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EARNINGS PER SHARE (Tables)
 12 Months Ended
Jun. 30, 2018
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS were as follows:

 

(In millions, except earnings per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

2018

 

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

 

$

  16,571

 

 

$

  25,489

 

 

$

  20,539

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

 

 

7,700

 

 

 

7,746

 

 

 

7,925

 

Dilutive effect of stock-based awards

 

 

94

 

 

 

86

 

 

 

88

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

 

 

  7,794

 

 

 

  7,832

 

 

 

  8,013

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

 

$

2.15

 

 

$

3.29

 

 

$

2.59

 

Diluted (A/C)

 

$

2.13

 

 

$

3.25

 

 

$

2.56