v3.26.1
Segments (Tables)
 12 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
Schedule of Information About Reportable Segments The following table presents information about reportable segments.
Years ended June 30,
($ in millions)202620252024
Sales including intersegment sales
Global Flexible Packaging Solutions$12,829 $10,066 $9,486 
Global Rigid Packaging Solutions10,677 4,943 4,154 
Net sales$23,506 $15,009 $13,640 
Global Flexible Packaging Solutions$(11,040)$(8,668)$(8,157)
Global Rigid Packaging Solutions(9,501)(4,508)(3,829)
Segment expenses (1)$(20,541)$(13,176)$(11,986)
Global Flexible Packaging Solutions$1,789 $1,398 $1,329 
Global Rigid Packaging Solutions1,176 435 325 
Adjusted segment earnings before interest and taxes ("Adjusted Segment EBIT")2,965 1,833 1,654 
Less: Unallocated corporate costs (1)(152)(110)(94)
Less: Amortization of acquired intangible assets from business combinations (2)(558)(246)(167)
Less: Impact of hyperinflation (3)(19)(16)(53)
Less: Transaction costs (4)(32)(169)— 
Less: Restructuring, integration and related activities, net (5)(266)(97)(97)
Less: Executive transition costs (6)(15)— (8)
Add/(Less): Inventory step-up amortization (7)6 (133)— 
Less: Accelerated merger-related compensation (8)— (41)— 
Less: Portfolio review expenses (9)(22)— — 
Less: Other (10)(10)(21)(22)
Interest income66 49 38 
Interest expense(676)(396)(348)
Equity in (income)/loss of affiliated companies, net of tax(5)(3)4 
Income before income taxes and equity in (income)/loss of affiliated companies$1,282 $650 $907 
(1)Segment expenses and unallocated corporate costs primarily cost of goods sold, selling, general, and administrative expenses, research and development expenses, other income/(expenses), net, and other non-operating income.
(2)Amortization of acquired intangible assets from business combinations includes amortization expense related to all acquired intangible assets from past acquisitions.
(3)Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso.
(4)Transaction costs includes incremental costs related to the Merger and other strategic activities. Refer to Note 5, "Restructuring, Transaction, and Integration Expenses, Net".
(5)Restructuring, integration and related activities, net in fiscal year 2026 primarily includes costs incurred in connection with the Berry Plan. Fiscal year 2025 primarily includes costs incurred in connection with the 2023 Restructuring Plan and the Berry Plan. Fiscal year 2024 primarily includes costs incurred in connection with the 2023 Restructuring Plan. Refer to Note 6, "Restructuring," for further information.
(6)Executive transition costs in fiscal year 2026 reflect accelerated compensation, including share-based compensation, granted to the Company's former executives, and other transition related expenses. Fiscal year 2024 includes expenses incurred in connection with the retirement Chief Executive Officer who retired from that role in April 2024, and other transition related expenses.
(7)Inventory step-up amortization relates to additional amortization incurred on inventories in connection with the Merger.
(8)Accelerated merger-related compensation includes accelerated share-based compensation expense and severance incurred in connection with the Merger.
(9)Portfolio review expenses includes impairment and other incremental expenses incurred in connection with the strategic review of the Company's portfolio alternatives.
(10) Other in fiscal year 2026 includes various expense and income items, primarily relating to pension settlements and excise taxes of $26 million, professional fees of $12 million, legal related fees of $12 million and other individually immaterial expense items, partially offset by an aggregate pre-tax gain on sale of certain businesses of $56 million (refer to Note 4, "Acquisitions and Divestitures"). Fiscal year 2025 includes various expense and income items primarily relating to pension settlements of $12 million and other minor items primarily including litigation fees and a loss on disposal of a non-core business. These expenses were partially offset by a pre-tax gain on the disposal of Bericap of $15 million (refer to Note 4, "Acquisitions and Divestitures"). Fiscal year 2024 includes fair value losses of $16 million on economic hedges, retroactive foil duties, certain litigation reserve adjustments, and pension settlements, partially offset by changes in contingent purchase consideration.
Schedule of Additional Financial Information About Segments
The tables below present additional financial information by reportable segments:

    Capital expenditures for the acquisition of long-lived assets by reportable segment were:
Years ended June 30,
($ in millions)202620252024
Global Flexible Packaging Solutions$451 $360 $342 
Global Rigid Packaging Solutions458 213 142 
Other13 7 8 
Total capital expenditures for the acquisition of long-lived assets$922 $580 $492 

    Depreciation and amortization on long-lived assets by reportable segment were:
Years ended June 30,
($ in millions)202620252024
Global Flexible Packaging Solutions$663 $430 $419 
Global Rigid Packaging Solutions774 274 158 
Other13 12 6 
Total depreciation and amortization on long-lived assets$1,450 $716 $583 
Schedule of Sales by Major Product Sales by major product were:
Years ended June 30,
($ in millions)Segment202620252024
Films and other flexible productsGlobal Flexible Packaging Solutions$11,742 $9,035 $8,463 
Films and other flexible productsGlobal Rigid Packaging Solutions811 806 847 
Specialty flexible folding cartonsGlobal Flexible Packaging Solutions1,087 1,031 1,022 
Containers, preforms, and closuresGlobal Rigid Packaging Solutions9,866 4,137 3,308 
Net sales$23,506 $15,009 $13,640 
Schedule of Long-lived Assets by Geographic Areas The following table provides long-lived asset information for the major countries in which the Company operates. Long-lived assets include property, plant, and equipment, net of accumulated depreciation and impairments.
June 30,
($ in millions)20262025
United States of America$3,585 $3,872 
Other countries (1)3,824 4,330 
Long-lived assets$7,409 $8,202 
(1)Includes the Company's country of domicile, Jersey. The Company had no long-lived assets in Jersey in any period shown. No individual country represented more than 10% of the respective totals.
Schedule of Disaggregation of Revenue by Geography The following tables disaggregate net sales information by geography in which the Company operates based on manufacturing or selling operations:
Year Ended June 30, 2026
($ in millions)Global Flexible Packaging SolutionsGlobal Rigid Packaging SolutionsTotal
North America$6,346 $5,379 $11,725 
Latin America250 1,630 1,880 
Europe (1)4,536 3,305 7,841 
Asia Pacific1,697 363 2,060 
Net sales$12,829 $10,677 $23,506 
Year Ended June 30, 2025
($ in millions)Global Flexible Packaging SolutionsGlobal Rigid Packaging SolutionsTotal
North America$4,429 $2,765 $7,194 
Latin America199 1,591 1,790 
Europe (1)3,792 529 4,321 
Asia Pacific1,646 58 1,704 
Net sales$10,066 $4,943 $15,009 
Year Ended June 30, 2024
($ in millions)Global Flexible Packaging SolutionsGlobal Rigid Packaging SolutionsTotal
North America$4,095 $2,508 $6,603 
Latin America267 1,646 1,913 
Europe (1)3,507 — 3,507 
Asia Pacific1,617 — 1,617 
Net sales$9,486 $4,154 $13,640 

(1)Includes the Company's country of domicile, Jersey. The Company had no sales in Jersey in the periods shown.