v3.26.1
Fair Value Measurements (Tables)
 12 Months Ended
Jun. 30, 2026
Fair Value Disclosures [Abstract]  
Carrying and Fair Value of Long-Term Debt The carrying values and estimated fair values of long-term debt with fixed interest rates (excluding the fair value of designated receive-fixed, pay-variable rate swaps) were as follows:
June 30, 2026June 30, 2025
Carrying ValueFair ValueCarrying ValueFair Value
($ in millions)(Level 2)(Level 2)
Total long-term debt with fixed interest rates (excluding commercial paper and finance leases)
$12,503 $12,525 $12,174 $12,213 
Assets and Liabilities Measured at Fair Value on a Recurring Basis The following tables summarize the fair values of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy:
June 30, 2026
($ in millions)Level 1Level 2Level 3Total
Assets
Contingent sale consideration$— $— $5 $5 
Commodity contracts— 5 — 5 
Forward exchange contracts— 3 — 3 
Total assets measured at fair value$— $8 $5 $13 
Liabilities
Contingent purchase consideration $— $— $6 $6 
Commodity contracts— 2 — 2 
Forward exchange contracts— 5 — 5 
Interest rate swaps— 60 — 60 
Cross currency swaps— 404 — 404 
Total liabilities measured at fair value$— $471 $6 $477 
June 30, 2025
($ in millions)Level 1Level 2Level 3Total
Assets
Commodity contracts$— $1 $— $1 
Forward exchange contracts— 6 — 6 
Total assets measured at fair value$— $7 $— $7 
Liabilities
Contingent purchase consideration $— $— $20 $20 
Commodity contracts— 3 — 3 
Forward exchange contracts— 5 — 5 
Interest rate swaps— 63 — 63 
Cross currency swaps— 497 — 497 
Total liabilities measured at fair value$— $568 $20 $588 
Schedule of Changes in Level 3 Liabilities The following table sets forth a summary of changes in the value of the Company's Level 3 financial liabilities:
June 30,
($ in millions)20262025
Fair value at the beginning of the year$20 $36 
Change in fair value of Level 3 liabilities (12)(2)
Payments(2)(16)
Foreign currency translation— 2 
Fair value at the end of the year$6 $20