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EARNINGS PER SHARE (Tables)
9 Months Ended
Mar. 31, 2024
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS were as follows:

 

(In millions, except per share amounts)

Three Months Ended

March 31,

 

 

 

Nine Months Ended

March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2024

2023

 

 

 

2024

 

 

 

2023

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

$

21,939

$

18,299

 

 

$

66,100

 

 

$

52,280

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,431

7,441

 

 

 

7,431

 

 

 

7,450

Dilutive effect of stock-based awards

41

23

 

 

 

36

 

 

 

24

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,472

7,464

 

 

 

7,467

 

 

 

7,474

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

2.95

$

2.46

 

 

$

8.90

 

 

$

7.02

Diluted (A/C)

$

2.94

$

2.45

 

 

$

8.85

 

 

$

6.99