Amcor (AMCR) 10-Q 2 Nov 22 2023 Q1 Quarterly report Financial data

Cover Page

Cover Page - shares	3 Months Ended
	Sep. 30, 2022	Oct. 31, 2022
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Sep. 30, 2022
Document Transition Report	false
Entity File Number	001-38932
Entity Registrant Name	AMCOR PLC
Entity Incorporation, State or Country Code	Y9
Entity Tax Identification Number	98-1455367
Entity Address, Address Line One	83 Tower Road North
Entity Address, City or Town	Warmley, Bristol
Entity Address, Postal Zip Code	BS30 8XP
Entity Address, Country	GB
Country Region	44
City Area Code	117
Local Phone Number	9753200
Entity Information [Line Items]
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Emerging Growth Company	false
Entity Small Business	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding		1,489,019,556
Entity Central Index Key	0001748790
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Amendment Flag	false
Ordinary Shares, Par Value $0.01 Per Share
Entity Information [Line Items]
Title of 12(b) Security	Ordinary Shares, Par Value $0.01 Per Share
Security Exchange Name	NYSE
Trading Symbol	AMCR
Trading Symbol	AMCR
1.125% Guaranteed Senior Notes Due 2027
Entity Information [Line Items]
Title of 12(b) Security	1.125% Guaranteed Senior Notes Due 2027
Security Exchange Name	NYSE
Trading Symbol	AUKF/27
Trading Symbol	AUKF/27

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Income Statement [Abstract]
Net sales	$ 3,712	$ 3,420
Cost of sales	(3,044)	(2,770)
Gross profit	668	650
Operating expenses:
Selling, general, and administrative expenses	(302)	(313)
Research and development expenses	(25)	(25)
Restructuring and related expenses, net	(1)	(8)
Other income/(expenses), net	2	(8)
Operating income	342	296
Interest income	9	5
Interest expense	(59)	(40)
Other non-operating income, net	0	5
Income before income taxes	292	266
Income tax expense	(58)	(63)
Net income	234	203
Net income attributable to non-controlling interests	(2)	(1)
Net income attributable to Amcor plc	$ 232	$ 202
Basic earnings per share	$ 0.156	$ 0.131
Diluted earnings per share	$ 0.155	$ 0.131

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
Net income	$ 234	$ 203
Other comprehensive income (loss):
Net losses on cash flow hedges, net of tax (a)	(7)	(2)
Foreign currency translation adjustments, net of tax (b)	(161)	(95)
Other comprehensive loss	(168)	(97)
Total comprehensive income	66	106
Comprehensive income attributable to non-controlling interests	(2)	0
Comprehensive income attributable to Amcor plc	$ 64	$ 106

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Comprehensive Income [Abstract]
(a) Tax benefit related to cash flow hedges	$ 1	$ 0
(b) Tax expense related to foreign currency translation adjustments	$ (3)	$ (2)

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 562	$ 775
Trade receivables, net of allowance for doubtful accounts of $23 and $25, respectively	1,984	1,935
Raw materials and supplies	1,216	1,114
Work in process and finished goods	1,374	1,325
Prepaid expenses and other current assets	549	512
Total current assets	5,849	5,853
Non-current assets:
Property, plant, and equipment, net	3,589	3,646
Operating lease assets	536	560
Deferred tax assets	129	130
Other intangible assets, net	1,609	1,657
Goodwill	5,237	5,285
Employee benefit assets	85	89
Other non-current assets	258	206
Total non-current assets	11,443	11,573
Total assets	17,292	17,426
Current liabilities:
Current portion of long-term debt	14	14
Short-term debt	62	136
Trade payables	2,839	3,073
Accrued employee costs	373	471
Other current liabilities	1,264	1,344
Total current liabilities	4,589	5,103
Non-current liabilities:
Long-term debt, less current portion	6,879	6,340
Operating lease liabilities	470	493
Deferred tax liabilities	663	677
Employee benefit obligations	192	201
Other non-current liabilities	523	471
Total non-current liabilities	8,727	8,182
Total liabilities	13,316	13,285
Commitments and contingencies (See Note 14)
Amcor plc shareholders’ equity:
Common stock	15	15
Additional paid-in capital	4,412	4,431
Retained earnings	588	534
Accumulated other comprehensive loss	(1,048)	(880)
Treasury stock	(49)	(18)
Total Amcor plc shareholders' equity	3,918	4,082
Non-controlling interests	58	59
Total shareholders' equity	3,976	4,141
Total liabilities and shareholders' equity	17,292	17,426
Assets held for sale, net
Current assets:
Assets held for sale, net	164	192
Current liabilities:
Liabilities held for sale	$ 37	$ 65

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts	$ 23	$ 25
Ordinary shares, par value	$ 0.01	$ 0.01
Ordinary shares authorized	9,000	9,000
Ordinary shares issued	1,489	1,489
Treasury shares	4	2

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flows from operating activities:
Net income	$ 234	$ 203
Adjustments to reconcile net income to net cash used in operating activities:
Depreciation, amortization, and impairment	151	177
Net periodic benefit cost	2	1
Amortization of debt discount and deferred financing costs	1	1
Net foreign exchange gain	(17)	(11)
Share-based compensation	16	15
Other, net	56	73
Loss from hyperinflationary accounting for Argentine subsidiaries	13	2
Deferred income taxes, net	(16)	(11)
Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency	(700)	(562)
Net cash used in operating activities	(260)	(112)
Cash flows from investing activities:
Investments in affiliated companies and other	(54)	0
Cash and cash equivalents classified as held for sale.	(42)	0
Purchase of property, plant, and equipment, and other intangible assets	(152)	(145)
Proceeds from divestitures	4	0
Proceeds from sales of property, plant, and equipment, and other intangible assets	4	0
Net cash used in investing activities	(240)	(145)
Net cash used in investing activities
Proceeds from issuance of shares	96	82
Purchase of treasury shares	(202)	(131)
Proceeds from issuance of long-term debt	1	8
Repayment of long-term debt	(24)	(401)
Net borrowing of commercial paper	703	795
Net repayment of short-term debt	(66)	(38)
Repayment of lease liabilities	(1)	(1)
Share buyback/cancellations	0	(64)
Dividends paid	(181)	(183)
Net cash provided by financing activities	326	67
Effect of exchange rates on cash and cash equivalents	(60)	(27)
Change in cash and cash equivalents classified as held for sale	21	0
Net decrease in cash and cash equivalents	(213)	(217)
Cash and cash equivalents balance at beginning of year	775	850
Cash and cash equivalents balance at end of period	562	633
Supplemental cash flow information:
Interest paid, net of amounts capitalized	40	16
Income taxes paid	35	55
Supplemental non-cash disclosures relating to investing and financing activities:
Purchase of property and equipment, accrued but unpaid	$ 77	$ 52

Condensed Consolidated Statem_5

Condensed Consolidated Statement of Equity - USD ($) $ in Millions	Total	Ordinary Shares	Additional Paid-In Capital	Retained Earnings	Accumulated Other Comprehensive Loss	Treasury Shares	Non-controlling Interest
Beginning Balance at Jun. 30, 2021	$ 4,821	$ 15	$ 5,092	$ 452	$ (766)	$ (29)	$ 57
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	203			202			1
Other comprehensive loss	(97)				(96)		(1)
Share buyback/cancellations	(64)	0	(64)
Dividends declared	(183)			(181)			(2)
Options exercised and shares vested	82		(28)			110
Net settlement of forward contracts to purchase own equity for share-based incentive plans, net of tax	59		59
Purchase of treasury shares	(131)					(131)
Share-based compensation expense	15		15
Ending Balance at Sep. 30, 2021	4,705	15	5,074	473	(862)	(50)	55
Beginning Balance at Jun. 30, 2022	4,141	15	4,431	534	(880)	(18)	59
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	234			232			2
Other comprehensive loss	(168)				(168)		0
Dividends declared	(181)			(178)			(3)
Options exercised and shares vested	96		(75)			171
Net settlement of forward contracts to purchase own equity for share-based incentive plans, net of tax	40		40
Purchase of treasury shares	(202)					(202)
Share-based compensation expense	16		16
Ending Balance at Sep. 30, 2022	$ 3,976	$ 15	$ 4,412	$ 588	$ (1,048)	$ (49)	$ 58

Condensed Consolidated Statem_6

Condensed Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share (in USD per share)	$ 0.12	$ 0.1175

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	3 Months Ended
	Sep. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Nature of Operations and Basis of Presentation	Nature of Operations and Basis of Presentation Amcor plc ("Amcor" or the "Company") is a public limited company incorporated under the Laws of the Bailiwick of Jersey. The Company's history dates back more than 150 years, with origins in both Australia and the United States of America. Today, Amcor is a global leader in developing and producing responsible packaging for food, beverage, pharmaceutical, medical, home and personal-care, and other consumer goods end markets. The Company's innovation excellence and global packaging expertise enables the Company to solve packaging challenges around the world every day, producing packaging that is more functional, appealing, and cost effective for its customers and their consumers and importantly, more sustainable for the environment. The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States ("U.S. GAAP") for interim financial information. Consistent with these requirements, this Form 10-Q does not include all the information required by U.S. GAAP for complete financial statements. Further, the year-end condensed consolidated balance sheet data as of June 30, 2022 was derived from audited financial statements but does not include all disclosures required by U.S. GAAP. It is management's opinion, however, that all material and recurring adjustments have been made that are necessary for a fair statement of its interim financial position, results of operations, and cash flows. For further information, this Form 10-Q should be read in conjunction with the audited consolidated financial statements and accompanying notes in the Company's Annual Report on Form 10-K for the fiscal year ended June 30, 2022. There have been no material changes to the accounting policies followed by the Company during the current fiscal year. The Company reclassified prior year comparative figures in the condensed consolidated balance sheets to conform to the current year's presentation. This change in presentation did not have an impact on the Company’s financial condition or operating results. Certain amounts in the Company's notes to unaudited condensed consolidated financial statements may not add or recalculate due to rounding.

