DEBT (Tables)

9 Months Ended

Mar. 31, 2020

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			March 31, 2020			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%		4,443			4,613
2014 issuance													0			18
2015 issuance of $23.8 billion		2020	–	2055		2.00%	–	4.75%	2.09%	–	4.78%		20,500			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		2022	–	2057		2.40%	–	4.50%	2.52%	–	4.53%		15,500			17,000
Total face value													67,093			72,781
Unamortized discount and issuance costs													(563	)		(603	)
Hedge fair value adjustments (a)													80			0
Total debt													66,610			72,178
Current portion of long-term debt													(3,748	)		(5,516	)
Long-term debt												$	62,862		$	66,662

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

Maturities of Long-term Debt

The following table outlines maturities of our long-term debt as of March 31, 2020:

(In millions)
Year Ending June 30,
2021	$	3,750
2022		7,920
2023		2,750
2024		5,250
Thereafter		47,423
Total	$	67,093