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POSTRETIREMENT BENEFITS AND EMPLOYEE STOCK OWNERSHIP PLAN - FAIR VALUE OF PLAN ASSETS (Details) RETAG - USD ($)
$ in Millions
Jun. 30, 2020
Jun. 30, 2019
Jun. 30, 2018
Pension Plan      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [1] $ 11,484 $ 11,382 $ 11,267
Pension Plan | Fair Value, Inputs, Level 1, 2 and 3 [Member]      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount 2,167 425  
Pension Plan | Cash and Cash Equivalents | Fair Value, Inputs, Level 1      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount 61 47  
Pension Plan | Company Stock | Fair Value, Inputs, Level 1      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount 0 0  
Pension Plan | Company Preferred Stock | Fair Value, Inputs, Level 2      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [2] 0 0  
Pension Plan | Fixed Income Securities | Fair Value, Inputs, Level 2      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [3] 1,991 265  
Pension Plan | Insurance Contracts [Domain] | Fair Value, Inputs, Level 3      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [4] 115 113  
Pension Plan | Other Assets | Fair Value Measured at Net Asset Value Per Share [Member]      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [5] 9,317 10,957  
Other Retiree Benefits      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [6] 5,618 5,096 $ 3,259
Other Retiree Benefits | Fair Value, Inputs, Level 1, 2 and 3 [Member]      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount 5,489 4,948  
Other Retiree Benefits | Cash and Cash Equivalents | Fair Value, Inputs, Level 1      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount 121 111  
Other Retiree Benefits | Company Stock | Fair Value, Inputs, Level 1      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount 217 179  
Other Retiree Benefits | Company Preferred Stock | Fair Value, Inputs, Level 2      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [2] 5,139 4,657  
Other Retiree Benefits | Fixed Income Securities | Fair Value, Inputs, Level 2      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [3] 12 1  
Other Retiree Benefits | Insurance Contracts [Domain] | Fair Value, Inputs, Level 3      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [4] 0 0  
Other Retiree Benefits | Other Assets | Fair Value Measured at Net Asset Value Per Share [Member]      
ASSETS AT FAIR VALUE      
Defined Benefit Plan, Plan Assets, Amount [5] $ 129 $ 148  
[1] Primarily non-U.S.-based defined benefit retirement plans.
[2] Company preferred stock is valued based on the value of Company common stock and is presented net of ESOP debt discussed below.
[3] Fixed income securities, classified as Level 2, are estimated by using pricing models or quoted prices of securities with similar characteristics.
[4] Fair values of insurance contracts are valued based on either their cash equivalent value or models that project future cash flows and discount the future amounts to a present value using market-based observable inputs, including credit risk and interest rate curves. The activity for Level 3 assets is not significant for all years presented.
[5] Investments valued using net asset value as a practical expedient are primarily equity and fixed income collective funds.
[6] Primarily U.S.-based other postretirement benefit plans.