LEASES (Tables)
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6 Months Ended |
Dec. 31, 2025 |
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| Leases [Abstract] |
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| Components of Lease Expense |
The components of lease expense were as follows:
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(In millions) |
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Three Months Ended December 31, |
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Six Months Ended December 31, |
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2025 |
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2024 |
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2025 |
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2024 |
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Operating lease cost |
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$ |
1,742 |
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$ |
1,293 |
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$ |
3,397 |
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$ |
2,453 |
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Finance lease cost: |
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Amortization of right-of-use assets |
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$ |
1,277 |
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$ |
830 |
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$ |
2,450 |
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$ |
1,524 |
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Interest on lease liabilities |
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615 |
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337 |
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1,161 |
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611 |
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Total finance lease cost |
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$ |
1,892 |
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$ |
1,167 |
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$ |
3,611 |
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$ |
2,135 |
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| Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases was as follows:
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(In millions) |
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Three Months Ended December 31, |
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Six Months Ended December 31, |
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2025 |
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2024 |
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2025 |
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2024 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows from operating leases |
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$ |
1,506 |
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$ |
962 |
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$ |
3,161 |
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$ |
2,169 |
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Operating cash flows from finance leases |
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615 |
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319 |
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1,161 |
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594 |
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Financing cash flows from finance leases |
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701 |
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480 |
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1,340 |
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1,282 |
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Right-of-use assets obtained in exchange for lease obligations: |
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Operating leases |
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1,477 |
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3,098 |
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2,894 |
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4,991 |
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Finance leases |
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6,330 |
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6,435 |
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15,477 |
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10,767 |
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| Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as follows:
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(In millions, except lease term and discount rate) |
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December 31, 2025 |
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June 30, 2025 |
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Operating Leases |
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Operating lease right-of-use assets |
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$ |
25,103 |
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$ |
24,823 |
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Other current liabilities |
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$ |
5,520 |
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$ |
5,424 |
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Operating lease liabilities |
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17,345 |
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17,437 |
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Total operating lease liabilities |
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$ |
22,865 |
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$ |
22,861 |
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Finance Leases |
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Property and equipment, at cost |
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$ |
73,201 |
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$ |
53,876 |
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Accumulated depreciation |
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(12,556 |
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(9,861 |
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Property and equipment, net |
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$ |
60,645 |
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$ |
44,015 |
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Other current liabilities |
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$ |
3,738 |
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$ |
3,172 |
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Other long-term liabilities |
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56,413 |
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43,000 |
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Total finance lease liabilities |
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$ |
60,151 |
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$ |
46,172 |
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Weighted Average Remaining Lease Term |
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Operating leases |
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6 years |
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6 years |
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Finance leases |
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13 years |
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13 years |
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Weighted Average Discount Rate |
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Operating leases |
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3.6% |
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3.5% |
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Finance leases |
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4.3% |
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4.2% |
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| Maturities of Lease Liabilities |
The following table outlines maturities of our lease liabilities as of December 31, 2025:
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(In millions) |
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Year Ending June 30, |
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Operating Leases |
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Finance Leases |
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2026 (excluding the six months ended December 31, 2025) |
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$ |
3,248 |
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$ |
3,059 |
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2027 |
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5,811 |
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6,404 |
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2028 |
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4,078 |
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6,467 |
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2029 |
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2,891 |
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5,829 |
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2030 |
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2,361 |
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5,718 |
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Thereafter |
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7,192 |
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53,590 |
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Total lease payments |
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25,581 |
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81,067 |
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Less imputed interest |
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(2,716 |
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(20,916 |
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Total |
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$ |
22,865 |
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$ |
60,151 |
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