v3.26.3
PENSION AND POST-RETIREMENT BENEFIT PLANS
3 Months Ended
Sep. 30, 2026
Retirement Benefits [Abstract]  
PENSION AND POST-RETIREMENT BENEFIT PLANS PENSION AND POST-RETIREMENT BENEFIT PLANS
The Company maintains pension plans covering substantially all of its full-time employees for its U.S. operations and a majority of its international operations. The Company also maintains post-retirement benefit plans that provide certain medical and dental benefits to eligible employees. Descriptions of these plans are included in Notes to Consolidated Financial Statements, Note 15 – Pension and Post-retirement Benefit Plans in the Company’s Annual Report on Form 10-K for the fiscal year ended June 30, 2026.

The components of net periodic benefit cost for the three months ended September 30, 2026 and 2025 consisted of the following:

Pension PlansOther than
Pension Plans
U.S.InternationalPost-retirement
(In millions)202620252026202520262025
Service cost$8 $9 $5 $7 $— $— 
Interest cost14 14 5 4 2 2 
Expected return on plan assets(13)(13)(7)(7)— — 
Amortization of:
Actuarial loss6 5 — — — — 
Prior service cost— — — — (1)(1)
Special termination benefits— — — 1 — — 
Net periodic benefit cost$15 $15 $3 $5 $1 $1 

The amounts recognized in the consolidated balance sheets related to the Company’s pension and post-retirement benefit plans consist of the following:

(In millions)September 30, 2026June 30, 2026
Other assets$186 $200 
Other accrued liabilities(45)(45)
Other noncurrent liabilities(294)(301)
Funded status(153)(146)
Accumulated other comprehensive loss176 174 
Net amount recognized$23 $28