purchase swaps contracts	Prepaid expenses and other current assets	2	2		2		—		—
Foreign exchange forward contracts	Prepaid expenses and other current assets	2	1		1		—		—
Commodity purchase futures contracts	Other assets	1	—		—		1		1
			$	5	$	5	$	4	$	4
Liabilities
Commodity purchase swaps contracts	Accounts payable and accrued liabilities	1	$	—	$	—	$	1	$	1
Foreign exchange forward contracts	Accounts payable and accrued liabilities	2	—		—		1		1
Commodity purchase swaps contracts	Other liabilities	2	1		1		—		—
			$	1	$	1	$	2	$	2

The following table provides information about the balance sheet classification and the fair values of the Company's other assets and liabilities for which disclosure of fair value is required:


			2026				2025
	Balance sheet classification	Fair value hierarchy level	Carrying Amount		Estimated Fair Value		Carrying Amount		Estimated Fair Value
Assets
Interest-bearing investments, including money market funds	Cash and cash equivalents (1)	1	$	2	$	2	$	54	$	54
Time deposits	Cash and cash equivalents (1)	2	25		25		10		10
Trust assets for nonqualified deferred compensation plans	Other assets	1	185		185		169		169
			$	212	$	212	$	233	$	233
Liabilities
Notes and loans payable	Notes and loans payable (2)	2	$	1,086	$	1,086	$	4	$	4
Current maturities of long-term debt and Long-term debt	Current maturities of long-term debt and Long-term debt (3)	2	3,982		3,915		2,484		2,431
			$	5,068	$	5,001	$	2,488	$	2,435

(1)Cash and cash equivalents are composed of time deposits and other interest-bearing investments, including money market funds with original maturity dates of 90 days or less. Cash and cash equivalents are recorded at cost, which approximates fair value.

(2)Notes and loans payable are composed of outstanding U.S. commercial paper balances and/or amounts drawn on the Company’s credit agreements, all of which are recorded at cost, which approximates fair value.

(3)Long-term debt is recorded at cost. The fair value of Long-term debt was determined using secondary market prices quoted by corporate bond dealers, and is classified as Level 2.