EMPLOYEE STOCK AND SAVINGS PLANS (Tables)

12 Months Ended

Jun. 30, 2014

Stock-Based Compensation Expense and Related Income Tax Benefits

Stock-based compensation expense and related income tax benefits were as follows:


(In millions)


Year Ended June 30,	2014		2013		2012

Stock-based compensation expense	$	2,446	$	2,406	$	2,244
Income tax benefits related to stock-based compensation	$	830	$	842	$	785

Assumptions Used in Estimating the Fair Value of Award Grants

The fair value of each award was estimated on the date of grant using the following assumptions:



Year Ended June 30,	2014		2013		2012

Dividends per share (quarterly amounts)	$	0.23 - $ 0.28	$	0.20 - $ 0.23	$	0.16 - $ 0.20
Interest rates range		1.3% - 1.8%		0.6% - 1.1%		0.7% - 1.7%

Stock Plan Activity

During fiscal year 2014, the following activity occurred under our stock plans:


Shares			Weighted Average Grant-Date Fair Value

(In millions)

Stock Awards

Nonvested balance, beginning of year	273		$	25.50
Granted ^(a)	103		$	31.50
Vested	(93	)	$	25.12
Forfeited	(24	)	$	27.01

Nonvested balance, end of year	259		$	27.88

(a)	Includes four million shares in stock replacement awards related to the acquisition of NDS. The weighted average grant-date fair value was $37.64.

During fiscal years 2013 and 2012, the following activity occurred under our stock plans:


(In millions, except fair values)	2013		2012


Stock Awards

Awards granted		104		110
Weighted average grant-date fair value	$	28.37	$	24.60

Employee Purchased Shares

Employees purchased the following shares during the periods presented:


(Shares in millions)


Year Ended June 30,	2014		2013		2012

Shares purchased		18		20		20
Average price per share	$	33.60	$	26.81	$	25.03

- Definition

Tabular disclosure of components of a stock option or other award plan under which equity-based compensation is awarded to employees, typically comprised of the amount of unearned compensation (deferred compensation cost), compensation expense, and changes in the quantity and fair value of the shares (or other type of equity) granted, exercised, forfeited, and issued and outstanding pertaining to that plan. Disclosure may also include nature and general terms of such arrangements that existed during the period and potential effects of those arrangements on shareholders, effect of compensation cost arising from equity-based payment arrangements on the income statement, method of estimating the fair value of the goods or services received, or the fair value of the equity instruments granted, during the period, cash flow effects resulting from equity-based payment arrangements and, for registrants that accelerate vesting of out of the money share options, reasons for the decision to accelerate.

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