EMPLOYEE STOCK AND SAVINGS PLANS (Tables)

12 Months Ended

Jun. 30, 2021

Disclosure Of Compensation Related Costs Sharebased Payments [Abstract]

Stock-Based Compensation Expense and Related Income Tax Benefits

Stock-based compensation expense and related income tax benefits were as follows:

(In millions)
Year Ended June 30,	2021		2020		2019
Stock-based compensation expense	$	6,118	$	5,289	$	4,652
Income tax benefits related to stock-based compensation		1,065		938		816

Assumptions Used in Estimating the Fair Value of Stock Award Grants

The fair value of stock awards was estimated on the date of grant using the following assumptions:

Year ended June 30,				2021				2020				2019
Dividends per share (quarterly amounts)	$	0.51	–	0.56	$	0.46	–	0.51	$	0.42	–	0.46
Interest rates		0.01%	–	1.5%		0.1%	–	2.2%		1.8%	–	3.1%

Stock Plan Activity

During fiscal year 2021, the following activity occurred under our stock plans:

Shares			Weighted Average Grant-Date Fair Value
(In millions)
Stock Awards
Nonvested balance, beginning of year	126		$	105.23
Granted (a)	40			221.13
Vested	(58	)		99.41
Forfeited	(8	)		129.92
Nonvested balance, end of year	100		$	152.51

(a) Includes 2 million of PSUs granted at target and performance adjustments above target levels for fiscal years 2021, 2020, and 2019.

Employee Purchased Shares

Employees purchased the following shares during the periods presented:

(Shares in millions)
Year Ended June 30,	2021		2020		2019
Shares purchased		8		9		11
Average price per share	$	207.88	$	142.22	$	104.85