Amcor (AMCR) 10-Q1 May 242024 Q3 Quarterly reportFinancial data

Company Profile

Cover Page

Cover Page - shares	9 Months Ended
Cover Page - shares	Mar. 31, 2024	Apr. 29, 2024
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2024
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		1,445,343,212
Entity Central Index Key	0001748790
Current Fiscal Year End Date	--06-30
Document Fiscal Year Focus	2024
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
Trading Symbol	AMCR
Security Exchange Name	NYSE
1.125% Guaranteed Senior Notes Due 2027
Entity Information [Line Items]
Title of 12(b) Security	1.125% Guaranteed Senior Notes Due 2027
Trading Symbol	AUKF/27
Security Exchange Name	NYSE

Condensed Consolidated Statemen

Condensed Consolidated Statements of Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Statement [Abstract]
Net sales	$ 3,411	$ 3,667	$ 10,105	$ 11,021
Cost of sales	(2,719)	(2,994)	(8,147)	(9,018)
Gross profit	692	673	1,958	2,003
Operating expenses:
Selling, general, and administrative expenses	(330)	(317)	(931)	(917)
Research and development expenses	(25)	(27)	(80)	(76)
Restructuring and other related activities, net	(30)	(50)	(82)	162
Other income/(expenses), net	0	3	(46)	11
Operating income	307	282	819	1,183
Interest income	10	15	31	35
Interest expense	(89)	(86)	(263)	(224)
Other non-operating income, net	2	2	2	5
Income before income taxes and equity in loss of affiliated companies	230	213	589	999
Income tax expense	(40)	(34)	(107)	(125)
Equity in loss of affiliated companies, net of tax	(1)	0	(3)	0
Net income	189	179	479	874
Net income attributable to non-controlling interests	(2)	(2)	(6)	(6)
Net income attributable to Amcor plc	$ 187	$ 177	$ 473	$ 868
Basic earnings per share (USD per share)	$ 0.129	$ 0.120	$ 0.327	$ 0.585
Diluted earnings per share (USD per share)	$ 0.129	$ 0.119	$ 0.327	$ 0.581

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Income - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Net income	$ 189	$ 179	$ 479	$ 874
Other comprehensive income (loss):
Net gains/(losses) on cash flow hedges, net of tax	0	2	3	(1)
Foreign currency translation adjustments, net of tax	(41)	43	(10)	26
Pension, net of tax	0	1	(1)	2
Other comprehensive income/(loss)	(41)	44	(6)	23
Total comprehensive income	148	223	473	897
Comprehensive income attributable to non-controlling interests	(2)	(2)	(6)	(6)
Comprehensive income attributable to Amcor plc	$ 146	$ 221	$ 467	$ 891

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Comprehensive Income (Parenthetical) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Comprehensive Income [Abstract]
Tax benefit related to cash flow hedges	$ 0	$ 1	$ 1	$ 0
Tax expense related to foreign currency translation adjustments	(3)	(2)	(1)	(3)
Tax benefit related to pension adjustments	$ 0	$ 0	$ 0	$ 0

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($) $ in Millions	Mar. 31, 2024	Jun. 30, 2023
Current assets:
Cash and cash equivalents	$ 457	$ 689
Trade receivables, net of allowance for credit losses of $23 and $21, respectively	1,935	1,875
Raw materials and supplies	889	992
Work in process and finished goods	1,196	1,221
Prepaid expenses and other current assets	552	531
Total current assets	5,029	5,308
Non-current assets:
Property, plant, and equipment, net	3,762	3,762
Operating lease assets	551	533
Deferred tax assets	129	134
Other intangible assets, net	1,431	1,524
Goodwill	5,360	5,366
Employee benefit assets	68	67
Other non-current assets	330	309
Total non-current assets	11,631	11,695
Total assets	16,660	17,003
Current liabilities:
Current portion of long-term debt	12	13
Short-term debt	119	80
Trade payables	2,195	2,690
Accrued employee costs	338	396
Other current liabilities	1,249	1,297
Total current liabilities	3,913	4,476
Non-current liabilities:
Long-term debt, less current portion	7,055	6,653
Operating lease liabilities	479	463
Deferred tax liabilities	600	616
Employee benefit obligations	202	224
Other non-current liabilities	403	481
Total non-current liabilities	8,739	8,437
Total liabilities	12,652	12,913
Commitments and contingencies (See Note 14)
Amcor plc shareholders’ equity:
Common stock	14	14
Additional paid-in capital	4,007	4,021
Retained earnings	802	865
Accumulated other comprehensive loss	(868)	(862)
Treasury shares (1 and 1 million shares, respectively)	(11)	(12)
Total Amcor plc shareholders' equity	3,944	4,026
Non-controlling interests	64	64
Total shareholders' equity	4,008	4,090
Total liabilities and shareholders' equity	$ 16,660	$ 17,003

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parenthetical) - USD ($) shares in Millions, $ in Millions	Mar. 31, 2024	Jun. 30, 2023
Statement of Financial Position [Abstract]
Trade receivables, allowance for doubtful accounts	$ 23	$ 21
Ordinary shares, par value (USD per share)	$ 0.01	$ 0.01
Ordinary shares authorized (in shares)	9,000	9,000
Ordinary shares issued (in shares)	1,445	1,448
Treasury stock (in shares)	1	1

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Cash flows from operating activities:
Net income	$ 479	$ 874
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation, amortization, and impairment	448	428
Net periodic benefit cost	10	6
Amortization of debt discount and other deferred financing costs	8	1
Net gain on disposal of property, plant, and equipment	1	5
Net gain on disposal of businesses	0	219
Equity in loss of affiliated companies	(3)	0
Net foreign exchange loss	24	29
Share-based compensation	20	42
Other, net	(18)	42
Loss from highly inflationary accounting for Argentine subsidiaries	102	43
Deferred income taxes, net	(17)	(43)
Changes in operating assets and liabilities, excluding effect of acquisitions, divestitures, and currency	(680)	(869)
Net cash provided by operating activities	378	329
Cash flows from investing activities:
Issuance of loans to affiliated companies and other	0	1
Investments in affiliated companies and other	(3)	(55)
Business acquisitions	(20)	(88)
Purchase of property, plant, and equipment, and other intangible assets	(358)	(382)
Proceeds from divestitures	0	365
Proceeds from sales of property, plant, and equipment, and other intangible assets	12	12
Net cash used in investing activities	(369)	(149)
Cash flows from financing activities:
Proceeds from issuance of shares	0	133
Purchase of treasury shares and tax withholdings for share-based incentive plans	(51)	(221)
Proceeds from issuance of long-term debt	0	23
Repayment of long-term debt	(18)	(334)
Net borrowing of commercial paper	416	717
Net borrowing of short-term debt	28	58
Repayment of lease liabilities	(9)	(3)
Share buybacks/cancellations	(30)	(200)
Dividends paid	(542)	(545)
Net cash used in financing activities	(206)	(372)
Effect of exchange rates on cash and cash equivalents	(35)	(94)
Net decrease in cash and cash equivalents	(232)	(286)
Cash and cash equivalents balance at beginning of year	689	850
Cash and cash equivalents balance at end of period	457	564
Supplemental cash flow information:
Interest paid, net of amounts capitalized	237	202
Income taxes paid	163	130
Supplemental non-cash disclosures relating to investing and financing activities:
Purchase of property, plant, and equipment, accrued but unpaid	62	69
Contingent purchase considerations related to acquired businesses, accrued but not paid	$ 26	$ 26

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, 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		0				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
Share-based compensation expense	13		13
Ending Balance at Mar. 31, 2023	4,308	15	4,241	863	(857)	(14)	60
Beginning Balance at Jun. 30, 2023	4,090	14	4,021	865	(862)	(12)	64
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	479			473			6
Other comprehensive income	(6)				(6)		0
Share buyback/cancellations	(30)	0	(30)
Dividends declared	(542)			(536)			(6)
Options exercised and shares vested	(3)		(52)			49
Net settlement of forward contracts to purchase own equity for share-based incentive plans, net of tax	48		48
Purchase of treasury shares	(48)					(48)
Share-based compensation expense	20		20
Ending Balance at Mar. 31, 2024	4,008	14	4,007	802	(868)	(11)	64
Beginning Balance at Dec. 31, 2023	4,027	14	3,993	795	(827)	(11)	63
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Net income	189			187			2
Other comprehensive income	(41)				(41)		0
Dividends declared	(181)			(180)			(1)
Share-based compensation expense	14		14
Ending Balance at Mar. 31, 2024	$ 4,008	$ 14	$ 4,007	$ 802	$ (868)	$ (11)	$ 64

Condensed Consolidated Statem_6

Condensed Consolidated Statement of Equity (Parenthetical) - $ / shares	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Statement of Stockholders' Equity [Abstract]
Dividends declared, per share (in USD per share)	$ 0.125	$ 0.1225	$ 0.3725	$ 0.365

Nature of Operations and Basis

Nature of Operations and Basis of Presentation	9 Months Ended
Nature of Operations and Basis of Presentation	Mar. 31, 2024
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, 2023 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 the Company's interim financial position, results of operations, and cash flows. 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, 2023. There have been no material changes to the accounting policies followed by the Company during the current fiscal year. 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
New Accounting Guidance	Mar. 31, 2024
Accounting Policies [Abstract]
New Accounting Guidance	New Accounting Guidance Recently Adopted Accounting Standards In September 2022, the Financial Accounting Standards Board ("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 Company adopted the disclosure requirements in ASU 2022-04 on July 1, 2023, except for the amendment on roll forward information, which is effective in fiscal year 2025. The Company facilitates several regional voluntary supply chain financing ("SCF") programs with financial institutions, all of which have similar characteristics. The Company establishes these SCF programs to provide its suppliers with a potential source of liquidity and to enable a more efficient payment process. Under these SCF programs, qualifying suppliers may elect, but are not obligated, to sell their receivables due from Amcor to these financial institutions in advance of the agreed payment due date. The Company is not involved in negotiations between the suppliers and the financial institutions, and its rights and obligations to its suppliers are not impacted by its suppliers’ decisions to sell amounts to the financial institutions. Under these SCF programs, the Company agrees to pay the financial institution the stated invoice amounts from its participating suppliers on the original maturity dates of the invoices. The range of payment terms negotiated with suppliers under these arrangements are consistent with industry norms and short-term in nature, regardless of whether a supplier participates in the program. The Company's SCF programs do not include any guarantees to the financial institutions, or any assets pledged as securities. All outstanding amounts related to suppliers participating in the SCF programs are reflected in trade payables in the Company’s unaudited condensed consolidated balance sheets, and associated payments are included in operating activities within the Company’s unaudited condensed consolidated statements of cash flows. As of March 31, 2024 and June 30, 2023, the amounts due to suppliers participating in the Company’s SCF programs amounted to $0.9 billion and $1.1 billion, respectively. Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU 2023-07 that adds new reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The standard's amendments are effective for the Company for annual periods beginning July 1, 2024, and interim periods beginning July 1, 2025, with early adoption permitted, and will be applied retrospectively to all periods in the financial statements. The Company will adopt this guidance in fiscal year 2025. The Company is currently evaluating the impact that this guidance will have on its disclosures. In December 2023, the FASB issued ASU 2023-09 that adds new income tax disclosure requirements, primarily related to existing income tax rate reconciliation and income taxes paid information. The standard's amendments are effective for the Company for annual periods beginning July 1, 2025, with early adoption permitted, and can be applied either prospectively or retrospectively. The Company is currently evaluating the impact that this guidance will have on its disclosures. 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 operations, financial position, and disclosures.

