Ordinary shares authorized

  
Amcor plc and SubsidiariesConsolidated Balance Sheets($ in millions, except share and per share data)

|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- |
|  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
| As of June 30,  |  | 2022 |  | 2021 |
| Assets |  |  |  |  |
| Current assets: |  |  |  |  |
| Cash and cash equivalents |  | $ | 775  |  |  | $ | 850  |  |
| Trade receivables, net of allowance for doubtful accounts of $25 and $28, respectively |  | 1,935  |  |  | 1,864  |  |
| Inventories, net |  | 2,439  |  |  | 1,991  |  |
| Prepaid expenses and other current assets |  | 512  |  |  | 561  |  |
| Assets held for sale, net |  | 192  |  |  | —  |  |
| Total current assets |  | 5,853  |  |  | 5,266  |  |
| Non-current assets: |  |  |  |  |
|  |  |  |  |  |
| Property, plant, and equipment, net |  | 3,646  |  |  | 3,761  |  |
| Operating lease assets |  | 560  |  |  | 532  |  |
| Deferred tax assets |  | 130  |  |  | 139  |  |
| Other intangible assets, net |  | 1,657  |  |  | 1,835  |  |
| Goodwill |  | 5,285  |  |  | 5,419  |  |
| Employee benefit assets |  | 89  |  |  | 52  |  |
| Other non-current assets |  | 206  |  |  | 184  |  |
| Total non-current assets |  | 11,573  |  |  | 11,922  |  |
| Total assets |  | $ | 17,426  |  |  | $ | 17,188  |  |
| Liabilities |  |  |  |  |
| Current liabilities: |  |  |  |  |
| Current portion of long-term debt |  | $ | 14  |  |  | $ | 5  |  |
| Short-term debt |  | 136  |  |  | 98  |  |
| Trade payables |  | 3,073  |  |  | 2,574  |  |
| Accrued employee costs |  | 471  |  |  | 523  |  |
| Other current liabilities |  | 1,344  |  |  | 1,145  |  |
| Liabilities held for sale |  | 65  |  |  | —  |  |
| Total current liabilities |  | 5,103  |  |  | 4,345  |  |
| Non-current liabilities: |  |  |  |  |
| Long-term debt, less current portion |  | 6,340  |  |  | 6,186  |  |
| Operating lease liabilities |  | 493  |  |  | 462  |  |
| Deferred tax liabilities |  | 677  |  |  | 696  |  |
| Employee benefit obligations |  | 201  |  |  | 307  |  |
| Other non-current liabilities |  | 471  |  |  | 371  |  |
| Total non-current liabilities |  | 8,182  |  |  | 8,022  |  |
| Total liabilities |  | $ | 13,285  |  |  | $ | 12,367  |  |
|  |  |  |  |  |
| Commitments and contingencies (See Note 20) |  |  |  |  |
|  |  |  |  |  |
| Shareholders' Equity |  |  |  |  |
| Amcor plc shareholders’ equity: |  |  |  |  |
| Ordinary shares ($0.01 par value): |  |  |  |  |
| Authorized (9,000 million shares) |  |  |  |  |
| Issued (1,489 and 1,538 million shares, respectively) |  | $ | 15  |  |  | $ | 15  |  |
| Additional paid-in capital |  | 4,431  |  |  | 5,092  |  |
| Retained earnings |  | 534  |  |  | 452  |  |
| Accumulated other comprehensive loss |  | (880) |  |  | (766) |  |
| Treasury shares (2 and 3 million shares, respectively) |  | (18) |  |  | (29) |  |
| Total Amcor plc shareholders' equity |  | 4,082  |  |  | 4,764  |  |
| Non-controlling interests |  | 59  |  |  | 57  |  |
| Total shareholders' equity |  | 4,141  |  |  | 4,821  |  |
| Total liabilities and shareholders' equity |  | $ | 17,426  |  |  | $ | 17,188  |  |

See accompanying notes to consolidated financial statements.  
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