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RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Jun. 30, 2024
Derivative Instruments and Hedging Activities Disclosure [Abstract]  
Schedule of Derivative Instruments
The notional amounts and fair values of financial instruments used in hedging transactions as of June 30, 2024 and 2023, are as follows:
Notional AmountFair Value AssetFair Value (Liability)
As of June 30202420232024202320242023
DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS
Interest rate contracts$2,993 $4,044 $— $— $(325)$(445)
DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS
Foreign currency interest rate contracts$10,140 $11,005 $119 $26 $(31)$(631)
TOTAL DERIVATIVES DESIGNATED AS HEDGING INSTRUMENTS$13,133 $15,049 $119 $26 $(356)$(1,076)
DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS
Foreign currency contracts$3,192 $3,489 $1 $7 $(23)$(42)
TOTAL DERIVATIVES AT FAIR VALUE$16,325 $18,538 $120 $33 $(379)$(1,118)
Schedule of Net Investment Hedges in Accumulated Other Comprehensive Income (Loss)
Before tax gains/(losses) on our financial instruments in hedging relationships are categorized as follows:
Amount of Gain/(Loss) Recognized in OCI on Derivatives
Fiscal years ended June 3020242023
DERIVATIVES IN NET INVESTMENT HEDGING RELATIONSHIPS (1) (2)
Foreign currency interest rate contracts$163 $(544)
(1)For the derivatives in net investment hedging relationships, the amount of gain excluded from effectiveness testing, which was recognized in earnings, was $229 and $238 for the fiscal years ended June 30, 2024 and 2023, respectively.
(2)In addition to the foreign currency derivative contracts designated as net investment hedges, certain of our foreign currency denominated debt instruments are designated as net investment hedges. The amount of gain/(loss) recognized in AOCI for such instruments was $255 and $(315), for the fiscal years ended June 30, 2024 and 2023, respectively.
Schedule of Derivative Instruments in Statement of Financial Position, Fair Value
Amount of Gain/(Loss) Recognized in Earnings
Fiscal years ended June 3020242023
DERIVATIVES IN FAIR VALUE HEDGING RELATIONSHIPS
Interest rate contracts$120 $(141)
DERIVATIVES NOT DESIGNATED AS HEDGING INSTRUMENTS
Foreign currency contracts$(91)$(97)