v3.22.2.2
Supplemental Balance Sheet Information
 3 Months Ended
Sep. 30, 2022
Balance Sheet Related Disclosures [Abstract]  
Supplemental Balance Sheet Information SUPPLEMENTAL BALANCE SHEET INFORMATION
Supplemental balance sheet information at September 30 and June 30, 2022 is detailed in the following tables.
Inventories
Work-in-process and inventories include raw materials, labor, and overhead. Total inventories consist of the following:
(Dollars in millions)September 30,
2022		June 30,
2022
Raw materials and supplies$705 $651 
Work-in-process119 109 
Total inventories, gross824 760 
Inventory cost adjustment(92)(58)
Total inventories$732 $702 
Prepaid expenses and other
Prepaid expenses and other consist of the following:
(Dollars in millions)September 30,
2022		June 30,
2022
Prepaid expenses$72 $61 
Short-term contract assets418 398 
Spare parts supplies21 22 
Prepaid income tax28 26 
Non-U.S. value-added tax34 48 
Other current assets59 70 
Total prepaid expenses and other$632 $625 
Other accrued liabilities
Other accrued liabilities consist of the following:
(Dollars in millions)September 30,
2022		June 30,
2022
Contract liabilities$135 $185 
Accrued employee-related expenses137 198 
Accrued expenses109 140 
Operating lease liabilities13 14 
Restructuring accrual1 1 
Accrued interest21 32 
Accrued income tax42 50 
Total other accrued liabilities$458 $620