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EARNINGS PER SHARE (Tables)
 12 Months Ended
Jun. 30, 2021
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)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Year Ended June 30,

 

2021

 

 

2020

 

 

2019

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

 

$

61,271

 

 

$

44,281

 

 

$

39,240

 

Weighted average outstanding shares of common stock (B)

 

 

7,547

 

 

 

7,610

 

 

 

7,673

 

Dilutive effect of stock-based awards

 

 

61

 

 

 

73

 

 

 

80

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

 

 

7,608

 

 

 

7,683

 

 

 

7,753

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

 

$

8.12

 

 

$

5.82

 

 

$

5.11

 

Diluted (A/C)

 

$

8.05

 

 

$

5.76

 

 

$

5.06