v3.23.2
Leases (Tables)
 12 Months Ended
Jun. 30, 2023
Leases [Abstract]  
Schedule of total lease cost
The total lease cost for operating and finance leases included in the Statements of Operations was as follows:
For the fiscal years ended June 30,
202320222021
Income Statement Location(in millions)
Operating lease costsSelling, general and administrative$121 $125 $135 
Operating lease costsOperating expenses32 36 37 
Finance lease costsDepreciation and amortization25 27 27 
Finance lease costsInterest expense, net2 3 4 
Short term lease costsOperating expenses16 12 15 
Variable lease costsSelling, general and administrative24 24 28 
Total lease costs$220 $227 $246 
Schedule of additional information related to leases
Additional information related to the Company’s operating and finance leases under ASU 2016-02:
As of June 30, 2023As of June 30, 2022
Operating LeasesFinance LeasesOperating LeasesFinance Leases
Weighted-average remaining lease term13.7 years1.8 years11.0 years2.8 years
Weighted-average incremental borrowing rate5.11 %3.64 %3.56 %3.64 %
For the fiscal years ended June 30,
202320222021
(in millions)
Cash paid - Operating lease liabilities$172 $182 $184 
Cash paid - Finance lease liabilities - principal24 27 30 
Cash paid - Finance lease liabilities - interest2 3 4 
Operating lease right-of-use assets obtained in exchange for operating lease liabilities248 72 25 
Schedule of future minimum lease payments under non-cancellable leases
Future minimum lease payments as of June 30, 2023 are as follows:
As of June 30, 2023
Operating LeasesFinance Leases
(in millions)
Fiscal 2024$169 $28 
Fiscal 2025158 15 
Fiscal 2026141 — 
Fiscal 2027137 — 
Fiscal 2028100 — 
Thereafter1,084 — 
Total future minimum lease payments$1,789 $43 
Less: interest(549)(1)
Present value of minimum payments$1,240 $42 
Schedule of future minimum lease payments
Future minimum lease payments as of June 30, 2023 are as follows:
As of June 30, 2023
Operating LeasesFinance Leases
(in millions)
Fiscal 2024$169 $28 
Fiscal 2025158 15 
Fiscal 2026141 — 
Fiscal 2027137 — 
Fiscal 2028100 — 
Thereafter1,084 — 
Total future minimum lease payments$1,789 $43 
Less: interest(549)(1)
Present value of minimum payments$1,240 $42