Amcor (AMCR) 10-Q 3 May 23 2023 Q3 Quarterly report Financial data

Cover Page

Cover Page - shares	9 Months Ended
	Mar. 31, 2023	May 01, 2023
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
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		1,471,443,801
Entity Central Index Key	0001748790
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q3
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		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Statement [Abstract]
Net sales	$ 3,667	$ 3,708	$ 11,021	$ 10,635
Cost of sales	(2,994)	(2,977)	(9,018)	(8,609)
Gross profit	673	731	2,003	2,026
Operating expenses:
Selling, general, and administrative expenses	(317)	(326)	(917)	(942)
Research and development expenses	(27)	(24)	(76)	(72)
Restructuring and other related activities, net	(50)	(9)	162	(27)
Other income/(expenses), net	3	(3)	11	2
Operating income	282	369	1,183	987
Interest income	15	5	35	15
Interest expense	(86)	(36)	(224)	(115)
Other non-operating income, net	2	5	5	12
Income before income taxes	213	343	999	899
Income tax expense	(34)	(72)	(125)	(196)
Net income	179	271	874	703
Net income attributable to non-controlling interests	(2)	(2)	(6)	(7)
Net income attributable to Amcor plc	$ 177	$ 269	$ 868	$ 696
Basic earnings per share	$ 0.120	$ 0.178	$ 0.585	$ 0.457
Diluted earnings per share	$ 0.119	$ 0.178	$ 0.581	$ 0.456

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income	$ 179	$ 271	$ 874	$ 703
Other comprehensive income (loss):
Net gains/(losses) on cash flow hedges, net of tax	2	4	(1)	(3)
Foreign currency translation adjustments, net of tax	43	76	26	(40)
Pension, net of tax	1	0	2	(3)
Other comprehensive income/(loss)	44	80	23	(40)
Total comprehensive income	223	351	897	663
Comprehensive income attributable to non-controlling interests	(2)	(4)	(6)	(8)
Comprehensive income attributable to Amcor plc	$ 221	$ 347	$ 891	$ 655

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
(a) Tax benefit/(expense) related to cash flow hedges	$ (1)	$ 0	$ 0	$ 1
(b) Tax benefit/(expense) related to foreign currency translation adjustments	(2)	2	(3)	0
(c) Tax benefit related to pension adjustments	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2023	Jun. 30, 2022
Current assets:
Cash and cash equivalents	$ 564	$ 775
Trade receivables, net of allowance for credit losses of $22 and $25, respectively	2,034	1,935
Raw materials and supplies	1,118	1,114
Work in process and finished goods	1,302	1,325
Prepaid expenses and other current assets	570	512
Total current assets	5,588	5,853
Non-current assets:
Property, plant, and equipment, net	3,741	3,646
Operating lease assets	534	560
Deferred tax assets	136	130
Other intangible assets, net	1,548	1,657
Goodwill	5,338	5,285
Employee benefit assets	93	89
Other non-current assets	300	206
Total non-current assets	11,690	11,573
Total assets	17,278	17,426
Current liabilities:
Current portion of long-term debt	13	14
Short-term debt	196	136
Trade payables	2,528	3,073
Accrued employee costs	359	471
Other current liabilities	1,312	1,344
Total current liabilities	4,408	5,103
Non-current liabilities:
Long-term debt, less current portion	6,804	6,340
Operating lease liabilities	466	493
Deferred tax liabilities	644	677
Employee benefit obligations	199	201
Other non-current liabilities	449	471
Total non-current liabilities	8,562	8,182
Total liabilities	12,970	13,285
Commitments and contingencies (See Note 16)
Amcor plc shareholders’ equity:
Common stock	15	15
Additional paid-in capital	4,241	4,431
Retained earnings	863	534
Accumulated other comprehensive loss	(857)	(880)
Treasury stock	(14)	(18)
Total Amcor plc shareholders' equity	4,248	4,082
Non-controlling interests	60	59
Total shareholders' equity	4,308	4,141
Total liabilities and shareholders' equity	17,278	17,426
Assets held for sale, net
Current assets:
Assets held for sale, net	0	192
Current liabilities:
Liabilities held for sale	$ 0	$ 65

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2023	Jun. 30, 2022
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts	$ 22	$ 25
Ordinary shares, par value	$ 0.01	$ 0.01
Ordinary shares authorized	9,000	9,000
Ordinary shares issued	1,471	1,489
Treasury shares	1	2

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities:
Net income	$ 874	$ 703
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and impairment	428	479
Net periodic benefit cost	6	5
Amortization of debt discount and deferred financing costs	1	2
Net gain on disposal of property, plant, and equipment	5	0
Net gain on disposal of businesses	219	0
Net foreign exchange (gain)/loss	29	(3)
Share-based compensation	42	47
Other, net	42	114
Loss from hyperinflationary accounting for Argentine subsidiaries	43	14
Deferred income taxes, net	(43)	(44)
Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency	(869)	(728)
Net cash provided by operating activities	329	589
Cash flows from investing activities:
Issuance of loans to affiliated companies and other	1	5
Investments in affiliated companies and other	(55)	(11)
Business acquisitions	(88)	0
Purchase of property, plant, and equipment, and other intangible assets	(382)	(373)
(Payments)/proceeds from divestitures	365	(1)
Proceeds from sales of property, plant, and equipment, and other intangible assets	12	7
Net cash used in investing activities	(149)	(383)
Net cash used in investing activities
Proceeds from issuance of shares	133	92
Purchase of treasury shares	(221)	(133)
Proceeds from issuance of long-term debt	23	570
Repayment of long-term debt	(334)	(678)
Net borrowing of commercial paper	717	1,248
Net borrowing/(repayment) of short-term debt	58	(72)
Repayment of lease liabilities	(3)	(2)
Share buybacks/cancellations	(200)	(423)
Dividends paid	(545)	(550)
Net cash provided by/(used in) financing activities	(372)	52
Effect of exchange rates on cash and cash equivalents	(94)	(31)
Net increase/(decrease) in cash and cash equivalents	(286)	227
Cash and cash equivalents balance at beginning of year	850	850
Cash and cash equivalents balance at end of period	564	1,077
Supplemental cash flow information:
Interest paid, net of amounts capitalized	202	99
Income taxes paid	130	163
Supplemental non-cash disclosures relating to investing and financing activities:
Purchase of property, plant, and equipment, accrued but unpaid	69	85
Business acquisitions, accrued but unpaid	$ 26	$ 0

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 Interests
Beginning Balance at Jun. 30, 2021	$ 4,821	$ 15	$ 5,092	$ 452	$ (766)	$ (29)	$ 57
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	703			696			7
Other comprehensive income	(40)				(41)		1
Share buyback/cancellations	(423)	0	(423)
Dividends declared	(550)			(544)			(6)
Options exercised and shares vested	92		(35)			127
Net settlement of forward contracts to purchase own equity for share-based incentive plans, net of tax	(59)		(59)
Purchase of treasury shares	(133)					(133)
Share-based compensation expense	47		47
Change in non-controlling interests	1		0				1
Ending Balance at Mar. 31, 2022	4,577	15	4,740	604	(807)	(35)	60
Beginning Balance at Dec. 31, 2021	4,519	15	4,854	515	(885)	(37)	57
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	271			269			2
Other comprehensive income	80				78		2
Share buyback/cancellations	(128)	0	(128)
Dividends declared	(182)			(180)			(2)
Options exercised and shares vested	0		(2)			2
Net settlement of forward contracts to purchase own equity for share-based incentive plans, net of tax	0		0
Purchase of treasury shares	0					0
Share-based compensation expense	16		16
Change in non-controlling interests	1		0				1
Ending Balance at Mar. 31, 2022	4,577	15	4,740	604	(807)	(35)	60
Beginning Balance at Jun. 30, 2022	4,141	15	4,431	534	(880)	(18)	59
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	874			868			6
Other comprehensive income	23				23		0
Share buyback/cancellations	(200)	0	(200)
Dividends declared	(545)			(539)			(6)
Options exercised and shares vested	133		(92)			225
Net settlement of forward contracts to purchase own equity for share-based incentive plans, net of tax	60		60
Purchase of treasury shares	(221)					(221)
Share-based compensation expense	42		42
Change in non-controlling interests	1						1
Ending Balance at Mar. 31, 2023	4,308	15	4,241	863	(857)	(14)	60
Beginning Balance at Dec. 31, 2022	4,411	15	4,391	866	(901)	(18)	58
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	179			177			2
Other comprehensive income	44				44		0
Share buyback/cancellations	(160)	0	(160)
Dividends declared	(180)			(180)			0
Options exercised and shares vested	1		(3)			4
Net settlement of forward contracts to purchase own equity for share-based incentive plans, net of tax	0		0
Purchase of treasury shares	0					0
Share-based compensation expense	13		13
Change in non-controlling interests	0						0
Ending Balance at Mar. 31, 2023	$ 4,308	$ 15	$ 4,241	$ 863	$ (857)	$ (14)	$ 60

Condensed Consolidated Statem_6

Condensed Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share (in USD per share)	$ 0.1225	$ 0.12	$ 0.365	$ 0.3575

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
	Mar. 31, 2023
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 enable 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 inventory comparatives in the condensed consolidated balance sheets to conform to the current year's presentation which provides the breakdown of inventory. 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	9 Months Ended
	Mar. 31, 2023
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 an 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 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 will adopt this new disclosure guidance in the first quarter of fiscal year 2024. 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 not expected to have a material impact on its results of operation, financial position, and disclosures.

