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STOCK PROGRAMS (Tables) | 12 Months Ended
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Jun. 30, 2025
Share-Based Payment Arrangement [Abstract] |
Schedule of stock-based compensation expense | Total net stock-based compensation expense is attributable to the granting of and the remaining requisite service periods of stock options, RSUs, PSUs, long-term PSUs and share units. Compensation expense attributable to net stock-based compensation is as follows:
|  | Year Ended June 30,
(In millions) |  | 2025 |  | 2024 |  | 2023
Compensation expense(1) |  | $ | 304 |  |  | $ | 325 |  |  | $ | 267 |
Income tax benefit |  | $ | 58 |  |  | $ | 58 |  |  | $ | 52 |
(1)Excludes compensation expense relating to liability-classified awards, including DECIEM stock options discussed below.
Summary of stock option programs | The following is a summary of the status of the Company’s stock options as of June 30, 2025 and activity during the fiscal year then ended:
(Shares in thousands) |  | Shares |  | Weighted- Average Exercise Price Per Share |  | Aggregate Intrinsic Value(1) (in millions) |  | Weighted-Average Contractual Life Remaining in Years
Outstanding at June 30, 2024 |  | 8,495.7 |  |  | $ | 182.95 |  |  |  |  |
Granted at fair value |  | 885.2 |  |  | 90.93 |  |  |  |  |
Exercised |  | (207.2) |  |  | 76.47 |  |  |  |  |
Expired |  | (308.3) |  |  | 220.20 |  |  |  |  |
Forfeited |  | (178.9) |  |  | 162.77 |  |  |  |  |
Outstanding at June 30, 2025 |  | 8,686.5 |  |  | 175.21 |  |  | $ | 3 |  |  | 5.0
Vested and expected to vest at June 30, 2025 |  | 8,653.2 |  |  | 175.33 |  |  | $ | 3 |  |  | 5.0
Exercisable at June 30, 2025 |  | 6,761.9 |  |  | 183.72 |  |  | $ | 2 |  |  | 4.0
(1)The intrinsic value of a stock option is the amount by which the market value of the underlying stock exceeds the exercise price of the option.
Summary of weighted-average grant date fair value and intrinsic value of stock options exercised | The following is a summary of the per-share weighted-average grant date fair value of stock options granted and total intrinsic value of stock options exercised:
|  | Year Ended June 30,
(In millions, except per share data) |  | 2025 |  | 2024 |  | 2023
Per-share weighted-average grant date fair value of stock options granted |  | $ | 29.24 |  |  | $ | 52.83 |  |  | $ | 79.09 |
Intrinsic value of stock options exercised |  | $ | 3 |  |  | $ | 31 |  |  | $ | 93 |
Schedule of fair value option-pricing assumptions | The fair value of each of the Company's option grants were estimated on the date of grant using the Black-Scholes option-pricing model with the following assumptions:
|  | Year Ended June 30,
|  | 2025 |  | 2024 |  | 2023
Weighted-average expected stock-price volatility |  | 37.5% |  | 33.8% |  | 30.8%
Weighted-average expected option life |  | 6 years |  | 6 years |  | 6 years
Average risk-free interest rate |  | 3.6% |  | 4.3% |  | 3.4%
Average dividend yield |  | 2.4% |  | 1.5% |  | 0.8%
Summary of restricted stock units (RSUs) | The following is a summary of the status of the Company’s RSUs as of June 30, 2025 and activity during the fiscal year then ended:
(Shares in thousands) |  | Shares |  | Weighted-Average Grant Date Fair Value Per Share
Nonvested at June 30, 2024 |  | 2,442.5 |  |  | $ | 196.69 |
Granted |  | 3,371.5 |  |  | 91.82 |
Dividend equivalents |  | 93.6 |  |  | 124.97 |
Vested(1) |  | (1,136.4) |  |  | 218.71 |
Forfeited |  | (469.4) |  |  | 121.62 |
Nonvested at June 30, 2025 |  | 4,301.8 |  |  | 115.31 |
1) The total fair value of RSUs vested during fiscal 2025, 2024 and 2023 was $78 million, $92 million, and $156 million, respectively.
Summary of performance share units (PSUs) | The following is a summary of the status of the Company’s PSUs as of June 30, 2025 and activity during the fiscal year then ended:
(Shares in thousands) |  | Shares |  | Weighted-Average Grant Date Fair Value Per Share
Nonvested at June 30, 2024 |  | 373.9 |  |  | $ | 232.83 |
Granted |  | 365.1 |  |  | 92.02 |
Vested and issued(1) |  | — |  |  | — |
Forfeited |  | (117.7) |  |  | 286.65 |
Nonvested at June 30, 2025 |  | 621.3 |  |  | 139.87 |
(1) The total fair value of PSUs vested and issued during fiscal 2024 and 2023 was $7 million and $67 million, respectively.
Schedule of long-term price vested units | The number of shares subject to each tranche of the price-vested unit award, as well as the stock price goals, service periods, performance periods and share delivery dates for each tranche are as follows:
|  | Number of Shares per Tranche |  | Stock Price Goal (per Share) |  | Service Period |  | Performance Period for Stock Price Goal |  | Performance Period for Cumulative Operating Income Goal |  | Share Delivery Date
First tranche |  | 27,457 |  |  | $ | 323.03 |  |  | March 11, 2021 - June 30, 2024 |  | March 11, 2021 - June 30, 2024 |  | July 1, 2021 - June 30, 2025 |  | September 2, 2025
Second tranche |  | 28,598 |  |  | $ | 333.21 |  |  | March 11, 2021 - June 30, 2024 |  | March 11, 2021 - June 30, 2024 |  | July 1, 2021 - June 30, 2025 |  | September 2, 2025
Third tranche |  | 29,872 |  |  | $ | 343.61 |  |  | March 11, 2021 - June 30, 2024 |  | March 11, 2021 - June 30, 2024 |  | July 1, 2021 - June 30, 2025 |  | September 2, 2025
Total shares |  | 85,927 |  |  |  |  |  |  |  |  |  |  |
Schedule of assumptions used for Long-term Price-Vested Units | The significant assumptions used for this award were as follows:
Expected volatility |  | 31.8 | %
Dividend yield |  | 0.8 | %
Risk-free interest rate |  | 0.4 | %
Expected term |  | 3.3 years
Summary of status of share units | The following is a summary of the status of the Company’s share units as of June 30, 2025 and activity during the fiscal year then ended:
(Shares in thousands) |  | Shares |  | Weighted-Average Grant Date Fair Value Per Share
Outstanding at June 30, 2024 |  | 113.6 |  |  | $ | 90.02 |
Granted |  | 12.0 |  |  | 63.90 |
Dividend equivalents |  | 2.5 |  |  | 78.85 |
Converted (1) |  | (21.2) |  |  | 73.35 |
Outstanding at June 30, 2025 |  | 106.9 |  |  | 90.15 |
(1) The total intrinsic value of share units converted during fiscal 2025, 2024 and 2023 was $1.6 million, $1.5 million, and $4.1 million, respectively.

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