Restructuring and Other Related

Restructuring and Other Related Activities, Net	9 Months Ended
Restructuring and Other Related Activities, Net	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring and Other Related Activities, Net	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) 2024 2023 2024 2023 Gain on disposal of Russian business, net $ — $ — $ — $ 215 Restructuring and related expenses, net (30) (50) (82) (53) Restructuring and other related activities, net $ (30) $ (50) $ (82) $ 162 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, "Acquisitions and Disposals". Refer to Note 5, "Restructuring" for information on restructuring and related expenses, net.

Acquisitions and disposals

Acquisitions and disposals	9 Months Ended
Acquisitions and disposals	Mar. 31, 2024
Business Combination and Asset Acquisition [Abstract]
Acquisitions and Disposals	Acquisitions and Disposals Fiscal Year 2024 - Acquisition On September 27, 2023, the Company completed the acquisition of a small manufacturer of flexible packaging for food, home care, and personal care applications in India for a purchase consideration of $14 million plus the assumption of debt of $10 million. The acquisition is part of the Company's Flexibles reportable segment and 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. Fiscal Year 2023 - Acquisitions On May 31, 2023, the Company completed the acquisition of a New Zealand based leading manufacturer of state-of-the-art, automated protein packaging machines. The purchase consideration of $45 million is subject to customary post-closing adjustments. The consideration includes contingent consideration of $13 million, to be earned and paid in cash over the two 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 $21 million and goodwill of $24 million. Goodwill is 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, 2024 using information available as of the acquisition date , and are considered preliminary. 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. On March 17, 2023, the Company completed the acquisition of a 100% equity interest in a medical device packaging manufacturing site in Shanghai, China. The purchase consideration of $61 million included 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 $21 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 using information available as of the acquisition date. The fair value estimates for all three acquisitions in fiscal years 2024 and 2023 were based on income, market, and cost valuation methods. Pro forma information related to these acquisitions has not been presented, as the effect of the acquisitions on the Company's consolidated financial statements was not material. Fiscal Year 2023 - Disposal On December 23, 2022, the Company completed the sale of the Russian business after receiving all necessary regulatory approvals and cash proceeds, including receipt of closing cash balances. The sale followed the Company’s previously announced plan to pursue the orderly sale of its Russian business. The total net cash consideration received, excluding disposed cash and items settled net, was $365 million and resulted in a net pre-tax net gain of $215 million. The carrying value of the Russian business had previously been impaired by $90 million in the quarter ended June 30, 2022. The impairment charge was based on the Company's best estimate of the fair value of its Russian business, which considered the wide range of indicative bids received and uncertain regulatory environment. The net pre-tax gain on disposal of the Russian business was recorded as restructuring and other related activities, net within the unaudited condensed consolidated statements of income. The Russian business had a net carrying value of $252 million, including allocated goodwill of $46 million and accumulated other comprehensive losses of $73 million, primarily attributed to foreign currency translation adjustments.

Restructuring

Restructuring	9 Months Ended
Restructuring	Mar. 31, 2024
Restructuring and Related Activities [Abstract]
Restructuring	Restructuring Restructuring and related expenses, net, were $30 million and $50 million during the three months ended March 31, 2024 and 2023, respectively, and $82 million and $53 million during the nine months ended March 31, 2024 and 2023, respectively. The Company's restructuring activities for the three and nine months ended March 31, 2024 and 2023 were primarily comprised of restructuring activities related to the 2023 Restructuring Plan (as defined below). 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 its restructuring activities. 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 offset divested earnings from the Russian business (the "2023 Restructuring Plan" or the "Plan"). The Company expects the total Plan cash and non-cash net expenses to total approximately $230 million. As of March 31, 2024, the Company has initiated projects with an expected net cost of approximately $227 million, of which $92 million relates to employee related expenses, $48 million to fixed asset related expenses (net of expected gains on asset disposals), $61 million to other restructuring expenses, and $26 million to restructuring related expenses. The projects initiated as of March 31, 2024 are expected to result in approximately $120 million of net cash expenditures. The Plan includes both the Flexibles and Rigid Packaging reportable segments and is expected to be largely completed by the end of calendar year 2024. From the initiation of the Plan through March 31, 2024, the Company has incurred $80 million in employee related expenses, $36 million in fixed asset related expenses, $38 million in other restructuring, and $17 million in restructuring related expenses, with $149 million incurred in the Flexibles reportable segment and $22 million incurred in the Rigid Packaging reportable segment. The Plan has resulted in cumulative net cash outflows of $70 million. Additional cash payments of approximately $10 million to $15 million, net of estimated proceeds from disposals, are expected for the remainder of the fiscal year 2024, the majority of which relates to the Flexibles reportable segment. The restructuring related costs relate primarily to the closure of facilities and include startup and training costs after relocation of equipment, and other costs incidental to the Plan. Other Restructuring Plans The Company has entered into other individually immaterial restructuring plans ("Other Restructuring Plans"). Expenses incurred on such programs are primarily costs to move equipment and other costs. Consolidated Restructuring Plans The total costs incurred from the beginning of the Company's 2023 Restructuring Plan and Other Restructuring Plans are as follows: ($ in millions) 2023 Restructuring Plan (1) Other Restructuring Plans (2) Total Restructuring and Related Expenses Fiscal year 2023 $ 94 $ 17 $ 111 Fiscal year 2024, first quarter 26 2 28 Fiscal year 2024, second quarter 22 2 24 Fiscal year 2024, third quarter 29 1 30 Net expenses incurred $ 171 $ 22 $ 193 (1) Includes restructuring related expenses from the 2023 Restructuring Plan of $6 million, $3 million, $4 million, and $4 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively. In the three and nine months ended March 31, 2024, $24 million and $63 million of restructuring and related expenses, net, were incurred in the Flexibles reportable segment and $5 million and $14 million in the Rigid Packaging reportable segment. (2) Includes restructuring related costs of $4 million, nil, $1 million, and $1 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively. An analysis of the restructuring charges by type incurred is as follows: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Employee related expenses $ 3 $ 35 $ 16 $ 37 Fixed asset related expenses 11 4 23 4 Other expenses 11 8 30 8 Total restructuring expenses, net $ 25 $ 47 $ 69 $ 49 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, 2023 $ 126 $ 3 $ 21 $ 150 Net charges to earnings 16 23 30 69 Cash paid (50) (2) (29) (81) Non-cash and other — (22) (3) (25) Foreign currency translation (3) — — (3) Liability balance as of March 31, 2024 $ 89 $ 2 $ 19 $ 110

Goodwill and Other Intangible A

Goodwill and Other Intangible Assets, Net	9 Months Ended
Goodwill and Other Intangible Assets, Net	Mar. 31, 2024
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 were as follows: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2023 $ 4,391 $ 975 $ 5,366 Acquisitions (1) 1 — 1 Foreign currency translation (6) (1) (7) Balance as of March 31, 2024 $ 4,386 $ 974 $ 5,360 (1) Acquisitions are attributed to goodwill recognized in connection with the business combinations detailed in Note 4, "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, 2024 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 2,002 $ (760) $ 1,242 Computer software 267 (180) 87 Other (2) 335 (233) 102 Total other intangible assets $ 2,604 $ (1,173) $ 1,431 June 30, 2023 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,987 $ (660) $ 1,327 Computer software 261 (185) 76 Other (2) 327 (206) 121 Total other intangible assets $ 2,575 $ (1,051) $ 1,524 (1) Accumulated amortization and impairment as of March 31, 2024 and June 30, 2023 included $34 million of accumulated impairment in the Other category. (2) As of March 31, 2024 and June 30, 2023, Other included $17 million 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 $46 million and $43 million during the three months ended March 31, 2024 and 2023, respectively, and $137 million and $130 million during the nine months ended March 31, 2024 and 2023, respectively.

