v3.23.2
Equity-Based Compensation (Tables)
 12 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Summary of Equity-Based Compensation Expense from Continuing Operations
The following table summarizes the Company’s equity-based compensation expense reported in the Statements of Operations:
For the fiscal years ended June 30,
202320222021
(in millions)
Total equity compensation expense
$92 $59 $128 
Summary of Activity from Continuing and Discontinued Operations Related to Target PSUs and RSUs Settled in Shares
The following table summarizes the activity related to the target PSUs and RSUs granted to participants that will be settled in shares of the Company (PSUs and RSUs in thousands):
Fiscal 2023Fiscal 2022Fiscal 2021
Number
of
shares
Weighted
average
grant-
date fair
value
Number
of
shares
Weighted
average
grant-
date fair
value
Number
of
shares
Weighted
average
grant-
date fair
value
PSUs and RSUs
Unvested units at beginning of the year
6,297 $18.65 7,022 $14.61 7,717 $13.39 
Granted(a)
4,665 18.13 3,475 21.96 3,546 15.59 
Vested(3,487)16.32 (3,526)13.56 (3,676)13.30 
Cancelled(b)
(711)19.59 (674)19.12 (565)15.05 
Unvested units at the end of the year6,764 $19.40 6,297 $18.65 7,022 $14.61 
________________________
(a)For fiscal 2023, includes 0.8 million target PSUs and 3.4 million RSUs granted and a payout adjustment of 0.5 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2020 that vested during fiscal 2023.
For fiscal 2022, includes 0.6 million target PSUs and 2.4 million RSUs granted and a payout adjustment of 0.5 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2019 that vested during fiscal 2022.
For fiscal 2021, includes 0.8 million target PSUs and 2.4 million RSUs granted and a payout adjustment of 0.3 million PSUs due to the actual performance level achieved for PSUs granted in fiscal 2018 that vested during fiscal 2021.
(b)For fiscal 2023, includes 0.1 million of target PSUs and 0.6 million RSUs cancelled.
For fiscal 2022, includes 0.2 million of target PSUs and 0.5 million RSUs cancelled.
For fiscal 2021, includes 0.3 million of target PSUs and 0.3 million RSUs cancelled.