New Accounting Guidance

New Accounting Guidance	3 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
New Accounting Guidance	New Accounting Guidance Recently Adopted Accounting Standards In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2021-10, Government Assistance (Topic 832) that adds certain disclosure requirements for entities that receive government assistance. The standard is effective for annual periods beginning after December 15, 2021 with early adoption permitted. The Company adopted ASU 2021-10 on July 1, 2022, and the adoption did not have a material impact on the Company's condensed consolidated financial statements. ASU 2021-10 may have a material impact on the Company’s disclosures in the future, if government assistance provided to the Company were to become material. Accounting Standards Not Yet Adopted In September 2022, the FASB issued Accounting Standards Update ("ASU") 2022-04 that adds certain disclosure requirements for entities that use supplier finance programs in connection with the purchase of goods and services. The new standard's requirement to disclose the key terms of supplier finance programs is effective for all interim and annual periods beginning with the Company's fiscal year ending June 30, 2024. The new standard does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations. Early adoption is permitted. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements. The Company considers the applicability and impact of all ASUs issued by the FASB. The Company determined at this time that all other ASUs not yet adopted are either not applicable or are expected to have a minimal impact on its results of operation, financial position, and disclosures.

Held for Sale

Held for Sale	3 Months Ended
	Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Held for Sale	Held for Sale During the fourth quarter of fiscal year 2022, the Company classified the assets and liabilities of its Russian operations as held for sale as a result of the Company's decision to sell its three manufacturing facilities in Russia ("Russian business"), and recorded an impairment of $90 million. In the first quarter of fiscal year 2023, the Company has obtained indicative bids on which basis the expected fair value less costs to sell the Russian business has been updated, which did not result in a change to the previously recognized impairment. The Russian business is part of the Company’s Flexibles segment and is expected to be sold within fiscal year 2023. The disposal of the Russian business will not represent a strategic shift that will have a major effect on the Company's operations and financial results, and therefore does not qualify for reporting as a discontinued operation. Major classes of assets and liabilities of the Russian business classified as held for sale were as follows: ($ in millions) September 30, 2022 June 30, 2022 Cash and cash equivalents $ 49 $ 75 Trade receivables, net 79 66 Inventories, net 37 40 Prepaid expenses and other current assets 26 36 Property, plant, and equipment, net 47 49 Goodwill 16 16 Total assets held for sale 254 282 Less accumulated impairment (1) (90) (90) Total assets held for sale, net $ 164 $ 192 Trade payables 37 65 Total current liabilities held for sale $ 37 $ 65 (1) Inclusive of accumulated other comprehensive loss related to the Russian business. This table excludes other non-material assets and liabilities that are held for sale but not part of the Russian business.

Acquisitions

Acquisitions	3 Months Ended
	Sep. 30, 2022
Business Combination and Asset Acquisition [Abstract]
Acquisitions	Acquisitions On August 1, 2022, the Company completed the acquisition of 100% equity interest in DGPack s.r.o., a Czech Republic company that operates a world-class flexible packaging manufacturing plant. The initial purchase consideration amounted to $60 million and is subject to customary post-closing adjustments. The consideration includes $6 million that will be paid in the second quarter of fiscal year 2023. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired identifiable net assets of $39 million and goodwill of $21 million. Goodwill is not deductible for tax purposes. The fair values of the identifiable net assets acquired and goodwill are based on the Company's best estimate as of September 30, 2022 and are considered preliminary. The fair value estimates were based on income, market, and cost valuation methods. The Company aims to complete the purchase price allocation as soon as practicable but no later than one year from the date of the acquisition. Pro forma information related to the acquisition of DGPack s.r.o. has not been presented, as the effect of the acquisition on the Company's consolidated financial statements was not material.

Restructuring

Restructuring	3 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring The Company's restructuring activities in the three months ended September 30, 2022 were primarily comprised of restructuring activities related to the Russia-Ukraine conflict. Restructuring and related expenses, net were $1 million and $8 million during the three months ended September 30, 2022 and 2021, respectively, and primarily relate to the Flexibles reporting segment. The expenses related to restructuring activities have been presented on the unaudited condensed consolidated statements of income as restructuring and related expenses, net. An analysis of the Company's restructuring plan liability is as follows: ($ in millions) Employee Costs Fixed Asset Related Costs Other Costs Total Restructuring Costs Liability balance at June 30, 2022 $ 97 $ 3 $ 18 $ 118 Cash paid (7) (1) (1) (9) Reversal of unused amounts (2) — — (2) Foreign currency translation (5) — (1) (6) Liability balance at September 30, 2022 $ 83 $ 2 $ 16 $ 101

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	3 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Goodwill and Other Intangible Assets, Net	Goodwill and Other Intangible Assets, Net Goodwill Changes in the carrying amount of goodwill, excluding amounts classified as held for sale, attributable to each reportable segment were as follows: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2022 $ 4,307 $ 978 $ 5,285 Acquisitions 21 — 21 Foreign currency translation (62) (7) (69) Balance as of September 30, 2022 $ 4,266 $ 971 $ 5,237 Goodwill is not amortized but is tested for impairment annually in the fourth quarter of the fiscal year, or during interim periods if events or circumstances arise which indicate that goodwill may be impaired. Other Intangible Assets, Net Other intangible assets, net comprised the following: September 30, 2022 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,960 $ (556) $ 1,404 Computer software 231 (160) 71 Other (2) 319 (185) 134 Total other intangible assets $ 2,510 $ (901) $ 1,609 June 30, 2022 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,970 $ (529) $ 1,441 Computer software 235 (162) 73 Other (2) 323 (180) 143 Total other intangible assets $ 2,528 $ (871) $ 1,657 (1) Accumulated amortization and impairment included $32 million and $33 million for September 30, 2022 and June 30, 2022, respectively, of accumulated impairment in the Other category. (2) Other included $16 million for September 30, 2022 and June 30, 2022, respectively, of acquired intellectual property assets not yet being amortized as the related R&D projects have not yet been completed. Amortization expenses for intangible assets were $43 million and $45 million during the three months ended September 30, 2022 and 2021, respectively.

Fair Value Measurements

Fair Value Measurements	3 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Fair Value Measurements	Fair Value Measurements The fair values of the Company's financial assets and financial liabilities listed below reflect the amounts that would be received to sell the assets or paid to transfer the liabilities in an orderly transaction between market participants at the measurement date (exit price). The Company's non-derivative financial instruments primarily include cash and cash equivalents, trade receivables, trade payables, short-term debt, and long-term debt. As of September 30, 2022 and June 30, 2022, the carrying value of these financial instruments, excluding long-term debt, approximated fair value because of the short-term nature of these instruments. The carrying value of long-term debt with variable interest rates approximates its fair value. The fair value of the Company's long-term debt with fixed interest rates is based on market prices, if available, or expected future cash flows discounted at the current interest rate for financial liabilities with similar risk profiles. The carrying value and estimated fair value of long-term debt with fixed interest rates (including fixed-rate debt with designated receive-fixed/pay-variable interest rate swaps) were as follows: September 30, 2022 June 30, 2022 Carrying Value Fair Value Carrying Value Fair Value ($ in millions) (Level 2) (Level 2) Total long-term debt with fixed interest rates (excluding commercial paper and finance leases) $ 3,867 $ 3,517 $ 3,952 $ 3,694 Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis Additionally, the Company measures and records certain assets and liabilities, including derivative instruments and contingent purchase consideration liabilities, at fair value. The following table summarizes the fair value of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy: September 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ 1 $ — $ 1 Forward exchange contracts — 7 — 7 Total assets measured at fair value $ — $ 8 $ — $ 8 Liabilities Contingent purchase consideration liabilities $ — $ — $ 16 $ 16 Commodity contracts — 3 — 3 Forward exchange contracts — 21 — 21 Interest rate swaps — 102 — 102 Total liabilities measured at fair value $ — $ 126 $ 16 $ 142 June 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ 6 $ — $ 6 Forward exchange contracts — 7 — 7 Total assets measured at fair value $ — $ 13 $ — $ 13 Liabilities Contingent purchase consideration liabilities $ — $ — $ 16 $ 16 Commodity contracts — 3 — 3 Forward exchange contracts — 17 — 17 Interest rate swaps — 69 — 69 Total liabilities measured at fair value $ — $ 89 $ 16 $ 105 The fair value of the commodity contracts was determined using a discounted cash flow analysis based on the terms of the contracts and observed market forward prices discounted at a currency specific rate. Forward exchange contract fair values were determined based on quoted prices for similar assets and liabilities in active markets using inputs such as currency rates and forward points. The fair value of the interest rate swaps was determined using a discounted cash flow method based on market based swap yield curves, taking into account current interest rates. Contingent purchase consideration liabilities arise from business acquisitions. As of September 30, 2022, the Company's contingent purchase consideration liabilities consist of a $10 million liability that is contingent on future royalty income generated by Discma AG, a subsidiary acquired in March 2017, and a $6 million balance relating to consideration for small business acquisitions where payments are contingent on the Company vacating a certain property or performance criteria. The fair value of the contingent purchase consideration liabilities was determined for each arrangement individually. The fair value was determined using the income approach with significant inputs that are not observable in the market. Key assumptions include the discount rates consistent with the level of risk of achievement and probability adjusted financial projections. The expected outcomes are recorded at net present value, which requires adjustment over the life for changes in risks and probabilities. Changes arising from modifications in forecasts related to contingent consideration are expected to be immaterial. The fair value of contingent purchase consideration liabilities is included in other current liabilities and other non-current liabilities in the unaudited condensed consolidated balance sheets. Assets and Liabilities Measured and Recorded at Fair Value on a Nonrecurring Basis In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis. These nonrecurring fair value measurements are considered to be Level 3 in the fair value hierarchy. As further discussed in Note 3 -"Held for Sale," during the fourth quarter of fiscal year 2022, the Company met the criteria to recognize the Russian business as held for sale which resulted in the Company remeasuring the disposal group at its fair value, less cost to sell, which is considered a Level 3 fair value measurement. In the first quarter of fiscal year 2023, the Company has obtained indicative bids on which basis the expected fair value less costs to sell the Russian business has been updated, which did not result in a change to the previously recognized impairment. During the three months ended September 30, 2021, long-lived assets with a carrying value of $12 million were written down to a fair value of zero as the Company's Durban, South Africa, manufacturing facility was destroyed in a fire as the result of general civil unrest. In addition, other long-lived assets in South Africa, with a carrying amount of $8 million, were written down to their estimated fair value of $4 million using level 3 inputs. These expenses are included within other income/(expenses), net in the accompanying unaudited condensed consolidated statements of income. The Company tests indefinite-lived intangibles, including goodwill, for impairment when facts and circumstances indicate the carrying value may not be recoverable. These nonrecurring fair value measurements are considered to be Level 3 in the fair value hierarchy. During the three months ended September 30, 2022, and 2021, there were no indefinite-lived intangible impairment charges recorded.

