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EARNINGS PER SHARE | 9 Months Ended
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Mar. 31, 2024
Earnings Per Share [Abstract] |
EARNINGS PER SHARE | NOTE 2 — EARNINGS PER SHARE Basic earnings per share (“EPS”) is computed based on the weighted average number of shares of common stock outstanding during the period. Diluted EPS is computed based on the weighted average number of shares of common stock plus the effect of dilutive potential common shares outstanding during the period using the treasury stock method. Dilutive potential common shares include outstanding stock options and stock awards. The components of basic and diluted EPS were as follows:
(In millions, except per share amounts) |  | Three Months Ended March 31, |  |  |  | Nine Months Ended March 31, |
|  | 2024 |  |  | 2023 |  |  |  | 2024 |  |  |  | 2023 |
Net income available for common shareholders (A) |  | $ | 21,939 |  |  | $ | 18,299 |  |  | $ | 66,100 |  |  | $ | 52,280 |
Weighted average outstanding shares of common stock (B) |  |  | 7,431 |  |  |  | 7,441 |  |  |  | 7,431 |  |  |  | 7,450 |
Dilutive effect of stock-based awards |  |  | 41 |  |  |  | 23 |  |  |  | 36 |  |  |  | 24 |
Common stock and common stock equivalents (C) |  |  | 7,472 |  |  |  | 7,464 |  |  |  | 7,467 |  |  |  | 7,474 |
Earnings Per Share |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Basic (A/B) |  | $ | 2.95 |  |  | $ | 2.46 |  |  | $ | 8.90 |  |  | $ | 7.02 |
Diluted (A/C) |  | $ | 2.94 |  |  | $ | 2.45 |  |  | $ | 8.85 |  |  | $ | 6.99 |
Anti-dilutive stock-based awards excluded from the calculations of diluted EPS were immaterial during the periods presented.

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- Definition The entire disclosure for earnings per share. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//260/tableOfContent Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-2 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 260 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org//1943274/2147482662/260-10-50-3 + Details
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