v3.26.1
EMPLOYEE BENEFIT PLANS (Tables)
 12 Months Ended
Jun. 30, 2026
Retirement Benefits [Abstract]  
Schedule of Retirement Income and Retirement Health Care Plans
Summarized information for the Company’s retirement income and retirement health care plans as of and for the fiscal years ended June 30 is as follows:
Retirement IncomeRetirement Health Care
2026202520262025
Change in benefit obligations:
Benefit obligation as of beginning of year$117 $123 $17 $19 
Service cost1 1 — — 
Interest cost6 6 1 1 
Actuarial loss (gain)4 2 (2)(2)
Plan settlement— — — — 
Benefits paid(15)(16)(2)(1)
Translation and other adjustments— 1 — — 
Benefit obligation as of end of year$113 117 $14 $17 
Change in plan assets:
Fair value of assets as of beginning of year$27 $25 $— $— 
Actual return on plan assets5 3 — — 
Employer contributions13 15 1 1 
Plan Settlement— — — — 
Benefits paid(15)(16)(1)(1)
Fair value of plan assets as of end of year29 27 — — 
Accrued benefit cost, net funded status$(84)$(90)$(14)$(17)
Amount recognized in the balance sheets consists of:
Non-current pension benefit assets$12 $9 $— $— 
Current accrued benefit liability(12)(12)(2)(2)
Non-current accrued benefit liability(84)(87)(12)(15)
Accrued benefit cost, net$(84)(90)(14)(17)
Schedule of Retirement Income Plans with ABO or PBO in Excess of Plan Assets
Retirement income plans with ABO or PBO in excess of plan assets as of June 30 were as follows:
ABO Exceeds the Fair Value of Plan AssetsPBO Exceeds the Fair Value of Plan Assets
2026202520262025
Projected benefit obligation$96 $98 $97 $100 
Accumulated benefit obligation95 97 95 98 
Fair value of plan assets— — 1 2 
Schedule of Components of Net Periodic Benefit Cost
The net cost of the retirement income and health care plans for the fiscal years ended June 30 included the following components:
Retirement IncomeRetirement Health Care
202620252024202620252024
Service cost$1 $1 $1 $— $— $— 
Interest cost6 6 12 1 1 1 
Expected return on plan assets(1)(1)(2)— — — 
Amortization of unrecognized items— — 3 (2)(2)(2)
Curtailment gain recognized— — (6)— — — 
Settlement loss recognized— (2)179 — — — 
Total$6 $4 $187 $(1)$(1)$(1)
Schedule of Items Not Yet Recognized as a Component of Postretirement Expense
Items not yet recognized as a component of postretirement expense as of June 30, 2026 consisted of:
Retirement IncomeRetirement Health Care
Net actuarial loss (gain)$19 $(14)
Prior service benefit— (4)
Net deferred income tax (assets) liabilities(4)4 
Accumulated other comprehensive loss (income)$15 $(14)
Schedule of Net Actuarial Loss (Gain) Recorded in Accumulated Other Comprehensive Net (Loss) Income
Net actuarial loss (gain) recorded in Accumulated other comprehensive net (loss) income for the fiscal year ended June 30, 2026 included the following:
Retirement IncomeRetirement Health Care
Net actuarial loss (gain) as of beginning of year$19 $(14)
Amortization, curtailment, and settlement during the year— 2 
Loss (gain) during the year— (2)
Net actuarial loss (gain) as of end of year$19 $(14)
Schedule of Weighted Average Assumptions Used to Estimate the Actuarial Present Value of Benefit Obligations and Retirement Income and Retirement Health Care Costs
Weighted-average assumptions used to estimate the actuarial present value of benefit obligations were as follows as of June 30:
Retirement IncomeRetirement Health Care
2026202520262025
Discount rate5.43 %5.41 %5.05 %5.28 %
Rate of compensation increase3.27 %3.32 %n/an/a
Interest crediting rate6.00 %5.90 %n/an/a
Weighted-average assumptions used to estimate the retirement income and retirement health care costs were as follows as of June 30:
Retirement Income
202620252024
Discount rate5.41 %5.52 %4.63 %
Rate of compensation increase3.32 %3.23 %3.20 %
Expected return on plan assets5.49 %5.69 %3.39 %
Interest crediting rate5.90 %5.40 %2.69 %
Retirement Health Care
202620252024
Discount rate5.28 %5.38 %5.10 %
Schedule of Expected Benefit Payments
Expected benefit payments for the Company’s retirement income and retirement health care plans as of June 30, 2026, were as follows:
Retirement IncomeRetirement Health Care
2027$13 $2 
202813 1 
202913 1 
203013 1 
203110 1 
Fiscal years 2032 through 203641 5 
Schedule of Target Allocation and Weighted Average Allocation of Plan Assets and Retirement Income Plans Assets Carried at Fair Value
The weighted average target allocation and asset allocations by asset category as of June 30, 2026, are as follows:
% Target Allocation% of Plan Assets
Equity Investment67 %67 %
Fixed income19 %19 %
Others14 %14 %
Total100 %100 %
The following table sets forth the retirement income plans’ assets carried at fair value as of June 30:
20262025
Cash equivalents — Level 1$— $— 
Total assets in the fair value hierarchy— — 
Common collective trusts measured at net asset value
Bond funds$5 $6 
International equity funds20 17 
Real estate fund2 2 
Other2 2 
Total common collective trust measured at net asset value$29 $27 
Total assets at fair value$29 $27