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EARNINGS PER SHARE (Tables)
6 Months Ended
Dec. 31, 2022
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,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2022

 

 

2021

 

 

 

2022

 

 

 

2021

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net income available for common shareholders (A)

 

$

16,425

 

 

$

18,765

 

 

$

33,981

 

 

$

39,270

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

 

 

7,451

 

 

 

7,505

 

 

 

7,454

 

 

 

7,509

 

Dilutive effect of stock-based awards

 

 

22

 

 

 

50

 

 

 

25

 

 

 

52

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

 

 

7,473

 

 

 

7,555

 

 

 

7,479

 

 

 

7,561

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Basic (A/B)

 

$

2.20

 

 

$

2.50

 

 

$

4.56

 

 

$

5.23

 

Diluted (A/C)

 

$

2.20

 

 

$

2.48

 

 

$

4.54

 

 

$

5.19