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STOCK-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2025
Share-Based Payment Arrangement [Abstract]  
Schedule of Incentive Equity Awards
The activity related to the Company’s incentive equity awards for the fiscal years ended June 30, 2025, 2024 and 2023 consisted of the following:
 Stock OptionsTime-based
RSUs
Performance-based
RSUs
 Number
of
Options
Weighted
Average
Exercise
Price
Number
of
Shares
Weighted
Average
Grant-Date
Fair Value
Number
of
Shares
Weighted
Average
Grant-Date
Fair Value
Balances at June 30, 20222,706,685 $102.34 750,852 $135.94 210,281 $148.59 
Granted577,046 144.34 393,541 139.36 110,624 139.00 
Exercised (a)(565,470)76.38 — — — — 
Vesting of RSUs (b)— — (333,625)134.02 (108,475)130.18 
Expired/forfeited(21,456)141.35 (79,441)144.18 (10,725)144.91 
Balances at June 30, 20232,696,805 $116.46 731,327 $137.76 201,705 $153.42 
Granted338,301 197.04 299,368 173.18 92,905 168.95 
Exercised (a)(732,491)98.34 — — — — 
Vesting of RSUs (b)— — (294,088)152.47 (85,914)158.22 
Expired/forfeited(121,994)158.93 (53,923)152.23 (46,891)145.22 
Balances at June 30, 20242,180,621 $132.68 682,684 $146.05 161,805 $152.21 
Granted322,641 238.93 278,262 207.22 107,142 203.13 
Exercised (a)(579,863)107.62 — — — — 
Vesting of RSUs (b)— — (321,759)135.08 (79,046)137.47 
Expired/forfeited(6,071)186.33 (48,584)173.56 (10,788)143.51 
Balances at June 30, 2025 (c)1,917,328 $157.97 590,603 $178.58 179,113 $189.69 
 _________
(a)Stock options exercised during the fiscal years ended June 30, 2025, 2024 and 2023 had intrinsic values of $69.0 million, $66.7 million and $51.2 million, respectively.
(b)Time-based RSUs that vested during the fiscal years ended June 30, 2025, 2024 and 2023 had a total fair value of $77.2 million, $59.0 million and $49.6 million, respectively. Performance-based RSUs that vested during the fiscal years ended June 30, 2025, 2024 and 2023 had a total fair value of $19.2 million, $17.2 million and $15.9 million, respectively.
(c)As of June 30, 2025, the Company’s outstanding stock options using the fiscal year-end share price of $243.03 had an aggregate intrinsic value of $163.1 million. As of June 30, 2025, the Company’s outstanding “in the money” vested stock options using the fiscal year-end share price of $243.03 had an aggregate intrinsic value of $123.9 million. As of June 30, 2025, time-based RSUs and performance-based RSUs expected to vest using the fiscal year-end share price of $243.03 had an aggregate intrinsic value of $134.2 million and $40.4 million, respectively. Performance-based RSUs granted in the table above represent initial target awards, and performance adjustments for (i) change in shares issued based upon attainment of performance goals determined in the period, and (ii) estimated change in shares issued resulting from attainment of performance goals to be determined at the end of the prospective performance period.
Schedule of Outstanding and Exercisable Stock Options
The tables below summarize information regarding the Company’s outstanding and exercisable stock options as of June 30, 2025:
 Outstanding Options
 Options
Outstanding
Weighted
Average
Remaining
Contractual
Term
(in years)
Weighted
Average
Exercise
Price Per Share
Aggregate Intrinsic Value (in millions) (a)
Range of Exercise Prices
$50.01 to $65.00
9,506 1.38$64.89 
$65.01 to $80.00
5,129 1.62$67.32 
$80.01 to $95.00
177,950 2.52$93.64 
$95.01 to $110.00
133,564 3.48$99.08 
$110.01 to $125.00
170,860 4.43$117.53 
$125.01 to $140.00
23,205 6.66$133.74 
$140.01 to $155.00
769,864 6.67$145.68 
$155.01 to $185.00
39,020 7.15$174.83 
$185.01 to $200.00
239,902 8.46$198.30 
$200.01 to $215.00
26,497 8.88$203.30 
$215.01 to $230.00
32,136 9.36$224.23 
$230.01 to $243.03
289,695 9.60$240.55 
1,917,328 6.58$157.97 $163.1 
 Exercisable Options
Range of Exercise PricesOptions
Exercisable
Weighted
Average
Remaining
Contractual
Term
(in years)
Weighted
Average
Exercise
Price Per Share
Aggregate Intrinsic Value
(in millions) (a)
$50.01 to $65.00
9,506 1.38$64.89 
$65.01 to $80.00
5,129 1.62$67.32 
$80.01 to $95.00
177,950 2.52$93.64 
$95.01 to $110.00
133,564 3.48$99.08 
$110.01 to $125.00
170,860 4.43$117.53 
$125.01 to $140.00
23,205 6.66$133.74 
$140.01 to $155.00
473,918 6.31$146.16 
$155.01 to $185.00
35,636 7.04$174.63 
$185.01 to $200.00
58,938 8.25$198.30 
$200.01 to $215.00
6,623 8.88$203.30 
$215.01 to $230.00
15,375 9.37$227.56 
$230.01 to $243.03
1,185 9.60$240.59 
1,111,889 5.20$131.63 $123.9 
_________
(a) Calculated using the closing stock price on the last trading day of fiscal year 2025 of $243.03, less the option exercise price, multiplied by the number of instruments.
Schedule of Assumptions Used to Determine Fair Values of Stock Option Grants
The following table presents the assumptions used to determine the fair values of the stock option grants using the Binomial options pricing model during the fiscal years ended June 30, 2025, 2024 and 2023:
Years ended June 30,
202520242023
Graded Vesting
Risk-free interest rate4.4%4.3%4.0%
Dividend yield1.5%1.7%2.0%
Weighted-average volatility factor23.9%23.7%25.8%
Weighted-average expected life (in years)5.55.55.5
Weighted-average fair value (in dollars)$62.15$49.31$35.43