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EARNINGS PER SHARE (Tables)
12 Months Ended
Jun. 30, 2016
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS are as follows:

 

(In millions, except earnings per share)                   


Year Ended June 30,    2016     2015     2014  

Net income available for common shareholders (A)

   $   16,798      $   12,193      $   22,074   

Weighted average outstanding shares of common stock (B)

     7,925        8,177        8,299   

Dilutive effect of stock-based awards

     88        77        100   


 


 


Common stock and common stock equivalents (C)

     8,013        8,254        8,399   
    


 


 


Earnings Per Share

                        

Basic (A/B)

   $ 2.12      $ 1.49      $ 2.66   

Diluted (A/C)

   $ 2.10      $ 1.48      $ 2.63