INCOME TAXES (Tables)

12 Months Ended

Jun. 30, 2023

Income Tax Disclosure [Abstract]

Schedule of Income before Income Tax, Domestic and Foreign [Table Text Block]

Earnings before income taxes consisted of the following:

Fiscal years ended June 30	2023		2022		2021
United States	$	12,107	$	11,698	$	10,858
International	6,246		6,297		6,757
TOTAL	$	18,353	$	17,995	$	17,615

Schedule of Components of Income Tax Expense (Benefit) [Table Text Block]

Income taxes consisted of the following:

Fiscal years ended June 30	2023		2022		2021
CURRENT TAX EXPENSE
U.S. federal	$	2,303	$	1,916	$	1,663
International	1,412		1,333		1,534
U.S. state and local	353		355		324
TOTAL	4,068		3,604		3,521
DEFERRED TAX EXPENSE/(BENEFIT)
U.S. federal	(224)		(320)		(65)
International and other	(229)		(82)		(193)
TOTAL	(453)		(402)		(258)
TOTAL TAX EXPENSE	$	3,615	$	3,202	$	3,263

Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]

A reconciliation of the U.S. federal statutory income tax rate to our actual effective income tax rate is provided below:

Fiscal years ended June 30	2023		2022		2021
U.S. federal statutory income tax rate	21.0	%	21.0	%	21.0	%
Country mix impacts of foreign operations	(0.5)	%	(0.3)	%	(0.5)	%
State income taxes, net of federal benefit	1.6	%	1.5	%	1.3	%
Excess tax benefits from the exercise of stock options	(1.0)	%	(2.0)	%	(1.6)	%
Foreign derived intangible income deduction (FDII)	(0.8)	%	(1.1)	%	(1.0)	%
Changes in uncertain tax positions	0.1	%	(0.4)	%	(0.1)	%
Other	(0.7)	%	(0.9)	%	(0.6)	%
EFFECTIVE INCOME TAX RATE	19.7	%	17.8	%	18.5	%

Summary of Income Tax Contingencies [Table Text Block]

A reconciliation of the beginning and ending liability for uncertain tax positions is as follows:

Fiscal years ended June 30	2023		2022		2021
BEGINNING OF YEAR	$	583	$	627	$	485
Increases in tax positions for prior years	113		102		157
Decreases in tax positions for prior years	(119)		(118)		(34)
Increases in tax positions for current year	60		53		60
Settlements with taxing authorities	(108)		(42)		(26)
Lapse in statute of limitations	(7)		(17)		(24)
Currency translation	(7)		(22)		9
END OF YEAR	$	515	$	583	$	627

Schedule of Deferred Tax Assets and Liabilities [Table Text Block]

Deferred income tax assets and liabilities were comprised of the following:

As of June 30	2023		2022
DEFERRED TAX ASSETS
Loss and other carryforwards	$	1,014	$	914
Capitalized research & development	930		646
Pension and other retiree benefits	737		740
Accrued marketing and promotion	421		420
Stock-based compensation	412		386
Unrealized loss on financial and foreign exchange transactions	282		138
Fixed assets	223		209
Lease liabilities	197		185
Other	874		862
Valuation allowances	(403)		(409)
TOTAL	$	4,687	$	4,091
DEFERRED TAX LIABILITIES
Goodwill and other intangible assets	$	5,811	$	5,783
Fixed assets	1,556		1,542
Other retiree benefits	1,101		1,031
Unrealized gain on financial and foreign exchange transactions	198		439
Lease right-of-use assets	191		179
Foreign withholding tax on earnings to be repatriated	96		70
Other	381		244
TOTAL	$	9,334	$	9,288