Derivative Instruments

Derivative Instruments	3 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Derivative Instruments	Derivative Instruments The Company periodically uses derivatives and other financial instruments to hedge exposures to interest rate, commodity price, and currency risks. The Company does not hold or issue derivative instruments for speculative or trading purposes. For hedges that meet the hedge accounting criteria, the Company, at inception, formally designates and documents the instruments as a fair value hedge or a cash flow hedge of a specific underlying exposure. On an ongoing basis, the Company assesses and documents that its hedges have been and are expected to continue to be highly effective. Interest Rate Risk The Company's policy is to manage exposure to interest rate risk by maintaining a mixture of fixed-rate and variable-rate debt, monitoring global interest rates, and, where appropriate, hedging floating interest rate exposure or debt at fixed interest rates through various interest rate derivative instruments including, but not limited to, interest rate swaps, cross-currency interest rate swaps, and interest rate locks. For interest rate swaps that are accounted for as fair value hedges, the gains and losses related to the changes in the fair value of the interest rate swaps are included in interest expense and offset changes in the fair value of the hedged portion of the underlying debt that are attributable to the changes in market interest rates. Changes in the fair value of interest rate swaps that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statements of income in other non-operating income, net. As of September 30, 2022, and June 30, 2022, the total notional amount of the Company’s receive-fixed/pay-variable interest rate swaps accounted for as fair value hedges was $650 million. Foreign Currency Risk The Company manufactures and sells its products and finances operations in a number of countries throughout the world and, as a result, is exposed to movements in foreign currency exchange rates. The purpose of the Company's foreign currency hedging program is to manage the volatility associated with the changes in exchange rates. To manage this exchange rate risk, the Company utilizes forward contracts. Contracts that qualify for hedge accounting are designated as cash flow hedges of certain forecasted transactions denominated in foreign currencies. The effective portion of the changes in fair value of these instruments is reported in accumulated other comprehensive loss ("AOCI") and reclassified into earnings in the same financial statement line item and in the same period or periods during which the related hedged transactions affect earnings. The ineffective portion is recognized in earnings over the life of the hedging relationship in the same consolidated statements of income line item as the underlying hedged item. Changes in the fair value of forward contracts that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statements of income. As of September 30, 2022, and June 30, 2022, the notional amount of the outstanding forward contracts was $0.9 billion and $1.0 billion, respectively. Commodity Risk Certain raw materials used in the Company's production processes are subject to price volatility caused by weather, supply conditions, political and economic variables, and other unpredictable factors. The Company's policy is to minimize exposure to price volatility by passing through the commodity price risk to customers, including the use of fixed price swaps. The Company purchases on behalf of customers fixed price commodity swaps to offset the exposure of price volatility on the underlying sales contracts. These instruments are cash closed out on maturity and the related cost or benefit is passed through to customers. Information about commodity price exposure is derived from supply forecasts submitted by customers and these exposures are hedged by central treasury units. Changes in the fair value of commodity hedges are recognized in AOCI. The cumulative amount of the hedge is recognized in the unaudited condensed consolidated statements of income when the forecasted transaction is realized. The Company had the following outstanding commodity contracts to hedge forecasted purchases: September 30, 2022 June 30, 2022 Commodity Volume Volume Aluminum 20,873 tons 17,040 tons PET resin 11,857,680 lbs. 16,886,520 lbs. The following table provides the location of derivative instruments in the unaudited condensed consolidated balance sheets: ($ in millions) Balance Sheet Location September 30, 2022 June 30, 2022 Assets Derivatives in cash flow hedging relationships: Commodity contracts Other current assets $ 1 $ 6 Forward exchange contracts Other current assets 4 3 Forward exchange contracts Assets held for sale, net 2 3 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets 1 1 Total current derivative contracts 8 13 Total non-current derivative contracts — — Total derivative asset contracts $ 8 $ 13 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 3 $ 3 Forward exchange contracts Other current liabilities 8 5 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 11 11 Total current derivative contracts 22 19 Derivatives in cash flow hedging relationships: Forward exchange contracts Other non-current liabilities 2 1 Derivatives in fair value hedging relationships: Interest rate swaps Other non-current liabilities 102 69 Total non-current derivative contracts 104 70 Total derivative liability contracts $ 126 $ 89 Certain derivative financial instruments are subject to master netting arrangements and are eligible for offset. The Company has made an accounting policy election not to offset the fair values of these instruments within the unaudited condensed consolidated balance sheets. The following tables provide the effects of derivative instruments on AOCI and in the unaudited condensed consolidated statements of income: Location of Gain / (Loss) Reclassified from AOCI into Income (Effective Portion) Gain / (Loss) Reclassified from AOCI into Income (Effective Portion) Three Months Ended September 30, ($ in millions) 2022 2021 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ 2 $ 6 Treasury locks Interest expense (1) (1) Total $ 1 $ 5 Location of Loss Recognized in the Unaudited Condensed Consolidated Statements of Income Loss Recognized in Income for Derivatives Not Designated as Hedging Instruments Three Months Ended September 30, ($ in millions) 2022 2021 Derivatives not designated as hedging instruments Forward exchange contracts Other income/(expenses), net $ (15) $ (13) Total $ (15) $ (13) Location of Loss Recognized in the Unaudited Condensed Consolidated Statements of Income Loss Recognized in Income for Derivatives in Fair Value Hedging Relationships Three Months Ended September 30, ($ in millions) 2022 2021 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ (33) $ (4) Total $ (33) $ (4)

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost	3 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	Components of Net Periodic Benefit Cost Net periodic benefit cost for benefit plans included the following components: Three Months Ended September 30, ($ in millions) 2022 2021 Service cost $ 4 $ 6 Interest cost 12 11 Expected return on plan assets (14) (16) Amortization of actuarial loss 1 1 Amortization of prior service credit (1) (1) Net periodic benefit cost $ 2 $ 1 Service cost is included in operating income. All other components of net periodic benefit cost other than service cost are recorded within other non-operating income, net.

Income Taxes

Income Taxes	3 Months Ended
	Sep. 30, 2022
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for the three months ended September 30, 2022 and 2021 is based on the Company’s estimated annual effective tax rate for the respective fiscal years, and is applied on income before income taxes, and adjusted for specific items that are required to be recognized in the period in which they are incurred. The effective tax rate for the three months ended September 30, 2022 decreased by 3.8 percentage points compared to the three months ended September 30, 2021 from 23.7% to 19.9% primarily due to differences in the income mix, including higher and non-deductible expenses that did not recur in the current period, and differences in the magnitude of discrete events in both periods.

Shareholders' Equity

Shareholders' Equity	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity The changes in ordinary and treasury shares during the three months ended September 30, 2022 and 2021 were as follows: Ordinary Shares Treasury Shares (shares and $ in millions) Number of Shares Amount Number of Shares Amount Balance as of June 30, 2021 1,538 $ 15 3 $ (29) Share buy-back / cancellations (5) — Options exercised and shares vested (10) 110 Purchase of treasury shares 11 (131) Balance as of September 30, 2021 1,533 $ 15 4 $ (50) Balance as of June 30, 2022 1,489 $ 15 2 $ (18) Options exercised and shares vested (14) 171 Purchase of treasury shares 16 (202) Balance as of September 30, 2022 1,489 $ 15 4 $ (49) The changes in the components of accumulated other comprehensive loss during the three months ended September 30, 2022 and 2021 were as follows: Foreign Currency Translation Net Investment Hedge Pension Effective Derivatives Total Accumulated Other Comprehensive Loss ($ in millions) (Net of Tax) (Net of Tax) (Net of Tax) (Net of Tax) Balance as of June 30, 2021 $ (691) $ (13) $ (54) $ (8) $ (766) Other comprehensive income / (loss) before reclassifications (94) — — 2 (92) Amounts reclassified from accumulated other comprehensive loss — — — (4) (4) Net current period other comprehensive loss (94) — — (2) (96) Balance as of September 30, 2021 $ (785) $ (13) $ (54) $ (10) $ (862) Balance as of June 30, 2022 $ (892) $ (13) $ 40 $ (15) $ (880) Other comprehensive loss before reclassifications (161) — — (6) (167) Amounts reclassified from accumulated other comprehensive loss — — — (1) (1) Net current period other comprehensive loss (161) — — (7) (168) Balance as of September 30, 2022 $ (1,053) $ (13) $ 40 $ (22) $ (1,048) The following tables provide details of amounts reclassified from accumulated other comprehensive loss: Three Months Ended September 30, ($ in millions) 2022 2021 Amortization of pension: Amortization of prior service credit $ (1) $ (1) Amortization of actuarial loss 1 1 Total before tax effect — — Tax effect on amounts reclassified into earnings — — Total net of tax $ — $ — (Gains) / losses on cash flow hedges: Commodity contracts $ (2) $ (6) Treasury locks 1 1 Total before tax effect (1) (5) Tax effect on amounts reclassified into earnings — 1 Total net of tax $ (1) $ (4) Forward contracts to purchase own shares The Company's employee share plans require the delivery of shares to employees in the future when rights vest or vested options are exercised. The Company currently acquires shares on the open market to deliver shares to employees to satisfy vesting or exercising commitments. This exposes the Company to market price risk. To manage the market price risk, the Company has entered into forward contracts for the purchase of its ordinary shares. As of September 30, 2022, the Company had forward contracts outstanding that mature between March 2023 and May 2023 to purchase 11 million shares at a weighted average price of $12.45. As of June 30, 2022, the Company had forward contracts outstanding that mature between November 2022 and June 2023 to purchase 14 million shares at a weighted average price of $12.67. During the quarter ended September 30, 2022, forward contracts related to 9 million shares were settled, which were outstanding as of June 30, 2022. The forward contracts to purchase the Company's own shares are classified as a current liability. Equity is reduced by an amount equal to the fair value of the shares at inception. The carrying value of the forward contracts at each reporting period was determined based on the present value of the cost required to settle the contracts.

Segments

Segments	3 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Segments	Segments The Company's business is organized and presented in the two reportable segments outlined below: Flexibles: Consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. Rigid Packaging: Consists of operations that manufacture rigid containers for a broad range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items, and plastic caps for a wide variety of applications. Other consists of the Company's undistributed corporate expenses including executive and functional compensation costs, equity method and other investments, intercompany eliminations, and other business activities. The accounting policies of the reportable segments are the same as those in the unaudited condensed consolidated financial statements. The following table presents information about reportable segments: Three Months Ended September 30, ($ in millions) 2022 2021 Sales including intersegment sales Flexibles $ 2,779 $ 2,634 Rigid Packaging 933 786 Other — — Total sales including intersegment sales 3,712 3,420 Intersegment sales Flexibles — — Rigid Packaging — — Other — — Total intersegment sales — — Net sales $ 3,712 $ 3,420 Adjusted earnings before interest and taxes ("Adjusted EBIT") Flexibles $ 353 $ 339 Rigid Packaging 66 62 Other (27) (20) Adjusted EBIT 392 381 Less: Material restructuring programs (1) — (7) Add/(Less): Material acquisition costs and other (2) 1 (2) Less: Amortization of acquired intangible assets from business combinations (3) (40) (41) Less: Impact of hyperinflation (4) (8) (2) Less: Property and other losses, net (5) — (28) Less: Russia-Ukraine conflict impacts (6) (3) — Interest income 9 5 Interest expense (59) (40) Income before income taxes $ 292 $ 266 (1) Material restructuring programs includes restructuring and related expenses for the 2019 Bemis Integration Plan for the three months ended September 30, 2021. (2) Material acquisition costs and other includes costs / releases of accruals associated with the Bemis transaction. (3) Amortization of acquired intangible assets from business combinations includes amortization expenses related to all acquired intangible assets from past acquisitions. (4) Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso. (5) Property and other losses, net includes property and related business losses primarily associated with the destruction of the Company's Durban, South Africa, facility during general civil unrest in July 2021, net of insurance recovery. (6) Russia-Ukraine conflict impacts include incremental costs incurred in connection with the conflict. The following table disaggregates net sales, excluding intersegment sales, by geography in which the Company operates based on manufacturing or selling operations: Three Months Ended September 30, 2022 2021 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 1,106 $ 726 $ 1,832 $ 1,019 $ 629 $ 1,648 Latin America 285 207 492 256 157 413 Europe 955 — 955 938 — 938 Asia Pacific 433 — 433 421 — 421 Net sales $ 2,779 $ 933 $ 3,712 $ 2,634 $ 786 $ 3,420

Earnings Per Share Computations

Earnings Per Share Computations	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Earnings Per Share Computations	Earnings Per Share Computations The Company applies the two-class method when computing its earnings per share ("EPS"), which requires that net income per share for each class of share be calculated assuming all of the Company's net income is distributed as dividends to each class of share based on their contractual rights. Basic EPS is computed by dividing net income available to ordinary shareholders by the weighted-average number of ordinary shares outstanding after excluding the ordinary shares to be repurchased using forward contracts. Diluted EPS includes the effects of share options, restricted shares, performance rights, performance shares, and share rights, if dilutive. Three Months Ended September 30, (in millions, except per share amounts) 2022 2021 Numerator Net income attributable to Amcor plc $ 232 $ 202 Distributed and undistributed earnings attributable to shares to be repurchased (2) — Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 230 $ 202 Denominator Weighted-average ordinary shares outstanding 1,485 1,534 Weighted-average ordinary shares to be repurchased by Amcor plc (11) (4) Weighted-average ordinary shares outstanding for EPS—basic 1,474 1,530 Effect of dilutive shares 12 4 Weighted-average ordinary shares outstanding for EPS—diluted 1,486 1,534 Per ordinary share income Basic earnings per ordinary share $ 0.156 $ 0.131 Diluted earnings per ordinary share $ 0.155 $ 0.131 Certain outstanding share options were excluded from the diluted earnings per share calculation because they were anti-dilutive. The excluded share options for the three months ended September 30, 2022 and 2021 represented an aggregate of 9 million and 2 million shares, respectively.

Contingencies and Legal Proceed

Contingencies and Legal Proceedings	3 Months Ended
	Sep. 30, 2022
Commitments and Contingencies Disclosure [Abstract]
Contingencies and Legal Proceedings	Contingencies and Legal Proceedings Contingencies - Brazil The Company's operations in Brazil are involved in various governmental assessments and litigation, principally related to claims for excise and income taxes. The Company vigorously defends its positions and believes it will prevail on most, if not all, of these matters. The Company does not believe that the ultimate resolution of these matters will materially impact the Company's consolidated results of operations, financial position, or cash flows. Under customary local regulations, the Company's Brazilian subsidiaries may need to post cash or other collateral if a challenge to any administrative assessment proceeds to the Brazilian court system; however, the level of cash or collateral already pledged or potentially required to be pledged would not significantly impact the Company's liquidity. At September 30, 2022 and June 30, 2022, the Company had recorded accruals of $12 million, included in other non-current liabilities. The Company has estimated a reasonably possible loss exposure in excess of the accrual of $20 million at September 30, 2022 and June 30, 2022. The litigation process is subject to many uncertainties and the outcome of individual matters cannot be accurately predicted. The Company routinely assesses these matters as to the probability of ultimately incurring a liability and records the best estimate of the ultimate loss in situations where the likelihood of an ultimate loss is probable. The Company's assessments are based on its knowledge and experience, but the ultimate outcome of any of these matters may differ from the Company's estimates. As of September 30, 2022, the Company has provided letters of credit of $36 million, judicial insurance of $1 million, and deposited cash of $11 million with the courts to continue to defend the cases. Contingencies - Environmental Matters The Company, along with others, has been identified as a potentially responsible party ("PRP") at several waste disposal sites under U.S. federal and related state environmental statutes and regulations and may face potentially material environmental remediation obligations. While the Company benefits from various forms of insurance policies, actual coverage may not, or only partially, cover the total potential exposures. The Company has recorded $17 million aggregate accruals for its share of estimated future remediation costs at these sites. In addition to the matters described above, the Company has also recorded aggregate accruals of $40 million for potential liabilities for remediation obligations at various worldwide locations that are owned or operated by the Company, or were formerly owned or operated. The SEC requires the Company to disclose certain information about proceedings arising under federal, state, or local environmental provisions if the Company reasonably believes that such proceedings may result in monetary sanctions above a stated threshold. Pursuant to SEC regulations, the Company uses a threshold of $1 million or more for purposes of determining whether disclosure of any such proceedings is required. Applying this threshold, there are no environmental matters required to be disclosed for the three months ended September 30, 2022. While the Company believes that its accruals are adequate to cover its future obligations, there can be no assurance that the ultimate payments will not exceed the accrued amounts. Nevertheless, based on the available information, the Company does not believe that its potential environmental obligations will have a material adverse effect upon its liquidity, results of operations, or financial condition. Other Matters In the normal course of business, the Company is subject to legal proceedings, lawsuits, and other claims. While the potential financial impact with respect to these ordinary course matters is subject to many factors and uncertainties, management believes that any financial impact to the Company from these matters, individually and in the aggregate, would not have a material adverse effect upon its liquidity, results of operations, or financial condition.

Subsequent Events

Subsequent Events	3 Months Ended
	Sep. 30, 2022
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On November 1, 2022, the Company's Board of Directors declared a quarterly cash dividend of $0.1225 per share to be paid on December 13, 2022 to shareholders of record as of November 23, 2022. Amcor has received a waiver from the Australian Securities Exchange ("ASX") settlement operating rules, which will allow Amcor to defer processing conversions between ordinary share and CHESS Depositary Instrument ("CDI") registers from November 23, 2022 to November 24, 2022, inclusive. At the end of October 2022, the Company entered into interest rate swap contracts for a total notional amount of $1.25 billion. Under the terms of the contracts, the Company will pay a weighted-average fixed rate of interest of 4.53% and receive a variable rate of interest, based on compound overnight SOFR, for the period from November 2022 through June 2023, settled monthly. The Company expects that the interest rate swap contracts will effectively hedge the SOFR component for $1.25 billion of ongoing USD commercial paper issuances at 4.53%.

