v3.26.1
Shareholders' Equity
 12 Months Ended
Jun. 30, 2026
Equity [Abstract]  
Shareholders' Equity Shareholders' Equity
    The changes in ordinary and treasury shares during fiscal years 2026, 2025, and 2024, were as follows:
Ordinary SharesTreasury Shares
(shares and $ in millions)Number of SharesAmountNumber of SharesAmount
Balance as of June 30, 2023289.7 $14 0.2 $(12)
Share buyback/cancellations(0.7)— — — 
Shares vested— — (0.8)49 
Purchase of treasury shares— — 0.8 (48)
Balance as of June 30, 2024289.0 14 0.2 (11)
Options exercised and shares vested— — (0.9)52 
Purchase of treasury shares— — 0.8 (47)
Acquisition of Berry Global Group, Inc.172.1 9 — — 
Balance as of June 30, 2025461.1 23 0.1 (6)
Options exercised and shares vested— — (1.5)75 
Purchase of treasury shares— — 0.5 (29)
Issuance of shares1.3 — 1.3 (56)
Balance as of June 30, 2026462.3 $23 0.4 $(16)
    
    The changes in the components of accumulated other comprehensive loss during the fiscal years ended June 30, 2026, 2025, and 2024 were as follows:
Foreign Currency TranslationNet Investment HedgePensionEffective Derivatives
Total Accumulated Other Comprehensive Loss
($ in millions)(Net of Tax)(Net of Tax)(Net of Tax)(Net of Tax)
Balance as of June 30, 2023$(823)$(13)$(10)$(16)$(862)
Other comprehensive loss before reclassifications(108)— (46)(9)(163)
Amounts reclassified from accumulated other comprehensive loss— — 1 4 5 
Net current period other comprehensive income / (loss)(108)— (45)(5)(158)
Balance as of June 30, 2024(931)(13)(55)(21)(1,020)
Other comprehensive income / (loss) before reclassifications13 (60)(14)(8)(69)
Amounts reclassified from accumulated other comprehensive loss8 — 16 2 26 
Net current period other comprehensive income / (loss)21 (60)2 (6)(43)
Balance as of June 30, 2025(910)(73)(53)(27)(1,063)
Other comprehensive income/(loss) before reclassifications46 66 (15)11 108 
Amounts reclassified from accumulated other comprehensive loss18 (6)14 (2)24 
Net current period other comprehensive income/(loss)64 60 (1)9 132 
Balance as of June 30, 2026$(846)$(13)$(54)$(18)$(931)
    The following tables provide details of amounts reclassified from accumulated other comprehensive loss:
For the years ended June 30,
($ in millions)202620252024
Pension:
Amortization of prior service credit$(2)$(3)$(4)
Amortization of actuarial loss3 7 3 
Effect of pension settlement/curtailment13 12 2 
Total before tax effect14 16 1 
Tax effect on amounts reclassified into earnings— — — 
Total net of tax$14 $16 $1 
(Gains)/losses on cash flow hedges:
Commodity contracts$(6)$(1)$2 
Forward exchange contracts— (1)(1)
Treasury locks3 3 3 
Total before tax effect(3)1 4 
Tax effect on amounts reclassified into earnings1 1 — 
Total net of tax$(2)$2 $4 
Gains on net investment hedges:
Cross currency swaps$(6)$— $— 
Total before tax effect(6)— — 
Tax effect on amounts reclassified into earnings— — — 
Total net of tax$(6)$— $— 
Losses on foreign currency translation:
Foreign currency translation adjustment (1)$18 $8 $— 
Total before tax effect18 8 — 
Tax effect on amounts reclassified into earnings— — — 
Total net of tax$18 $8 $— 
(1)During the fiscal year ended June 30, 2026, the Company disposed of certain businesses identified as part of the strategic review of the Company's portfolio and transferred $18 million of accumulated foreign currency translation from accumulated other comprehensive loss to earnings. For further information, refer to Note 4, "Acquisitions and Divestitures".

Forward contracts to purchase own shares

    The Company's employee share plans require the delivery of shares to employees in the future when rights vest or vested options are exercised. The Company acquires shares on the open market to deliver shares to employees to satisfy vesting or exercising commitments which exposes the Company to market price risk.

    To protect the Company from share price volatility, the Company has entered into forward contracts for the purchase of its ordinary shares. As of June 30, 2026, the Company had forward contracts outstanding which mature in May 2027 and June 2027 to purchase a total of 0.5 million shares at a weighted-average price of $38.87. As of June 30, 2025, the Company had forward contracts outstanding that were entered into in September 2022 to purchase 0.4 million shares at a weighted-average price of $60.80. During the first quarter of fiscal year 2026, the Company settled the forward contracts which were outstanding as of June 30, 2025.

    The forward contracts to purchase the Company's own shares have been included in other current liabilities in the consolidated balance sheets. Equity is reduced by an amount equal to the fair value of the shares at inception. The carrying value of the forward contracts at each reporting period was determined based on the present value of the cost required to settle the contracts.