Restructuring and Other Related

Restructuring and Other Related Activities, Net	9 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring and Other Related Activities, Net Restructuring and other related activities, net, as reported on the unaudited condensed consolidated statements of income are summarized as follows: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Gain on disposal of Russian business, net $ — $ — $ 215 $ — Restructuring and related expenses, net (50) (9) (53) (27) Restructuring and other related activities, net $ (50) $ (9) $ 162 $ (27) A pre-tax net gain on disposal of the Company's three manufacturing facilities in Russia ("Russian business") of $215 million was recognized in the nine months ended March 31, 2023. The carrying value of the Russian business had previously been impaired by $90 million in the quarter ended June 30, 2022. For further information, refer to Note 4, "Held for Sale" and Note 5, "Acquisitions and Disposals." Refer to Note 6, "Restructuring" for information on restructuring and related expenses, net.

Held for Sale

Held for Sale	9 Months Ended
	Mar. 31, 2023
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 Russian business, and recorded an impairment of $90 million. On December 23, 2022, the Company completed the sale of the Russian business and derecognized the assets and liabilities previously classified as held for sale. The disposal did not represent a strategic shift that had a major effect on the Company's operations and financial results, and therefore did not qualify for reporting as a discontinued operation. The Russian business was part of the Company's Flexibles reportable segment. For further information, refer to Note 5, "Acquisitions and Disposals." Major classes of assets and liabilities of the Russian business classified as held for sale were as follows: ($ in millions) March 31, 2023 June 30, 2022 Cash and cash equivalents $ — $ 75 Trade receivables, net — 66 Inventories, net — 40 Prepaid expenses and other current assets — 36 Property, plant, and equipment, net — 49 Goodwill — 16 Total assets held for sale — 282 Less accumulated impairment (1) — (90) Total assets held for sale, net $ — $ 192 Trade payables — 65 Total current liabilities held for sale $ — $ 65 (1) Inclusive of accumulated other comprehensive loss related to the Russian business.

Acquisitions and Disposals

Acquisitions and Disposals	9 Months Ended
	Mar. 31, 2023
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Disposals	Acquisitions and Disposals Acquisition of DGPack s.r.o 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 purchase consideration amounted to $60 million and is subject to customary post-closing adjustments. The consideration includes $6 million that is expected to be paid in the fourth 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 $36 million and goodwill of $24 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 March 31, 2023 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. Acquisition of MDK Packaging Materials Co., Ltd On March 17, 2023, the Company completed the acquisition of 100% equity interest in MDK Packaging Materials Co., Ltd that operates a medical device packaging manufacturing site in Shanghai, China. The purchase consideration amounted to $60 million and is subject to customary post-closing adjustments. The consideration includes contingent consideration of $20 million, to be earned and paid in cash over the three years following the acquisition date, subject to meeting certain performance targets. The acquisition is part of the Company's Flexibles reportable segment and resulted in the recognition of acquired identifiable net assets of $20 million and goodwill of $40 million. Goodwill is not deductible for tax purposes. The fair values of the contingent consideration, identifiable net assets acquired, and goodwill are based on the Company's best estimate as of March 31, 2023 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 MDK Packaging Materials Co., Ltd. has not been presented, as the effect of the acquisition on the Company's consolidated financial statements was not material. Disposal of Russian business

Restructuring

Restructuring	9 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring Restructuring and related expenses, net were $50 million and $9 million during the three months ended March 31, 2023 and 2022, respectively, and $53 million and $27 million in the nine months ended March 31, 2023 and 2022, respectively. The net expenses related to restructuring activities have been presented on the unaudited condensed consolidated statements of income as restructuring and other related activities, net. The Company's restructuring activities in the three and nine months ended March 31, 2023 primarily comprised of restructuring activities related to the 2023 Restructuring Plan (as defined below). The Company's restructuring activities in the three and nine months ended March 31, 2022 included expenses related to the Company's 2019 plan from the integration of the acquired Bemis operations, which was substantially completed at the end of fiscal year 2022. 2023 Restructuring Plan On February 7, 2023, the Company announced that it will allocate approximately $110 million to $130 million of the sale proceeds from the Russian business to various cost saving initiatives to partly help offsetting divested earnings from the Russian business (the "2023 Restructuring Plan" or the "Plan"). Under this Plan, the Company has initiated in the third quarter of fiscal year 2023 projects with an expected cost of approximately $95 million, of which $42 million relates to employee-related expenses, $20 million to fixed asset related expenses, $23 million to other restructuring expenses, and $10 million to restructuring related expenses. Of the total Plan cost initiated in the third quarter of fiscal year 2023, approximately $50 million is expected to result in net cash expenditures. The Plan includes both the Flexibles and Rigid Packaging reportable segments and is expected to be substantially completed by the end of fiscal year 2024. As of March 31, 2023, as part of this Plan, the Company has incurred $37 million in employee-related expenses, $1 million in fixed asset related expenses, $2 million in other restructuring, and $2 million in restructuring related expenses, with $36 million incurred in the Flexibles reportable segment and $6 million incurred in the Rigid Packaging reportable segment. To date, the Plan has resulted in approximately $7 million in cash outflows. The Company continues to evaluate different options to partly offset divested earnings from the Russian business across its global footprint and expects to disclose the total Plan cost at the end of fiscal year 2023. Restructuring related expenses are directly attributable to restructuring activities; however, they do not qualify for special accounting treatment as exit or disposal activities. The Company believes the disclosure of restructuring related costs provides more information on the total cost of the 2023 Restructuring Plan. The restructuring related costs relate primarily to the closure of facilities and include costs to replace graphics, train new employees on relocated equipment, and other startup costs. Other Restructuring Plans The Company has entered into other individually immaterial restructuring plans ("Other Restructuring Plans"). The Company's other restructuring charges are primarily employee costs. An analysis of the Company's restructuring plan liability is as follows: ($ in millions) Employee Costs Fixed Asset Related Costs Other Costs Total Restructuring Costs Liability balance as of June 30, 2022 $ 97 $ 3 $ 18 $ 118 Net charges to earnings (1) 37 4 8 49 Cash paid (25) (1) (14) (40) Non-cash and other — (3) — (3) Foreign currency translation 3 — 1 4 Liability balance as of March 31, 2023 $ 112 $ 3 $ 13 $ 128 (1) Excludes $4 million of restructuring related expenses incurred in the nine months ended March 31, 2023. The table above includes liabilities arising from the 2023 Restructuring Plan and Other Restructuring Plans.

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	9 Months Ended
	Mar. 31, 2023
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 attributable to each reportable segment, excluding amounts that were classified as held for sale as of June 30, 2022, were as follows: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2022 $ 4,307 $ 978 $ 5,285 Acquisitions (1) 64 — 64 Disposals (2) (30) — (30) Foreign currency translation 24 (5) 19 Balance as of March 31, 2023 $ 4,365 $ 973 $ 5,338 (1) Acquisitions are attributed to goodwill recognized in connection with the business combinations detailed in Note 5, "Acquisitions and Disposals." (2) Disposals are attributed to additional goodwill allocated to the Russian business, following the disposal of the business on December 23, 2022. As of June 30, 2022, $16 million of goodwill attributable to the Russian business was classified as assets held for sale. For further information, refer to Note 4, "Held for Sale" and Note 5, "Acquisitions and Disposals." Goodwill is not amortized but is tested for impairment annually in the fourth quarter of the fiscal year, or during interim periods if events or circumstances arise which indicate that goodwill may be impaired. Other Intangible Assets, Net Other intangible assets, net were comprised of the following: March 31, 2023 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,979 $ (628) $ 1,351 Computer software 249 (180) 69 Other (2) 326 (198) 128 Total other intangible assets $ 2,554 $ (1,006) $ 1,548 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 $34 million and $33 million for March 31, 2023 and June 30, 2022, respectively, of accumulated impairment in the Other category. (2) Other included $17 million and $16 million for March 31, 2023 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 March 31, 2023 and 2022, respectively, and $130 million and $135 million during the nine months ended March 31, 2023 and 2022, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
	Mar. 31, 2023
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 March 31, 2023 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 the effect of receive-fixed/pay-variable interest rate swaps) were as follows: March 31, 2023 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) $ 3,645 $ 3,342 $ 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: March 31, 2023 ($ in millions) Level 1 Level 2 Level 3 Total Assets Forward exchange contracts — 8 — 8 Interest rate swaps — 7 — 7 Total assets measured at fair value $ — $ 15 $ — $ 15 Liabilities Contingent purchase consideration liabilities $ — $ — $ 36 $ 36 Commodity contracts — 1 — 1 Forward exchange contracts — 3 — 3 Interest rate swaps — 83 — 83 Total liabilities measured at fair value $ — $ 87 $ 36 $ 123 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 March 31, 2023, the Company's contingent purchase consideration liabilities of $36 million consisted of $26 million relating to consideration for business acquisitions where payments are contingent on the Company vacating a certain property or meeting certain performance targets. Included in the previously mentioned $26 million are $20 million of contingent consideration relating to a current period acquisition (refer to Note 5, "Acquisitions and Disposals"). The remaining $10 million liability is contingent on future royalty income generated by Discma AG, a subsidiary acquired in March 2017. 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 require 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 4, "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 and recognized an impairment charge of $90 million in the quarter ended June 30, 2022. In establishing the fair value, less cost to sell, as of June 30, 2022, management evaluated pre-diligence offers received and discounted them after considering various uncertainties present at the time, including evolving customer decisions on remaining in the region and decisions to move business out of the region. In addition, management consulted with an external advisor to assess the discount that the Russian government was likely to apply to the transaction value given the newly introduced requirement to obtain approval of the transaction and agreed purchase consideration from a Russian government commission prior to the sale. The Company completed the disposal of its Russian business in the second quarter of fiscal year 2023 and as of March 31, 2023, the Company's other assets and liabilities held for sale are immaterial. Refer to Note 4, "Held for Sale" for further information. Resulting from the disposal of non-core assets during the nine months ended March 31, 2022, the Company has recorded an expense of $9 million, predominantly to adjust the long-lived assets to their fair value less cost to sell as determined in reference to the selling price in the signed sale and purchase agreement. During the nine months ended March 31, 2022, 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 nine months ended March 31, 2023, and 2022, there were no impairment charges recorded on indefinite-lived intangibles, including goodwill.

