Shareholders' Equity (Tables)

12 Months Ended

Jun. 30, 2026

Schedule of Changes in Ordinary Treasury Shares

The changes in ordinary and treasury shares during fiscal years 2026, 2025, and 2024, were as follows:


	Ordinary Shares			Treasury Shares
(shares and $ in millions)	Number of Shares	Amount		Number of Shares	Amount
Balance as of June 30, 2023	289.7	$	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, 2024	289.0	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, 2025	461.1	23		0.1	(6)

Options exercised and shares vested	—	—		(1.5)	75

Purchase of treasury shares	—	—		0.5	(29)
Issuance of shares	1.3	—		1.3	(56)
Balance as of June 30, 2026	462.3	$	23	0.4	$	(16)

Schedule of Accumulated Other Comprehensive Income (Loss)

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 Translation		Net Investment Hedge		Pension		Effective 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 reclassifications	13		(60)		(14)		(8)		(69)
Amounts reclassified from accumulated other comprehensive loss	8		—		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 reclassifications	46		66		(15)		11		108
Amounts reclassified from accumulated other comprehensive loss	18		(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)

Schedule of Reclassification out of Accumulated Other Comprehensive Income (Loss)

The following tables provide details of amounts reclassified from accumulated other comprehensive loss:


	For the years ended June 30,
($ in millions)	2026		2025		2024
Pension:
Amortization of prior service credit	$	(2)	$	(3)	$	(4)
Amortization of actuarial loss	3		7		3

Effect of pension settlement/curtailment	13		12		2
Total before tax effect	14		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 locks	3		3		3
Total before tax effect	(3)		1		4
Tax effect on amounts reclassified into earnings	1		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 effect	18		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".