Fair Value Measurements

Fair Value Measurements	9 Months Ended
Fair Value Measurements	Mar. 31, 2024
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, 2024 and June 30, 2023, 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 values and estimated fair values of long-term debt with fixed interest rates (excluding the fair value of designated receive-fixed/pay-variable interest rate swaps) were as follows: March 31, 2024 June 30, 2023 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 (1) and finance leases) $ 4,127 $ 3,958 $ 4,123 $ 3,844 (1) As of March 31, 2024, and June 30, 2023, the Company held interest rate swap contracts for a total notional amount of commercial paper equal to $1.2 billion. These contracts are considered to be economic hedges and the related $1.2 billion notional amount of commercial paper is also excluded from the total long-term debt with fixed interest rates. Assets and Liabilities Measured and Recorded at Fair Value on a Recurring Basis Additionally, the Company measures and records certain assets and liabilities, including derivative instruments and contingent purchase consideration liabilities, at fair value. The following tables summarize the fair values of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy: March 31, 2024 ($ in millions) Level 1 Level 2 Level 3 Total Assets Forward exchange contracts — 3 — 3 Interest rate swaps — 4 — 4 Total assets measured at fair value $ — $ 7 $ — $ 7 Liabilities Contingent purchase consideration $ — $ — $ 36 $ 36 Commodity contracts — 1 — 1 Forward exchange contracts — 4 — 4 Interest rate swaps — 93 — 93 Total liabilities measured at fair value $ — $ 98 $ 36 $ 134 June 30, 2023 ($ in millions) Level 1 Level 2 Level 3 Total Assets Forward exchange contracts $ — $ 3 $ — $ 3 Interest rate swaps — 16 — 16 Total assets measured at fair value $ — $ 19 $ — $ 19 Liabilities Contingent purchase consideration $ — $ — $ 46 $ 46 Commodity contracts — 2 — 2 Forward exchange contracts — 5 — 5 Interest rate swaps — 96 — 96 Total liabilities measured at fair value $ — $ 103 $ 46 $ 149 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 and other investments. As of March 31, 2024, the Company had contingent purchase consideration liabilities of $36 million, consisting of $26 million of contingent purchase consideration predominantly relating to fiscal year 2023 acquisitions (refer to Note 4, "Acquisitions and Disposals") and a $10 million liability that is contingent on future royalty income generated by Discma AG, a subsidiary acquired in March 2017. The fair values of the contingent purchase consideration liabilities were determined for each arrangement individually. The fair values were determined using an income approach with significant inputs that are not observable in the market. Key assumptions include the selection of 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 not expected to be material. During the three and nine months ended March 31, 2024, income of $1 million and $10 million, respectively, were recorded in other income/(expenses), net from remeasuring the fair values of the Company's contingent purchase consideration liabilities. 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 certain assets at fair value on a nonrecurring basis, generally when events or changes in circumstances indicate the carrying value may not be recoverable, or when they are deemed to be other than temporarily impaired. These assets include goodwill and other intangible assets, equity method and other investments, assets held for sale, and other long-lived assets. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges or as a result of charges to remeasure assets classified as held for sale to fair value less costs to sell. The fair values of these assets are determined, when applicable, based on valuation techniques using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections. These nonrecurring fair value measurements are considered to be Level 3 in the fair value hierarchy. During the nine months ended March 31, 2024 and 2023, there were no impairment charges recorded on indefinite-lived intangibles, including goodwill. For information on long-lived asset impairments, refer to fixed asset related expenses in Note 5, "Restructuring".

Derivative Instruments

Derivative Instruments	9 Months Ended
Derivative Instruments	Mar. 31, 2024
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 rates, commodity prices, and currency risks. The Company does not hold or issue derivative instruments for speculative or trading purposes. For hedges that meet 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 designated 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. In March 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 Secured Overnight Financing Rate ("SOFR"), from July 2023 through June 2024, settled monthly. As of March 31, 2024 and June 30, 2023, the Company had no other 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, 2024, and June 30, 2023, the total notional amount of the Company’s receive-fixed/pay-variable interest rate swaps was $650 million. Foreign Currency Risk The Company manufactures and sells its products and finances operations in a number of countries throughout the world and, as a result, is exposed to movements in foreign currency exchange rates. The purpose of the Company's foreign currency hedging program is to manage the volatility associated with the changes in exchange rates. To manage this exchange rate risk, the Company utilizes forward contracts. Contracts that qualify for hedge accounting are designated as cash flow hedges of certain forecasted transactions denominated in foreign currencies. The effective portion of the changes in fair value of these instruments is reported in accumulated other comprehensive loss ("AOCI") and reclassified into earnings in the same financial statement line item and in the same period or periods during which the related hedged transactions affect earnings. The ineffective portion is recognized in earnings over the life of the hedging relationship in the same consolidated statements of income line item as the underlying hedged item. Changes in the fair value of forward contracts that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statements of income. As of March 31, 2024, and June 30, 2023, the notional amount of the outstanding forward contracts was $518 million and $462 million, respectively. Commodity Risk Certain raw materials used in the Company's production processes are subject to price volatility caused by weather, supply conditions, political and economic variables, and other unpredictable factors. The Company's policy is to minimize exposure to price volatility by passing through the commodity price risk to customers, including through the use of fixed price swaps. In some cases, the Company purchases, on behalf of customers, fixed price commodity swaps to offset the exposure of price volatility on the underlying sales contracts. These instruments are cash closed out on maturity and the related cost or benefit is passed through to customers. Information about commodity price exposure is derived from supply forecasts submitted by customers and these exposures are hedged by central treasury units. Changes in the fair value of commodity hedges are recognized in AOCI. The cumulative amount of the hedge is recognized in the unaudited condensed consolidated statements of income when the forecasted transaction is realized. The Company had the following outstanding commodity contracts to hedge forecasted purchases: March 31, 2024 June 30, 2023 Commodity Volume Volume Aluminum 13,019 tons 14,325 tons PET resin 11,066,666 lbs. — lbs. The following table provides the location of derivative instruments in the unaudited condensed consolidated balance sheets: ($ in millions) Balance Sheet Location March 31, 2024 June 30, 2023 Assets Derivatives in cash flow hedging relationships: Forward exchange contracts Other current assets 3 2 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets — 1 Interest rate swaps Other current assets 4 16 Total current derivative contracts 7 19 Total non-current derivative contracts — — Total derivative asset contracts $ 7 $ 19 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 1 $ 2 Forward exchange contracts Other current liabilities 3 3 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 1 1 Total current derivative contracts 5 6 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 93 96 Total non-current derivative contracts 93 97 Total derivative liability contracts $ 98 $ 103 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 Gain / (Loss) Reclassified from AOCI into Income (Effective Portion) Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ (1) $ 4 $ (2) $ 2 Forward exchange contracts Net sales 1 (1) 1 (2) Treasury locks Interest expense (1) (1) (2) (2) Total $ (1) $ 2 $ (3) $ (2) 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) 2024 2023 2024 2023 Derivatives not designated as hedging instruments Forward exchange contracts Other income/(expenses), net $ 3 $ (7) $ 11 $ (12) Interest rate swaps Other income/(expenses), net (3) 6 (12) 7 Total $ — $ (1) $ (1) $ (5) 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) 2024 2023 2024 2023 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ (11) $ 15 $ 3 $ (13) Total $ (11) $ 15 $ 3 $ (13)

Components of Net Periodic Bene

Components of Net Periodic Benefit Cost	9 Months Ended
Components of Net Periodic Benefit Cost	Mar. 31, 2024
Retirement Benefits [Abstract]
Components of Net Periodic Benefit Cost	Components of Net Periodic Benefit Cost Net periodic benefit cost for defined benefit plans included the following components: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Service cost $ 4 $ 4 $ 13 $ 13 Interest cost 13 12 38 36 Expected return on plan assets (14) (14) (42) (42) Amortization of actuarial loss 1 1 3 2 Amortization of prior service credit (1) (1) (3) (3) Settlement costs — — 1 — Net periodic benefit cost $ 3 $ 2 $ 10 $ 6 Service cost is included in operating income. All other components of net periodic benefit cost are recorded within other non-operating income, net.

Income Taxes

Income Taxes	9 Months Ended
Income Taxes	Mar. 31, 2024
Income Tax Disclosure [Abstract]
Income Taxes	Income Taxes The provision for income taxes for the three and nine months ended March 31, 2024 and 2023 is based on the Company’s estimated annual effective tax rate for the respective fiscal years which is applied on income before income taxes and equity in loss of affiliated companies, and is 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, 2024 increased by 1.4 percentage points compared to the three months ended March 31, 2023 from 16.0% to 17.4%, primarily due to the difference in the magnitude of discrete events in both periods.

Shareholders' Equity

Shareholders' Equity	9 Months Ended
Shareholders' Equity	Mar. 31, 2024
Equity [Abstract]
Shareholders' Equity	Shareholders' Equity The changes in ordinary and treasury shares during the nine months ended March 31, 2024 and 2023 were as follows: Ordinary Shares Treasury Shares (shares and $ in millions) Number of Shares Amount Number of Shares Amount 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) Balance as of June 30, 2023 1,448 $ 14 1 $ (12) Share buyback / cancellations (3) — — — Shares vested — — (4) 49 Purchase of treasury shares — — 4 (48) Balance as of March 31, 2024 1,445 $ 14 1 $ (11) The changes in the components of accumulated other comprehensive loss, net of tax, during the nine months ended March 31, 2024 and 2023 were as follows: Foreign Currency Translation Net Investment Hedge Pension Effective Derivatives Total Accumulated Other Comprehensive Loss ($ in millions) 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) Balance as of June 30, 2023 $ (823) $ (13) $ (10) $ (16) $ (862) Other comprehensive loss before reclassifications (10) — — — (10) Amounts reclassified from accumulated other comprehensive loss — — 1 3 4 Net current period other comprehensive income / (loss) (10) — 1 3 (6) Balance as of March 31, 2024 $ (833) $ (13) $ (9) $ (13) $ (868) The following tables provide details of amounts reclassified from AOCI into income: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Amortization of pension: Amortization of prior service credit $ (1) $ (1) $ (3) $ (3) Amortization of actuarial loss 1 1 3 2 Effect of pension settlement — — 1 — Total before tax effect — — 1 (1) Tax effect — — — — Total net of tax $ — $ — $ 1 $ (1) (Gains)/Losses on cash flow hedges: Commodity contracts $ 1 $ (4) $ 2 $ (2) Forward exchange contracts (1) 1 (1) 2 Treasury locks 1 1 2 2 Total before tax effect 1 (2) 3 2 Tax effect — — — (1) Total net of tax $ 1 $ (2) $ 3 $ 1 Losses on foreign currency translation Foreign currency translation adjustment $ — $ — $ — $ 74 Total before tax effect — — — 74 Tax effect — — — — 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 which exposes the Company to market price risk. To protect the Company from share price volatility, the Company entered into forward contracts for the purchase of its ordinary shares. As of March 31, 2024, the Company had forward contracts outstanding that were entered into in September 2022 and mature in September 2024 to purchase 6 million shares at a weighted average price of $12.11. As of June 30, 2023, the Company had forward contracts outstanding that were entered into in May 2022 and September 2022 that matured between September 2023 and November 2023 to purchase 9 million shares at a weighted average price of $12.39. During the nine months ended March 31, 2024, forward contracts related to 3 million shares were settled, which were outstanding as of June 30, 2023. The forward contracts to purchase the Company's own shares have been included in other current liabilities in the unaudited condensed consolidated balance sheets. 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
Segments	Mar. 31, 2024
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 results of the Russian business sold on December 23, 2022 are included in the comparative period results until the date of sale. 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) 2024 2023 2024 2023 Flexibles $ 2,598 $ 2,787 $ 7,646 $ 8,378 Rigid Packaging 813 880 2,459 2,643 Other — — — — Net sales $ 3,411 $ 3,667 $ 10,105 $ 11,021 Adjusted earnings before interest and taxes ("Adjusted EBIT") Flexibles $ 358 $ 337 $ 992 $ 1,043 Rigid Packaging 71 69 184 192 Other (32) (24) (70) (62) Adjusted EBIT 397 382 1,106 1,173 Less: Amortization of acquired intangible assets from business combinations (1) (43) (40) (126) (120) Less: Impact of hyperinflation (2) (4) (6) (55) (19) Add/(Less): Restructuring and other related activities, net (3) (30) (48) (82) 156 Less: CEO transition costs (4) (8) — (8) — Less: Other (5) (4) (4) (17) (2) Interest income 10 15 31 35 Interest expense (89) (86) (263) (224) Equity in loss of affiliated companies, net of tax 1 — 3 — Income before income taxes and equity in loss of affiliated companies $ 230 $ 213 $ 589 $ 999 (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) Restructuring and other related activities, net primarily includes costs incurred in connection with the 2023 Restructuring Plan in fiscal year 2024. Fiscal year 2023 includes a pre-tax net gain on sale of the Russian business of $215 million in the nine months ended March 31, 2023 (refer to Note 3, "Restructuring and Other Related Activities, Net"), and incremental costs and restructuring incurred in connection with the conflict in the three and nine months ended March 31, 2023. (4) CEO transition costs primarily reflect accelerated compensation, including share-based compensation, granted to the Company's former Chief Executive Officer and other transition related expenses. (5) Other includes various expense and income items relating to acquisitions, retroactive foil duties, certain litigation reserve settlements, and fair value movements on economic hedges. The following tables disaggregate net sales by geography in which the Company operates based on manufacturing or selling operations: Three Months Ended March 31, 2024 2023 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 1,051 $ 627 $ 1,678 $ 1,129 $ 688 $ 1,817 Latin America 277 186 463 271 192 463 Europe 883 — 883 985 — 985 Asia Pacific 387 — 387 402 — 402 Net sales $ 2,598 $ 813 $ 3,411 $ 2,787 $ 880 $ 3,667 Nine Months Ended March 31, 2024 2023 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 3,026 $ 1,852 $ 4,878 $ 3,327 $ 2,037 $ 5,364 Latin America 826 607 1,433 825 606 1,431 Europe 2,605 — 2,605 2,970 — 2,970 Asia Pacific 1,189 — 1,189 1,256 — 1,256 Net sales $ 7,646 $ 2,459 $ 10,105 $ 8,378 $ 2,643 $ 11,021