Derivative Instruments

Derivative Instruments	9 Months Ended
	Mar. 31, 2023
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 income/(expenses), net. During the quarter ended December 31, 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 pays a weighted-average fixed rate of interest of 4.53% and receives a variable rate of interest, based on compound overnight SOFR, for the period from November 2022 through June 2023, settled monthly. During the quarter ended March 31, 2023, the Company entered into interest rate swap contracts for a total notional amount of $1.2 billion. Under the terms of the contracts, the Company pays a weighted-average fixed interest rate of 3.88% and receives a variable rate of interest, based on 1-month Term SOFR, from July 2023 through June 2024, settled monthly. As of March 31, 2023, the Company had no other receive-variable/pay-fixed interest rate swaps than those listed above. As of June 30, 2022, the Company had no receive-variable/pay-fixed interest rate swaps. Although the Company is not applying hedge accounting, the Company believes that these economic hedging instruments are effective in protecting the Company against the risks of changes in the variable interest rate on a portion of its forecasted commercial paper issuances. As of March 31, 2023, 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 of certain of the Company's term debt was $650 million. Foreign Currency Risk The Company manufactures and sells its products and finances its 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 March 31, 2023, and June 30, 2022, the notional amount of the outstanding forward contracts was $0.8 billion and $1.0 billion, respectively. Commodity Risk Certain raw materials used in the Company's production processes are subject to price volatility caused by weather, supply conditions, political and economic variables, and other unpredictable factors. The Company's policy is to minimize exposure to price volatility by passing through the commodity price risk to customers, including the use of fixed price swaps. In some cases, the Company purchases, on behalf of customers, fixed price commodity swaps to offset the exposure of price volatility on the underlying sales contracts. These instruments are cash closed out on maturity and the related cost or benefit is passed through to customers. Information about commodity price exposure is derived from supply forecasts submitted by customers and these exposures are hedged by central treasury units. Changes in the fair value of commodity hedges are recognized in AOCI. The cumulative amount of the hedge is recognized in the unaudited condensed consolidated statements of income when the forecasted transaction is realized. The Company had the following outstanding commodity contracts to hedge forecasted purchases: March 31, 2023 June 30, 2022 Commodity Volume Volume Aluminum 13,541 tons 17,040 tons PET resin — lbs. 16,886,520 lbs. The following table provides the location of derivative instruments in the unaudited condensed consolidated balance sheets: ($ in millions) Balance Sheet Location March 31, 2023 June 30, 2022 Assets Derivatives in cash flow hedging relationships: Commodity contracts Other current assets $ — $ 6 Forward exchange contracts Other current assets 3 3 Forward exchange contracts Assets held for sale, net — 3 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets 5 1 Interest rate swaps Other current assets 7 — Total current derivative contracts 15 13 Total non-current derivative contracts — — Total derivative asset contracts $ 15 $ 13 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 1 $ 3 Forward exchange contracts Other current liabilities 2 5 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 1 11 Total current derivative contracts 4 19 Derivatives in cash flow hedging relationships: Forward exchange contracts Other non-current liabilities — 1 Derivatives in fair value hedging relationships: Interest rate swaps Other non-current liabilities 83 69 Total non-current derivative contracts 83 70 Total derivative liability contracts $ 87 $ 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 March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ 4 $ 3 $ 2 $ 15 Forward exchange contracts Net sales (1) 1 (2) 1 Treasury locks Interest expense (1) (1) (2) (2) Total $ 2 $ 3 $ (2) $ 14 Location of Gain / (Loss) Recognized in the Unaudited Condensed Consolidated Statements of Income Gain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Derivatives not designated as hedging instruments Forward exchange contracts Other income/(expenses), net $ (7) $ (9) $ (12) $ (42) Interest rate swaps Other income/(expenses), net 6 — 7 — Total $ (1) $ (9) $ (5) $ (42) Location of Gain (Loss) Recognized in the Unaudited Condensed Consolidated Statements of Income Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ 15 $ (42) $ (13) $ (49) Forward exchange contracts Other income/(expense), net — (12) — (12) Total $ 15 $ (54) $ (13) $ (61)

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost	9 Months Ended
	Mar. 31, 2023
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 March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Service cost $ 4 $ 6 $ 13 $ 18 Interest cost 12 9 36 30 Expected return on plan assets (14) (14) (42) (47) Amortization of actuarial loss 1 1 2 4 Amortization of prior service credit (1) (1) (3) (3) Settlement costs — — — 3 Net periodic benefit cost $ 2 $ 1 $ 6 $ 5 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. On October 12, 2021, the Company contracted with Pacific Life Insurance Company to purchase a group annuity contract and to transfer $186 million of its pension plan assets and related benefit obligations. This transaction required a remeasurement of the pension plan assets and obligations and resulted in the recognition of a $3 million non-cash pension settlement loss in the nine months ended March 31, 2022.

Debt

Debt	9 Months Ended
	Mar. 31, 2023
Debt Disclosure [Abstract]
Debt	Debt On March 22, 2023, the Company redeemed Euro bonds of a principal amount of €300 million (equivalent to $322 million) at maturity. The redemption was funded with commercial paper. The notes carried an interest rate of 2.75%. As set forth in Note 9, "Derivative Instruments", during the quarter ended December 31, 2022, the Company entered into interest rate swap contracts for a total notional amount of $1.25 billion. During the quarter ended March 31, 2023, the Company entered into two additional interest rate swap contracts for a total notional amount of $1.2 billion.

