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EARNINGS PER SHARE (Tables)
9 Months Ended
Mar. 31, 2020
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)

 

Three Months Ended

March 31,

 

 

 

Nine Months Ended

March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2020

 

 

2019

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

 

$

10,752

 

 

$

8,809

 

 

$

33,079

 

 

$

26,053

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

 

 

7,602

 

 

 

7,672

 

 

 

7,619

 

 

 

7,679

 

Dilutive effect of stock-based awards

 

 

73

 

 

 

72

 

 

 

74

 

 

 

80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

 

 

7,675

 

 

 

7,744

 

 

 

7,693

 

 

 

7,759

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

 

$

1.41

 

 

$

1.15

 

 

$

4.34

 

 

$

3.39

 

Diluted (A/C)

 

$

1.40

 

 

$

1.14

 

 

$

4.30

 

 

$

3.36