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EARNINGS PER SHARE (Tables)
9 Months Ended
Mar. 31, 2018
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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

2017

 

 

2018

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

 

$

7,424

 

 

$

5,486

 

 

$

7,698

 

 

$

17,420

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

 

 

7,698

 

 

 

7,725

 

 

 

7,706

 

 

 

7,756

 

Dilutive effect of stock-based awards

 

 

96

 

 

 

88

 

 

 

92

 

 

 

84

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

 

 

7,794

 

 

 

7,813

 

 

 

7,798

 

 

 

7,840

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

 

$

0.96

 

 

$

0.71

 

 

$

1.00

 

 

$

2.25

 

Diluted (A/C)

 

$

0.95

 

 

$

0.70

 

 

$

0.99

 

 

$

2.22