EMPLOYEE STOCK AND SAVINGS PLANS (Tables)

12 Months Ended

Jun. 30, 2018

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation Expense and Related Income Tax Benefits

Stock-based compensation expense and related income tax benefits were as follows:

(In millions)
Year Ended June 30,	2018		2017		2016
Stock-based compensation expense	$	3,940	$	3,266	$	2,668
Income tax benefits related to stock-based compensation		823		1,066		882

Assumptions Used in Estimating the Fair Value of Stock Award Grants

The fair value of stock awards was estimated on the date of grant using the following assumptions:

Year Ended June 30,	2018		2017		2016
Dividends per share (quarterly amounts)		$0.39 - $0.42		$0.36 - $0.39		$0.31 - $0.36
Interest rates		1.7% - 2.9%		1.2% - 2.2%		1.1% - 1.8%

Stock Plan Activity

During fiscal year 2018, the following activity occurred under our stock plans:

Shares			Weighted Average Grant-Date Fair Value
(In millions)
Stock Awards
Nonvested balance, beginning of year	201		$	46.32
Granted (a)	70			75.88
Vested	(80	)		45.74
Forfeited	(17	)		53.41
Nonvested balance, end of year	174			57.85

(a) Includes 3 million, 2 million, and 1 million of PSUs granted at target and performance adjustments above target levels for fiscal years 2018, 2017, and 2016, respectively.

Employee Purchased Shares

Employees purchased the following shares during the periods presented:

(Shares in millions)
Year Ended June 30,	2018		2017		2016
Shares purchased		13		13		15
Average price per share	$	76.40	$	56.36	$	44.83