New Accounting Guidance (Polici

New Accounting Guidance (Policies)	3 Months Ended
	Sep. 30, 2022
Accounting Policies [Abstract]
Reclassifications	Certain amounts in the Company's notes to unaudited condensed consolidated financial statements may not add or recalculate due to rounding.
Recently Adopted Accounting Standards and Accounting Standards Not Yet Adopted	Recently Adopted Accounting Standards In November 2021, the Financial Accounting Standards Board ("FASB") issued Accounting Standards Update ("ASU") 2021-10, Government Assistance (Topic 832) that adds certain disclosure requirements for entities that receive government assistance. The standard is effective for annual periods beginning after December 15, 2021 with early adoption permitted. The Company adopted ASU 2021-10 on July 1, 2022, and the adoption did not have a material impact on the Company's condensed consolidated financial statements. ASU 2021-10 may have a material impact on the Company’s disclosures in the future, if government assistance provided to the Company were to become material. Accounting Standards Not Yet Adopted In September 2022, the FASB issued Accounting Standards Update ("ASU") 2022-04 that adds certain disclosure requirements for entities that use supplier finance programs in connection with the purchase of goods and services. The new standard's requirement to disclose the key terms of supplier finance programs is effective for all interim and annual periods beginning with the Company's fiscal year ending June 30, 2024. The new standard does not affect the recognition, measurement, or financial statement presentation of supplier finance program obligations. Early adoption is permitted. The Company is currently evaluating the impact that this new guidance may have on its consolidated financial statements. The Company considers the applicability and impact of all ASUs issued by the FASB. The Company determined at this time that all other ASUs not yet adopted are either not applicable or are expected to have a minimal impact on its results of operation, financial position, and disclosures.
Fair Value Measurements	Fair Value Measurements The fair values of the Company's financial assets and financial liabilities listed below reflect the amounts that would be received to sell the assets or paid to transfer the liabilities in an orderly transaction between market participants at the measurement date (exit price). The Company's non-derivative financial instruments primarily include cash and cash equivalents, trade receivables, trade payables, short-term debt, and long-term debt. As of September 30, 2022 and June 30, 2022, the carrying value of these financial instruments, excluding long-term debt, approximated fair value because of the short-term nature of these instruments. Contingent purchase consideration liabilities arise from business acquisitions. As of September 30, 2022, the Company's contingent purchase consideration liabilities consist of a $10 million liability that is contingent on future royalty income generated by Discma AG, a subsidiary acquired in March 2017, and a $6 million balance relating to consideration for small business acquisitions where payments are contingent on the Company vacating a certain property or performance criteria. The fair value of the contingent purchase consideration liabilities was determined for each arrangement individually. The fair value was determined using the income approach with significant inputs that are not observable in the market. Key assumptions include the discount rates consistent with the level of risk of achievement and probability adjusted financial projections. The expected outcomes are recorded at net present value, which requires adjustment over the life for changes in risks and probabilities. Changes arising from modifications in forecasts related to contingent consideration are expected to be immaterial. The fair value of contingent purchase consideration liabilities is included in other current liabilities and other non-current liabilities in the unaudited condensed consolidated balance sheets. Assets and Liabilities Measured and Recorded at Fair Value on a Nonrecurring Basis In addition to assets and liabilities that are recorded at fair value on a recurring basis, the Company records assets and liabilities at fair value on a nonrecurring basis. These nonrecurring fair value measurements are considered to be Level 3 in the fair value hierarchy. As further discussed in Note 3 -"Held for Sale," during the fourth quarter of fiscal year 2022, the Company met the criteria to recognize the Russian business as held for sale which resulted in the Company remeasuring the disposal group at its fair value, less cost to sell, which is considered a Level 3 fair value measurement. In the first quarter of fiscal year 2023, the Company has obtained indicative bids on which basis the expected fair value less costs to sell the Russian business has been updated, which did not result in a change to the previously recognized impairment. During the three months ended September 30, 2021, long-lived assets with a carrying value of $12 million were written down to a fair value of zero as the Company's Durban, South Africa, manufacturing facility was destroyed in a fire as the result of general civil unrest. In addition, other long-lived assets in South Africa, with a carrying amount of $8 million, were written down to their estimated fair value of $4 million using level 3 inputs. These expenses are included within other income/(expenses), net in the accompanying unaudited condensed consolidated statements of income. The Company tests indefinite-lived intangibles, including goodwill, for impairment when facts and circumstances indicate the carrying value may not be recoverable. These nonrecurring fair value measurements are considered to be Level 3 in the fair value hierarchy. During the three months ended September 30, 2022, and 2021, there were no indefinite-lived intangible impairment charges recorded.
Derivative Instruments	Derivative Instruments The Company periodically uses derivatives and other financial instruments to hedge exposures to interest rate, commodity price, and currency risks. The Company does not hold or issue derivative instruments for speculative or trading purposes. For hedges that meet the hedge accounting criteria, the Company, at inception, formally designates and documents the instruments as a fair value hedge or a cash flow hedge of a specific underlying exposure. On an ongoing basis, the Company assesses and documents that its hedges have been and are expected to continue to be highly effective. Interest Rate Risk The Company's policy is to manage exposure to interest rate risk by maintaining a mixture of fixed-rate and variable-rate debt, monitoring global interest rates, and, where appropriate, hedging floating interest rate exposure or debt at fixed interest rates through various interest rate derivative instruments including, but not limited to, interest rate swaps, cross-currency interest rate swaps, and interest rate locks. For interest rate swaps that are accounted for as fair value hedges, the gains and losses related to the changes in the fair value of the interest rate swaps are included in interest expense and offset changes in the fair value of the hedged portion of the underlying debt that are attributable to the changes in market interest rates. Changes in the fair value of interest rate swaps that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statements of income in other non-operating income, net. Foreign Currency Risk The Company manufactures and sells its products and finances operations in a number of countries throughout the world and, as a result, is exposed to movements in foreign currency exchange rates. The purpose of the Company's foreign currency hedging program is to manage the volatility associated with the changes in exchange rates. To manage this exchange rate risk, the Company utilizes forward contracts. Contracts that qualify for hedge accounting are designated as cash flow hedges of certain forecasted transactions denominated in foreign currencies. The effective portion of the changes in fair value of these instruments is reported in accumulated other comprehensive loss ("AOCI") and reclassified into earnings in the same financial statement line item and in the same period or periods during which the related hedged transactions affect earnings. The ineffective portion is recognized in earnings over the life of the hedging relationship in the same consolidated statements of income line item as the underlying hedged item. Changes in the fair value of forward contracts that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statements of income. Commodity Risk Certain raw materials used in the Company's production processes are subject to price volatility caused by weather, supply conditions, political and economic variables, and other unpredictable factors. The Company's policy is to minimize exposure to price volatility by passing through the commodity price risk to customers, including the use of fixed price swaps. The Company purchases on behalf of customers fixed price commodity swaps to offset the exposure of price volatility on the underlying sales contracts. These instruments are cash closed out on maturity and the related cost or benefit is passed through to customers. Information about commodity price exposure is derived from supply forecasts submitted by customers and these exposures are hedged by central treasury units. Changes in the fair value of commodity hedges are recognized in AOCI. The cumulative amount of the hedge is recognized in the unaudited condensed consolidated statements of income when the forecasted transaction is realized.
Components of Net Periodic Costs	Service cost is included in operating income. All other components of net periodic benefit cost other than service cost are recorded within other non-operating income, net
Income Taxes	Income Taxes The provision for income taxes for the three months ended September 30, 2022 and 2021 is based on the Company’s estimated annual effective tax rate for the respective fiscal years, and is applied on income before income taxes, and adjusted for specific items that are required to be recognized in the period in which they are incurred. The effective tax rate for the three months ended September 30, 2022 decreased by 3.8 percentage points compared to the three months ended September 30, 2021 from 23.7% to 19.9% primarily due to differences in the income mix, including higher and non-deductible expenses that did not recur in the current period, and differences in the magnitude of discrete events in both periods.
Segments	Segments The Company's business is organized and presented in the two reportable segments outlined below: Flexibles: Consists of operations that manufacture flexible and film packaging in the food and beverage, medical and pharmaceutical, fresh produce, snack food, personal care, and other industries. Rigid Packaging: Consists of operations that manufacture rigid containers for a broad range of predominantly beverage and food products, including carbonated soft drinks, water, juices, sports drinks, milk-based beverages, spirits and beer, sauces, dressings, spreads and personal care items, and plastic caps for a wide variety of applications. Other consists of the Company's undistributed corporate expenses including executive and functional compensation costs, equity method and other investments, intercompany eliminations, and other business activities.

Held for Sale (Tables)

Held for Sale (Tables)	3 Months Ended
	Sep. 30, 2022
Discontinued Operations and Disposal Groups [Abstract]
Major classes of assets and liabilities held for sale	Major classes of assets and liabilities of the Russian business classified as held for sale were as follows: ($ in millions) September 30, 2022 June 30, 2022 Cash and cash equivalents $ 49 $ 75 Trade receivables, net 79 66 Inventories, net 37 40 Prepaid expenses and other current assets 26 36 Property, plant, and equipment, net 47 49 Goodwill 16 16 Total assets held for sale 254 282 Less accumulated impairment (1) (90) (90) Total assets held for sale, net $ 164 $ 192 Trade payables 37 65 Total current liabilities held for sale $ 37 $ 65 (1) Inclusive of accumulated other comprehensive loss related to the Russian business.

Restructuring (Tables)

Restructuring (Tables)	3 Months Ended
	Sep. 30, 2022
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Plan Liability	An analysis of the Company's restructuring plan liability is as follows: ($ in millions) Employee Costs Fixed Asset Related Costs Other Costs Total Restructuring Costs Liability balance at June 30, 2022 $ 97 $ 3 $ 18 $ 118 Cash paid (7) (1) (1) (9) Reversal of unused amounts (2) — — (2) Foreign currency translation (5) — (1) (6) Liability balance at September 30, 2022 $ 83 $ 2 $ 16 $ 101

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	3 Months Ended
	Sep. 30, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill, excluding amounts classified as held for sale, attributable to each reportable segment were as follows: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2022 $ 4,307 $ 978 $ 5,285 Acquisitions 21 — 21 Foreign currency translation (62) (7) (69) Balance as of September 30, 2022 $ 4,266 $ 971 $ 5,237
Schedule of Components of Intangible Assets	Other intangible assets, net comprised the following: September 30, 2022 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,960 $ (556) $ 1,404 Computer software 231 (160) 71 Other (2) 319 (185) 134 Total other intangible assets $ 2,510 $ (901) $ 1,609 June 30, 2022 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,970 $ (529) $ 1,441 Computer software 235 (162) 73 Other (2) 323 (180) 143 Total other intangible assets $ 2,528 $ (871) $ 1,657 (1) Accumulated amortization and impairment included $32 million and $33 million for September 30, 2022 and June 30, 2022, respectively, of accumulated impairment in the Other category. (2) Other included $16 million for September 30, 2022 and June 30, 2022, respectively, of acquired intellectual property assets not yet being amortized as the related R&D projects have not yet been completed.

