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Stock Incentive Plans (Tables)
 12 Months Ended
Jun. 30, 2021
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 2021, 2020 and 2019 was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
202120202019
Risk-free interest rate0.4 %1.5 %2.8 %
Expected life of award5.4 years5.1 years5.1 years
Expected dividend yield of stock2.0 %2.0 %1.9 %
Expected volatility of stock35.2 %25.9 %24.2 %
Weighted-average fair value$53.92 $31.68 $35.09 
Stock appreciation rights activity
SAR activity during 2021 is as follows (aggregate intrinsic value in millions):    
Number of SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding June 30, 20205,183,970 $132.42 
Granted741,852 $209.56 
Exercised(1,741,352)$116.51 
Canceled(35,884)$185.29 
Outstanding June 30, 20214,148,586 $152.44 6.3 years$641.7 
Exercisable June 30, 20212,677,757 $134.55 5.1 years$462.1 
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 SharesWeighted-Average Grant Date Fair Value
Nonvested June 30, 20201,539,502 $32.41 
Granted741,852 $53.92 
Vested(774,721)$32.09 
Canceled(35,804)$42.50 
Nonvested June 30, 20211,470,829 $43.19 
Information related to stock appreciation rights awards exercised Information related to SAR awards exercised during 2021, 2020 and 2019 is as follows:
202120202019
Net cash proceeds$4,684 $2,623 $2,475 
Intrinsic value225,025 133,641 95,502 
Income tax benefit$37,437 $21,132 $15,584 
Number of shares surrendered316,330 228,986 158,610 
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 SharesWeighted-Average Grant Date Fair Value
Nonvested June 30, 2020350,573 $160.66 
Granted137,488 $218.17 
Vested(130,121)$161.75 
Canceled(8,354)$188.20 
Nonvested June 30, 2021349,586 $182.22 
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 SharesWeighted-Average Grant Date Fair Value
Nonvested June 30, 20208,262 $187.49 
Granted8,122 $214.46 
Vested(8,298)$187.49 
Canceled
(610)$203.23 
Nonvested June 30, 20217,476 $215.51 
Status and changes of shares of long term incentive plans shares and the related average price per share
Stock issued and surrendered for LTIP202120202019
LTIP three-year plan2018-19-202017-18-192016-17-18
Number of shares issued210,864 279,469 293,136 
Number of shares surrendered105,402 132,449 134,169 
Share value on date of issuance$317.60 $134.95 $183.00 
Total value of shares issued$66,970 $37,714 $53,644 
A summary of the status and changes of shares relating to the LTIP and the related average price per share follows:    
Number of SharesWeighted-Average Grant Date Fair Value
Nonvested June 30, 2020539,059 $186.75 
Granted141,122 $242.80 
Vested(173,582)$208.83 
Canceled(11,548)$199.95 
Nonvested June 30, 2021495,051 $194.68