Earnings Per Share Computations

Earnings Per Share Computations	9 Months Ended
Earnings Per Share Computations	Mar. 31, 2024
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 share units, 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) 2024 2023 2024 2023 Numerator Net income attributable to Amcor plc $ 187 $ 177 $ 473 $ 868 Distributed and undistributed earnings attributable to shares to be repurchased (1) (1) (2) (6) Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 186 $ 176 $ 471 $ 862 Denominator Weighted-average ordinary shares outstanding 1,445 1,480 1,445 1,484 Weighted-average ordinary shares to be repurchased by Amcor plc (6) (10) (6) (11) Weighted-average ordinary shares outstanding for EPS—basic 1,439 1,470 1,439 1,473 Effect of dilutive shares 1 6 1 9 Weighted-average ordinary shares outstanding for EPS—diluted 1,440 1,476 1,440 1,482 Per ordinary share income Basic earnings per ordinary share $ 0.129 $ 0.120 $ 0.327 $ 0.585 Diluted earnings per ordinary share $ 0.129 $ 0.119 $ 0.327 $ 0.581 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.

Contingencies and Legal Proceed

Contingencies and Legal Proceedings	9 Months Ended
Contingencies and Legal Proceedings	Mar. 31, 2024
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, 2024, the Company has recorded accruals of $14 million, included in other non-current liabilities in the unaudited condensed consolidated balance sheets. The Company has estimated a reasonably possible loss exposure in excess of the recorded accrual of $25 million as of March 31, 2024. 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, 2024, the Company provided letters of credit of $17 million, judicial insurance of $2 million, and deposited cash of $14 million with the courts to continue to defend the cases referenced above. 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 may only partially, cover the total potential exposures. As of March 31, 2024, the Company has recorded aggregate accruals of $9 million for its share of estimated future remediation costs at these sites. In addition to the matters described above, as of March 31, 2024, the Company has also recorded aggregate accruals of $48 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 proceeding may result in monetary sanctions above a stated threshold. Pursuant to SEC regulations, the Company uses a threshold of $1 million or more for purposes of determining whether disclosure of any such proceedings is required. Applying this threshold, there are no environmental matters required to be disclosed for the three and nine months ended March 31, 2024. 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

Subsequent Events

Subsequent Events	9 Months Ended
Subsequent Events	Mar. 31, 2024
Subsequent Events [Abstract]
Subsequent Events	Subsequent Events On April 23, 2024, the Company extended the maturity of its Three-Year Syndicated Facility Agreement (“Three-Year Agreement”) by one year until April 2026. The aggregate committed amount under the Three-Year Agreement will be reduced from $1.9 billion to $1.7 billion effective April 2025.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Millions	3 Months Ended		9 Months Ended
Pay vs Performance Disclosure - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Pay vs Performance Disclosure
Net income attributable to Amcor plc	$ 187	$ 177	$ 473	$ 868

Insider Trading Arrangements

Insider Trading Arrangements	3 Months Ended
Insider Trading Arrangements	Mar. 31, 2024
Trading Arrangements, by Individual
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Rule 10b5-1 Arrangement Terminated	false
Non-Rule 10b5-1 Arrangement Terminated	false

New Accounting Guidance (Polici

New Accounting Guidance (Policies)	9 Months Ended
New Accounting Guidance (Policies)	Mar. 31, 2024
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 September 2022, the Financial Accounting Standards Board ("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 Company adopted the disclosure requirements in ASU 2022-04 on July 1, 2023, except for the amendment on roll forward information, which is effective in fiscal year 2025. The Company facilitates several regional voluntary supply chain financing ("SCF") programs with financial institutions, all of which have similar characteristics. The Company establishes these SCF programs to provide its suppliers with a potential source of liquidity and to enable a more efficient payment process. Under these SCF programs, qualifying suppliers may elect, but are not obligated, to sell their receivables due from Amcor to these financial institutions in advance of the agreed payment due date. The Company is not involved in negotiations between the suppliers and the financial institutions, and its rights and obligations to its suppliers are not impacted by its suppliers’ decisions to sell amounts to the financial institutions. Under these SCF programs, the Company agrees to pay the financial institution the stated invoice amounts from its participating suppliers on the original maturity dates of the invoices. The range of payment terms negotiated with suppliers under these arrangements are consistent with industry norms and short-term in nature, regardless of whether a supplier participates in the program. The Company's SCF programs do not include any guarantees to the financial institutions, or any assets pledged as securities. All outstanding amounts related to suppliers participating in the SCF programs are reflected in trade payables in the Company’s unaudited condensed consolidated balance sheets, and associated payments are included in operating activities within the Company’s unaudited condensed consolidated statements of cash flows. As of March 31, 2024 and June 30, 2023, the amounts due to suppliers participating in the Company’s SCF programs amounted to $0.9 billion and $1.1 billion, respectively. Accounting Standards Not Yet Adopted In November 2023, the FASB issued ASU 2023-07 that adds new reportable segment disclosure requirements, primarily through enhanced disclosures about significant segment expenses. The standard's amendments are effective for the Company for annual periods beginning July 1, 2024, and interim periods beginning July 1, 2025, with early adoption permitted, and will be applied retrospectively to all periods in the financial statements. The Company will adopt this guidance in fiscal year 2025. The Company is currently evaluating the impact that this guidance will have on its disclosures. In December 2023, the FASB issued ASU 2023-09 that adds new income tax disclosure requirements, primarily related to existing income tax rate reconciliation and income taxes paid information. The standard's amendments are effective for the Company for annual periods beginning July 1, 2025, with early adoption permitted, and can be applied either prospectively or retrospectively. The Company is currently evaluating the impact that this guidance will have on its disclosures. 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 operations, 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, 2024 and June 30, 2023, the carrying value of these financial instruments, excluding long-term debt, approximated fair value because of the short-term nature of these instruments. 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 certain assets at fair value on a nonrecurring basis, generally when events or changes in circumstances indicate the carrying value may not be recoverable, or when they are deemed to be other than temporarily impaired. These assets include goodwill and other intangible assets, equity method and other investments, assets held for sale, and other long-lived assets. Generally, assets are recorded at fair value on a nonrecurring basis as a result of impairment charges or as a result of charges to remeasure assets classified as held for sale to fair value less costs to sell. The fair values of these assets are determined, when applicable, based on valuation techniques using the best information available, and may include quoted market prices, market comparables, and discounted cash flow projections. These nonrecurring fair value measurements are considered to be Level 3 in the fair value hierarchy.
Derivative Instruments	Derivative Instruments The Company periodically uses derivatives and other financial instruments to hedge exposures to interest rates, commodity prices, and currency risks. The Company does not hold or issue derivative instruments for speculative or trading purposes. For hedges that meet 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 designated 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. Foreign Currency Risk The Company manufactures and sells its products and finances operations in a number of countries throughout the world and, as a result, is exposed to movements in foreign currency exchange rates. The purpose of the Company's foreign currency hedging program is to manage the volatility associated with the changes in exchange rates. To manage this exchange rate risk, the Company utilizes forward contracts. Contracts that qualify for hedge accounting are designated as cash flow hedges of certain forecasted transactions denominated in foreign currencies. The effective portion of the changes in fair value of these instruments is reported in accumulated other comprehensive loss ("AOCI") and reclassified into earnings in the same financial statement line item and in the same period or periods during which the related hedged transactions affect earnings. The ineffective portion is recognized in earnings over the life of the hedging relationship in the same consolidated statements of income line item as the underlying hedged item. Changes in the fair value of forward contracts that have not been designated as hedging instruments are reported in the accompanying unaudited condensed consolidated statements of income. Commodity Risk Certain raw materials used in the Company's production processes are subject to price volatility caused by weather, supply conditions, political and economic variables, and other unpredictable factors. The Company's policy is to minimize exposure to price volatility by passing through the commodity price risk to customers, including through 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.
Components of Net Periodic Costs	Service cost is included in operating income. All other components of net periodic benefit 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, 2024 and 2023 is based on the Company’s estimated annual effective tax rate for the respective fiscal years which is applied on income before income taxes and equity in loss of affiliated companies, and is adjusted for specific items that are required to be recognized in the period in which they are incurred.
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 results of the Russian business sold on December 23, 2022 are included in the comparative period results until the date of sale. 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
Restructuring and Other Related Activities, Net (Tables)	Mar. 31, 2024
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) 2024 2023 2024 2023 Gain on disposal of Russian business, net $ — $ — $ — $ 215 Restructuring and related expenses, net (30) (50) (82) (53) Restructuring and other related activities, net $ (30) $ (50) $ (82) $ 162 ($ in millions) 2023 Restructuring Plan (1) Other Restructuring Plans (2) Total Restructuring and Related Expenses Fiscal year 2023 $ 94 $ 17 $ 111 Fiscal year 2024, first quarter 26 2 28 Fiscal year 2024, second quarter 22 2 24 Fiscal year 2024, third quarter 29 1 30 Net expenses incurred $ 171 $ 22 $ 193 (1) Includes restructuring related expenses from the 2023 Restructuring Plan of $6 million, $3 million, $4 million, and $4 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively. In the three and nine months ended March 31, 2024, $24 million and $63 million of restructuring and related expenses, net, were incurred in the Flexibles reportable segment and $5 million and $14 million in the Rigid Packaging reportable segment. (2) Includes restructuring related costs of $4 million, nil, $1 million, and $1 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively. An analysis of the restructuring charges by type incurred is as follows: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Employee related expenses $ 3 $ 35 $ 16 $ 37 Fixed asset related expenses 11 4 23 4 Other expenses 11 8 30 8 Total restructuring expenses, net $ 25 $ 47 $ 69 $ 49