Income Taxes

Income Taxes	9 Months Ended
	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for the three and nine months ended March 31, 2023 and 2022, 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 March 31, 2023 decreased by 5.0 percentage points compared to the three months ended March 31, 2022 from 21.0% to 16.0%, primarily due to differences in the income mix and discrete events. The effective tax rate for the nine months ended March 31, 2023 decreased by 9.3 percentage points compared to the nine months ended March 31, 2022 from 21.8% to 12.5%, primarily due to the non-taxable gain on the sale of the Russian business, differences in the income mix and discrete events.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity The changes in ordinary and treasury shares during the nine months ended March 31, 2023 and 2022 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 (36) — — — Options exercised and shares vested — — (11) 127 Purchase of treasury shares — — 11 (133) Balance as of March 31, 2022 1,503 $ 15 3 $ (35) Balance as of June 30, 2022 1,489 $ 15 2 $ (18) Share buyback / cancellations (18) — — — Options exercised and shares vested — — (19) 225 Purchase of treasury shares — — 18 (221) Balance as of March 31, 2023 1,471 $ 15 1 $ (14) The changes in the components of accumulated other comprehensive loss during the nine months ended March 31, 2023 and 2022 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 (41) — (1) 8 (34) Amounts reclassified from accumulated other comprehensive loss — — 4 (11) (7) Net current period other comprehensive income / (loss) (41) — 3 (3) (41) Balance as of March 31, 2022 $ (732) $ (13) $ (51) $ (11) $ (807) Balance as of June 30, 2022 $ (892) $ (13) $ 40 $ (15) $ (880) Other comprehensive loss before reclassifications (48) — (1) (2) (51) Amounts reclassified from accumulated other comprehensive loss 74 — (1) 1 74 Net current period other comprehensive income / (loss) 26 — (2) (1) 23 Balance as of March 31, 2023 $ (866) $ (13) $ 38 $ (16) $ (857) The following tables provide details of amounts reclassified from accumulated other comprehensive loss: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Amortization of pension: Amortization of prior service credit $ (1) $ (1) $ (3) $ (3) Amortization of actuarial loss 1 1 2 4 Effect of pension settlement — — — 3 Total before tax effect — — (1) 4 Tax effect on amounts reclassified into earnings — — — — Total net of tax $ — $ — $ (1) $ 4 (Gains) / losses on cash flow hedges: Commodity contracts $ (4) $ (3) $ (2) $ (15) Forward exchange contracts 1 (1) 2 (1) Treasury locks 1 1 2 2 Total before tax effect (2) (3) 2 (14) Tax effect on amounts reclassified into earnings — 1 (1) 3 Total net of tax $ (2) $ (2) $ 1 $ (11) Losses on foreign currency translation: Foreign currency translation adjustment $ — $ — $ 74 $ — Total before tax effect — — 74 — Tax effect on amounts reclassified into earnings — — — — Total net of tax $ — $ — $ 74 $ — 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 March 31, 2023, the Company had forward contracts outstanding that mature between May 2023 and September 2023 to purchase 10 million shares at a weighted average price of $12.38. As of June 30, 2022, the Company had forward contracts outstanding maturing between November 2022 and June 2023 to purchase 14 million shares at a weighted average price of $12.67. During the nine months ended March 31, 2023, forward contracts related to 11 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	9 Months Ended
	Mar. 31, 2023
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. The Russian business results through the date of disposal are included in the Flexibles reportable segment. 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. Intersegment sales and transfers are not significant. The following table presents information about reportable segments: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Flexibles $ 2,787 $ 2,837 $ 8,378 $ 8,184 Rigid Packaging 880 871 2,643 2,451 Other — — — — Net sales $ 3,667 $ 3,708 $ 11,021 $ 10,635 Adjusted earnings before interest and taxes ("Adjusted EBIT") Flexibles $ 337 $ 378 $ 1,043 $ 1,069 Rigid Packaging 69 77 192 194 Other (24) (28) (62) (67) Adjusted EBIT 382 427 1,173 1,196 Less: 2019 Bemis Integration Plan — (9) — (26) Less: Amortization of acquired intangible assets from business combinations (1) (40) (40) (120) (122) Less: Impact of hyperinflation (2) (6) (6) (19) (10) Less: Net loss on disposals (3) — — — (9) Add/(Less): Property and other gains/(losses), net (4) — 4 — (23) Less: Pension settlement (5) — — — (3) Add/(Less): Russia-Ukraine conflict impacts (6) (48) — 156 — Less: Other (7) (4) (2) (2) (4) Interest income 15 5 35 15 Interest expense (86) (36) (224) (115) Income before income taxes $ 213 $ 343 $ 999 $ 899 (1) Amortization of acquired intangible assets from business combinations includes amortization expenses related to all acquired intangible assets from past acquisitions. (2) Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso. (3) Net loss on disposals for the nine months ended March 31, 2022 includes an expense of $9 million from the disposal of non-core assets. Refer to Note 8, "Fair Value Measurements" for more information. (4) Property and other gains/(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. (5) Pension settlement for the nine months ended March 31, 2022 relates to the purchase of a group annuity contract and transfer of pension plan assets and related benefit obligations. Refer to Note 10, "Components of Net Periodic Benefit Cost" for more information. (6) Russia-Ukraine conflict impacts in the nine months ended March 31, 2023 include a pre-tax net gain on sale of Russian business of $215 million (refer to Note 3, "Restructuring and Other Related Activities, Net"), and incremental costs and restructuring incurred in connection with the conflict. (7) Other includes restructuring expenses and fair value gains on economic hedges in the three and nine months ended March 31, 2023. For the three and nine months ended March 31, 2022, Other includes costs associated with the Bemis transaction. The following tables disaggregate net sales, excluding intersegment sales, by geography in which the Company operates based on manufacturing or selling operations: Three Months Ended March 31, 2023 2022 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 1,129 $ 688 $ 1,817 $ 1,103 $ 677 $ 1,780 Latin America 271 192 463 262 194 456 Europe 985 — 985 1,049 — 1,049 Asia Pacific 402 — 402 423 — 423 Net sales $ 2,787 $ 880 $ 3,667 $ 2,837 $ 871 $ 3,708 Nine Months Ended March 31, 2023 2022 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 3,327 $ 2,037 $ 5,364 $ 3,152 $ 1,915 $ 5,067 Latin America 825 606 1,431 769 536 1,305 Europe 2,970 — 2,970 2,972 — 2,972 Asia Pacific 1,256 — 1,256 1,291 — 1,291 Net sales $ 8,378 $ 2,643 $ 11,021 $ 8,184 $ 2,451 $ 10,635

Earnings Per Share Computations

Earnings Per Share Computations	9 Months Ended
	Mar. 31, 2023
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 March 31, Nine Months Ended March 31, (in millions, except per share amounts) 2023 2022 2023 2022 Numerator Net income attributable to Amcor plc $ 177 $ 269 $ 868 $ 696 Distributed and undistributed earnings attributable to shares to be repurchased (1) (1) (6) (2) Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 176 $ 268 $ 862 $ 694 Denominator Weighted-average ordinary shares outstanding 1,480 1,506 1,484 1,521 Weighted-average ordinary shares to be repurchased by Amcor plc (10) (3) (11) (4) Weighted-average ordinary shares outstanding for EPS—basic 1,470 1,503 1,473 1,517 Effect of dilutive shares 6 4 9 4 Weighted-average ordinary shares outstanding for EPS—diluted 1,476 1,507 1,482 1,521 Per ordinary share income Basic earnings per ordinary share $ 0.120 $ 0.178 $ 0.585 $ 0.457 Diluted earnings per ordinary share $ 0.119 $ 0.178 $ 0.581 $ 0.456 Note: Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and all other quarterly amounts may not equal the total year due to rounding. 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 and nine months ended March 31, 2023 represented an aggregate of 15 million and 13 million shares, respectively. The excluded share options for the three and nine months ended March 31, 2022 represented an aggregate of 9 million and 6 million shares, respectively.

Contingencies and Legal Proceed

Contingencies and Legal Proceedings	9 Months Ended
	Mar. 31, 2023
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. As of March 31, 2023, the Company had recorded accruals of $13 million, included in other non-current liabilities. The Company has estimated a reasonably possible loss exposure in excess of the accrual of $22 million as of March 31, 2023. 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 March 31, 2023, the Company has provided letters of credit of $39 million, judicial insurance of $1 million, and deposited cash of $13 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. As of March 31, 2023, the Company has recorded $17 million of aggregate accruals for its share of estimated future remediation costs at these sites. In addition to the matters described above, as of March 31, 2023, the Company has also recorded aggregate accruals of $42 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. 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 and nine months ended March 31, 2023. 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	9 Months Ended
	Mar. 31, 2023
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events     On April 28, 2023, the Company signed an agreement to acquire a manufacturer of high-performance modular vacuum packaging equipment for the fresh meat, poultry, and dairy markets, based in New Zealand. This acquisition will complement the Company’s existing strength in film and enable a total system solution for automated protein packaging.    On May 2, 2023, the Company's Board of Directors declared a quarterly cash dividend of $0.1225 per share to be paid on June 20, 2023 to shareholders of record as of May 24, 2023. 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 May 23, 2023 to May 24, 2023, inclusive.

New Accounting Guidance (Polici

New Accounting Guidance (Policies)	9 Months Ended
	Mar. 31, 2023
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 an 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 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 will adopt this new disclosure guidance in the first quarter of fiscal year 2024. 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 not expected to have a material 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 March 31, 2023 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 March 31, 2023, the Company's contingent purchase consideration liabilities of $36 million consisted of $26 million relating to consideration for business acquisitions where payments are contingent on the Company vacating a certain property or meeting certain performance targets. Included in the previously mentioned $26 million are $20 million of contingent consideration relating to a current period acquisition (refer to Note 5, "Acquisitions and Disposals"). The remaining $10 million liability is contingent on future royalty income generated by Discma AG, a subsidiary acquired in March 2017. 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 require 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 4, "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 and recognized an impairment charge of $90 million in the quarter ended June 30, 2022. In establishing the fair value, less cost to sell, as of June 30, 2022, management evaluated pre-diligence offers received and discounted them after considering various uncertainties present at the time, including evolving customer decisions on remaining in the region and decisions to move business out of the region. In addition, management consulted with an external advisor to assess the discount that the Russian government was likely to apply to the transaction value given the newly introduced requirement to obtain approval of the transaction and agreed purchase consideration from a Russian government commission prior to the sale. The Company completed the disposal of its Russian business in the second quarter of fiscal year 2023 and as of March 31, 2023, the Company's other assets and liabilities held for sale are immaterial. Refer to Note 4, "Held for Sale" for further information. Resulting from the disposal of non-core assets during the nine months ended March 31, 2022, the Company has recorded an expense of $9 million, predominantly to adjust the long-lived assets to their fair value less cost to sell as determined in reference to the selling price in the signed sale and purchase agreement. During the nine months ended March 31, 2022, 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 nine months ended March 31, 2023, and 2022, there were no impairment charges recorded on indefinite-lived intangibles, including goodwill.
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 Foreign Currency Risk The Company manufactures and sells its products and finances its 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. In some cases, 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
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 and nine months ended March 31, 2023 and 2022, 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 March 31, 2023 decreased by 5.0 percentage points compared to the three months ended March 31, 2022 from 21.0% to 16.0%, primarily due to differences in the income mix and discrete events. The effective tax rate for the nine months ended March 31, 2023 decreased by 9.3 percentage points compared to the nine months ended March 31, 2022 from 21.8% to 12.5%, primarily due to the non-taxable gain on the sale of the Russian business, differences in the income mix and discrete events.
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. The Russian business results through the date of disposal are included in the Flexibles reportable segment. 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.

