DEBT (Tables)

3 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Components of Long-term Debt

The components of long-term debt were as follows:

(In millions, issuance by calendar year)	Maturities (calendar year)				Stated Interest Rate				Effective Interest Rate			September 30, 2023			June 30, 2023
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				2042				3.50%			3.57%		454			454
2013 issuance of $5.2 billion		2023	–	2043		3.63%	–	4.88%	3.73%	–	4.92%		1,814			1,814
2013 issuance of €4.1 billion		2028	–	2033		2.63%	–	3.13%	2.69%	–	3.22%		2,435			2,509
2015 issuance of $23.8 billion		2025	–	2055		2.70%	–	4.75%	2.77%	–	4.78%		9,805			9,805
2016 issuance of $19.8 billion		2026	–	2056		2.40%	–	3.95%	2.46%	–	4.03%		7,930			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													51,292			52,866
Unamortized discount and issuance costs													(431	)		(438	)
Hedge fair value adjustments (a)													(109	)		(106	)
Premium on debt exchange													(5,058	)		(5,085	)
Total debt													45,694			47,237
Current portion of long-term debt													(3,748	)		(5,247	)
Long-term debt												$	41,946		$	41,990

(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 September 30, 2023:

(In millions)
Year Ending June 30,
2024 (excluding the three months ended September 30, 2023)	$	3,750
2025		2,250
2026		3,000
2027		8,000
2028		0
Thereafter		34,292
Total	$	51,292