Debt

12 Months Ended

Jun. 30, 2024

Debt Disclosure [Abstract]

Debt

Debt

June 30,	2024		2023
Domestic:
Fixed rate medium-term notes, 3.30% to 6.25%, due 2025 - 2045	$	1,825,000	$	1,825,000
Senior Notes, 2.70% to 4.50%, due 2024 - 2049	5,300,000		7,275,000
Term Loan Facility, due 2026	490,000		875,000
Foreign:
Euro Senior Notes, 1.125%, due 2025	749,945		763,770
Other long-term debt	104,794		106,598
Deferred debt issuance costs	(57,725)		(74,713)
Total long-term debt	8,412,014		10,770,655
Less: Long-term debt payable within one year	1,254,980		1,974,371
Long-term debt, net	$	7,157,034	$	8,796,284

In September 2022, the Company fully drew against the $2.0 billion delayed-draw Term Loan Facility (the "Term Loan Facility"), which will mature in its entirety in September 2025. We used the proceeds of the Term Loan Facility to finance a portion of the Acquisition. At June 30, 2024, the Term Loan Facility had an interest rate of Secured Overnight Financing Rate plus 122.5 bps. Interest payments are made at the interest reset dates, which are either one, three, or six months at the discretion of the Company. Additionally, the provisions of the Term Loan Facility allow for prepayments at the Company's discretion. During 2024, we made principal payments totaling $385 million related to the Term Loan Facility. We also repaid in full $575 million and $1.4 billion aggregate principal amount of Senior Notes, with interest rates of 2.70 percent and 3.65 percent, respectively, which matured in 2024.

Principal amounts of long-term debt payable in the five years ending June 30, 2025 through 2029 are $1,261 million, $500 million, $710 million, $1,209 million and $1,009 million, respectively. The principal amounts of long-term debt payable exclude the amortization of debt issuance costs.