v3.26.1
Other Expense (Income), Net (Tables)
 12 Months Ended
Jun. 30, 2026
Other Income and Expenses [Abstract]  
Schedule of Components of Other Expense (Income), Net
The table below includes the components of other expense (income), net in the Consolidated Statements of Income:
For the years ended June 30,202620252024
Foreign currency transaction loss (gain)$(31)$46 $(38)
Income related to equity method investments(1)
(218)(178)(152)
Non-service components of retirement benefit cost(2)
(64)(51)(73)
Gain on sale of businesses(3)
(9)(253)(24)
Interest income(14)(11)(15)
Insurance-related charges (recoveries)
(23)8 — 
Other items, net29 (17)14 
Total other expense (income), net
$(330)$(456)$(288)
(1) Equity method investments consist of investments in joint venture companies in which ownership is 50% or less and in which the Company does not have operating control. Sales to and services performed for joint venture companies totaled $112 million, $96 million and $74 million in 2026, 2025 and 2024, respectively. We received cash dividends from joint venture companies of $216 million, $167 million and $148 million in 2026, 2025 and 2024, respectively.
(2) For further discussion of the non-service components of retirement benefit cost refer to Note 12.
(3) For further discussion of the gain on sale of businesses refer to Note 3.