XML 45 R29.htm IDEA: XBRL DOCUMENT v3.23.2
STOCK-BASED COMPENSATION (Tables)
 12 Months Ended
Jun. 30, 2023
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Activity [Table Text Block]
Total expense and related tax benefit were as follows:
Fiscal years ended June 30202320222021
Stock options$303 $271 $279 
RSUs and PSUs242 257 261 
Total share-based expense$545 $528 $540 
Income tax benefit$103 $88 $102 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions [Table Text Block] Assumptions utilized in the model, which are evaluated and revised to reflect market conditions and experience, were as follows:
Fiscal years ended June 30202320222021
Interest rate3.7-4.1 %0.1-1.6 %0.1-0.7 %
Weighted average interest rate3.7 %1.5 %0.6 %
Dividend yield2.6 %2.4 %2.4 %
Expected volatility21 %19 %20 %
Expected life in years8.89.19.2
The following table provides additional information on stock options:
Fiscal years ended June 30202320222021
Weighted average grant-date fair value of options granted$29.58 $21.55 $20.94 
Intrinsic value of options exercised979 1,886 1,401 
Grant-date fair value of options that vested219 177 236 
Cash received from options exercised1,189 1,930 1,705 
Actual tax benefit from options exercised207 399 292 
Share-based Payment Arrangement, Option, Activity [Table Text Block]
A summary of options outstanding under the plans as of June 30, 2023, and activity during the year then ended is presented below:
OptionsOptions
(in thousands)		Weighted Average Exercise PriceWeighted Average Contractual Life in YearsAggregate Intrinsic Value
Outstanding at July 1, 2022126,715 $99.59 
Granted9,672 131.26 
Exercised(14,667)81.07 
Forfeited/expired(515)128.40 
Outstanding at June 30, 2023121,205 $104.18 5.1$5,770 
Exercisable86,336 $90.46 3.9$5,291 
Schedule of Nonvested Share Activity [Table Text Block]
A summary of non-vested RSUs and PSUs outstanding under the plans as of June 30, 2023, and activity during the year then ended is presented below:
RSUsPSUs
RSU and PSU awardsUnits (in thousands)Weighted Average Grant Date Fair ValueUnits (in thousands)Weighted Average Grant Date Fair Value
Non-vested at July 1, 20222,832 $130.37 928 $152.94 
Granted1,727 128.78 569 133.21 
Vested(1,286)116.89 (453)152.90 
Forfeited(101)131.22 (33)140.68 
Non-vested at June 30, 20233,172 $134.94 1,011 $142.40