Restructuring and Other Relat_2

Restructuring and Other Related Activities, Net (Tables)	9 Months Ended
	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Schedule of Restructuring Related Costs	Restructuring and other related activities, net, as reported on the unaudited condensed consolidated statements of income are summarized as follows: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Gain on disposal of Russian business, net $ — $ — $ 215 $ — Restructuring and related expenses, net (50) (9) (53) (27) Restructuring and other related activities, net $ (50) $ (9) $ 162 $ (27)

Held for Sale (Tables)

Held for Sale (Tables)	9 Months Ended
	Mar. 31, 2023
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) March 31, 2023 June 30, 2022 Cash and cash equivalents $ — $ 75 Trade receivables, net — 66 Inventories, net — 40 Prepaid expenses and other current assets — 36 Property, plant, and equipment, net — 49 Goodwill — 16 Total assets held for sale — 282 Less accumulated impairment (1) — (90) Total assets held for sale, net $ — $ 192 Trade payables — 65 Total current liabilities held for sale $ — $ 65 (1) Inclusive of accumulated other comprehensive loss related to the Russian business.

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
	Mar. 31, 2023
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 as of June 30, 2022 $ 97 $ 3 $ 18 $ 118 Net charges to earnings (1) 37 4 8 49 Cash paid (25) (1) (14) (40) Non-cash and other — (3) — (3) Foreign currency translation 3 — 1 4 Liability balance as of March 31, 2023 $ 112 $ 3 $ 13 $ 128 (1) Excludes $4 million of restructuring related expenses incurred in the nine months ended March 31, 2023.

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	9 Months Ended
	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Schedule of Changes in Carrying Amount of Goodwill	Changes in the carrying amount of goodwill attributable to each reportable segment, excluding amounts that were classified as held for sale as of June 30, 2022, were as follows: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2022 $ 4,307 $ 978 $ 5,285 Acquisitions (1) 64 — 64 Disposals (2) (30) — (30) Foreign currency translation 24 (5) 19 Balance as of March 31, 2023 $ 4,365 $ 973 $ 5,338 (1) Acquisitions are attributed to goodwill recognized in connection with the business combinations detailed in Note 5, "Acquisitions and Disposals." (2) Disposals are attributed to additional goodwill allocated to the Russian business, following the disposal of the business on December 23, 2022. As of June 30, 2022, $16 million of goodwill attributable to the Russian business was classified as assets held for sale. For further information, refer to Note 4, "Held for Sale" and Note 5, "Acquisitions and Disposals."
Schedule of Components of Intangible Assets	Other intangible assets, net were comprised of the following: March 31, 2023 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,979 $ (628) $ 1,351 Computer software 249 (180) 69 Other (2) 326 (198) 128 Total other intangible assets $ 2,554 $ (1,006) $ 1,548 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 $34 million and $33 million for March 31, 2023 and June 30, 2022, respectively, of accumulated impairment in the Other category. (2) Other included $17 million and $16 million for March 31, 2023 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)	9 Months Ended
	Mar. 31, 2023
Fair Value Disclosures [Abstract]
Schedule of Carrying Value and Estimated Fair Value of Long-term Debt	March 31, 2023 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) $ 3,645 $ 3,342 $ 3,952 $ 3,694
Schedule of Fair Value of Instruments Measured on Recurring Basis	March 31, 2023 ($ in millions) Level 1 Level 2 Level 3 Total Assets Forward exchange contracts — 8 — 8 Interest rate swaps — 7 — 7 Total assets measured at fair value $ — $ 15 $ — $ 15 Liabilities Contingent purchase consideration liabilities $ — $ — $ 36 $ 36 Commodity contracts — 1 — 1 Forward exchange contracts — 3 — 3 Interest rate swaps — 83 — 83 Total liabilities measured at fair value $ — $ 87 $ 36 $ 123 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)	9 Months Ended
	Mar. 31, 2023
Derivative Instruments and Hedging Activities Disclosure [Abstract]
Schedule of Outstanding Commodity Contracts	The Company had the following outstanding commodity contracts to hedge forecasted purchases: March 31, 2023 June 30, 2022 Commodity Volume Volume Aluminum 13,541 tons 17,040 tons PET resin — 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 March 31, 2023 June 30, 2022 Assets Derivatives in cash flow hedging relationships: Commodity contracts Other current assets $ — $ 6 Forward exchange contracts Other current assets 3 3 Forward exchange contracts Assets held for sale, net — 3 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets 5 1 Interest rate swaps Other current assets 7 — Total current derivative contracts 15 13 Total non-current derivative contracts — — Total derivative asset contracts $ 15 $ 13 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 1 $ 3 Forward exchange contracts Other current liabilities 2 5 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 1 11 Total current derivative contracts 4 19 Derivatives in cash flow hedging relationships: Forward exchange contracts Other non-current liabilities — 1 Derivatives in fair value hedging relationships: Interest rate swaps Other non-current liabilities 83 69 Total non-current derivative contracts 83 70 Total derivative liability contracts $ 87 $ 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 March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ 4 $ 3 $ 2 $ 15 Forward exchange contracts Net sales (1) 1 (2) 1 Treasury locks Interest expense (1) (1) (2) (2) Total $ 2 $ 3 $ (2) $ 14
Schedule of Derivatives Not Designated as Hedging Instruments	Location of Gain / (Loss) Recognized in the Unaudited Condensed Consolidated Statements of Income Gain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Derivatives not designated as hedging instruments Forward exchange contracts Other income/(expenses), net $ (7) $ (9) $ (12) $ (42) Interest rate swaps Other income/(expenses), net 6 — 7 — Total $ (1) $ (9) $ (5) $ (42)
Schedule of Fair Value Hedging Instruments In Condensed Consolidated Statement of Income	Location of Gain (Loss) Recognized in the Unaudited Condensed Consolidated Statements of Income Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ 15 $ (42) $ (13) $ (49) Forward exchange contracts Other income/(expense), net — (12) — (12) Total $ 15 $ (54) $ (13) $ (61)

Components of Net Periodic Be_2

Components of Net Periodic Benefit Cost (Tables)	9 Months Ended
	Mar. 31, 2023
Retirement Benefits [Abstract]
Schedule of Components of Net Benefit Costs	Net periodic benefit cost for benefit plans included the following components: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Service cost $ 4 $ 6 $ 13 $ 18 Interest cost 12 9 36 30 Expected return on plan assets (14) (14) (42) (47) Amortization of actuarial loss 1 1 2 4 Amortization of prior service credit (1) (1) (3) (3) Settlement costs — — — 3 Net periodic benefit cost $ 2 $ 1 $ 6 $ 5

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
	Mar. 31, 2023
Equity [Abstract]
Schedule of Changes in Ordinary and Treasury Shares	The changes in ordinary and treasury shares during the nine months ended March 31, 2023 and 2022 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 (36) — — — Options exercised and shares vested — — (11) 127 Purchase of treasury shares — — 11 (133) Balance as of March 31, 2022 1,503 $ 15 3 $ (35) Balance as of June 30, 2022 1,489 $ 15 2 $ (18) Share buyback / cancellations (18) — — — Options exercised and shares vested — — (19) 225 Purchase of treasury shares — — 18 (221) Balance as of March 31, 2023 1,471 $ 15 1 $ (14)
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in the components of accumulated other comprehensive loss during the nine months ended March 31, 2023 and 2022 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 (41) — (1) 8 (34) Amounts reclassified from accumulated other comprehensive loss — — 4 (11) (7) Net current period other comprehensive income / (loss) (41) — 3 (3) (41) Balance as of March 31, 2022 $ (732) $ (13) $ (51) $ (11) $ (807) Balance as of June 30, 2022 $ (892) $ (13) $ 40 $ (15) $ (880) Other comprehensive loss before reclassifications (48) — (1) (2) (51) Amounts reclassified from accumulated other comprehensive loss 74 — (1) 1 74 Net current period other comprehensive income / (loss) 26 — (2) (1) 23 Balance as of March 31, 2023 $ (866) $ (13) $ 38 $ (16) $ (857)
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 March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Amortization of pension: Amortization of prior service credit $ (1) $ (1) $ (3) $ (3) Amortization of actuarial loss 1 1 2 4 Effect of pension settlement — — — 3 Total before tax effect — — (1) 4 Tax effect on amounts reclassified into earnings — — — — Total net of tax $ — $ — $ (1) $ 4 (Gains) / losses on cash flow hedges: Commodity contracts $ (4) $ (3) $ (2) $ (15) Forward exchange contracts 1 (1) 2 (1) Treasury locks 1 1 2 2 Total before tax effect (2) (3) 2 (14) Tax effect on amounts reclassified into earnings — 1 (1) 3 Total net of tax $ (2) $ (2) $ 1 $ (11) Losses on foreign currency translation: Foreign currency translation adjustment $ — $ — $ 74 $ — Total before tax effect — — 74 — Tax effect on amounts reclassified into earnings — — — — Total net of tax $ — $ — $ 74 $ —

Segments (Tables)

