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SHARE-BASED COMPENSATION (Tables)
12 Months Ended
Jun. 30, 2024
Share-Based Payment Arrangement [Abstract]  
Share-based Payment Arrangement, Activity
Total expense and related recognized tax benefit were as follows:
Fiscal years ended June 30202420232022
Stock options$270 $303 $271 
RSUs and PSUs292 242 257 
Total share-based expense$562 $545 $528 
Income tax benefit$103 $103 $88 
Schedule of Share-based Payment Award, Employee Stock Purchase Plan, Valuation Assumptions Assumptions utilized in the model, which are evaluated and revised to reflect market conditions and experience, were as follows:
Fiscal years ended June 30202420232022
Interest rate4.6-5.5 %3.7-4.1 %0.1-1.6 %
Weighted average interest rate4.6 %3.7 %1.5 %
Dividend yield2.5 %2.6 %2.4 %
Expected volatility18 %21 %19 %
Expected life in years8.88.89.1
The following table provides additional information on stock options:
Fiscal years ended June 30202420232022
Weighted average grant-date fair value of options granted$34.25 $29.58 $21.55 
Intrinsic value of options exercised1,621 979 1,886 
Grant-date fair value of options that vested244 219 177 
Cash received from options exercised1,888 1,189 1,930 
Actual tax benefit from options exercised330 207 399 
Share-based Payment Arrangement, Option, Activity
A summary of options outstanding under the plans as of June 30, 2024, 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, 2023121,205 $104.18 
Granted8,737 147.76 
Exercised(22,190)85.08 
Forfeited/expired(391)134.69 
OUTSTANDING AT JUNE 30, 2024107,362 $111.59 5.1$5,732 
Exercisable75,692 $99.51 3.9$4,951 
Schedule of Nonvested Share Activity
A summary of non-vested RSUs and PSUs outstanding under the plans as of June 30, 2024, 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, 20233,172 $134.94 1,011 $142.40 
Granted1,519 147.15 524 155.86 
Vested(1,299)136.73 (506)152.73 
Forfeited(71)143.02 (13)155.36 
Non-vested at June 30, 20243,321 $139.65 1,016 $144.06