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v3.23.3

DEBT (Tables) | 3 Months Ended
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Sep. 30, 2023
Debt Disclosure [Abstract] |
Components of Long-term Debt | The components of long-term debt were as follows:
(In millions, issuance by calendar year) |  | Maturities (calendar year) |  | Stated Interest Rate |  |  | Effective Interest Rate |  |  | September 30, 2023 |  |  | June 30, 2023 |
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 |  |  |  | 454 |
2013 issuance of $5.2 billion |  |  | 2023 | – | 2043 |  |  | 3.63% | – | 4.88% |  |  | 3.73% | – | 4.92% |  |  |  | 1,814 |  |  |  | 1,814 |
2013 issuance of €4.1 billion |  |  | 2028 | – | 2033 |  |  | 2.63% | – | 3.13% |  |  | 2.69% | – | 3.22% |  |  |  | 2,435 |  |  |  | 2,509 |
2015 issuance of $23.8 billion |  |  | 2025 | – | 2055 |  |  | 2.70% | – | 4.75% |  |  | 2.77% | – | 4.78% |  |  |  | 9,805 |  |  |  | 9,805 |
2016 issuance of $19.8 billion |  |  | 2026 | – | 2056 |  |  | 2.40% | – | 3.95% |  |  | 2.46% | – | 4.03% |  |  |  | 7,930 |  |  |  | 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 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 51,292 |  |  |  | 52,866 |
Unamortized discount and issuance costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (431 | ) |  |  | (438 | )
Hedge fair value adjustments (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (109 | ) |  |  | (106 | )
Premium on debt exchange |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (5,058 | ) |  |  | (5,085 | )
Total debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 45,694 |  |  |  | 47,237 |
Current portion of long-term debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (3,748 | ) |  |  | (5,247 | )
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 41,946 |  |  | $ | 41,990 |
(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, 2023:
(In millions) |  |  |
Year Ending June 30, |  |  |  |
2024 (excluding the three months ended September 30, 2023) |  | $ | 3,750 |
2025 |  |  | 2,250 |
2026 |  |  | 3,000 |
2027 |  |  | 8,000 |
2028 |  |  | 0 |
Thereafter |  |  | 34,292 |
Total |  | $ | 51,292 |

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