Segments (Tables)	9 Months Ended
	Mar. 31, 2023
Segment Reporting [Abstract]
Schedule of Information About Reportable Segments	The following table presents information about reportable segments: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2023 2022 2023 2022 Flexibles $ 2,787 $ 2,837 $ 8,378 $ 8,184 Rigid Packaging 880 871 2,643 2,451 Other — — — — Net sales $ 3,667 $ 3,708 $ 11,021 $ 10,635 Adjusted earnings before interest and taxes ("Adjusted EBIT") Flexibles $ 337 $ 378 $ 1,043 $ 1,069 Rigid Packaging 69 77 192 194 Other (24) (28) (62) (67) Adjusted EBIT 382 427 1,173 1,196 Less: 2019 Bemis Integration Plan — (9) — (26) Less: Amortization of acquired intangible assets from business combinations (1) (40) (40) (120) (122) Less: Impact of hyperinflation (2) (6) (6) (19) (10) Less: Net loss on disposals (3) — — — (9) Add/(Less): Property and other gains/(losses), net (4) — 4 — (23) Less: Pension settlement (5) — — — (3) Add/(Less): Russia-Ukraine conflict impacts (6) (48) — 156 — Less: Other (7) (4) (2) (2) (4) Interest income 15 5 35 15 Interest expense (86) (36) (224) (115) Income before income taxes $ 213 $ 343 $ 999 $ 899 (1) Amortization of acquired intangible assets from business combinations includes amortization expenses related to all acquired intangible assets from past acquisitions. (2) Impact of hyperinflation includes the adverse impact of highly inflationary accounting for subsidiaries in Argentina where the functional currency was the Argentine Peso. (3) Net loss on disposals for the nine months ended March 31, 2022 includes an expense of $9 million from the disposal of non-core assets. Refer to Note 8, "Fair Value Measurements" for more information. (4) Property and other gains/(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. (5) Pension settlement for the nine months ended March 31, 2022 relates to the purchase of a group annuity contract and transfer of pension plan assets and related benefit obligations. Refer to Note 10, "Components of Net Periodic Benefit Cost" for more information. (6) Russia-Ukraine conflict impacts in the nine months ended March 31, 2023 include a pre-tax net gain on sale of Russian business of $215 million (refer to Note 3, "Restructuring and Other Related Activities, Net"), and incremental costs and restructuring incurred in connection with the conflict. (7) Other includes restructuring expenses and fair value gains on economic hedges in the three and nine months ended March 31, 2023. For the three and nine months ended March 31, 2022, Other includes costs associated with the Bemis transaction.
Schedule of Disaggregation of Revenue by Segments	The following tables disaggregate net sales, excluding intersegment sales, by geography in which the Company operates based on manufacturing or selling operations: Three Months Ended March 31, 2023 2022 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 1,129 $ 688 $ 1,817 $ 1,103 $ 677 $ 1,780 Latin America 271 192 463 262 194 456 Europe 985 — 985 1,049 — 1,049 Asia Pacific 402 — 402 423 — 423 Net sales $ 2,787 $ 880 $ 3,667 $ 2,837 $ 871 $ 3,708 Nine Months Ended March 31, 2023 2022 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 3,327 $ 2,037 $ 5,364 $ 3,152 $ 1,915 $ 5,067 Latin America 825 606 1,431 769 536 1,305 Europe 2,970 — 2,970 2,972 — 2,972 Asia Pacific 1,256 — 1,256 1,291 — 1,291 Net sales $ 8,378 $ 2,643 $ 11,021 $ 8,184 $ 2,451 $ 10,635

Earnings Per Share Computatio_2

Earnings Per Share Computations (Tables)	9 Months Ended
	Mar. 31, 2023
Earnings Per Share [Abstract]
Schedule of Earnings Per Share Computations	Three Months Ended March 31, Nine Months Ended March 31, (in millions, except per share amounts) 2023 2022 2023 2022 Numerator Net income attributable to Amcor plc $ 177 $ 269 $ 868 $ 696 Distributed and undistributed earnings attributable to shares to be repurchased (1) (1) (6) (2) Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 176 $ 268 $ 862 $ 694 Denominator Weighted-average ordinary shares outstanding 1,480 1,506 1,484 1,521 Weighted-average ordinary shares to be repurchased by Amcor plc (10) (3) (11) (4) Weighted-average ordinary shares outstanding for EPS—basic 1,470 1,503 1,473 1,517 Effect of dilutive shares 6 4 9 4 Weighted-average ordinary shares outstanding for EPS—diluted 1,476 1,507 1,482 1,521 Per ordinary share income Basic earnings per ordinary share $ 0.120 $ 0.178 $ 0.585 $ 0.457 Diluted earnings per ordinary share $ 0.119 $ 0.178 $ 0.581 $ 0.456 Note: Per share amounts are computed independently for each of the quarters presented. The sum of the quarters may not equal the total year amount due to the impact of changes in average quarterly shares outstanding and all other quarterly amounts may not equal the total year due to rounding.

Restructuring and Other Relat_3

Restructuring and Other Related Activities, Net - Restructuring and Other Related Activities Schedule (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Gain on disposal of Russian business, net	$ 0	$ 0	$ 215	$ 0
Restructuring and related expenses, net	(50)	(9)	(53)	(27)
Restructuring and other related activities, net	$ (50)	$ (9)	$ 162	$ (27)

Restructuring and Other Relat_4

Restructuring and Other Related Activities, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring and Related Activities [Abstract]
Gain on disposal of Russian business, net	$ 0	$ 0	$ 215	$ 0

Held for Sale (Details)

Held for Sale (Details) - Russian Business - USD ($) $ in Millions		12 Months Ended
	Mar. 31, 2023	Jun. 30, 2022	Dec. 23, 2022
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items]
Cash and cash equivalents	$ 0	$ 75
Trade receivables, net	0	66
Inventories, net	0	40
Prepaid expenses and other current assets	0	36
Property, plant, and equipment, net	0	49
Goodwill	0	16	$ 46
Total assets held for sale	0	282
Less accumulated impairment	0	(90)
Assets held for sale, net	0	192
Accounts Payable	0	65
Liabilities held for sale	$ 0	$ 65

Acquisitions and Disposals (Det

Acquisitions and Disposals (Details) - USD ($) $ in Millions				3 Months Ended		9 Months Ended		12 Months Ended
	Mar. 17, 2023	Dec. 23, 2022	Aug. 01, 2022	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022	Jun. 30, 2022
Business Combination Segment Allocation [Line Items]
Acquisitions (1)						$ 64
Gain on disposal of Russian business, net				$ 0	$ 0	215	$ 0
Russian Business
Business Combination Segment Allocation [Line Items]
(Payments)/proceeds from divestitures		$ 365
Gain on disposal of Russian business, net		215		215		215
Impairment expense (reversal) of long-lived assets to be disposed of								$ (90)
Disposal group, carrying value		252
Goodwill		46		$ 0		$ 0		$ 16
Disposal group, including discontinued operation, foreign currency translation gains (losses)		$ 73
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			36
Acquisitions (1)			$ 24
MDK Packaging Materials
Business Combination Segment Allocation [Line Items]
Business combination, consideration transferred	$ 60
Business combination, recognized identifiable assets acquired and liabilities assumed, net	20
Acquisitions (1)	40
Contingent purchase consideration liabilities	$ 20

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions		2 Months Ended	3 Months Ended		9 Months Ended
	Feb. 07, 2023	Mar. 31, 2023	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Restructuring Cost and Reserve [Line Items]
Restructuring and related expenses, net			$ (50)	$ (9)	$ (53)	$ (27)
Payment for restructuring					40
Minimum | Russian Business
Restructuring Cost and Reserve [Line Items]
Proceeds of sale of business, allocated to designated improvements	$ 110
Maximum | Russian Business
Restructuring Cost and Reserve [Line Items]
Proceeds of sale of business, allocated to designated improvements	130
Employee Costs
Restructuring Cost and Reserve [Line Items]
Payment for restructuring					25
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Payment for restructuring					1
Other Costs
Restructuring Cost and Reserve [Line Items]
Payment for restructuring					14
Restructuring related
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net					$ 4
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Payment for restructuring		$ 7	50
2023 Restructuring Plan | Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net	42		37
2023 Restructuring Plan | Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net	20		1
2023 Restructuring Plan | Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net	23		2
2023 Restructuring Plan | Other Costs | Flexibles
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net			36
2023 Restructuring Plan | Other Costs | Rigid Packaging
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net			6
2023 Restructuring Plan | Restructuring related
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net	10		$ 2
Total restructuring costs	$ 95

Restructuring - Restructuring P

Restructuring - Restructuring Plan Liability (Details) $ in Millions	9 Months Ended
	Mar. 31, 2023 USD ($)
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2022	$ 118
Net charges to earnings	49
Cash paid	(40)
Non-cash and other	(3)
Foreign currency translation	4
Liability balance as of March 31, 2023	128
Employee Costs
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2022	97
Net charges to earnings	37
Cash paid	(25)
Non-cash and other	0
Foreign currency translation	3
Liability balance as of March 31, 2023	112
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2022	3
Net charges to earnings	4
Cash paid	(1)
Non-cash and other	(3)
Foreign currency translation	0
Liability balance as of March 31, 2023	3
Other Costs
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2022	18
Net charges to earnings	8
Cash paid	(14)
Non-cash and other	0
Foreign currency translation	1
Liability balance as of March 31, 2023	$ 13