Restructuring (Tables)

Restructuring (Tables)	9 Months Ended
Restructuring (Tables)	Mar. 31, 2024
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) 2024 2023 2024 2023 Gain on disposal of Russian business, net $ — $ — $ — $ 215 Restructuring and related expenses, net (30) (50) (82) (53) Restructuring and other related activities, net $ (30) $ (50) $ (82) $ 162 ($ in millions) 2023 Restructuring Plan (1) Other Restructuring Plans (2) Total Restructuring and Related Expenses Fiscal year 2023 $ 94 $ 17 $ 111 Fiscal year 2024, first quarter 26 2 28 Fiscal year 2024, second quarter 22 2 24 Fiscal year 2024, third quarter 29 1 30 Net expenses incurred $ 171 $ 22 $ 193 (1) Includes restructuring related expenses from the 2023 Restructuring Plan of $6 million, $3 million, $4 million, and $4 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively. In the three and nine months ended March 31, 2024, $24 million and $63 million of restructuring and related expenses, net, were incurred in the Flexibles reportable segment and $5 million and $14 million in the Rigid Packaging reportable segment. (2) Includes restructuring related costs of $4 million, nil, $1 million, and $1 million for fiscal year 2023, first quarter of fiscal year 2024, second quarter of fiscal year 2024, and third quarter of fiscal year 2024, respectively. An analysis of the restructuring charges by type incurred is as follows: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Employee related expenses $ 3 $ 35 $ 16 $ 37 Fixed asset related expenses 11 4 23 4 Other expenses 11 8 30 8 Total restructuring expenses, net $ 25 $ 47 $ 69 $ 49
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, 2023 $ 126 $ 3 $ 21 $ 150 Net charges to earnings 16 23 30 69 Cash paid (50) (2) (29) (81) Non-cash and other — (22) (3) (25) Foreign currency translation (3) — — (3) Liability balance as of March 31, 2024 $ 89 $ 2 $ 19 $ 110

Goodwill and Other Intangible_2

Goodwill and Other Intangible Assets, Net (Tables)	9 Months Ended
Goodwill and Other Intangible Assets, Net (Tables)	Mar. 31, 2024
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 were as follows: ($ in millions) Flexibles Segment Rigid Packaging Segment Total Balance as of June 30, 2023 $ 4,391 $ 975 $ 5,366 Acquisitions (1) 1 — 1 Foreign currency translation (6) (1) (7) Balance as of March 31, 2024 $ 4,386 $ 974 $ 5,360 (1) Acquisitions are attributed to goodwill recognized in connection with the business combinations detailed in Note 4, "Acquisitions and Disposals".
Schedule of Components of Intangible Assets	Other intangible assets, net were comprised of the following: March 31, 2024 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 2,002 $ (760) $ 1,242 Computer software 267 (180) 87 Other (2) 335 (233) 102 Total other intangible assets $ 2,604 $ (1,173) $ 1,431 June 30, 2023 ($ in millions) Gross Carrying Amount Accumulated Amortization and Impairment (1) Net Carrying Amount Customer relationships $ 1,987 $ (660) $ 1,327 Computer software 261 (185) 76 Other (2) 327 (206) 121 Total other intangible assets $ 2,575 $ (1,051) $ 1,524 (1) Accumulated amortization and impairment as of March 31, 2024 and June 30, 2023 included $34 million of accumulated impairment in the Other category. (2) As of March 31, 2024 and June 30, 2023, Other included $17 million 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
Fair Value Measurements (Tables)	Mar. 31, 2024
Fair Value Disclosures [Abstract]
Schedule of Carrying Value and Estimated Fair Value of Long-term Debt	The carrying values and estimated fair values of long-term debt with fixed interest rates (excluding the fair value of designated receive-fixed/pay-variable interest rate swaps) were as follows: March 31, 2024 June 30, 2023 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 (1) and finance leases) $ 4,127 $ 3,958 $ 4,123 $ 3,844
Schedule of Fair Value of Instruments Measured on Recurring Basis	The following tables summarize the fair values of these instruments, which are measured at fair value on a recurring basis, by level, within the fair value hierarchy: March 31, 2024 ($ in millions) Level 1 Level 2 Level 3 Total Assets Forward exchange contracts — 3 — 3 Interest rate swaps — 4 — 4 Total assets measured at fair value $ — $ 7 $ — $ 7 Liabilities Contingent purchase consideration $ — $ — $ 36 $ 36 Commodity contracts — 1 — 1 Forward exchange contracts — 4 — 4 Interest rate swaps — 93 — 93 Total liabilities measured at fair value $ — $ 98 $ 36 $ 134 June 30, 2023 ($ in millions) Level 1 Level 2 Level 3 Total Assets Forward exchange contracts $ — $ 3 $ — $ 3 Interest rate swaps — 16 — 16 Total assets measured at fair value $ — $ 19 $ — $ 19 Liabilities Contingent purchase consideration $ — $ — $ 46 $ 46 Commodity contracts — 2 — 2 Forward exchange contracts — 5 — 5 Interest rate swaps — 96 — 96 Total liabilities measured at fair value $ — $ 103 $ 46 $ 149

Derivative Instruments (Tables)

Derivative Instruments (Tables)	9 Months Ended
Derivative Instruments (Tables)	Mar. 31, 2024
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, 2024 June 30, 2023 Commodity Volume Volume Aluminum 13,019 tons 14,325 tons PET resin 11,066,666 lbs. — 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, 2024 June 30, 2023 Assets Derivatives in cash flow hedging relationships: Forward exchange contracts Other current assets 3 2 Derivatives not designated as hedging instruments: Forward exchange contracts Other current assets — 1 Interest rate swaps Other current assets 4 16 Total current derivative contracts 7 19 Total non-current derivative contracts — — Total derivative asset contracts $ 7 $ 19 Liabilities Derivatives in cash flow hedging relationships: Commodity contracts Other current liabilities $ 1 $ 2 Forward exchange contracts Other current liabilities 3 3 Derivatives not designated as hedging instruments: Forward exchange contracts Other current liabilities 1 1 Total current derivative contracts 5 6 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 93 96 Total non-current derivative contracts 93 97 Total derivative liability contracts $ 98 $ 103
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 Gain / (Loss) Reclassified from AOCI into Income (Effective Portion) Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Derivatives in cash flow hedging relationships Commodity contracts Cost of sales $ (1) $ 4 $ (2) $ 2 Forward exchange contracts Net sales 1 (1) 1 (2) Treasury locks Interest expense (1) (1) (2) (2) Total $ (1) $ 2 $ (3) $ (2)
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) 2024 2023 2024 2023 Derivatives not designated as hedging instruments Forward exchange contracts Other income/(expenses), net $ 3 $ (7) $ 11 $ (12) Interest rate swaps Other income/(expenses), net (3) 6 (12) 7 Total $ — $ (1) $ (1) $ (5)
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) 2024 2023 2024 2023 Derivatives in fair value hedging relationships Interest rate swaps Interest expense $ (11) $ 15 $ 3 $ (13) Total $ (11) $ 15 $ 3 $ (13)

Components of Net Periodic Be_2

Components of Net Periodic Benefit Cost (Tables)	9 Months Ended
Components of Net Periodic Benefit Cost (Tables)	Mar. 31, 2024
Retirement Benefits [Abstract]
Schedule of Components of Net Benefit Costs	Net periodic benefit cost for defined benefit plans included the following components: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Service cost $ 4 $ 4 $ 13 $ 13 Interest cost 13 12 38 36 Expected return on plan assets (14) (14) (42) (42) Amortization of actuarial loss 1 1 3 2 Amortization of prior service credit (1) (1) (3) (3) Settlement costs — — 1 — Net periodic benefit cost $ 3 $ 2 $ 10 $ 6

Shareholders' Equity (Tables)

Shareholders' Equity (Tables)	9 Months Ended
Shareholders' Equity (Tables)	Mar. 31, 2024
Equity [Abstract]
Schedule of Changes in Ordinary and Treasury Shares	The changes in ordinary and treasury shares during the nine months ended March 31, 2024 and 2023 were as follows: Ordinary Shares Treasury Shares (shares and $ in millions) Number of Shares Amount Number of Shares Amount 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) Balance as of June 30, 2023 1,448 $ 14 1 $ (12) Share buyback / cancellations (3) — — — Shares vested — — (4) 49 Purchase of treasury shares — — 4 (48) Balance as of March 31, 2024 1,445 $ 14 1 $ (11)
Schedule of Accumulated Other Comprehensive Income (Loss)	The changes in the components of accumulated other comprehensive loss, net of tax, during the nine months ended March 31, 2024 and 2023 were as follows: Foreign Currency Translation Net Investment Hedge Pension Effective Derivatives Total Accumulated Other Comprehensive Loss ($ in millions) 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) Balance as of June 30, 2023 $ (823) $ (13) $ (10) $ (16) $ (862) Other comprehensive loss before reclassifications (10) — — — (10) Amounts reclassified from accumulated other comprehensive loss — — 1 3 4 Net current period other comprehensive income / (loss) (10) — 1 3 (6) Balance as of March 31, 2024 $ (833) $ (13) $ (9) $ (13) $ (868)
Schedule of Reclassifications Out of Accumulated Other Comprehensive Income (Loss)	The following tables provide details of amounts reclassified from AOCI into income: Three Months Ended March 31, Nine Months Ended March 31, ($ in millions) 2024 2023 2024 2023 Amortization of pension: Amortization of prior service credit $ (1) $ (1) $ (3) $ (3) Amortization of actuarial loss 1 1 3 2 Effect of pension settlement — — 1 — Total before tax effect — — 1 (1) Tax effect — — — — Total net of tax $ — $ — $ 1 $ (1) (Gains)/Losses on cash flow hedges: Commodity contracts $ 1 $ (4) $ 2 $ (2) Forward exchange contracts (1) 1 (1) 2 Treasury locks 1 1 2 2 Total before tax effect 1 (2) 3 2 Tax effect — — — (1) Total net of tax $ 1 $ (2) $ 3 $ 1 Losses on foreign currency translation Foreign currency translation adjustment $ — $ — $ — $ 74 Total before tax effect — — — 74 Tax effect — — — — Total net of tax $ — $ — $ — $ 74

