LEASES (Tables)

9 Months Ended

Mar. 31, 2022

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

(In millions)		Three Months Ended March 31,				Nine Months Ended  March 31,
		2022		2021		2022		2021
Operating lease cost	$	744	$	553	$	1,801	$	1,554
Finance lease cost:
Amortization of right-of-use assets	$	289	$	211	$	779	$	666
Interest on lease liabilities		109		100		320		286
Total finance lease cost	$	398	$	311	$	1,099	$	952

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

(In millions)	Three Months Ended March 31,					Nine Months Ended March 31,
		2022		2021		2022		2021
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	726	$	533	$	1,733	$	1,506
Operating cash flows from finance leases		109		100		320		286
Financing cash flows from finance leases		233		168		655		457
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		1,421		1,106		4,151		3,362
Finance leases		720		836		3,094		2,664

Supplemental Balance Sheet Information Related to Leases

Supplemental balance sheet information related to leases was as follows:

(In millions, except lease term and discount rate)
	March 31, 2022			June 30, 2021
Operating Leases
Operating lease right-of-use assets	$	12,916		$	11,088
Other current liabilities	$	2,159		$	1,962
Operating lease liabilities		11,357			9,629
Total operating lease liabilities	$	13,516		$	11,591
Finance Leases
Property and equipment, at cost	$	16,803		$	14,107
Accumulated depreciation		(3,084	)		(2,306	)
Property and equipment, net	$	13,719		$	11,801
Other current liabilities	$	988		$	791
Other long-term liabilities		13,551			11,750
Total finance lease liabilities	$	14,539		$	12,541
Weighted Average Remaining Lease Term
Operating leases		8 years			8 years
Finance leases		12 years			12 years
Weighted Average Discount Rate
Operating leases		2.0%			2.2%
Finance leases		3.1%			3.4%

Maturities of Lease Liabilities

The following table outlines maturities of our lease liabilities as of March 31, 2022:

(In millions)
Year Ending June 30,	Operating Leases			Finance Leases
2022 (excluding the nine months ended March 31, 2022)	$	601		$	346
2023		2,335			1,404
2024		2,160			1,420
2025		1,885			1,749
2026		1,531			1,435
Thereafter		6,074			10,928
Total lease payments		14,586			17,282
Less imputed interest		(1,070	)		(2,743	)
Total	$	13,516		$	14,539