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 43	$ 45	$ 130	$ 135

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Changes in Carrying Amount of Goodwill (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2023	Dec. 23, 2022	Jun. 30, 2022
Goodwill [Line Items]
Balance as of June 30, 2022	$ 5,285
Acquisitions (1)	64
Disposals	(30)
Foreign currency translation	19
Balance as of March 31, 2023	5,338
Russian Business
Goodwill [Line Items]
Goodwill	0	$ 46	$ 16
Flexibles
Goodwill [Line Items]
Balance as of June 30, 2022	4,307
Acquisitions (1)	64
Disposals	(30)
Foreign currency translation	24
Balance as of March 31, 2023	4,365
Rigid Packaging
Goodwill [Line Items]
Balance as of June 30, 2022	978
Acquisitions (1)	0
Disposals	0
Foreign currency translation	(5)
Balance as of March 31, 2023	$ 973

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, Net - Components of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jun. 30, 2022
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,554	$ 2,528
Accumulated amortization and impairment	(1,006)	(871)
Net Carrying Amount	1,548	1,657
Finite-lived intangible assets, accumulated impairment loss	34	33
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	1,979	1,970
Accumulated amortization and impairment	(628)	(529)
Net Carrying Amount	1,351	1,441
Computer software
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	249	235
Accumulated amortization and impairment	(180)	(162)
Net Carrying Amount	69	73
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	326	323
Accumulated amortization and impairment	(198)	(180)
Net Carrying Amount	128	143
Intellectual Property
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 17	$ 16

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Value and Fair Value of Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2023	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)	$ 3,645	$ 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)	$ 3,342	$ 3,694

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jun. 30, 2022
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 15	$ 13
Derivative liabilities	87	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
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 asset	0
Derivative liabilities	0	0
Level 2 | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	15	13
Contingent purchase consideration liabilities	0	0
Derivative liabilities	87	89
Level 2 | Commodity contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset		6
Derivative liabilities	1	3
Level 2 | Forward exchange contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	8	7
Derivative liabilities	3	17
Level 2 | Interest rate swaps | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	7
Derivative liabilities	83	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	36	16
Derivative liabilities	36	16
Level 3 | Commodity contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset		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 asset	0
Derivative liabilities	0	0
Total | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	15	13
Contingent purchase consideration liabilities	36	16
Derivative liabilities	123	105
Total | Commodity contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset		6
Derivative liabilities	1	3
Total | Forward exchange contracts | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	8	7
Derivative liabilities	3	17
Total | Interest rate swaps | Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	7
Derivative liabilities	$ 83	$ 69

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Technology intangible impairment charges		$ 0	$ 0
Asset Impairment Charges	$ 9,000,000		9,000,000
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		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		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		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		$ 4,000,000
Discma AG
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent purchase consideration liabilities		10,000,000
Non-Core Other
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent purchase consideration liabilities		$ 26,000,000

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
Forward exchange contracts
Derivative [Line Items]
Derivative, Notional Amount	$ 800		$ 1,000
Interest rate swaps
Derivative [Line Items]
Derivative, Notional Amount	$ 1,200	$ 1,250
Derivative, Average Fixed Interest Rate	3.88%	4.53%
Interest rate swaps | Receive variable/pay fixed
Derivative [Line Items]
Derivative, Notional Amount			0
Interest rate swaps | Received fixed/pay variable | Fair value hedging
Derivative [Line Items]
Derivative, Notional Amount	$ 650		$ 650

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Commodity Contracts (Details)	Mar. 31, 2023 T lb	Jun. 30, 2022 lb T
Aluminum
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | T	13,541	17,040
PET resin
Derivative [Line Items]
Derivative, Nonmonetary Notional Amount | lb	0	16,886,520

Derivative Instruments - Financ

Derivative Instruments - Financial Statement Location (Details) - USD ($) $ in Millions	Mar. 31, 2023	Jun. 30, 2022
Derivatives, Fair Value [Line Items]
Total current derivative contracts	$ 15	$ 13
Total non-current derivative contracts	0	0
Total derivative asset contracts	15	13
Total current derivative contracts	4	19
Total non-current derivative contracts	83	70
Total derivative liability contracts	$ 87	$ 89
Forward exchange contracts | Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Other current assets	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Other current liabilities	Other current liabilities	Other current liabilities
Total current derivative contracts	$ 5	$ 1
Total current derivative contracts	$ 1	$ 11
Interest rate swaps | Not designated as hedging instrument
Derivatives, Fair Value [Line Items]
Other current assets	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Total current derivative contracts	$ 7	$ 0
Cash flow hedging | Commodity contracts
Derivatives, Fair Value [Line Items]
Other current assets	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Other current liabilities	Other current liabilities	Other current liabilities
Total current derivative contracts	$ 0	$ 6
Total current derivative contracts	$ 1	$ 3
Cash flow hedging | Forward exchange contracts
Derivatives, Fair Value [Line Items]
Other current assets	Prepaid expenses and other current assets	Prepaid expenses and other current assets
Other current liabilities	Other current liabilities	Other current liabilities
Other non-current liabilities	Other non-current liabilities	Other non-current liabilities
Total current derivative contracts	$ 3	$ 3
Total current derivative contracts	2	5
Total non-current derivative contracts	$ 0	$ 1
Cash flow hedging | Forward exchange contracts | Assets held for sale, net
Derivatives, Fair Value [Line Items]
Assets held for sale, net	Assets held for sale, net	Assets held for sale, net
Total current derivative contracts	$ 0	$ 3
Fair value hedging | Interest rate swaps
Derivatives, Fair Value [Line Items]
Other non-current liabilities	Other non-current liabilities	Other non-current liabilities
Total non-current derivative contracts	$ 83	$ 69

Derivative Instruments - Effect

Derivative Instruments - Effects of Derivatives on AOCI and Statement of Income (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Cash flow hedging
Derivative [Line Items]
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ 2	$ 3	$ (2)	$ 14
Cash flow hedging | Commodity contracts
Derivative [Line Items]
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ 4	3	2	15
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Foreign currency translation adjustment
Cash flow hedging | Forward exchange contracts
Derivative [Line Items]
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ (1)	1	(2)	1
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Net sales
Cash flow hedging | Treasury locks
Derivative [Line Items]
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ (1)	(1)	(2)	(2)
Derivative Instrument, Gain (Loss) Reclassified from AOCI into Income, Effective Portion, Statement of Income or Comprehensive Income [Extensible Enumeration]	Interest Expense
Fair value hedging
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships	$ 15	(54)	(13)	(61)
Fair value hedging | Forward exchange contracts
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships	0	(12)	$ 0	(12)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Other income/(expenses), net
Fair value hedging | Interest rate swaps
Derivative [Line Items]
Gain (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships	15	(42)	$ (13)	(49)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Interest Expense
Not designated as hedging instrument
Derivative [Line Items]
Gain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments	(1)	(9)	$ (5)	(42)
Not designated as hedging instrument | Forward exchange contracts
Derivative [Line Items]
Gain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments	(7)	(9)	$ (12)	(42)
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Other income/(expenses), net
Not designated as hedging instrument | Interest rate swaps
Derivative [Line Items]
Gain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments	$ 6	$ 0	$ 7	$ 0
Derivative, Gain (Loss), Statement of Income or Comprehensive Income [Extensible Enumeration]			Other income/(expenses), net

Components of Net Periodic Be_3

Components of Net Periodic Benefit Cost (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Retirement Benefits [Abstract]
Service cost	$ 4	$ 6	$ 13	$ 18
Interest cost	12	9	36	30
Expected return on plan assets	(14)	(14)	(42)	(47)
Amortization of actuarial loss	1	1	2	4
Amortization of prior service credit	(1)	(1)	(3)	(3)
Settlement costs	0	0	0	(3)
Net periodic benefit cost	$ 2	$ 1	$ 6	5
Defined Benefit Plan, Plan Assets, Increase (Decrease) for Assets Transferred to (from) Plan				$ 186

Debt (Details)

Debt (Details) € in Millions, $ in Millions	Mar. 31, 2023 USD ($)	Mar. 22, 2023 USD ($)	Mar. 22, 2023 EUR (€)	Dec. 31, 2022 USD ($)
Interest rate swaps
Debt Instrument, Redemption [Line Items]
Derivative, Notional Amount	$ 1,200			$ 1,250
Loans Payable | Euro Bonds Due 2023
Debt Instrument, Redemption [Line Items]
Debt Instrument, Face Amount		$ 322	€ 300
Debt Instrument, Interest Rate, Stated Percentage		2.75%	2.75%

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Income Tax Disclosure [Abstract]
Change in effective tax rate	(5.00%)		(9.30%)
Effective tax rate	16%	21%	12.50%	21.80%

Shareholders' Equity - Changes

Shareholders' Equity - Changes in Ordinary and Treasury Shares (Details) - USD ($) shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Beginning Balance	$ 4,411	$ 4,519	$ 4,141	$ 4,821
Share buyback / cancellations	(160)	(128)	(200)	(423)
Purchase of treasury shares	0	0	(221)	(133)
Ending Balance	4,308	4,577	$ 4,308	$ 4,577
Ordinary Shares
Beginning Balance (in shares)			1,489	1,538
Beginning Balance	15	15	$ 15	$ 15
Share buyback / cancellations (in shares)			(18)	(36)
Share buyback / cancellations	$ 0	$ 0	$ 0	$ 0
Ending Balance (in shares)	1,471	1,503	1,471	1,503
Ending Balance	$ 15	$ 15	$ 15	$ 15
Treasury Shares
Beginning Balance (in shares)			2	3
Beginning Balance	(18)	(37)	$ (18)	$ (29)
Options exercised and shares vested (in shares)			(19)	(11)
Options exercised and shares vested			$ 225	$ 127
Purchase of treasury shares (in shares)			18	11
Purchase of treasury shares	$ 0	$ 0	$ (221)	$ (133)
Ending Balance (in shares)	1	3	1	3
Ending Balance	$ (14)	$ (35)	$ (14)	$ (35)

