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Stock Incentive Plans (Tables)
 12 Months Ended
Jun. 30, 2020
Share-based Payment Arrangement [Abstract]  
Weighted average assumptions used in fair value of each stock appreciation right award granted
The fair value of each SAR award granted in 2020, 2019 and 2018 was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
 
2020

 
2019

 
2018

Risk-free interest rate
1.5
%
 
2.8
%
 
1.9
%
Expected life of award
5.1 years

 
5.1 years

 
5.2 years

Expected dividend yield of stock
2.0
%
 
1.9
%
 
2.0
%
Expected volatility of stock
25.9
%
 
24.2
%
 
23.4
%
Weighted-average fair value
$
31.68

 
$
35.09

 
$
29.71
Stock appreciation rights activity
SAR activity during 2020 is as follows (aggregate intrinsic value in millions):    
 
Number of Shares
 
Weighted-Average Exercise Price
 
Weighted-Average Remaining Contractual Term
 
Aggregate Intrinsic Value
Outstanding June 30, 2019
5,749,455

 
$
119.29

 
 
 
 
Granted
815,035

 
$
158.90

 
 
 
 
Exercised
(1,341,539
)
 
$
91.37

 
 
 
 
Canceled
(38,981
)
 
$
161.10

 
 
 
 
Outstanding June 30, 2020
5,183,970

 
$
132.42

 
6.0 years
 
$
263.6

Exercisable June 30, 2020
3,644,468

 
$
120.28

 
5.0 years
 
$
229.6
Summary of the status and shares subject to stock appreciation rights awards and average price per share
A summary of the status and changes of shares subject to SAR awards and the related average price per share follows:
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2019
1,661,198

 
$
31.58

Granted
815,035

 
$
31.68

Vested
(899,126
)
 
$
30.26

Canceled
(37,605
)
 
$
31.46

Nonvested June 30, 2020
1,539,502

 
$
32.41
Information related to stock appreciation rights awards exercised
Information related to SAR awards exercised during 2020, 2019 and 2018 is as follows:
 
2020

 
2019

 
2018

Net cash proceeds
$
2,623

 
$
2,475

 
$
3,682

Intrinsic value
133,641

 
95,502

 
136,000

Income tax benefit
$
21,132

 
$
15,584

 
$
28,701

Number of shares surrendered
228,986

 
158,610

 
269,670
Summary of the status and shares subject to restricted stock units and average price per share A summary of the status and changes of shares subject to RSU awards for employees and the related average price per share follows:
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2019
374,080

 
$
155.07

Granted
150,489

 
$
160.54

Vested
(158,823
)
 
$
147.20

Canceled
(15,173
)
 
$
162.41

Nonvested June 30, 2020
350,573

 
$
160.66


 A summary of the status and changes of shares subject to Board of Directors RSU awards and the related average price per share follows:
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2019
8,003

 
$
147.38

Granted
8,300

 
$
187.31

Vested
(8,041
)
 
$
147.38

Nonvested June 30, 2020
8,262

 
$
187.49
Status and changes of shares of long term incentive plans shares and the related average price per share
Stock issued and surrendered for LTIP
 
2020

 
2019

 
2018

LTIP three-year plan
 
2017-18-19

 
2016-17-18

 
2015-16-17

Number of shares issued
 
279,469

 
293,136

 
308,278

Number of shares surrendered
 
132,449

 
134,169

 
139,918

Share value on date of issuance
 
$
134.95

 
$
183.00

 
$
176.39

Total value of shares issued
 
$
37,714

 
$
53,644

 
$
54,377


A summary of the status and changes of shares relating to the LTIP and the related average price per share follows:    
 
Number of Shares
 
Weighted-Average Grant Date Fair Value
Nonvested June 30, 2019
600,717

 
$
169.36

Granted
173,075

 
$
197.84

Vested
(226,081
)
 
$
149.52

Canceled
(8,652
)
 
$
174.29

Nonvested June 30, 2020
539,059

 
$
186.75