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DEBT (Tables) | 12 Months Ended
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Jun. 30, 2021
Debt Disclosure [Abstract] |
Debt | The components of debt were as follows:
(In millions, issuance by calendar year) |  | Maturities (calendar year) |  | Stated Interest Rate |  |  | Effective Interest Rate |  | June 30, 2021 |  |  | June 30, 2020 |
2009 issuance of $3.8 billion (a) |  |  |  |  | 2039 |  |  |  |  | 5.20% |  |  |  |  | 5.24% |  |  | $ | 520 |  |  | $ | 559 |
2010 issuance of $4.8 billion (a) |  |  |  |  | 2040 |  |  |  |  | 4.50% |  |  |  |  | 4.57% |  |  |  | 486 |  |  |  | 1,571 |
2011 issuance of $2.3 billion (a) |  |  |  |  | 2041 |  |  |  |  | 5.30% |  |  |  |  | 5.36% |  |  |  | 718 |  |  |  | 1,270 |
2012 issuance of $2.3 billion (a) |  |  | 2022 | – | 2042 |  |  | 2.13% | – | 3.50% |  |  | 2.24% | – | 3.57% |  |  |  | 1,204 |  |  |  | 1,650 |
2013 issuance of $5.2 billion (a) |  |  | 2023 | – | 2043 |  |  | 2.38% | – | 4.88% |  |  | 2.47% | – | 4.92% |  |  |  | 2,814 |  |  |  | 2,919 |
2013 issuance of €4.1 billion |  |  | 2021 | – | 2033 |  |  | 2.13% | – | 3.13% |  |  | 2.23% | – | 3.22% |  |  |  | 4,803 |  |  |  | 4,549 |
2015 issuance of $23.8 billion (a) |  |  | 2022 | – | 2055 |  |  | 2.38% | – | 4.75% |  |  | 2.47% | – | 4.78% |  |  |  | 12,305 |  |  |  | 15,549 |
2016 issuance of $19.8 billion (a) |  |  | 2021 | – | 2056 |  |  | 1.55% | – | 3.95% |  |  | 1.64% | – | 4.03% |  |  |  | 12,180 |  |  |  | 16,955 |
2017 issuance of $17.0 billion (a) |  |  | 2022 | – | 2057 |  |  | 2.40% | – | 4.50% |  |  | 2.52% | – | 4.53% |  |  |  | 10,695 |  |  |  | 12,385 |
2020 issuance of $10.0 billion (a) |  |  | 2050 | – | 2060 |  |  | 2.53% | – | 2.68% |  |  | 2.53% | – | 2.68% |  |  |  | 10,000 |  |  |  | 10,000 |
2021 issuance of $8.2 billion (a) |  |  | 2052 | – | 2062 |  |  | 2.92% | – | 3.04% |  |  | 2.92% | – | 3.04% |  |  |  | 8,185 |  |  |  | 0 |
Total face value |  |  |  |  |  |  |  |  |  |  |  |  | 63,910 |  |  |  | 67,407 |
Unamortized discount and issuance costs |  |  |  |  |  |  |  |  |  |  |  |  | (511 | ) |  |  | (554 | )
Hedge fair value adjustments (b) |  |  |  |  |  |  |  |  |  |  |  |  | 40 |  |  |  | 93 |
Premium on debt exchange (a) |  |  |  |  |  |  |  |  |  |  |  |  | (5,293 | ) |  |  | (3,619 | )
Total debt |  |  |  |  |  |  |  |  |  |  |  |  | 58,146 |  |  |  | 63,327 |
Current portion of long-term debt |  |  |  |  |  |  |  |  |  |  |  |  | (8,072 | ) |  |  | (3,749 | )
Long-term debt |  |  |  |  |  |  |  |  |  |  |  | $ | 50,074 |  |  | $ | 59,578 |
(a) | In March 2021 and June 2020, we exchanged a portion of our existing debt at a premium for cash and new debt with longer maturities. The premiums are amortized over the terms of the new debt.
(b) | Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.
Maturities of Long-term Debt Including Current Portion | The following table outlines maturities of our long-term debt, including the current portion, as of June 30, 2021:
(In millions) |  |  |
Year Ending June 30, |  |  |  |
2022 |  | $ | 8,075 |
2023 |  |  | 2,750 |
2024 |  |  | 5,250 |
2025 |  |  | 2,250 |
2026 |  |  | 3,000 |
Thereafter |  |  | 42,585 |
Total |  | $ | 63,910 |

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