DEBT (Tables)

9 Months Ended

Mar. 31, 2023

Debt Disclosure [Abstract]

Debt

The components of debt were as follows:

(In millions, issuance by calendar year)	Maturities (calendar year)				Stated Interest Rate				Effective Interest Rate			March 31, 2023			June 30, 2022
2009 issuance of $3.8 billion				2039				5.20%			5.24%	$	520		$	520
2010 issuance of $4.8 billion				2040				4.50%			4.57%		486			486
2011 issuance of $2.3 billion				2041				5.30%			5.36%		718			718
2012 issuance of $2.3 billion		2022	–	2042		2.13%	–	3.50%	2.24%	–	3.57%		454			1,204
2013 issuance of $5.2 billion		2023	–	2043		2.38%	–	4.88%	2.47%	–	4.92%		2,814			2,814
2013 issuance of €4.1 billion		2028	–	2033		2.63%	–	3.13%	2.69%	–	3.22%		2,499			2,404
2015 issuance of $23.8 billion		2025	–	2055		2.70%	–	4.75%	2.77%	–	4.78%		9,805			10,805
2016 issuance of $19.8 billion		2023	–	2056		2.00%	–	3.95%	2.10%	–	4.03%		9,430			9,430
2017 issuance of $17.0 billion		2024	–	2057		2.88%	–	4.50%	3.04%	–	4.53%		8,945			8,945
2020 issuance of $10.0 billion		2050	–	2060		2.53%	–	2.68%	2.53%	–	2.68%		10,000			10,000
2021 issuance of $8.2 billion		2052	–	2062		2.92%	–	3.04%	2.92%	–	3.04%		8,185			8,185
Total face value													53,856			55,511
Unamortized discount and issuance costs													(446	)		(471	)
Hedge fair value adjustments (a)													(88	)		(68	)
Premium on debt exchange													(5,112	)		(5,191	)
Total debt													48,210			49,781
Current portion of long-term debt													(6,245	)		(2,749	)
Long-term debt												$	41,965		$	47,032

(a)Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.

Maturities of Long-term Debt Including Current Portion

The following table outlines maturities of our long-term debt, including the current portion, as of March 31, 2023:

(In millions)
Year Ending June 30,
2023 (excluding the nine months ended March 31, 2023)	$	1,000
2024		5,250
2025		2,250
2026		3,000
2027		8,000
Thereafter		34,356
Total	$	53,856