DEBT (Tables)

3 Months Ended

Sep. 30, 2019

Debt Disclosure [Abstract]

Debt

The components of debt were as follows:

(In millions, issuance by calendar year)	Maturities (calendar year)				Stated Interest Rate				Effective Interest Rate			September 30, 2019			June 30, 2019
2009 issuance of $3.8 billion				2039				5.20%			5.24%	$	750		$	750
2010 issuance of $4.8 billion		2020	–	2040		3.00%	–	4.50%	3.14%	–	4.57%		2,000			2,000
2011 issuance of $2.3 billion		2021	–	2041		4.00%	–	5.30%	4.08%	–	5.36%		1,500			1,500
2012 issuance of $2.3 billion		2022	–	2042		2.13%	–	3.50%	2.24%	–	3.57%		1,650			1,650
2013 issuance of $5.2 billion		2023	–	2043		2.38%	–	4.88%	2.47%	–	4.92%		3,500			3,500
2013 issuance of €4.1 billion		2021	–	2033		2.13%	–	3.13%	2.23%	–	3.22%		4,416			4,613
2014 issuance (a)				2019				0.50%			0.50%		18			18
2015 issuance of $23.8 billion		2020	–	2055		1.85%	–	4.75%	1.93%	–	4.78%		22,000			22,000
2016 issuance of $19.8 billion		2021	–	2056		1.55%	–	3.95%	1.64%	–	4.03%		17,250			19,750
2017 issuance of $17.0 billion		2020	–	2057		1.85%	–	4.50%	1.95%	–	4.53%		17,000			17,000
Total face value													70,084			72,781
Unamortized discount and issuance costs													(590	)		(603	)
Hedge fair value adjustments (b)													1			0
Total debt													69,495			72,178
Current portion of long-term debt													(3,017	)		(5,516	)
Long-term debt												$	66,478		$	66,662

(a) Convertible senior notes issued by LinkedIn, substantially all of which were redeemed after our acquisition of LinkedIn. The remaining notes are not redeemable.

(b) Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.

Maturities of Long-term Debt

Maturities of our long-term debt for each of the next five years and thereafter are as follows:

(In millions)	September 30, 2019
Year Ending June 30,
2020 (excluding the three months ended September 30, 2019)	$	3,018
2021		3,750
2022		7,908
2023		2,750
2024		5,250
Thereafter		47,408
Total	$	70,084