LEASES (Tables)

9 Months Ended

Mar. 31, 2023

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

(In millions)	Three Months Ended March 31,				Nine Months Ended March 31,
		2023		2022		2023		2022
Operating lease cost	$	766	$	744	$	2,112	$	1,801
Finance lease cost:
Amortization of right-of-use assets	$	348	$	289	$	994	$	779
Interest on lease liabilities		132		109		364		320
Total finance lease cost	$	480	$	398	$	1,358	$	1,099

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

(In millions)	Three Months Ended March 31,				Nine Months Ended March 31,
		2023		2022		2023		2022
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	690	$	726	$	1,989	$	1,733
Operating cash flows from finance leases		132		109		364		320
Financing cash flows from finance leases		272		233		790		655
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		663		1,421		2,377		4,151
Finance leases		1,044		720		2,253		3,094

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

(In millions, except lease term and discount rate)
	March 31, 2023			June 30, 2022
Operating Leases
Operating lease right-of-use assets	$	13,879		$	13,148
Other current liabilities	$	2,327		$	2,228
Operating lease liabilities		12,312			11,489
Total operating lease liabilities	$	14,639		$	13,717
Finance Leases
Property and equipment, at cost	$	19,652		$	17,388
Accumulated depreciation		(4,287	)		(3,285	)
Property and equipment, net	$	15,365		$	14,103
Other current liabilities	$	1,153		$	1,060
Other long-term liabilities		15,310			13,842
Total finance lease liabilities	$	16,463		$	14,902
Weighted Average Remaining Lease Term
Operating leases		8 years			8 years
Finance leases		11 years			12 years
Weighted Average Discount Rate
Operating leases		2.7%			2.1%
Finance leases		3.4%			3.1%

Maturities of Lease Liabilities

The following table outlines maturities of our lease liabilities as of March 31, 2023:

(In millions)
Year Ending June 30,	Operating Leases			Finance Leases
2023 (excluding the nine months ended March 31, 2023)	$	683		$	413
2024		2,625			1,706
2025		2,334			2,025
2026		1,964			1,710
2027		1,646			1,720
Thereafter		7,175			12,395
Total lease payments		16,427			19,969
Less imputed interest		(1,788	)		(3,506	)
Total	$	14,639		$	16,463