Segments (Tables)

Segments (Tables)	9 Months Ended
Segments (Tables)	Mar. 31, 2024
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) 2024 2023 2024 2023 Flexibles $ 2,598 $ 2,787 $ 7,646 $ 8,378 Rigid Packaging 813 880 2,459 2,643 Other — — — — Net sales $ 3,411 $ 3,667 $ 10,105 $ 11,021 Adjusted earnings before interest and taxes ("Adjusted EBIT") Flexibles $ 358 $ 337 $ 992 $ 1,043 Rigid Packaging 71 69 184 192 Other (32) (24) (70) (62) Adjusted EBIT 397 382 1,106 1,173 Less: Amortization of acquired intangible assets from business combinations (1) (43) (40) (126) (120) Less: Impact of hyperinflation (2) (4) (6) (55) (19) Add/(Less): Restructuring and other related activities, net (3) (30) (48) (82) 156 Less: CEO transition costs (4) (8) — (8) — Less: Other (5) (4) (4) (17) (2) Interest income 10 15 31 35 Interest expense (89) (86) (263) (224) Equity in loss of affiliated companies, net of tax 1 — 3 — Income before income taxes and equity in loss of affiliated companies $ 230 $ 213 $ 589 $ 999 (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) Restructuring and other related activities, net primarily includes costs incurred in connection with the 2023 Restructuring Plan in fiscal year 2024. Fiscal year 2023 includes a pre-tax net gain on sale of the Russian business of $215 million in the nine months ended March 31, 2023 (refer to Note 3, "Restructuring and Other Related Activities, Net"), and incremental costs and restructuring incurred in connection with the conflict in the three and nine months ended March 31, 2023. (4) CEO transition costs primarily reflect accelerated compensation, including share-based compensation, granted to the Company's former Chief Executive Officer and other transition related expenses. (5)
Schedule of Disaggregation of Revenue by Segments	The following tables disaggregate net sales by geography in which the Company operates based on manufacturing or selling operations: Three Months Ended March 31, 2024 2023 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 1,051 $ 627 $ 1,678 $ 1,129 $ 688 $ 1,817 Latin America 277 186 463 271 192 463 Europe 883 — 883 985 — 985 Asia Pacific 387 — 387 402 — 402 Net sales $ 2,598 $ 813 $ 3,411 $ 2,787 $ 880 $ 3,667 Nine Months Ended March 31, 2024 2023 ($ in millions) Flexibles Rigid Packaging Total Flexibles Rigid Packaging Total North America $ 3,026 $ 1,852 $ 4,878 $ 3,327 $ 2,037 $ 5,364 Latin America 826 607 1,433 825 606 1,431 Europe 2,605 — 2,605 2,970 — 2,970 Asia Pacific 1,189 — 1,189 1,256 — 1,256 Net sales $ 7,646 $ 2,459 $ 10,105 $ 8,378 $ 2,643 $ 11,021

Earnings Per Share Computatio_2

Earnings Per Share Computations (Tables)	9 Months Ended
Earnings Per Share Computations (Tables)	Mar. 31, 2024
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) 2024 2023 2024 2023 Numerator Net income attributable to Amcor plc $ 187 $ 177 $ 473 $ 868 Distributed and undistributed earnings attributable to shares to be repurchased (1) (1) (2) (6) Net income available to ordinary shareholders of Amcor plc—basic and diluted $ 186 $ 176 $ 471 $ 862 Denominator Weighted-average ordinary shares outstanding 1,445 1,480 1,445 1,484 Weighted-average ordinary shares to be repurchased by Amcor plc (6) (10) (6) (11) Weighted-average ordinary shares outstanding for EPS—basic 1,439 1,470 1,439 1,473 Effect of dilutive shares 1 6 1 9 Weighted-average ordinary shares outstanding for EPS—diluted 1,440 1,476 1,440 1,482 Per ordinary share income Basic earnings per ordinary share $ 0.129 $ 0.120 $ 0.327 $ 0.585 Diluted earnings per ordinary share $ 0.129 $ 0.119 $ 0.327 $ 0.581 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.

New Accounting Guidance - Narra

New Accounting Guidance - Narrative (Details) - USD ($) $ in Billions	Mar. 31, 2024	Jun. 30, 2023
Accounting Changes and Error Corrections [Abstract]
Supplier finance program, obligation	$ 0.9	$ 1.1

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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Restructuring and Related Activities [Abstract]
Gain on disposal of Russian business, net	$ 0	$ 0	$ 0	$ 215
Restructuring and related expenses, net	(30)	(50)	(82)	(53)
Restructuring and other related activities, net	$ (30)	$ (50)	$ (82)	$ 162

Restructuring and Other Relat_4

Restructuring and Other Related Activities, Net - Narrative (Details) $ in Millions	3 Months Ended			9 Months Ended
	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($) facility	Jun. 30, 2022 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($) facility
Restructuring Cost and Reserve [Line Items]
Gain on disposal of Russian business, net	$ 0	$ 0		$ 0	$ 215
Impairment expense (reversal) of long-lived assets to be disposed of			$ 90
Russian Business
Restructuring Cost and Reserve [Line Items]
Number of manufacturing facilities \| facility		3			3
Gain on disposal of Russian business, net					$ 215
Impairment expense (reversal) of long-lived assets to be disposed of			$ 90

Acquisitions and disposals (Det

Acquisitions and disposals (Details) $ in Millions					3 Months Ended	9 Months Ended	21 Months Ended
Acquisitions and disposals (Details) $ in Millions	Sep. 27, 2023 USD ($)	May 31, 2023 USD ($)	Mar. 17, 2023 USD ($)	Dec. 23, 2022 USD ($)	Jun. 30, 2022 USD ($)	Mar. 31, 2024 USD ($)	Mar. 31, 2024 acquisition
Business Combination Segment Allocation [Line Items]
Goodwill, acquired during period						$ 1
Number of businesses acquired \| acquisition							3
Impairment expense (reversal) of long-lived assets to be disposed of					$ 90
Russian Business
Business Combination Segment Allocation [Line Items]
Proceeds from divestitures				$ 365
Impairment expense (reversal) of long-lived assets to be disposed of					$ 90
Disposal group, including discontinued operation, carrying value				252
Disposal group, including discontinued operation, goodwill				46
Disposal group, including discontinued operation, foreign currency translation gains (losses)				$ 73
Flexibles
Business Combination Segment Allocation [Line Items]
Goodwill, acquired during period						$ 1
India acquisition \| Flexibles
Business Combination Segment Allocation [Line Items]
Business combination, consideration transferred	$ 14
Business combination, consideration transferred, liabilities incurred	$ 10
New Zealand acquisition \| Flexibles
Business Combination Segment Allocation [Line Items]
Business combination, consideration transferred		$ 45
Business combination, recognized identifiable assets acquired and liabilities assumed, net		21
Contingent purchase consideration		13
Goodwill, acquired during period		$ 24
China acquisition
Business Combination Segment Allocation [Line Items]
Business acquisition, percentage of voting interests acquired			100%
China acquisition \| Flexibles
Business Combination Segment Allocation [Line Items]
Business combination, consideration transferred			$ 61
Business combination, recognized identifiable assets acquired and liabilities assumed, net			21
Contingent purchase consideration			20
Goodwill, acquired during period			$ 40

Restructuring - Narrative (Deta

Restructuring - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended		14 Months Ended
Restructuring - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Feb. 07, 2023
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost	$ 30	$ 50	$ 82	$ 53
Payment for restructuring			81
Employee Costs
Restructuring Cost and Reserve [Line Items]
Payment for restructuring			50
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Payment for restructuring			2
Other Costs
Restructuring Cost and Reserve [Line Items]
Payment for restructuring			29
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost, cash and non-cash expenditure			230
Restructuring and related cost, expected cost	227		227		$ 227
Restructuring and related cost, net cash expenditure	120		120		120
Payment for restructuring					70
2023 Restructuring Plan \| Minimum
Restructuring Cost and Reserve [Line Items]
Expected cash payments for restructuring	10		10		10
2023 Restructuring Plan \| Minimum \| Russian Business
Restructuring Cost and Reserve [Line Items]
Proceeds of sale of business, allocated to designated improvements						$ 110
2023 Restructuring Plan \| Maximum
Restructuring Cost and Reserve [Line Items]
Expected cash payments for restructuring	15		15		15
2023 Restructuring Plan \| Maximum \| Russian Business
Restructuring Cost and Reserve [Line Items]
Proceeds of sale of business, allocated to designated improvements						$ 130
2023 Restructuring Plan \| Flexibles
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net					149
2023 Restructuring Plan \| Rigid Packaging
Restructuring Cost and Reserve [Line Items]
Restructuring and other related activities, net					22
2023 Restructuring Plan \| Employee Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	92		92		92
Restructuring and other related activities, net					80
2023 Restructuring Plan \| Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	48		48		48
Restructuring and other related activities, net					36
2023 Restructuring Plan \| Other Costs
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	61		61		61
Restructuring and other related activities, net					38
2023 Restructuring Plan \| Restructuring related
Restructuring Cost and Reserve [Line Items]
Restructuring and related cost, expected cost	$ 26		$ 26		26
Restructuring and other related activities, net					$ 17

