v3.26.3
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 3 Months Ended
Sep. 30, 2026
Accounting Policies [Abstract]  
Schedule of inventory and promotional merchandise
Inventory and promotional merchandise consists of the following:
(In millions)September 30, 2026June 30, 2026
Raw materials
$606 $581 
Work in process
218 241 
Finished goods
1,157 1,017 
Promotional merchandise
166 160 
Total inventory and promotional merchandise
$2,147 $1,999 
Schedule of property, plant and equipment
Property, plant and equipment consists of the following:
($ in millions)
September 30, 2026June 30, 2026
Assets (Useful Life)
Land and improvements(1)
$71 $71 
Buildings and improvements (10 to 40 years)
1,018 1,010 
Machinery and equipment (3 to 20 years)
1,407 1,391 
Computer hardware and software (2 to 10 years)
2,127 2,098 
Furniture and fixtures (5 to 10 years)
140 142 
Leasehold improvements2,690 2,687 
Construction in progress233 263 
     Total property, plant and equipment, gross
7,686 7,662 
Less accumulated depreciation and amortization
(4,979)(4,857)
   Total property, plant and equipment, net
$2,707 $2,805 
(1)Land improvements are depreciated over a 10 year useful life.
Schedule of other accrued liabilities
Other accrued liabilities consist of the following:
(In millions)September 30, 2026June 30, 2026
Accrued employee compensation
$460 $697 
Accrued income taxes
332 205 
Accrued payroll and other non-income taxes
399 328 
Accrued restructuring
432 531 
Accrued sales incentives
320 338 
Accrued selling, advertising, marketing, promotion and product development
321 276 
Deferred revenue
319 282 
Other1,305 1,094 
Total other accrued liabilities
$3,888 $3,751