EMPLOYEE STOCK AND SAVINGS PLANS (Tables)

12 Months Ended

Jun. 30, 2022

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,	2022		2021		2020
Stock-based compensation expense	$	7,502	$	6,118	$	5,289
Income tax benefits related to stock-based compensation		1,293		1,065		938

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,				2022				2021				2020
Dividends per share (quarterly amounts)	$	0.56	–	0.62	$	0.51	–	0.56	$	0.46	–	0.51
Interest rates		0.03%	–	3.6%		0.01%	–	1.5%		0.1%	–	2.2%

Stock Plan Activity

During fiscal year 2022, the following activity occurred under our stock plans:

Shares			Weighted Average Grant-Date Fair Value
(In millions)
Stock Awards
Nonvested balance, beginning of year	100		$	152.51
Granted (a)	50			291.22
Vested	(47	)		143.10
Forfeited	(10	)		189.88
Nonvested balance, end of year	93		$	227.59

(a) Includes 1 million, 2 million, and 2 million of PSUs granted at target and performance adjustments above target levels for fiscal years 2022, 2021, and 2020, respectively.

Employee Purchased Shares

Employees purchased the following shares during the periods presented:

(Shares in millions)
Year Ended June 30,	2022		2021		2020
Shares purchased		7		8		9
Average price per share	$	259.55	$	207.88	$	142.22