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Stock Incentive Plans (Tables)
 12 Months Ended
Jun. 30, 2024
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 2024, 2023 and 2022 was estimated at the date of grant using a Black-Scholes option pricing model with the following weighted-average assumptions:
202420232022
Risk-free interest rate4.4 %3.0 %0.8 %
Expected life of award5.5 years5.6 years5.6 years
Expected dividend yield of stock1.8 %1.8 %1.9 %
Expected volatility of stock39.0 %37.1 %35.7 %
Weighted-average fair value$146.72 $97.70 $81.71 
Stock appreciation rights activity
SAR activity during 2024 is as follows (aggregate intrinsic value in millions):    
Number of SharesWeighted-Average Exercise PriceWeighted-Average Remaining Contractual TermAggregate Intrinsic Value
Outstanding June 30, 20233,873,429 $199.08 
Granted519,305 $406.18 
Exercised(877,243)$162.31 
Canceled(20,708)$355.27 
Outstanding June 30, 20243,494,783 $238.15 5.96 years$935.4 
Exercisable June 30, 20242,444,988 $189.92 4.89 years$772.3 
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, 20231,136,093 $84.36 
Granted519,305 $146.66 
Vested(584,895)$76.14 
Canceled(20,708)$120.19 
Nonvested June 30, 20241,049,795 $119.05 
Information related to stock appreciation rights awards exercised
Information related to SAR awards exercised during 2024, 2023 and 2022 is as follows:
202420232022
Net cash proceeds$3,606 $3,476 $2,831 
Intrinsic value$269,535 $158,452 $97,002 
Income tax benefit$44,453 $26,854 $15,845 
Number of shares surrendered177,707 152,835 98,673 
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, 2023205,521 $278.88 
Granted84,008 $403.27 
Vested(105,855)$263.14 
Canceled(5,855)$344.65 
Nonvested June 30, 2024177,819 $344.85 
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, 20236,225 $278.90 
Granted4,658 $367.97 
Vested(6,244)$278.90 
Nonvested June 30, 20244,639 $368.34 
Status and changes of shares of long term incentive plans shares and the related average price per share
Stock issued and surrendered for LTIP202420232022
LTIP three-year plan2021-22-232020-21-222019-20-21
Number of shares issued122,837 204,175 251,783 
Number of shares surrendered64,340 102,120 124,007 
Share value on date of issuance$546.26 $311.65 $271.38 
Total value of shares issued$67,102 $63,631 $68,329 
A summary 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, 2023392,607 $292.32 
Granted149,988 $380.97 
Vested(187,177)$249.97 
Canceled(7,841)$329.54 
Nonvested June 30, 2024347,577 $350.75