XML 31 R18.htm IDEA: XBRL DOCUMENT
v3.21.2

DEBT | 12 Months Ended
--- | ---
Jun. 30, 2021
Debt Disclosure [Abstract] |
DEBT | NOTE 11 — 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.
As of June 30, 2021 and 2020, the estimated fair value of long-term debt, including the current portion, was $70.0 billion and $77.1 billion, respectively. The estimated fair values are based on Level 2 inputs. Debt in the table above is comprised of senior unsecured obligations and ranks equally with our other outstanding obligations. Interest is paid semi-annually, except for the Euro-denominated debt, which is paid annually. Cash paid for interest on our debt for fiscal years 2021, 2020, and 2019 was $2.0 billion, $2.4 billion, and $2.4 billion, respectively. 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 |

X
- References No definition available. + Details
Name: | us-gaap_DebtDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
Name: | us-gaap_DebtDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | nonnum:textBlockItemType
Balance Type: | na
Period Type: | duration