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QUARTERLY INFORMATION (UNAUDITED) | 12 Months Ended
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Jun. 30, 2020
Quarterly Financial Information Disclosure [Abstract] |
QUARTERLY INFORMATION (UNAUDITED) | NOTE 20 — QUARTERLY INFORMATION (UNAUDITED)
(In millions, except per share amounts) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Quarter Ended |  | September 30 |  |  | December 31 |  |  | March 31 |  |  | June 30 |  |  | Total |
Fiscal Year 2020 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  | $ | 33,055 |  |  | $ | 36,906 |  |  | $ | 35,021 |  |  | $ | 38,033 |  |  | $ | 143,015 |
Gross margin |  |  | 22,649 |  |  |  | 24,548 |  |  |  | 24,046 |  |  |  | 25,694 |  |  |  | 96,937 |
Operating income |  |  | 12,686 |  |  |  | 13,891 |  |  |  | 12,975 |  |  |  | 13,407 |  |  |  | 52,959 |
Net income |  |  | 10,678 |  |  |  | 11,649 |  |  |  | 10,752 |  |  |  | 11,202 |  |  |  | 44,281 |
Basic earnings per share |  |  | 1.40 |  |  |  | 1.53 |  |  |  | 1.41 |  |  |  | 1.48 |  |  |  | 5.82 |
Diluted earnings per share |  |  | 1.38 |  |  |  | 1.51 |  |  |  | 1.40 |  |  |  | 1.46 |  |  |  | 5.76 |
Fiscal Year 2019 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Revenue |  |  | 29,084 |  |  |  | 32,471 |  |  |  | 30,571 |  |  |  | 33,717 |  |  |  | 125,843 |
Gross margin |  |  | 19,179 |  |  |  | 20,048 |  |  |  | 20,401 |  |  |  | 23,305 |  |  |  | 82,933 |
Operating income |  |  | 9,955 |  |  |  | 10,258 |  |  |  | 10,341 |  |  |  | 12,405 |  |  |  | 42,959 |
Net income (a) |  |  | 8,824 |  |  |  | 8,420 |  |  |  | 8,809 |  |  |  | 13,187 |  |  |  | 39,240 |
Basic earnings per share |  |  | 1.15 |  |  |  | 1.09 |  |  |  | 1.15 |  |  |  | 1.72 |  |  |  | 5.11 |
Diluted earnings per share (b) |  |  | 1.14 |  |  |  | 1.08 |  |  |  | 1.14 |  |  |  | 1.71 |  |  |  | 5.06 |
(a) | Reflects the $157 million net charge related to the enactment of the TCJA for the second quarter and the $2.6 billion net income tax benefit related to the intangible property transfers for the fourth quarter, which together increased net income by $2.4 billion for fiscal year 2019. See Note 12 – Income Taxes for further information.
(b) | Reflects the net charge related to the enactment of the TCJA and the net income tax benefit related to the intangible property transfers, which decreased (increased) diluted EPS $0.02 for the second quarter, $(0.34) for the fourth quarter, and $(0.31) for fiscal year 2019.

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- Definition The entire disclosure for quarterly financial data. Includes, but is not limited to, tabular presentation of financial information for fiscal quarters, effect of year-end adjustments, and an explanation of matters or transactions that affect comparability of the information. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 270 -URI http://asc.fasb.org/topic&trid=2126967 + Details
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