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DEBT (Tables)

3 Months Ended

Sep. 30, 2022

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					September 30, 2022					June 30, 2022
2009 issuance of $3.8 billion					2039					5.20%					5.24%			$		520			$	520
2010 issuance of $4.8 billion					2040					4.50%					4.57%					486				486
2011 issuance of $2.3 billion					2041					5.30%					5.36%					718				718
2012 issuance of $2.3 billion			2022	–	2042			2.13%	–	3.50%			2.24%	–	3.57%					1,204				1,204
2013 issuance of $5.2 billion			2023	–	2043			2.38%	–	4.88%			2.47%	–	4.92%					2,814				2,814
2013 issuance of €4.1 billion			2028	–	2033			2.63%	–	3.13%			2.69%	–	3.22%					2,251				2,404
2015 issuance of $23.8 billion			2025	–	2055			2.70%	–	4.75%			2.77%	–	4.78%					9,805				10,805
2016 issuance of $19.8 billion			2026	–	2056			2.40%	–	3.95%			2.46%	–	4.03%					9,430				9,430
2017 issuance of $17.0 billion			2027	–	2057			3.30%	–	4.50%			3.38%	–	4.53%					8,945				8,945
2020 issuance of $10.0 billion					2060					2.68%					2.68%					10,000				10,000
2021 issuance of $8.2 billion					2062					3.04%					3.04%					8,185				8,185
Total face value																				54,358				55,511
Unamortized discount and issuance costs																				(461	)			(471	)
Hedge fair value adjustments (a)																				(111	)			(68	)
Premium on debt exchange																				(5,164	)			(5,191	)
Total debt																				48,622				49,781
Current portion of long-term debt																				(3,248	)			(2,749	)
Long-term debt																		$		45,374			$	47,032

 (a) 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 September 30, 2022:

(In millions)
Year Ending June 30,
2023 (excluding the three months ended September 30, 2022)		$	1,750
2024			5,250
2025			2,250
2026			3,000
2027			8,000
Thereafter			34,108
Total		$	54,358

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