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EARNINGS PER SHARE (Tables)
9 Months Ended
Mar. 31, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS were as follows:

 

(In millions, except earnings per share)

Three Months Ended

March 31,

Nine Months Ended

March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2023

2022

2023

 

2022

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

$

18,299

$

16,728

$

52,280

$

55,998

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,441

7,493

7,450

7,504

Dilutive effect of stock-based awards

23

41

24

48

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,464

7,534

7,474

7,552

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

2.46

$

2.23

$

7.02

$

7.46

Diluted (A/C)

$

2.45

$

2.22

$

6.99

$

7.41