Restructuring - Restructuring C

Restructuring - Restructuring Costs (Details) - USD ($) $ in Millions	3 Months Ended				9 Months Ended		12 Months Ended	21 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Sep. 30, 2023	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Jun. 30, 2023	Mar. 31, 2024
Restructuring Cost and Reserve [Line Items]
Net charges to earnings	$ 30	$ 24	$ 28				$ 111	$ 193
Net charges to earnings	25			$ 47	$ 69	$ 49
Employee Costs
Restructuring Cost and Reserve [Line Items]
Net charges to earnings	3			35	16	37
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Net charges to earnings	11			4	23	4
Other Costs
Restructuring Cost and Reserve [Line Items]
Net charges to earnings	11			$ 8	30	$ 8
2023 Restructuring Plan
Restructuring Cost and Reserve [Line Items]
Net charges to earnings	29	22	26				94	171
Restructuring Related Costs	4	4	3				6
2023 Restructuring Plan \| Flexibles
Restructuring Cost and Reserve [Line Items]
Net charges to earnings					63
Restructuring Related Costs	24
2023 Restructuring Plan \| Rigid Packaging
Restructuring Cost and Reserve [Line Items]
Net charges to earnings					$ 14
Restructuring Related Costs	5
Other Restructuring Plans
Restructuring Cost and Reserve [Line Items]
Net charges to earnings	1	2	2				17	$ 22
Restructuring Related Costs	$ 1	$ 1	$ 0				$ 4

Restructuring - Restructuring P

Restructuring - Restructuring Plan Liability (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2023			$ 150
Net charges to earnings	$ 25	$ 47	69	$ 49
Cash paid			(81)
Non-cash and other			(25)
Foreign currency translation			(3)
Liability balance as of March 31, 2024	110		110
Employee Costs
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2023			126
Net charges to earnings	3	35	16	37
Cash paid			(50)
Non-cash and other			0
Foreign currency translation			(3)
Liability balance as of March 31, 2024	89		89
Fixed Asset Related Costs
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2023			3
Net charges to earnings	11	4	23	4
Cash paid			(2)
Non-cash and other			(22)
Foreign currency translation			0
Liability balance as of March 31, 2024	2		2
Other Costs
Restructuring Cost and Reserve [Line Items]
Liability balance as of June 30, 2023			21
Net charges to earnings	11	$ 8	30	$ 8
Cash paid			(29)
Non-cash and other			(3)
Foreign currency translation			0
Liability balance as of March 31, 2024	$ 19		$ 19

Goodwill and Other Intangible_3

Goodwill and Other Intangible Assets, Net - Changes in Carrying Amount of Goodwill (Details) $ in Millions	9 Months Ended
	Mar. 31, 2024 USD ($)
Goodwill [Line Items]
Balance as of June 30, 2023	$ 5,366
Goodwill, acquired during period	1
Foreign currency translation	(7)
Balance as of March 31, 2024	5,360
Flexibles
Goodwill [Line Items]
Balance as of June 30, 2023	4,391
Goodwill, acquired during period	1
Foreign currency translation	(6)
Balance as of March 31, 2024	4,386
Rigid Packaging
Goodwill [Line Items]
Balance as of June 30, 2023	975
Goodwill, acquired during period	0
Foreign currency translation	(1)
Balance as of March 31, 2024	$ 974

Goodwill and Other Intangible_4

Goodwill and Other Intangible Assets, Net - Components of Intangible Assets (Details) - USD ($) $ in Millions	Mar. 31, 2024	Jun. 30, 2023
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 2,604	$ 2,575
Accumulated amortization and impairment	(1,173)	(1,051)
Net Carrying Amount	1,431	1,524
Finite-lived intangible assets, accumulated impairment loss	34	34
Customer relationships
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	2,002	1,987
Accumulated amortization and impairment	(760)	(660)
Net Carrying Amount	1,242	1,327
Computer software
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	267	261
Accumulated amortization and impairment	(180)	(185)
Net Carrying Amount	87	76
Other
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	335	327
Accumulated amortization and impairment	(233)	(206)
Net Carrying Amount	102	121
Intellectual Property
Acquired Finite-Lived Intangible Assets [Line Items]
Gross Carrying Amount	$ 17	$ 17

Goodwill and Other Intangible_5

Goodwill and Other Intangible Assets, Net - Narrative (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Goodwill and Intangible Assets Disclosure [Abstract]
Amortization of Intangible Assets	$ 46	$ 43	$ 137	$ 130

Fair Value Measurements - Carry

Fair Value Measurements - Carrying Value and Fair Value of Long-Term Debt (Details) - USD ($) $ in Millions	Mar. 31, 2024	Jun. 30, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total long-term debt with fixed interest rates (excluding commercial paper and finance leases)	$ 4,127	$ 4,123
Interest rate swaps
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Derivative, notional amount	1,200	1,200
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)	$ 3,958	$ 3,844

Fair Value Measurements - Asset

Fair Value Measurements - Assets and Liabilities Measured at Fair Value on a Recurring Basis (Details) - USD ($) $ in Millions	Mar. 31, 2024	Jun. 30, 2023
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	$ 7	$ 19
Derivative liabilities	98	103
Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Contingent purchase consideration	36
Level 1 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Contingent purchase consideration	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 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	0
Derivative liabilities	0	0
Level 2 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	7	19
Contingent purchase consideration	0	0
Derivative liabilities	98	103
Level 2 \| Commodity contracts \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	1	2
Level 2 \| Forward exchange contracts \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	3	3
Derivative liabilities	4	5
Level 2 \| Interest rate swaps \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	4	16
Derivative liabilities	93	96
Level 3 \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	0	0
Contingent purchase consideration		46
Derivative liabilities	36	46
Level 3 \| Commodity contracts \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
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	0
Derivative liabilities	0	0
Total \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	7	19
Contingent purchase consideration	36	46
Derivative liabilities	134	149
Total \| Commodity contracts \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative liabilities	1	2
Total \| Forward exchange contracts \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	3	3
Derivative liabilities	4	5
Total \| Interest rate swaps \| Recurring
Fair Value, Assets and Liabilities Measured on Recurring and Nonrecurring Basis [Line Items]
Derivative asset	4	16
Derivative liabilities	$ 93	$ 96

Fair Value Measurements - Narra

Fair Value Measurements - Narrative (Details) - USD ($)	3 Months Ended	9 Months Ended
Fair Value Measurements - Narrative (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Technology intangible impairment charges		$ 0	$ 0
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Gain (Loss) Included in Earnings	$ 1,000,000	10,000,000
Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent purchase consideration	36,000,000	36,000,000
FY23 Acquisitions \| Recurring
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent purchase consideration	26,000,000	26,000,000
Discma AG
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Contingent purchase consideration	$ 10,000,000	$ 10,000,000

Derivative Instruments - Narrat

Derivative Instruments - Narrative (Details) - USD ($) $ in Millions	Mar. 31, 2024	Jun. 30, 2023
Interest rate swaps
Derivative [Line Items]
Derivative, notional amount	$ 1,200	$ 1,200
Derivative, average fixed interest rate	3.88%
Interest rate swaps \| Receive variable/pay fixed
Derivative [Line Items]
Derivative, notional amount	$ 0	0
Interest rate swaps \| Received fixed/pay variable \| Fair value hedging
Derivative [Line Items]
Derivative, notional amount	650	650
Forward exchange contracts
Derivative [Line Items]
Derivative, notional amount	$ 518	$ 462

Derivative Instruments - Outsta

Derivative Instruments - Outstanding Commodity Contracts (Details)	Mar. 31, 2024 T lb	Jun. 30, 2023 T lb
Aluminum
Derivative [Line Items]
Derivative, nonmonetary notional amount \| T	13,019	14,325
PET resin
Derivative [Line Items]
Derivative, nonmonetary notional amount \| lb	11,066,666	0

Derivative Instruments - Financ

Derivative Instruments - Financial Statement Location (Details) - USD ($) $ in Millions	Mar. 31, 2024	Jun. 30, 2023
Derivatives, Fair Value [Line Items]
Total current derivative contracts	$ 7	$ 19
Total non-current derivative contracts	0	0
Total derivative asset contracts	7	19
Total current derivative contracts	5	6
Total non-current derivative contracts	93	97
Total derivative liability contracts	$ 98	$ 103
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	$ 0	$ 1
Total current derivative contracts	$ 1	$ 1
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	$ 4	$ 16
Cash flow hedging \| Commodity contracts
Derivatives, Fair Value [Line Items]
Other current liabilities	Other current liabilities	Other current liabilities
Total current derivative contracts	$ 1	$ 2
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	$ 2
Total current derivative contracts	3	3
Total non-current derivative contracts	$ 0	$ 1
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	$ 93	$ 96

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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Cash flow hedging
Derivative [Line Items]
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ (1)	$ 2	$ (3)	$ (2)
Cash flow hedging \| Commodity contracts
Derivative [Line Items]
Gain / (Loss) Reclassified from AOCI into Income (Effective Portion)	$ (1)	4	(2)	2
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)	1	(2)
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	$ (11)	15	3	(13)
Fair value hedging \| Interest rate swaps
Derivative [Line Items]
Gain / (Loss) Recognized in Income for Derivatives in Fair Value Hedging Relationships	(11)	15	$ 3	(13)
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	0	(1)	$ (1)	(5)
Not designated as hedging instrument \| Forward exchange contracts
Derivative [Line Items]
Gain / (Loss) Recognized in Income for Derivatives Not Designated as Hedging Instruments	3	(7)	$ 11	(12)
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	$ (3)	$ 6	$ (12)	$ 7
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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Retirement Benefits [Abstract]
Service cost	$ 4	$ 4	$ 13	$ 13
Interest cost	13	12	38	36
Expected return on plan assets	(14)	(14)	(42)	(42)
Amortization of actuarial loss	1	1	3	2
Amortization of prior service credit	(1)	(1)	(3)	(3)
Settlement costs	0	0	(1)	0
Net periodic benefit cost	$ 3	$ 2	$ 10	$ 6

Income Taxes (Details)

Income Taxes (Details)	3 Months Ended		9 Months Ended
Income Taxes (Details)	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Income Tax Disclosure [Abstract]
Change in effective tax rate	1.40%		5.70%
Effective tax rate	17.40%	16%	18.20%	12.50%

