v3.26.3
EQUITY (Tables)
 3 Months Ended
Sep. 30, 2026
Equity [Abstract]  
Schedule of equity
Total Stockholders’ Equity
Three Months Ended
September 30,
(In millions, except per share data)
20262025
Common stock, beginning of the period$6 $6 
Stock-based compensation— — 
Common stock, end of the period6 6 
Paid-in capital, beginning of the period7,378 7,012 
Common stock dividends2 3 
Stock-based compensation117 126 
Paid-in capital, end of the period7,497 7,141 
Retained earnings, beginning of the period11,341 11,672 
Common stock dividends(129)(128)
Net earnings233 47 
Retained earnings, end of the period11,445 11,591 
Accumulated other comprehensive loss, beginning of the period(1,153)(1,127)
Other comprehensive earnings (loss)10 (14)
Accumulated other comprehensive loss, end of the period(1,143)(1,141)
Treasury stock, beginning of the period(13,766)(13,698)
Stock-based compensation(1)(9)
Treasury stock, end of the period(13,767)(13,707)
Total equity
$4,038 $3,890 
Cash dividends declared per common share$.35 $.35 
Summary of cash dividends declared per share on the Company's Class A and Class B Common Stock
The following is a summary of quarterly cash dividends declared per share on the Company’s Class A and Class B Common Stock during the three months ended September 30, 2026:

Date DeclaredRecord DatePayable DateAmount per Share
August 18, 2026August 31, 2026September 15, 2026$.35 
Schedule of components of AOCI, net of tax
The following table represents changes in accumulated other comprehensive loss, net of tax, by component for the three months ended September 30, 2026:

(In millions)Net Cash
Flow Hedge
Cross-Currency Swap Contracts - Fair Value Hedge(1)
Amounts
Included in Net Periodic Benefit Cost		Translation
Adjustments		Total
Balance at June 30, 2026$18 $5 $(130)$(1,046)$(1,153)
OCI before reclassifications (2)
(8)1 (4)15 
(3)
4 
Amounts reclassified to Net earnings6 (4)4 — 6 
Net current-period OCI(2)(3)— 15 10 
Balance at September 30, 2026$16 $2 $(130)$(1,031)$(1,143)
(1)The gain recognized in AOCI, net of tax from cross-currency swap contracts represents the amount excluded from effectiveness testing.
(2)The tax benefit (provision) included in Net Cash Flow Hedge, Cross-Currency Swap Contracts - Fair Value Hedge, Amounts Included in Net Periodic Benefit Cost and Translation Adjustments was $3 million, $(1) million, $3 million and $5 million, respectively.
(3)See Note 4 – Derivative Financial Instruments for gains (losses) relating to net investment hedges.
Schedule of effects of reclassification adjustments from AOCI into net earnings
The following table represents the effects of reclassification adjustments from AOCI into net earnings for the three months ended September 30, 2026 and 2025:

Amount Reclassified from AOCIAffected Line Item in
Consolidated
Statements of Earnings
Three Months Ended
September 30,
(In millions)20262025
Loss on Cash Flow Hedges
Foreign currency forward contracts$(8)$— Net sales
Benefit for income taxes2 — Provision for income taxes
Total loss on cash flow hedges, net of tax(6)— Net earnings
Gain on Cross-Currency Swap Contracts - Fair Value Hedge
Cross-currency swap contracts
5 5 Selling, general and administrative
Provision for income taxes(1)(1)Provision for income taxes
Total gain on cross-currency swap contracts - fair value hedge, net of tax4 4 Net earnings
Retirement Plan and Other Retiree Benefit Adjustments
Amortization of prior service cost1 1 
Other components of net periodic benefit cost
Amortization of actuarial loss(6)(5)
Other components of net periodic benefit cost 
Total retirement plan and other retiree benefit adjustments, before tax
(5)(4)
Other components of net periodic benefit cost 
Benefit for income taxes1 1 Provision for income taxes
Total retirement plan and other retiree benefit adjustments, net of tax(4)(3)Net earnings
Total reclassification adjustments, net$(6)$1 Net earnings