v3.26.1
REVENUE RECOGNITION (Tables)
 12 Months Ended
Jun. 30, 2026
Revenue from Contract with Customer [Abstract]  
Schedule of Disaggregation of Net Sales by Geographic Region
Disaggregation of net sales by the Company's geographic regions(1) are as follows:

Year Ended June 30,
(In millions)202620252024
The Americas$4,463 $4,410 $4,579 
Europe, the United Kingdom and Ireland and Emerging Markets ("EUKEM")3,794 3,566 3,539 
Asia/Pacific(2)
3,746 3,606 4,587 
Mainland China3,058 2,741 2,904 
15,061 14,323 15,609 
Returns associated with restructuring and other activities(12)3 (1)
Net sales$15,049 $14,326 $15,608 
(1)The Company has reorganized its geographic regions, effective July 1, 2025 and has presented the information for each fiscal year under this new basis.
(2)The net sales from the Company’s travel retail business are included in the Asia/Pacific region.
Schedule of changes in allowance for credit losses
Changes in the allowance for credit losses are as follows:
June 30,
(In millions)20262025
Allowance for credit losses, beginning of year
$26 $14 
Provision for expected credit losses20 11 
Write-offs, net & other(16)1 
Allowance for credit losses, end of year
$30 $26 
Schedule of significant changes in deferred revenue
Changes in deferred revenue are as follows:
June 30,
(In millions)20262025
Deferred revenue, beginning of year
$533 $560 
Revenue recognized that was included in the deferred revenue balance at the beginning of the period(292)(288)
Revenue deferred during the period247 257 
Other2 4 
Deferred revenue, end of year
$490 $533 
Revenue, Remaining Performance Obligation, Expected Timing of Satisfaction
As of June 30, 2026, the remaining contractually guaranteed minimum royalty amounts due to the Company in connection with its license arrangements during future periods are as follows:
(In millions)Minimum Remaining Royalties
Fiscal 2027$31 
Fiscal 202833 
Fiscal 202934 
Fiscal 203035 
Fiscal 203135 
Thereafter98