LEASES (Tables)

12 Months Ended

Jun. 30, 2021

The components of lease expense were as follows:

(In millions)


Year Ended June 30,	2021			2020		2019

Operating lease cost	$	2,127	$	2,043	$	1,707


Finance lease cost:
Amortization of right-of-use assets	$	921	$	611	$	370
Interest on lease liabilities		386		336		247


Total finance lease cost	$	1,307	$	947	$	617

Supplemental cash flow information related to leases was as follows:

(In millions)


Year Ended June 30,	2021			2020		2019

Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	2,052	$	1,829	$	1,670
Operating cash flows from finance leases		386		336		247
Financing cash flows from finance leases		648		409		221

Right-of-use assets obtained in exchange for lease obligations:
Operating leases		4,380		3,677		2,303
Finance leases		3,290		3,467		2,532

Supplemental balance sheet information related to leases was as follows:

(In millions, except lease term and discount rate)


June 30,	2021			2020

Operating Leases

Operating lease right-of-use assets	$	11,088		$	8,753


Other current liabilities	$	1,962		$	1,616
Operating lease liabilities		9,629			7,671


Total operating lease liabilities	$	11,591		$	9,287


Finance Leases

Property and equipment, at cost	$	14,107		$	10,371
Accumulated depreciation		(2,306	)		(1,385	)


Property and equipment, net	$	11,801		$	8,986


Other current liabilities	$	791		$	540
Other long-term liabilities		11,750			8,956


Total finance lease liabilities	$	12,541		$	9,496


Weighted Average Remaining Lease Term

Operating leases		8 years			8 years
Finance leases		12 years			13 years

Weighted Average Discount Rate

Operating leases		2.2%			2.7%
Finance leases		3.4%			3.9%

The following table outlines maturities of our lease liabilities as of June 30, 2021: