FAIR VALUE MEASUREMENTS (Tables)

12 Months Ended

Jun. 30, 2026

Schedule of financial assets and liabilities measured at fair value on a recurring basis

The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2026:


(In millions)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	1,509	$	—	$	—	$	1,509
Foreign currency forward contracts	—		40		—		40

Cross-currency swap contracts	—		34		—		34
Total	$	1,509	$	74	$	—	$	1,583

Liabilities:
Foreign currency forward contracts	$	—	$	47	$	—	$	47
Interest rate contracts	—		118		—		118

Cross-currency swap contracts	—		1		—		1

Total	$	—	$	166	$	—	$	166

The following table presents the Company’s hierarchy for its financial assets and liabilities measured at fair value on a recurring basis as of June 30, 2025:


(In millions)	Level 1		Level 2		Level 3		Total
Assets:
Money market funds	$	727	$	—	$	—	$	727
Foreign currency forward contracts	—		32		—		32
Cross-currency swap contracts	—		50		—		50
Total	$	727	$	82	$	—	$	809

Liabilities:
Foreign currency forward contracts	$	—	$	97	$	—	$	97
Interest rate contracts	—		104		—		104
Cross-currency swap contracts	—		15		—		15
Total	$	—	$	216	$	—	$	216

Schedule of estimated fair values of financial instruments

The estimated fair values of the Company’s financial instruments not measured at fair value on a recurring basis are as follows:


	June 30,
	2026				2025
(In millions)	Carrying Amount		Fair Value		Carrying Amount		Fair Value


Current and long-term debt	$	7,306	$	6,814	$	7,317	$	6,794



Notes payable and deferred consideration	$	123	$	122	$	322	$	323