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v3.26.1

DEBT | 9 Months Ended
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Mar. 31, 2026
Debt Disclosure [Abstract] |
DEBT | NOTE 9 — 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 |  |  | March 31, 2026 |  |  | June 30, 2025 |
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 |  |  |  |  | 2043 |  |  | 3.75% | – | 4.88% |  |  | 3.83% | – | 4.92% |  |  |  | 314 |  |  |  | 314 |
2013 issuance of €4.1 billion |  |  | 2028 | – | 2033 |  |  | 2.63% | – | 3.13% |  |  | 2.69% | – | 3.22% |  |  |  | 2,650 |  |  |  | 2,700 |
2015 issuance of $23.8 billion |  |  | 2035 | – | 2055 |  |  | 3.50% | – | 4.75% |  |  | 3.60% | – | 4.78% |  |  |  | 4,555 |  |  |  | 7,555 |
2016 issuance of $19.8 billion |  |  | 2026 | – | 2056 |  |  | 2.40% | – | 3.95% |  |  | 2.46% | – | 4.03% |  |  |  | 7,930 |  |  |  | 7,930 |
2017 issuance of $17.1 billion |  |  | 2026 | – | 2057 |  |  | 3.30% | – | 4.50% |  |  | 3.38% | – | 5.49% |  |  |  | 6,833 |  |  |  | 6,833 |
2020 issuance of $10.1 billion |  |  | 2030 | – | 2060 |  |  | 1.35% | – | 2.68% |  |  | 2.53% | – | 5.43% |  |  |  | 10,111 |  |  |  | 10,111 |
2021 issuance of $8.2 billion |  |  | 2052 | – | 2062 |  |  | 2.92% | – | 3.04% |  |  | 2.92% | – | 3.04% |  |  |  | 8,185 |  |  |  | 8,185 |
2023 issuance of $0.1 billion |  |  | 2026 | – | 2050 |  |  | 1.35% | – | 4.50% |  |  | 5.16% | – | 5.49% |  |  |  | 56 |  |  |  | 56 |
2024 issuance of $3.3 billion |  |  | 2026 | – | 2050 |  |  | 1.35% | – | 4.50% |  |  | 5.16% | – | 5.49% |  |  |  | 3,344 |  |  |  | 3,344 |
Total face value |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 46,156 |  |  |  | 49,206 |
Unamortized discount and issuance costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (1,098 | ) |  |  | (1,155 | )
Hedge fair value adjustments (a) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (17 | ) |  |  | (36 | )
Premium on debt exchange |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (4,779 | ) |  |  | (4,864 | )
Total debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | 40,262 |  |  |  | 43,151 |
Current portion of long-term debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | (8,839 | ) |  |  | (2,999 | )
Long-term debt |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  | $ | 31,423 |  |  | $ | 40,152 |
(a) Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt. As of March 31, 2026 and June 30, 2025, the estimated fair value of long-term debt, including the current portion, was $36.6 billion and $40.4 billion, respectively. The estimated fair values are based on Level 2 inputs. Debt in the table above is comprised of senior unsecured obligations and ranks equally with our other outstanding obligations. Interest is paid semi-annually, except for the Euro-denominated debt, which is paid annually. The following table outlines maturities of our long-term debt, including the current portion, as of March 31, 2026:
(In millions) |  |  |
Year Ending June 30, |  |  |  |
2026 (excluding the nine months ended March 31, 2026) |  | $ | 0 |
2027 |  |  | 9,250 |
2028 |  |  | 0 |
2029 |  |  | 2,016 |
2030 |  |  | 0 |
Thereafter |  |  | 34,890 |
Total |  | $ | 46,156 |

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