IMPAIRMENT AND RESTRUCTURING CHARGES

3 Months Ended

Sep. 30, 2025

Restructuring and Related Activities [Abstract]

NOTE 4. IMPAIRMENT AND RESTRUCTURING CHARGES

During the three months ended September 30, 2025 and 2024, the Company recorded impairment and restructuring charges of $19 million and $22 million, including restructuring charges of $14 million and $22 million, respectively, primarily related to employee termination benefits.

Changes in restructuring program liabilities were as follows:


	For the three months ended September 30,
	2025				2024
	One time employee termination benefits		Other costs		Total		One time employee termination benefits		Other costs		Total
	(in millions)
Balance, beginning of period	$	42	$	46	$	88	$	24	$	35	$	59
Additions	14		—		14		21		1		22
Payments	(23)		(1)		(24)		(22)		(2)		(24)
Other	4		1		5		—		—		—
Balance, end of period	$	37	$	46	$	83	$	23	$	34	$	57

As of September 30, 2025, restructuring liabilities of $41 million were included in the Balance Sheet in Other current liabilities and $42 million were included in Other non-current liabilities.