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DEBT (Tables)
 12 Months Ended
Jun. 30, 2023
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,

2023

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

 

 

 

 

2042

 

 

 

 

3.50%

 

 

 

 

3.57%

 

 

 

454

 

 

 

1,204

 

2013 issuance of $5.2 billion

2023

–

2043

3.63%

–

4.88%

 

3.73%

–

4.92%

 

 

1,814

2,814

2013 issuance of €4.1 billion

 

 

2028

–

2033

 

 

2.63%

–

3.13%

 

 

2.69%

–

3.22%

 

 

 

2,509

 

 

 

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

2023

–

2056

2.00%

–

3.95%

 

2.10%

–

4.03%

 

 

9,430

9,430

2017 issuance of $17.0 billion

2024

–

2057

2.88%

–

4.50%

 

3.04%

–

4.53%

 

 

8,945

8,945

2020 issuance of $10.0 billion

2050

–

2060

2.53%

–

2.68%

 

2.53%

–

2.68%

 

 

10,000

10,000

2021 issuance of $8.2 billion

 

 

2052

–

2062

 

 

2.92%

–

3.04%

 

 

2.92%

–

3.04%

 

 

 

8,185

 

 

 

8,185

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total face value

 

 

 

 

 

 

52,866

55,511

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

 

 

 

 

(438

)

 

 

(471

)

Hedge fair value adjustments (a)

 

 

 

 

 

 

 

 

 

 

 

 

(106

)

 

 

(68

)

Premium on debt exchange

 

 

 

 

 

 

 

 

 

 

 

 

(5,085

)

 

 

(5,191

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

 

47,237

49,781

Current portion of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

(5,247

)

 

 

(2,749

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

 

 

$

41,990

 

 

$

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 June 30, 2023:

 

(In millions)

 

 

Year Ending June 30,

2024

$

5,250

2025

2,250

2026

3,000

2027

8,000

2028

0

Thereafter

34,366

Total

$

52,866