v3.22.2.2
Long-Term Obligations and Other Short-Term Borrowings (Tables)
 3 Months Ended
Sep. 30, 2022
Debt Disclosure [Abstract]  
Long-Term Obligations, Presented Net of Issue Discounts and Fees Paid to Lenders, and Other Short-Term Borrowings
Long-term obligations and short-term borrowings consisted of the following at September 30, 2022 and June 30, 2022:
(Dollars in millions)MaturitySeptember 30, 2022June 30, 2022
Senior secured credit facilities
Term loan facility B-3 (5.063% as of September 30)February 2028$1,429 $1,433 
Revolving credit facility (1) (7.250% as of September 30)
May 202475 — 
5.000% senior notes due 2027July 2027500 500 
2.375% euro senior notes due 2028(2)
March 2028794 874 
3.125% senior notes due 2029February 2029550 550 
3.500% senior notes due 2030April 2030650 650 
Financing lease obligations2022 to 2038243 234 
Other obligations2022 to 20282 2 
Unamortized discount and debt issuance costs(39)(41)
Total debt$4,204 $4,202 
Less: current portion of long-term obligations and other short-term
     borrowings		106 31 
Long-term obligations, less current portion $4,098 $4,171 
(1) During the three months ended September 30, 2022, the Company drew down $75 million on its revolving credit facility to supplement operating cash flows.
(2) The decrease in euro-denominated debt was primarily due to large fluctuations in foreign currency exchange rates.
Fair Value Disclosures [Abstract]  
Schedule Of Carrying And Fair Value Of Financial Instruments Table The carrying amounts and the estimated fair values of the Company’s principal categories of debt as of September 30 and June 30, 2022 are as follows:
September 30, 2022June 30, 2022
(Dollars in millions)Fair Value Measurement
Carrying
Value
Estimated Fair
Value
Carrying
Value
Estimated Fair
Value
5.000% senior notes due 2027Level 2$500 $461 $500 $483 
2.375% Euro senior notes due 2028Level 2794 649 874 744 
3.125% senior notes due 2029Level 2550 457 550 476 
3.500% senior notes due 2030Level 2650 552 650 561 
Senior secured credit facilities & otherLevel 21,749 1,609 1,669 1,575 
Subtotal$4,243 $3,728 $4,243 $3,839 
Unamortized discount and debt issuance costs(39)— (41)— 
Total debt$4,204 $3,728 $4,202 $3,839