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, 2024	Mar. 31, 2023
Beginning Balance	$ 4,411	$ 4,090	$ 4,141
Share buyback / cancellations	(160)	(30)	(200)
Purchase of treasury shares		(48)	(221)
Ending Balance	4,308	$ 4,008	$ 4,308
Ordinary Shares
Beginning Balance (in shares)		1,448	1,489
Beginning Balance	15	$ 14	$ 15
Share buyback / cancellations (in shares)		(3)	(18)
Share buyback / cancellations	$ 0	$ 0	$ 0
Ending Balance (in shares)	1,471	1,445	1,471
Ending Balance	$ 15	$ 14	$ 15
Treasury Shares
Beginning Balance (in shares)		1	2
Beginning Balance	$ (18)	$ (12)	$ (18)
Options exercised and shares vested (in shares)		(4)	(19)
Options exercised and shares vested		$ 49	$ 225
Purchase of treasury shares (in shares)		4	18
Purchase of treasury shares		$ (48)	$ (221)
Ending Balance (in shares)	1	1	1
Ending Balance	$ (14)	$ (11)	$ (14)

Shareholders' Equity - Componen

Shareholders' Equity - Components of Accumulated Other Comprehensive Income (Loss) (Details) - USD ($) $ in Millions	9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	$ (862)
Accumulated other comprehensive income (loss), ending balance	(868)
Foreign Currency Translation
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(823)	$ (892)
Other comprehensive loss before reclassifications	(10)	(48)
Amounts reclassified from accumulated other comprehensive loss	0	74
Net current period other comprehensive income / (loss)	(10)	26
Accumulated other comprehensive income (loss), ending balance	(833)	(866)
Net Investment Hedge
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(13)	(13)
Other comprehensive 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	(10)	40
Other comprehensive loss before reclassifications	0	(1)
Amounts reclassified from accumulated other comprehensive loss	1	(1)
Net current period other comprehensive income / (loss)	1	(2)
Accumulated other comprehensive income (loss), ending balance	(9)	38
Effective Derivatives
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(16)	(15)
Other comprehensive loss before reclassifications	0	(2)
Amounts reclassified from accumulated other comprehensive loss	3	1
Net current period other comprehensive income / (loss)	3	(1)
Accumulated other comprehensive income (loss), ending balance	(13)	(16)
Total Accumulated Other Comprehensive Loss
Accumulated Other Comprehensive Income (Loss) [Line Items]
Accumulated other comprehensive income (loss), beginning balance	(862)	(880)
Other comprehensive loss before reclassifications	(10)	(51)
Amounts reclassified from accumulated other comprehensive loss	4	74
Net current period other comprehensive income / (loss)	(6)	23
Accumulated other comprehensive income (loss), ending balance	$ (868)	$ (857)

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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Accumulated Other Comprehensive Income (Loss) [Line Items]
Effect of pension settlement	$ 2	$ 2	$ 2	$ 5
Tax effect	(40)	(34)	(107)	(125)
Net income attributable to Amcor plc	187	177	473	868
Foreign currency translation adjustment	2,719	2,994	8,147	9,018
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	3	2
Reclassification out of AOCI \| Effect of pension settlement
Accumulated Other Comprehensive Income (Loss) [Line Items]
Effect of pension settlement	0	0	1	0
Reclassification out of AOCI \| Total net of tax
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax effect	0	0	1	(1)
Tax effect	0	0	0	0
Net income attributable to Amcor plc	0	0	1	(1)
Reclassification out of AOCI \| (Gains) losses on cash flow hedges
Accumulated Other Comprehensive Income (Loss) [Line Items]
Total before tax effect	1	(2)	3	2
Tax effect	0	0	0	(1)
Net income attributable to Amcor plc	1	(2)	3	1
Reclassification out of AOCI \| (Gains) losses on cash flow hedges \| Commodity contracts
Accumulated Other Comprehensive Income (Loss) [Line Items]
Foreign currency translation adjustment	1	(4)	2	(2)
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	(1)	2
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	0	74
Tax effect	0	0	0	0
Net income attributable to Amcor plc	0	0	0	74
Foreign currency translation adjustment	$ 0	$ 0	$ 0	$ 74

Shareholders' Equity - Narrativ

Shareholders' Equity - Narrative (Details) - $ / shares shares in Millions	3 Months Ended
	Mar. 31, 2024	Jun. 30, 2023
March 2024 maturity [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Forward contract indexed to issuer's equity, indexed shares (in shares)	6
Forward contract indexed to issuer's equity, forward rate per share (in USD per share)	$ 12.11
September 2023 and November 2023 maturity [Member]
Accumulated Other Comprehensive Income (Loss) [Line Items]
Forward contract indexed to issuer's equity, indexed shares (in shares)		9
Forward contract indexed to issuer's equity, forward rate per share (in USD per share)		$ 12.39
Forward contract indexed to equity, settlement, number of shares (in shares)	3

Segments - Narrative (Details)

Segments - Narrative (Details) $ in Millions	3 Months Ended		9 Months Ended
Segments - Narrative (Details) $ in Millions	Mar. 31, 2024 USD ($)	Mar. 31, 2023 USD ($)	Mar. 31, 2024 USD ($) segment	Mar. 31, 2023 USD ($)
Segment Reporting [Abstract]
Number of Reportable Segments \| segment			2
Gain on disposal of Russian business, net \| $	$ 0	$ 0	$ 0	$ 215

Segments - Reportable Segment S

Segments - Reportable Segment Summary Information (Details) - USD ($) $ in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Segment Reporting Information [Line Items]
Net sales	$ 3,411	$ 3,667	$ 10,105	$ 11,021
Adjusted earnings before interest and taxes ("Adjusted EBIT")	397	382	1,106	1,173
Amortization of acquired intangible assets in business combinations	(43)	(40)	(126)	(120)
Impact of hyperinflation	(4)	(6)	(55)	(19)
Restructuring and related activities, net	(30)	(48)	(82)	156
CEO transition costs	(8)	0	(8)	0
Other	(4)	(4)	(17)	(2)
Interest income	10	15	31	35
Interest expense	(89)	(86)	(263)	(224)
Equity in loss of affiliated companies, net of tax	(1)	0	(3)	0
Income before income taxes and equity in loss of affiliated companies	230	213	589	999
Flexibles
Segment Reporting Information [Line Items]
Net sales	2,598	2,787	7,646	8,378
Adjusted earnings before interest and taxes ("Adjusted EBIT")	358	337	992	1,043
Rigid Packaging
Segment Reporting Information [Line Items]
Net sales	813	880	2,459	2,643
Adjusted earnings before interest and taxes ("Adjusted EBIT")	71	69	184	192
Other
Segment Reporting Information [Line Items]
Adjusted earnings before interest and taxes ("Adjusted EBIT")	(32)	(24)	(70)	(62)
Reportable segments \| Flexibles
Segment Reporting Information [Line Items]
Net sales	2,598	2,787	7,646	8,378
Reportable segments \| Rigid Packaging
Segment Reporting Information [Line Items]
Net sales	813	880	2,459	2,643
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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Disaggregation of Revenue [Line Items]
Net sales	$ 3,411	$ 3,667	$ 10,105	$ 11,021
Flexibles
Disaggregation of Revenue [Line Items]
Net sales	2,598	2,787	7,646	8,378
Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	813	880	2,459	2,643
North America
Disaggregation of Revenue [Line Items]
Net sales	1,678	1,817	4,878	5,364
North America \| Flexibles
Disaggregation of Revenue [Line Items]
Net sales	1,051	1,129	3,026	3,327
North America \| Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	627	688	1,852	2,037
Latin America
Disaggregation of Revenue [Line Items]
Net sales	463	463	1,433	1,431
Latin America \| Flexibles
Disaggregation of Revenue [Line Items]
Net sales	277	271	826	825
Latin America \| Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	186	192	607	606
Europe
Disaggregation of Revenue [Line Items]
Net sales	883	985	2,605	2,970
Europe \| Flexibles
Disaggregation of Revenue [Line Items]
Net sales	883	985	2,605	2,970
Europe \| Rigid Packaging
Disaggregation of Revenue [Line Items]
Net sales	0	0	0	0
Asia Pacific
Disaggregation of Revenue [Line Items]
Net sales	387	402	1,189	1,256
Asia Pacific \| Flexibles
Disaggregation of Revenue [Line Items]
Net sales	387	402	1,189	1,256
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, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Antidilutive Securities Excluded from Computation of Earnings Per Share [Line Items]
Net income attributable to Amcor plc	$ 187	$ 177	$ 473	$ 868
Distributed and undistributed earnings attributable to shares to be repurchased	(1)	(1)	(2)	(6)
Net income available to ordinary shareholders of Amcor plc—basic and diluted	$ 186	$ 176	$ 471	$ 862
Weighted-average ordinary shares outstanding	1,445	1,480	1,445	1,484
Weighted-average ordinary shares to be repurchased by Amcor plc	(6)	(10)	(6)	(11)
Effect of dilutive shares	1	6	1	9
Weighted-average ordinary shares outstanding for EPS—diluted	1,440	1,476	1,440	1,482
Basic earnings per share (USD per share)	$ 0.129	$ 0.120	$ 0.327	$ 0.585
Diluted earnings per share (USD per share)	$ 0.129	$ 0.119	$ 0.327	$ 0.581
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	1,439	1,470	1,439	1,473

Earnings Per Share Computatio_4

Earnings Per Share Computations - Narrative (Details) - shares shares in Millions	3 Months Ended		9 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023
Earnings Per Share [Abstract]
Antidilutive Securities Excluded from Computation of Earnings Per Share, Amount	27	15	30	13

Contingencies and Legal Proce_2

Contingencies and Legal Proceedings (Details) $ in Millions	Mar. 31, 2024 USD ($)
Loss Contingencies [Line Items]
Loss Contingency Accrual, Provision	$ 14
Loss Contingency, Estimate of Possible Loss	25
Loss Contingency, Letters of Credit	17
Loss Contingency, Judicial Insurance	2
Loss Contingency, Cash Deposited	14
Potentially responsible party
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies, Component Amount	9
Other Contingencies
Loss Contingencies [Line Items]
Accrual for Environmental Loss Contingencies, Component Amount	$ 48

Subsequent Events (Details)

Subsequent Events (Details) - USD ($) $ / shares in Units, $ in Billions			3 Months Ended		9 Months Ended
	Apr. 30, 2024	Apr. 23, 2024	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Apr. 01, 2025
Subsequent Event [Line Items]
Dividends declared, per share (in USD per share)			$ 0.125	$ 0.1225	$ 0.3725	$ 0.365
Subsequent Event
Subsequent Event [Line Items]
Dividends declared, per share (in USD per share)	$ 0.1250
Subsequent Event \| Three-Year Agreement \| Line of Credit
Subsequent Event [Line Items]
Debt instrument, term		3 years
Debt instrument, extension term		1 year
Facility agreement		$ 1.9					$ 1.7