LEASES (Tables)
|
3 Months Ended |
Sep. 30, 2022 |
|---|
| Leases [Abstract] |
|
| Components of Lease Expense |
The components of lease expense were as follows:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
2022 |
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease cost |
|
$ |
662 |
|
|
$ |
588 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance lease cost: |
|
|
|
|
|
|
|
|
|
Amortization of right-of-use assets |
|
$ |
189 |
|
|
$ |
226 |
|
|
Interest on lease liabilities |
|
|
113 |
|
|
|
104 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total finance lease cost |
|
$ |
302 |
|
|
$ |
330 |
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases was as follows:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Three Months Ended September 30, |
|
|
2022 |
|
|
|
2021 |
|
|
|
|
|
|
|
|
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
654 |
|
|
$ |
566 |
|
|
Operating cash flows from finance leases |
|
|
113 |
|
|
|
104 |
|
|
Financing cash flows from finance leases |
|
|
256 |
|
|
|
200 |
|
|
|
|
|
|
|
|
|
|
|
|
Right-of-use assets obtained in exchange for lease obligations: |
|
|
|
|
|
|
|
|
|
Operating leases |
|
|
1,189 |
|
|
|
1,171 |
|
|
Finance leases |
|
|
611 |
|
|
|
1,389 |
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as follows:
|
(In millions, except lease term and discount rate) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30,
2022 |
|
|
June 30,
2022 |
|
|
|
|
|
|
Operating Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease right-of-use assets |
|
$ |
13,347 |
|
|
$ |
13,148 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
2,224 |
|
|
$ |
2,228 |
|
|
Operating lease liabilities |
|
|
11,660 |
|
|
|
11,489 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating lease liabilities |
|
$ |
13,884 |
|
|
$ |
13,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, at cost |
|
$ |
17,322 |
|
|
$ |
17,388 |
|
|
Accumulated depreciation |
|
|
(3,475 |
) |
|
|
(3,285 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
13,847 |
|
|
$ |
14,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
1,055 |
|
|
$ |
1,060 |
|
|
Other long-term liabilities |
|
|
13,575 |
|
|
|
13,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total finance lease liabilities |
|
$ |
14,630 |
|
|
$ |
14,902 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Remaining Lease Term |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating leases |
|
|
8 years |
|
|
|
8 years |
|
|
Finance leases |
|
|
11 years |
|
|
|
12 years |
|
|
|
|
|
|
|
|
|
|
|
|
Weighted Average Discount Rate |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating leases |
|
|
2.4% |
|
|
|
2.1% |
|
|
Finance leases |
|
|
3.2% |
|
|
|
3.1% |
|
|
|
|
|
|
|
|
|
|
|
|
| Maturities of Lease Liabilities |
The following table outlines maturities of our lease liabilities as of September 30, 2022:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ending June 30, |
|
Operating Leases |
|
|
Finance Leases |
|
|
|
|
|
|
2023 (excluding the three months ended September 30, 2022) |
|
$ |
1,913 |
|
|
$ |
1,107 |
|
|
2024 |
|
|
2,327 |
|
|
|
1,480 |
|
|
2025 |
|
|
2,060 |
|
|
|
1,796 |
|
|
2026 |
|
|
1,706 |
|
|
|
1,477 |
|
|
2027 |
|
|
1,409 |
|
|
|
1,482 |
|
|
Thereafter |
|
|
5,960 |
|
|
|
10,028 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total lease payments |
|
|
15,375 |
|
|
|
17,370 |
|
|
Less imputed interest |
|
|
(1,491 |
) |
|
|
(2,740 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
13,884 |
|
|
$ |
14,630 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|