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EARNINGS PER SHARE (Tables)
6 Months Ended
Dec. 31, 2021
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS were as follows:

 

(In millions, except earnings per share)

 

Three Months Ended

December 31,

 

 

 

Six Months Ended

December 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2021

 

 

2020

 

 

 

2021

 

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

 

$

  18,765

 

 

$

15,463

 

 

$

39,270

 

 

$

  29,356

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

 

 

7,505

 

 

 

7,555

 

 

 

7,509

 

 

 

7,561

 

Dilutive effect of stock-based awards

 

 

50

 

 

 

61

 

 

 

52

 

 

 

66

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

 

 

7,555

 

 

 

7,616

 

 

 

7,561

 

 

 

  7,627

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

 

$

2.50

 

 

$

2.05

 

 

$

5.23

 

 

$

3.88

 

Diluted (A/C)

 

$

2.48

 

 

$

2.03

 

 

$

5.19

 

 

$

3.85