CHARGES ASSOCIATED WITH RESTRUCTURING AND OTHER ACTIVITIES (Tables)

12 Months Ended

Jun. 30, 2024

Restructuring and Related Activities [Abstract]

Schedule Of Restructuring And Other Charges

During fiscal 2024, the Company incurred charges associated with restructuring activities as follows:


	Sales Returns (included in Net Sales)		Cost of Sales		Operating Expenses				Total
(In millions)					Restructuring Charges		Other Charges
Restructuring Program Component of the Profit Recovery and Growth Plan	$	—	$	—	$	92	$	23	$	115
Post-COVID Business Acceleration Program	1		1		1		7		10
Total	$	1	$	1	$	93	$	30	$	125

Schedule Of Restructuring And Other Charges Expected To Be Incurred

The Restructuring Program cumulative charges approved by the Company as of June 30, 2024 and through July 19, 2024, as previously disclosed on July 23, 2024, were:


	Sales Returns (included in Net Sales)		Cost of Sales		Operating Expenses				Total
(In millions)					Restructuring Charges		Other Charges
Total Charges Approved
Cumulative charges through June 30, 2024	$	—	$	—	$	109	$	78	$	187
July 1, 2024 - July 19, 2024	1		9		24		12		46
Cumulative charges through July 19, 2024	$	1	$	9	$	133	$	90	$	233

Included in the above table, cumulative Restructuring Program restructuring initiatives approved by the Company as of June 30, 2024 and through July 19, 2024, as previously disclosed on July 23, 2024, by major cost type were:


(In millions)	Employee- Related Costs		Asset- Related Costs		Contract Terminations		Other Exit Costs		Total
Restructuring Charges Approved
Cumulative charges through June 30, 2024	$	93	$	7	$	—	$	9	$	109
July 1, 2024 - July 19, 2024	23		—		—		1		24
Cumulative charges through July 19, 2024	$	116	$	7	$	—	$	10	$	133

Schedule of Total Cumulative Charges Recorded, Associated With Restructuring and Other Activities

The Company records approved charges associated with restructuring and other activities once the relevant accounting criteria have been met. Total cumulative charges recorded associated with restructuring and other activities for the Restructuring Program through June 30, 2024 were:


	Sales Returns (included in Net Sales)		Cost of Sales		Operating Expenses				Total
(In millions)					Restructuring Charges		Other Charges
Total Charges
Cumulative charges through June 30, 2024	$	—	$	—	$	92	$	23	$	115


(In millions)	Employee- Related Costs		Asset- Related Costs		Contract Terminations		Other Exit Costs		Total
Restructuring Charges
Cumulative charges through June 30, 2024	$	90	$	2	$	—	$	—	$	92


	Sales Returns (included in Net Sales)		Cost of Sales		Operating Expenses				Total
(In millions)					Restructuring Charges		Other Charges
Total Charges
Fiscal 2021	$	14	$	2	$	201	$	4	$	221
Fiscal 2022	4		5		109		9		127
Fiscal 2023	27		3		35		12		77
Fiscal 2024	1		1		1		7		10
Cumulative through June 30, 2024	$	46	$	11	$	346	$	32	$	435


(In millions)	Employee- Related Costs		Asset- Related Costs(1)		Contract Terminations		Other Exit Costs		Total
Restructuring Charges (Adjustments)
Fiscal 2021	$	119	$	75	$	6	$	1	$	201
Fiscal 2022	84		11		13		1		$	109
Fiscal 2023	3		31		(2)		3		35
Fiscal 2024	(4)		4		1		—		1
Cumulative through June 30, 2024	$	202	$	121	$	18	$	5	$	346

(1)Asset-related costs include fiscal 2021 goodwill and other intangible asset impairment charges of $13 million and $34 million, respectively, relating to the exit of the global distribution of BECCA products.

Schedule of Changes in Accrued Restructuring Charges

Changes in accrued restructuring charges from the Restructuring Program inception through June 30, 2024 were:


(In millions)	Employee- Related Costs		Asset- Related Costs		Contract Terminations		Other Exit Costs		Total
Charges	$	90	$	2	$	—	$	—	$	92
Cash payments	—		—		—		—		—
Non-cash asset write-offs	—		(2)		—		—		(2)
Translation and other adjustments	(2)		—		—		—		(2)
Balance at June 30, 2024	$	88	$	—	$	—	$	—	$	88

Changes in accrued restructuring charges from the PCBA Program inception through June 30, 2024 were:


(In millions)	Employee- Related Costs		Asset- Related Costs		Contract Terminations		Other Exit Costs		Total
Charges	$	119	$	75	$	6	$	1	$	201
Cash payments	(18)		—		(6)		(1)		(25)
Non-cash asset write-offs	—		(75)		—		—		(75)

Balance at June 30, 2021	101		—		—		—		101

Charges	84		$	11	$	13	1		109
Cash payments	(52)		—		$	(13)	1		(64)
Non-cash asset write-offs	—		(11)						(11)
Translation and other adjustments	(8)		—		$	—	(2)		(10)
Balance at June 30, 2022	125		—		—		—		125

Charges	3		31		(2)		$	3	35
Cash payments	(40)		—		(1)		$	(3)	(44)
Non-cash asset write-offs	—		(31)		—		$	—	(31)
Translation and other adjustments	(7)		—		4		$	—	(3)
Balance at June 30, 2023	81		—		1		—		82

Charges	(4)		4		1		—		1
Cash payments	(49)		—		(1)		—		(50)
Non-cash asset write-offs	—		(4)		—		—		(4)
Translation and other adjustments	—		—		(1)		—		(1)
Balance at June 30, 2024	$	28	$	—	$	—	$	—	$	28