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LEASES (Tables)
9 Months Ended
Mar. 31, 2020
Leases [Abstract]  
Summary of total lease costs and other information
A summary of total lease costs and other information for the periods relating to the Company’s finance and operating leases is as follows:
(In millions)
Three Months Ended
March 31, 2020
Nine Months Ended
March 31, 2020
Total lease cost
Finance lease cost:
Amortization of right-of-use assets
$ $ 
Interest on lease liabilities
—  —  
Operating lease cost
150  383  
Short-term lease cost
 20  
Variable lease cost
41  133  
Total
$199  $545  
Other information
Cash paid for amounts included in the measurement of lease liabilities
Operating cash flows from operating leases
$350  
Financing cash flows from finance leases
$10  
Right-of-use assets obtained in exchange for new operating lease liabilities
$216  
Weighted-average remaining lease term – finance leases
2 years
Weighted-average remaining lease term – operating leases
11 years
Weighted-average discount rate – finance leases
2.7 %
Weighted-average discount rate – operating leases
2.5 %
Schedule of total future minimum lease payments, over the remaining lease term, relating to operating leases
The total future minimum lease payments, over the remaining lease term, relating to the Company’s operating and finance leases for the remainder of fiscal 2020 and for each of the next four fiscal years and thereafter is as follows:
(In millions)
Operating LeasesFinance Leases
Remainder of fiscal 2020$113  $ 
Fiscal 2021397   
Fiscal 2022364   
Fiscal 2023324   
Fiscal 2024291  —  
Thereafter
1,586  —  
Total future minimum lease payments
3,075  15  
Less imputed interest
(416) —  
Total
$2,659  $15  
Schedule of total future minimum lease payments, over the remaining lease term, relating to finance leases
The total future minimum lease payments, over the remaining lease term, relating to the Company’s operating and finance leases for the remainder of fiscal 2020 and for each of the next four fiscal years and thereafter is as follows:
(In millions)
Operating LeasesFinance Leases
Remainder of fiscal 2020$113  $ 
Fiscal 2021397   
Fiscal 2022364   
Fiscal 2023324   
Fiscal 2024291  —  
Thereafter
1,586  —  
Total future minimum lease payments
3,075  15  
Less imputed interest
(416) —  
Total
$2,659  $15  
Schedule of operating lease and finance lease liabilities included in the consolidated balance sheet
Operating lease and finance lease liabilities included in the consolidated balance sheet are as follows:

March 31, 2020
(In millions)
Operating Leases
Finance Leases
Total current liabilities
$371  $ 
Total noncurrent liabilities
2,288   
Total
$2,659  $15  
Scheduled maturities of the Company's contractual obligations relating to operating leases for which cash flows are fixed and determinable
The following table summarizes scheduled maturities of the Company’s contractual obligations relating to operating leases for which cash flows are fixed and determinable as of June 30, 2019:

(In millions)
Payments Due in Fiscal Year(1)
Fiscal 2020$421  
Fiscal 2021383  
Fiscal 2022348  
Fiscal 2023316  
Fiscal 2024289  
Thereafter
1,625  
Total contractual obligations
$3,382  
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(1)Minimum operating lease commitments only include base rent. Certain leases provide for contingent rents that are not measurable at inception and primarily include rents based on a percentage of sales in excess of stipulated levels, as well as common area maintenance. These amounts are excluded from minimum operating lease commitments and are included in the determination of total rent expense when it is probable that the expense has been incurred and the amount is reasonably measurable. Such amounts have not been material to total rent expense.