Debt

6 Months Ended

Dec. 31, 2021

Debt Disclosure [Abstract]

DEBT

DEBT

Short-term borrowings

In November 2021, $300 of the Company’s senior notes with an annual fixed interest rate of 3.80% became due and were repaid using commercial paper borrowings.

The weighted average effective interest rate of notes and loans payable as of December 31, 2021 was 0.27%. The Company had no notes and loans payable outstanding as of June 30, 2021.