Fair Value Measurements (Tables

Fair Value Measurements (Tables)	3 Months Ended
	Sep. 30, 2022
Fair Value Disclosures [Abstract]
Schedule of Carrying Value and Estimated Fair Value of Long-term Debt	September 30, 2022 June 30, 2022 Carrying Value Fair Value Carrying Value Fair Value ($ in millions) (Level 2) (Level 2) Total long-term debt with fixed interest rates (excluding commercial paper and finance leases) $ 3,867 $ 3,517 $ 3,952 $ 3,694
Schedule of Fair Value of Instruments Measured on Recurring Basis	September 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ 1 $ — $ 1 Forward exchange contracts — 7 — 7 Total assets measured at fair value $ — $ 8 $ — $ 8 Liabilities Contingent purchase consideration liabilities $ — $ — $ 16 $ 16 Commodity contracts — 3 — 3 Forward exchange contracts — 21 — 21 Interest rate swaps — 102 — 102 Total liabilities measured at fair value $ — $ 126 $ 16 $ 142 June 30, 2022 ($ in millions) Level 1 Level 2 Level 3 Total Assets Commodity contracts $ — $ 6 $ — $ 6 Forward exchange contracts — 7 — 7 Total assets measured at fair value $ — $ 13 $ — $ 13 Liabilities Contingent purchase consideration liabilities $ — $ — $ 16 $ 16 Commodity contracts — 3 — 3 Forward exchange contracts — 17 — 17 Interest rate swaps — 69 — 69 Total liabilities measured at fair value $ — $ 89 $ 16 $ 105

Derivative Instruments (Tables)

Derivative Instruments (Tables)	3 Months Ended
	Sep. 30, 2022
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Commodity Contracts	The Company had the following outstanding commodity contracts to hedge forecasted purchases: September 30, 2022 June 30, 2022 Commodity Volume Volume Aluminum 20,873 tons 17,040 tons PET resin 11,857,680 lbs. 16,886,520 lbs.
Schedule of Derivative Liabilities at Fair Value	The following table provides the location of derivative instruments in the unaudited condensed consolidated balance sheets: ($ in millions) Balance Sheet Location September 30, 2022 June 30, 2022 Assets Derivatives in cash flow hedging relationships: Commodity contracts Other current assets $ 1 $ 6 Forward exchange contracts Other current assets 4 3 Forward exchange contracts Assets held for sale, net 2 3 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets 1 1 Total current derivative contracts 8 13 Total non-current derivative contracts — — Total derivative asset contracts $ 8 $ 13 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 3 $ 3 Forward exchange contracts Other current liabilities 8 5 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 11 11 Total current derivative contracts 22 19 Derivatives in cash flow hedging relationships: Forward exchange contracts Other non-current liabilities 2 1 Derivatives in fair value hedging relationships: Interest rate swaps Other non-current liabilities 102 69 Total non-current derivative contracts 104 70 Total derivative liability contracts $ 126 $ 89
Schedule of Cash Flow Hedges Included in Accumulated Other Comprehensive Income (Loss)	The following tables provide the effects of derivative instruments on AOCI and in the unaudited condensed consolidated statements of income: Location of Gain / (Loss) Reclassified from AOCI into Income (Effective Portion) Gain / (Loss) Reclassified from AOCI into Income (Effective Portion) Three Months Ended September 30, ($ in millions) 2022 2021 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ 2 $ 6 Treasury locks Interest expense (1) (1) Total $ 1 $ 5
Schedule of Derivatives Not Designated as Hedging Instruments	Location of Loss Recognized in the Unaudited Condensed Consolidated Statements of Income Loss Recognized in Income for Derivatives Not Designated as Hedging Instruments Three Months Ended September 30, ($ in millions) 2022 2021 Derivatives not designated as hedging instruments Forward exchange contracts Other income/(expenses), net $ (15) $ (13) Total $ (15) $ (13)
Schedule of Fair Value Hedging Instruments In Condensed Consolidated Statement of Income	Location of Loss Recognized in the Unaudited Condensed Consolidated Statements of Income Loss Recognized in Income for Derivatives in Fair Value Hedging Relationships Three Months Ended September 30, ($ in millions) 2022 2021 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ (33) $ (4) Total $ (33) $ (4)

Components of Net Periodic Be_2

Components of Net Periodic Benefit Cost (Tables)	3 Months Ended
	Sep. 30, 2022
Retirement Benefits [Abstract]
Schedule of Components of Net Benefit Costs	Net periodic benefit cost for benefit plans included the following components: Three Months Ended September 30, ($ in millions) 2022 2021 Service cost $ 4 $ 6 Interest cost 12 11 Expected return on plan assets (14) (16) Amortization of actuarial loss 1 1 Amortization of prior service credit (1) (1) Net periodic benefit cost $ 2 $ 1

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	3 Months Ended
	Sep. 30, 2022
Equity [Abstract]
Schedule of Changes in Ordinary and Treasury Shares	The changes in ordinary and treasury shares during the three months ended September 30, 2022 and 2021 were as follows: Ordinary Shares Treasury Shares (shares and $ in millions) Number of Shares Amount Number of Shares Amount Balance as of June 30, 2021 1,538 $ 15 3 $ (29) Share buy-back / cancellations (5) — Options exercised and shares vested (10) 110 Purchase of treasury shares 11 (131) Balance as of September 30, 2021 1,533 $ 15 4 $ (50) Balance as of June 30, 2022 1,489 $ 15 2 $ (18) Options exercised and shares vested (14) 171 Purchase of treasury shares 16 (202) Balance as of September 30, 2022 1,489 $ 15 4 $ (49)
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in the components of accumulated other comprehensive loss during the three months ended September 30, 2022 and 2021 were as follows: Foreign Currency Translation Net Investment Hedge Pension Effective Derivatives Total Accumulated Other Comprehensive Loss ($ in millions) (Net of Tax) (Net of Tax) (Net of Tax) (Net of Tax) Balance as of June 30, 2021 $ (691) $ (13) $ (54) $ (8) $ (766) Other comprehensive income / (loss) before reclassifications (94) — — 2 (92) Amounts reclassified from accumulated other comprehensive loss — — — (4) (4) Net current period other comprehensive loss (94) — — (2) (96) Balance as of September 30, 2021 $ (785) $ (13) $ (54) $ (10) $ (862) Balance as of June 30, 2022 $ (892) $ (13) $ 40 $ (15) $ (880) Other comprehensive loss before reclassifications (161) — — (6) (167) Amounts reclassified from accumulated other comprehensive loss — — — (1) (1) Net current period other comprehensive loss (161) — — (7) (168) Balance as of September 30, 2022 $ (1,053) $ (13) $ 40 $ (22) $ (1,048)
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	The following tables provide details of amounts reclassified from accumulated other comprehensive loss: Three Months Ended September 30, ($ in millions) 2022 2021 Amortization of pension: Amortization of prior service credit $ (1) $ (1) Amortization of actuarial loss 1 1 Total before tax effect — — Tax effect on amounts reclassified into earnings — — Total net of tax $ — $ — (Gains) / losses on cash flow hedges: Commodity contracts $ (2) $ (6) Treasury locks 1 1 Total before tax effect (1) (5) Tax effect on amounts reclassified into earnings — 1 Total net of tax $ (1) $ (4)

Segments (Tables)

Segments (Tables)	3 Months Ended
	Sep. 30, 2022
Segment Reporting [Abstract]
Schedule of Information About Reportable Segments	The following table presents information about reportable segments: Three Months Ended September 30, ($ in millions) 2022 2021 Sales including intersegment sales Flexibles $ 2,779 $ 2,634 Rigid Packaging 933 786 Other — — Total sales including intersegment sales 3,712 3,420 Intersegment sales Flexibles — — Rigid Packaging — — Other — — Total intersegment sales — — Net sales $ 3,712 $ 3,420 Adjusted earnings before interest and taxes ("Adjusted EBIT") Flexibles $ 353 $ 339 Rigid Packaging 66 62 Other (27) (20) Adjusted EBIT 392 381 Less: Material restructuring programs (1) — (7) Add/(Less): Material acquisition costs and other (2) 1 (2) Less: Amortization of acquired intangible assets from business combinations (3) (40) (41) Less: Impact of hyperinflation (4) (8) (2) Less: Property and other losses, net (5) — (28) Less: Russia-Ukraine conflict impacts (6) (3) — Interest income 9 5 Interest expense (59) (40) Income before income taxes $ 292 $ 266 (1) Material restructuring programs includes restructuring and related expenses for the 2019 Bemis Integration Plan for the three months ended September 30, 2021. (2) Material acquisition costs and other includes costs / releases of accruals associated with the Bemis transaction. (3) Amortization of acquired intangible assets from business combinations includes amortization expenses related to all acquired intangible assets from past acquisitions. (4) Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso. (5) Property and other losses, net includes property and related business losses primarily associated with the destruction of the Company's Durban, South Africa, facility during general civil unrest in July 2021, net of insurance recovery. (6) Russia-Ukraine conflict impacts include incremental costs incurred in connection with the conflict.
Schedule of Disaggregation of Revenue by Segments	The following table disaggregates net sales, excluding intersegment sales, by geography in which the Company operates based on manufacturing or selling operations: Three Months Ended September 30, 2022 2021 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 1,106 $ 726 $ 1,832 $ 1,019 $ 629 $ 1,648 Latin America 285 207 492 256 157 413 Europe 955 — 955 938 — 938 Asia Pacific 433 — 433 421 — 421 Net sales $ 2,779 $ 933 $ 3,712 $ 2,634 $ 786 $ 3,420

