v3.22.2.2
Employee Retirement Benefit Plans
 3 Months Ended
Sep. 30, 2022
Retirement Benefits [Abstract]  
Employee Retirement Benefit Plans EMPLOYEE RETIREMENT BENEFIT PLANS
Components of the Company’s net periodic benefit costs are as follows:
Three Months Ended  
September 30,
(Dollars in millions)20222021
Components of net periodic benefit cost:
Selling, general, and administrative expenses:
Service cost$1 $1 
Other expense, net:
Interest cost2 1 
Expected return on plan assets(2)(2)
Amortization (1)
— 1 
Net amount recognized$1 $1 
(1) Amount represents the amortization of unrecognized actuarial losses.
As previously disclosed, the Company notified the trustees of a multi-employer pension plan of its withdrawal from participation in such plan in fiscal 2012. The actuarial review process administered by the plan trustees ended in fiscal 2015. The liability reported reflects the present value of the Company’s expected future long-term obligations. The estimated discounted value of the projected contributions related to such plans was $38 million as of September 30 and June 30, 2022, and is included within pension liability on the consolidated balance sheets. The annual cash impact associated with the Company’s obligations in such plan is approximately $2 million.