Shareholders' Equity - Componen

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	$ (880)
Accumulated other comprehensive income (loss), ending balance	(857)
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	(48)	(41)
Amounts reclassified from accumulated other comprehensive loss	74	0
Net current period other comprehensive income / (loss)	26	(41)
Accumulated other comprehensive income (loss), ending balance	(866)	(732)
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 income / (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	(1)	(1)
Amounts reclassified from accumulated other comprehensive loss	(1)	4
Net current period other comprehensive income / (loss)	(2)	3
Accumulated other comprehensive income (loss), ending balance	38	(51)
Effective Derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(15)	(8)
Other comprehensive income / (loss) before reclassifications	(2)	8
Amounts reclassified from accumulated other comprehensive loss	1	(11)
Net current period other comprehensive income / (loss)	(1)	(3)
Accumulated other comprehensive income (loss), ending balance	(16)	(11)
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	(51)	(34)
Amounts reclassified from accumulated other comprehensive loss	74	(7)
Net current period other comprehensive income / (loss)	23	(41)
Accumulated other comprehensive income (loss), ending balance	$ (857)	$ (807)

Shareholders' Equity - Amounts

Shareholders' Equity - Amounts Reclassified from Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Accumulated Other Comprehensive Income (Loss) [Line Items]
Effect of pension settlement	$ 2	$ 5	$ 5	$ 12
Total before tax effect	213	343	999	899
Tax effect on amounts reclassified into earnings	(34)	(72)	(125)	(196)
Net income attributable to Amcor plc	177	269	868	696
Foreign currency translation adjustment	2,994	2,977	9,018	8,609
Reclassification out of AOCI | Amortization of prior service credit
Accumulated Other Comprehensive Income (Loss) [Line Items]
Effect of pension settlement	(1)	(1)	(3)	(3)
Reclassification out of AOCI | Amortization of actuarial loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Effect of pension settlement	1	1	2	4
Reclassification out of AOCI | Effect of pension settlement
Accumulated Other Comprehensive Income (Loss) [Line Items]
Effect of pension settlement	0	0	0	3
Reclassification out of AOCI | Total net of tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax effect	0	0	(1)	4
Tax effect on amounts reclassified into earnings	0	0	0	0
Net income attributable to Amcor plc	0	0	(1)	4
Reclassification out of AOCI | (Gains) losses on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax effect	(2)	(3)	2	(14)
Tax effect on amounts reclassified into earnings	0	1	(1)	3
Net income attributable to Amcor plc	(2)	(2)	1	(11)
Reclassification out of AOCI | (Gains) losses on cash flow hedges | Commodity contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustment	(4)	(3)	(2)	(15)
Reclassification out of AOCI | (Gains) losses on cash flow hedges | Forward exchange contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustment	1	(1)	2	(1)
Reclassification out of AOCI | (Gains) losses on cash flow hedges | Treasury locks
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustment	1	1	2	2
Reclassification out of AOCI | Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax effect	0	0	74	0
Tax effect on amounts reclassified into earnings	0	0	0	0
Net income attributable to Amcor plc	0	0	74	0
Foreign currency translation adjustment	$ 0	$ 0	$ 74	$ 0

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - $ / shares shares in Millions	3 Months Ended	6 Months Ended
	Mar. 31, 2023	Dec. 31, 2022	Jun. 30, 2022
May 2023 And September 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Forward contract indexed to issuer's equity, indexed shares (in shares)	10
Forward contract indexed to issuer's equity, forward rate per share (in USD per share)	$ 12.38
November 2022 and June 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Forward contract indexed to issuer's equity, indexed shares (in shares)			14
Forward contract indexed to issuer's equity, forward rate per share (in USD per share)		$ 12.67
Forward contract indexed to equity, settlement, number of shares (in shares)	11

Segments - Narrative (Details)

Segments - Narrative (Details)	9 Months Ended
	Mar. 31, 2023 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		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Information [Line Items]
Net sales	$ 3,667	$ 3,708	$ 11,021	$ 10,635
Adjusted earnings before interest and taxes ("Adjusted EBIT")	(382)	(427)	(1,173)	(1,196)
Material restructuring programs	0	(9)	0	(26)
Amortization of acquired intangible assets in business combinations	(40)	(40)	(120)	(122)
Impact of hyperinflation	(6)	(6)	(19)	(10)
Net loss on disposals	0	0	0	(9)
Property and other gains/(losses), net	0	4	0	(23)
Pension settlement	0	0	0	(3)
Russia-Ukraine conflict impacts	(48)	0	156	0
Other	(4)	(2)	(2)	(4)
Interest income	15	5	35	15
Interest expense	(86)	(36)	(224)	(115)
Asset Impairment Charges		9		9
Flexibles
Segment Reporting Information [Line Items]
Net sales	2,787	2,837	8,378	8,184
Adjusted earnings before interest and taxes ("Adjusted EBIT")	(337)	(378)	(1,043)	(1,069)
Rigid Packaging
Segment Reporting Information [Line Items]
Net sales	880	871	2,643	2,451
Adjusted earnings before interest and taxes ("Adjusted EBIT")	(69)	(77)	(192)	(194)
Other
Segment Reporting Information [Line Items]
Adjusted earnings before interest and taxes ("Adjusted EBIT")	(24)	(28)	(62)	(67)
Reportable segments | Flexibles
Segment Reporting Information [Line Items]
Net sales	2,787	2,837	8,378	8,184
Reportable segments | Rigid Packaging
Segment Reporting Information [Line Items]
Net sales	880	871	2,643	2,451
Reportable segments | Other
Segment Reporting Information [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0

Segments - Segment Disaggregati

Segments - Segment Disaggregation of Sales (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Net sales	$ 3,667	$ 3,708	$ 11,021	$ 10,635
Flexibles
Disaggregation of Revenue [Line Items]
Net sales	2,787	2,837	8,378	8,184
Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	880	871	2,643	2,451
North America
Disaggregation of Revenue [Line Items]
Net sales	1,817	1,780	5,364	5,067
North America | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	1,129	1,103	3,327	3,152
North America | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	688	677	2,037	1,915
Latin America
Disaggregation of Revenue [Line Items]
Net sales	463	456	1,431	1,305
Latin America | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	271	262	825	769
Latin America | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	192	194	606	536
Europe
Disaggregation of Revenue [Line Items]
Net sales	985	1,049	2,970	2,972
Europe | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	985	1,049	2,970	2,972
Europe | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Asia Pacific
Disaggregation of Revenue [Line Items]
Net sales	402	423	1,256	1,291
Asia Pacific | Flexibles
Disaggregation of Revenue [Line Items]
Net sales	402	423	1,256	1,291
Asia Pacific | Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	$ 0	$ 0	$ 0	$ 0

Earnings Per Share Computatio_3

Earnings Per Share Computations (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Amcor plc	$ 177	$ 269	$ 868	$ 696
Distributed and undistributed earnings attributable to shares to be repurchased	(1)	(1)	(6)	(2)
Net income available to ordinary shareholders of Amcor plc—basic and diluted	$ 176	$ 268	$ 862	$ 694
Weighted-average ordinary shares outstanding	1,480	1,506	1,484	1,521
Weighted-average ordinary shares to be repurchased by Amcor plc	(10)	(3)	(11)	(4)
Effect of dilutive shares	6	4	9	4
Weighted-average ordinary shares outstanding for EPS—diluted	1,476	1,507	1,482	1,521
Basic earnings per ordinary share	$ 0.120	$ 0.178	$ 0.585	$ 0.457
Diluted earnings per ordinary share	$ 0.119	$ 0.178	$ 0.581	$ 0.456
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	1,470	1,503	1,473	1,517

Earnings Per Share Computatio_4

Earnings Per Share Computations - Narrative (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	15	9	13	6

Contingencies and Legal Proce_2

Contingencies and Legal Proceedings (Details) $ in Millions	Mar. 31, 2023 USD ($)
Loss Contingencies [Line Items]
Loss Contingency Accrual, Provision	$ 13
Loss Contingency, Estimate of Possible Loss	22
Loss Contingency, Letters of Credit	39
Loss Contingency, Judicial Insurance	1
Loss Contingency, Cash Deposited	13
Accrual for Environmental Loss Contingencies, Component Amount	42
Potentially Responsible Party [Member]
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies, Component Amount	$ 17

Subsequent Events (Details)

Subsequent Events (Details) - $ / shares		3 Months Ended		9 Months Ended
	May 02, 2023	Mar. 31, 2023	Mar. 31, 2022	Mar. 31, 2023	Mar. 31, 2022
Subsequent Event [Line Items]
Dividends declared, per share (in USD per share)		$ 0.1225	$ 0.12	$ 0.365	$ 0.3575
Subsequent Event
Subsequent Event [Line Items]
Dividends declared, per share (in USD per share)	$ 0.1225