Earnings Per Share Computatio_2

Earnings Per Share Computations (Tables)	3 Months Ended
	Sep. 30, 2022
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Computations	Three Months Ended September 30, (in millions, except per share amounts) 2022 2021 Numerator Net income attributable to Amcor plc $ 232 $ 202 Distributed and undistributed earnings attributable to shares to be repurchased (2) — Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 230 $ 202 Denominator Weighted-average ordinary shares outstanding 1,485 1,534 Weighted-average ordinary shares to be repurchased by Amcor plc (11) (4) Weighted-average ordinary shares outstanding for EPS—basic 1,474 1,530 Effect of dilutive shares 12 4 Weighted-average ordinary shares outstanding for EPS—diluted 1,486 1,534 Per ordinary share income Basic earnings per ordinary share $ 0.156 $ 0.131 Diluted earnings per ordinary share $ 0.155 $ 0.131

Held for Sale (Details)

Held for Sale (Details) - USD ($) $ in Millions		3 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Less accumulated impairment		$ (90)
RUSSIAN FEDERATION
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 49	75
Trade receivables, net	79	66
Inventories, net	37	40
Prepaid expenses and other current assets	26	36
Property, plant, and equipment, net	47	49
Goodwill	16	16
Total assets held for sale	254	282
Less accumulated impairment	(90)	(90)
Assets held for sale, net	164	192
Accounts Payable	37	65
Liabilities held for sale	$ 37	$ 65

Acquisitions (Details)

Acquisitions (Details) - USD ($) $ in Millions		3 Months Ended
	Aug. 01, 2022	Sep. 30, 2022
Business Combination Segment Allocation [Line Items]
Acquisitions		$ 21
DGPack s.r.o.
Business Combination Segment Allocation [Line Items]
Business combination, consideration transferred	$ 60
Business combination, consideration deferred	6
Business combination, recognized identifiable assets acquired and liabilities assumed, net	39
Acquisitions	$ 21

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Restructuring and Related Activities [Abstract]
Restructuring and related expenses, net	$ (1)	$ (8)

Restructuring - Restructuring P

Restructuring - Restructuring Plan Liability (Details) $ in Millions	3 Months Ended
	Sep. 30, 2022 USD ($)
Restructuring Cost and Reserve [Line Items]
Liability balance at June 30, 2022	$ 118
Cash paid	(9)
Reversal of unused amounts	(2)
Foreign currency translation	(6)
Liability balance at September 30, 2022	101
Employee Costs
Restructuring Cost and Reserve [Line Items]
Liability balance at June 30, 2022	97
Cash paid	(7)
Reversal of unused amounts	(2)
Foreign currency translation	(5)
Liability balance at September 30, 2022	83
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Liability balance at June 30, 2022	3
Cash paid	(1)
Reversal of unused amounts	0
Foreign currency translation	0
Liability balance at September 30, 2022	2
Other Costs
Restructuring Cost and Reserve [Line Items]
Liability balance at June 30, 2022	18
Cash paid	(1)
Reversal of unused amounts	0
Foreign currency translation	(1)
Liability balance at September 30, 2022	$ 16

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 43	$ 45

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Changes in Carrying Amount of Goodwill (Details) $ in Millions	3 Months Ended
	Sep. 30, 2022 USD ($)
Goodwill [Line Items]
Balance as of June 30, 2022	$ 5,285
Acquisitions	21
Foreign currency translation	(69)
Balance as of September 30, 2022	5,237
Flexibles
Goodwill [Line Items]
Balance as of June 30, 2022	4,307
Acquisitions	21
Foreign currency translation	(62)
Balance as of September 30, 2022	4,266
Rigid Packaging
Goodwill [Line Items]
Balance as of June 30, 2022	978
Acquisitions	0
Foreign currency translation	(7)
Balance as of September 30, 2022	$ 971

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, Net - Components of Intangible Assets (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,510	$ 2,528
Accumulated Amortization and Impairment (1)	(901)	(871)
Net Carrying Amount	1,609	1,657
Finite-lived intangible assets, accumulated impairment loss	32	33
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,960	1,970
Accumulated Amortization and Impairment (1)	(556)	(529)
Net Carrying Amount	1,404	1,441
Computer software
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	231	235
Accumulated Amortization and Impairment (1)	(160)	(162)
Net Carrying Amount	71	73
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	319	323
Accumulated Amortization and Impairment (1)	(185)	(180)
Net Carrying Amount	134	143
Intellectual Property
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 16	$ 16

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Value and Fair Value of Long-Term Debt (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total long-term debt with fixed interest rates (excluding commercial paper and finance leases)	$ 3,867	$ 3,952
Level 2
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total long-term debt with fixed interest rates (excluding commercial paper and finance leases)	$ 3,517	$ 3,694

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 8	$ 13
Derivative liabilities	126	89
Level 1 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Contingent purchase consideration liabilities	0	0
Derivative liabilities	0	0
Level 1 | Commodity contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Level 1 | Forward exchange contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Level 1 | Interest rate swaps | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	0	0
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	8	13
Contingent purchase consideration liabilities	0	0
Derivative liabilities	126	89
Level 2 | Commodity contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1	6
Derivative liabilities	3	3
Level 2 | Forward exchange contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	7	7
Derivative liabilities	21	17
Level 2 | Interest rate swaps | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	102	69
Level 3 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Contingent purchase consideration liabilities	16	16
Derivative liabilities	16	16
Level 3 | Commodity contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Level 3 | Forward exchange contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Derivative liabilities	0	0
Level 3 | Interest rate swaps | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	0	0
Total | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	8	13
Contingent purchase consideration liabilities	16	16
Derivative liabilities	142	105
Total | Commodity contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	1	6
Derivative liabilities	3	3
Total | Forward exchange contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	7	7
Derivative liabilities	21	17
Total | Interest rate swaps | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	$ 102	$ 69

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Technology intangible impairment charges	$ 0	$ 0
SOUTH AFRICA | Durban Manufacturing Facility
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	12,000,000
SOUTH AFRICA | Durban Manufacturing Facility | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Property, Plant, and Equipment, Fair Value Disclosure	0
SOUTH AFRICA | Other Long-lived Assets
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Impaired Assets to be Disposed of by Method Other than Sale, Carrying Value of Asset	8,000,000
SOUTH AFRICA | Other Long-lived Assets | Level 3
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Other Assets, Fair Value Disclosure	4,000,000
Discma AG [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent purchase consideration liabilities	10,000,000
Non-Core Other [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent purchase consideration liabilities	$ 6,000,000

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Billions	Sep. 30, 2022	Jun. 30, 2022
Forward exchange contracts
Derivative [Line Items]
Derivative, Notional Amount	$ 0.9	$ 1

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Commodity Contracts (Details)	Sep. 30, 2022 T lb	Jun. 30, 2022 lb T
Aluminum
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | T	20,873	17,040
PET resin
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | lb	11,857,680	16,886,520

Derivative Instruments - Financ

Derivative Instruments - Financial Statement Location (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Derivatives, Fair Value [Line Items]
Derivative Asset, Current	$ 8	$ 13
Derivative Asset, Noncurrent	0	0
Derivative asset	8	13
Derivative Liability, Current	22	19
Derivative Liability, Noncurrent	104	70
Derivative liabilities	$ 126	$ 89
Forward exchange contracts | Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Derivative Asset, Current	$ 1	$ 1
Derivative Liability, Current	$ 11	$ 11
Cash flow hedging | Commodity contracts
Derivatives, Fair Value [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Derivative Asset, Current	$ 1	$ 6
Derivative Liability, Current	$ 3	$ 3
Cash flow hedging | Forward exchange contracts
Derivatives, Fair Value [Line Items]
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Other current liabilities	Other current liabilities
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities
Derivative Asset, Current	$ 4	$ 3
Derivative Liability, Current	8	5
Derivative Liability, Noncurrent	$ 2	$ 1
Cash flow hedging | Forward exchange contracts | Assets held for sale, net
Derivatives, Fair Value [Line Items]
Derivative Asset, Statement of Financial Position [Extensible Enumeration]	Assets held for sale, net	Assets held for sale, net
Derivative Asset, Current	$ 2	$ 3
Fair value hedging | Interest rate swaps
Derivatives, Fair Value [Line Items]
Derivative Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration]	Other non-current liabilities	Other non-current liabilities
Derivative Liability, Noncurrent	$ 102	$ 69

Derivative Instruments - Effect

Derivative Instruments - Effects of Derivatives on AOCI and Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Cash flow hedging
Derivative [Line Items]
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ 1	$ 5
Cash flow hedging | Commodity contracts
Derivative [Line Items]
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Cost of Goods and Services Sold
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ 2	6
Cash flow hedging | Treasury locks
Derivative [Line Items]
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ (1)	(1)
Fair value hedging
Derivative [Line Items]
Loss Recognized in Income for Derivatives in Fair Value Hedging Relationships	(33)	(4)
Not designated as hedging instrument
Derivative [Line Items]
Loss Recognized in Income for Derivatives Not Designated as Hedging Instruments	$ (15)	$ (13)

Components of Net Periodic Be_3

Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Retirement Benefits [Abstract]
Service cost	$ 4	$ 6
Interest cost	12	11
Expected return on plan assets	(14)	(16)
Amortization of actuarial loss	1	1
Amortization of prior service credit	(1)	(1)
Net periodic benefit cost	$ 2	$ 1

