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QUARTERLY INFORMATION (UNAUDITED) (Tables)
 12 Months Ended
Jun. 30, 2019
Quarterly Financial Information Disclosure [Abstract]  
Quarterly Information (Unaudited)

(In millions, except per share amounts)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Quarter Ended

 

September 30

 

 

December 31

 

 

March 31

 

 

June 30

 

 

Total

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

  29,084

 

 

$

32,471

 

$

30,571

 

 

$

33,717

 

 

$

125,843

 

Gross margin

 

 

19,179

 

 

 

20,048

 

 

20,401

 

 

 

23,305

 

 

 

82,933

 

Operating income

 

 

9,955

 

 

 

10,258

 

 

10,341

 

 

 

12,405

 

 

 

42,959

 

Net income (a)

 

 

8,824

 

 

 

8,420

 

 

8,809

 

 

 

13,187

 

 

 

39,240

 

Basic earnings per share

 

 

1.15

 

 

 

1.09

 

 

1.15

 

 

 

1.72

 

 

 

5.11

 

Diluted earnings per share (b)

 

 

1.14

 

 

 

1.08

 

 

1.14

 

 

 

1.71

 

 

 

5.06

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fiscal Year 2018

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Revenue

 

$

  24,538

 

 

$

28,918

 

 

$

26,819

 

 

$

30,085

 

 

$

110,360

 

Gross margin

 

 

16,260

 

 

 

17,854

 

 

 

17,550

 

 

 

20,343

 

 

 

72,007

 

Operating income

 

 

7,708

 

 

 

8,679

 

 

 

8,292

 

 

 

10,379

 

 

35,058

Net income (loss) (c)

 

 

6,576

 

 

 

(6,302

) 

 

 

7,424

 

 

 

8,873

 

 

16,571

Basic earnings (loss) per share

 

 

0.85

 

 

 

(0.82

) 

 

 

0.96

 

 

 

1.15

 

 

 

2.15

 

Diluted earnings (loss) per share (d)

 

 

0.84

 

 

 

(0.82

)

 

 

0.95

 

 

 

1.14

 

 

2.13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

(a)

Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.

(b)

Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019.

(c)

Reflects the net charge (benefit) related to the enactment of the TCJA of $13.8 billion for the second quarter, $(104) million for the fourth quarter, and $13.7 billion for fiscal year 2018.

(d)

Reflects the net charge (benefit) related to the enactment of the TCJA, which decreased (increased) diluted EPS $1.78 for the second quarter, $(0.01) for the fourth quarter, and $1.75 for fiscal year 2018.