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Income Tax Disclosure [Abstract]
Increase in effective tax rate	(3.80%)
Effective tax rate	19.90%	23.70%

Shareholders' Equity - Changes

Shareholders' Equity - Changes in Ordinary and Treasury Shares (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Beginning Balance	$ 4,141	$ 4,821
Share buyback / cancellations		(64)
Purchase of treasury shares	(202)	(131)
Ending Balance	$ 3,976	$ 4,705
Ordinary Shares
Beginning Balance (shares)	1,489	1,538
Beginning Balance	$ 15	$ 15
Share buyback / cancellations		(5)
Share buyback / cancellations		$ 0
Ending Balance (shares)	1,489	1,533
Ending Balance	$ 15	$ 15
Treasury Shares
Beginning Balance (shares)	2	3
Beginning Balance	$ (18)	$ (29)
Options exercised and shares vested	(14)	(10)
Options exercised and shares vested	$ 171	$ 110
Purchase of treasury shares	16	11
Purchase of treasury shares	$ (202)	$ (131)
Ending Balance (shares)	4	4
Ending Balance	$ (49)	$ (50)

Shareholders' Equity - Componen

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	$ (880)
Accumulated other comprehensive income (loss), ending balance	(1,048)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(892)	$ (691)
Other comprehensive income / (loss) before reclassifications	(161)	(94)
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive loss	(161)	(94)
Accumulated other comprehensive income (loss), ending balance	(1,053)	(785)
Net Investment Hedge
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(13)	(13)
Other comprehensive income / (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive loss	0	0
Accumulated other comprehensive income (loss), ending balance	(13)	(13)
Pension
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	40	(54)
Other comprehensive income / (loss) before reclassifications	0	0
Amounts reclassified from accumulated other comprehensive loss	0	0
Net current period other comprehensive loss	0	0
Accumulated other comprehensive income (loss), ending balance	40	(54)
Effective Derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(15)	(8)
Other comprehensive income / (loss) before reclassifications	(6)	2
Amounts reclassified from accumulated other comprehensive loss	(1)	(4)
Net current period other comprehensive loss	(7)	(2)
Accumulated other comprehensive income (loss), ending balance	(22)	(10)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(880)	(766)
Other comprehensive income / (loss) before reclassifications	(167)	(92)
Amounts reclassified from accumulated other comprehensive loss	(1)	(4)
Net current period other comprehensive loss	(168)	(96)
Accumulated other comprehensive income (loss), ending balance	$ (1,048)	$ (862)

Shareholders' Equity - Amounts

Shareholders' Equity - Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating income, net	$ 0	$ 5
Cost of Goods and Services Sold	3,044	2,770
Total before tax effect	292	266
Income tax expense	(58)	(63)
Net income attributable to Amcor plc	232	202
Fair value hedging
Accumulated Other Comprehensive Income (Loss) [Line Items]
Loss Recognized in Income for Derivatives in Fair Value Hedging Relationships	(33)	(4)
Not designated as hedging instrument
Accumulated Other Comprehensive Income (Loss) [Line Items]
Loss Recognized in Income for Derivatives Not Designated as Hedging Instruments	(15)	(13)
Forward exchange contracts | Not designated as hedging instrument | Other income/(expenses), net
Accumulated Other Comprehensive Income (Loss) [Line Items]
Loss Recognized in Income for Derivatives Not Designated as Hedging Instruments	(15)	(13)
Interest rate swaps | Interest expense | Fair value hedging
Accumulated Other Comprehensive Income (Loss) [Line Items]
Loss Recognized in Income for Derivatives in Fair Value Hedging Relationships	(33)	(4)
Reclassification out of AOCI | Amortization of prior service credit
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating income, net	(1)	(1)
Reclassification out of AOCI | Amortization of actuarial loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Other non-operating income, net	1	1
Reclassification out of AOCI | Accumulated Defined Benefit Plans Adjustments
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax effect	0	0
Income tax expense	0	0
Net income attributable to Amcor plc	0	0
Reclassification out of AOCI | (Gains) losses on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax effect	(1)	(5)
Income tax expense	0	1
Net income attributable to Amcor plc	(1)	(4)
Reclassification out of AOCI | (Gains) losses on cash flow hedges | Commodity contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of Goods and Services Sold	(2)	(6)
Reclassification out of AOCI | (Gains) losses on cash flow hedges | Treasury locks
Accumulated Other Comprehensive Income (Loss) [Line Items]
Cost of Goods and Services Sold	$ 1	$ 1

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - $ / shares shares in Millions	3 Months Ended	12 Months Ended
	Sep. 30, 2022	Jun. 30, 2022
Equity [Abstract]
Forward contract indexed to issuer's equity, indexed shares	11	14
Forward contract indexed to issuer's equity, forward rate per share	$ 12.45	$ 12.67

Segments - Narrative (Details)

Segments - Narrative (Details)	3 Months Ended
	Sep. 30, 2022 segment
Segment Reporting [Abstract]
Number of Reportable Segments	2
Number of Operating Segments	2

Segments - Reportable Segment S

Segments - Reportable Segment Summary Information (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Segment Reporting Information [Line Items]
Net sales	$ 3,712	$ 3,420
Adjusted earnings before interest and taxes ("Adjusted EBIT")	392	381
Material Restructuring Programs	0	(7)
Material Acquisition Costs and Other	1	(2)
Amortization of Acquired Intangible Assets in Business Combinations	(40)	(41)
Impact of Hyperinflation	(8)	(2)
Property and other losses, net	0	(28)
Russia-Ukraine conflict impacts	(3)	0
Interest income	9	5
Interest expense	(59)	(40)
Flexibles
Segment Reporting Information [Line Items]
Net sales	2,779	2,634
Adjusted earnings before interest and taxes ("Adjusted EBIT")	353	339
Rigid Packaging
Segment Reporting Information [Line Items]
Net sales	933	786
Adjusted earnings before interest and taxes ("Adjusted EBIT")	66	62
Other
Segment Reporting Information [Line Items]
Adjusted earnings before interest and taxes ("Adjusted EBIT")	(27)	(20)
Reportable segments
Segment Reporting Information [Line Items]
Net sales	3,712	3,420
Reportable segments | Flexibles
Segment Reporting Information [Line Items]
Net sales	2,779	2,634
Reportable segments | Rigid Packaging
Segment Reporting Information [Line Items]
Net sales	933	786
Reportable segments | Other
Segment Reporting Information [Line Items]
Net sales	0	0
Intersegment eliminations
Segment Reporting Information [Line Items]
Net sales	0	0
Intersegment eliminations | Flexibles
Segment Reporting Information [Line Items]
Net sales	0	0
Intersegment eliminations | Rigid Packaging
Segment Reporting Information [Line Items]
Net sales	0	0
Intersegment eliminations | Other
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 0

Segments - Segment Disaggregati

Segments - Segment Disaggregation of Sales (Details) - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Disaggregation of Revenue [Line Items]
Net sales	$ 3,712	$ 3,420
Flexibles
Disaggregation of Revenue [Line Items]
Net sales	2,779	2,634
Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	933	786
North America
Disaggregation of Revenue [Line Items]
Net sales	1,832	1,648
North America | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	1,106	1,019
North America | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	726	629
Latin America
Disaggregation of Revenue [Line Items]
Net sales	492	413
Latin America | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	285	256
Latin America | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	207	157
Europe
Disaggregation of Revenue [Line Items]
Net sales	955	938
Europe | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	955	938
Europe | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	0	0
Asia Pacific
Disaggregation of Revenue [Line Items]
Net sales	433	421
Asia Pacific | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	433	421
Asia Pacific | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	$ 0	$ 0

Earnings Per Share Computatio_3

Earnings Per Share Computations (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Amcor plc	$ 232	$ 202
Distributed and undistributed earnings attributable to shares to be repurchased	(2)	0
Net income available to ordinary shareholders of Amcor plc—basic and diluted	$ 230	$ 202
Weighted-average ordinary shares outstanding	1,485	1,534
Weighted-average ordinary shares to be repurchased by Amcor plc	(11)	(4)
Effect of dilutive shares	12	4
Weighted-average ordinary shares outstanding for EPS—diluted	1,486	1,534
Basic earnings per ordinary share	$ 0.156	$ 0.131
Diluted earnings per ordinary share	$ 0.155	$ 0.131
Excluding forward contracts to purchase own shares
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Weighted-average ordinary shares outstanding for EPS—basic	1,474	1,530

Earnings Per Share Computatio_4

Earnings Per Share Computations - Narrative (Details) - shares shares in Millions	3 Months Ended
	Sep. 30, 2022	Sep. 30, 2021
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	9	2

Contingencies and Legal Proce_2

Contingencies and Legal Proceedings (Details) - USD ($) $ in Millions	Sep. 30, 2022	Jun. 30, 2022
Loss Contingencies [Line Items]
Loss Contingency Accrual, Provision	$ 12	$ 12
Loss Contingency, Estimate of Possible Loss	20	$ 20
Loss Contingency, Letters of Credit	36
Loss Contingency, Judicial Insurance	1
Loss Contingency, Cash Deposited	11
Accrual for Environmental Loss Contingencies, Component Amount	40
Potentially Responsible Party [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies, Component Amount	$ 17

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Millions		3 Months Ended
	Nov. 01, 2022	Sep. 30, 2022	Sep. 30, 2021	Oct. 31, 2022	Jun. 30, 2022
Subsequent Event [Line Items]
Dividends declared, per share (in USD per share)		$ 0.12	$ 0.1175
Interest rate swaps
Subsequent Event [Line Items]
Derivative, Notional Amount		$ 650			$ 650
Subsequent Event
Subsequent Event [Line Items]
Dividends declared, per share (in USD per share)	$ 0.1225
Subsequent Event | Interest rate swaps
Subsequent Event [Line Items]
Derivative, Notional Amount				$ 1,250
Derivative, Fixed Interest Rate				4.53%