LEASES (Tables)
|
9 Months Ended |
Mar. 31, 2023 |
|---|
| Leases [Abstract] |
|
| Components of Lease Expense |
The components of lease expense were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions) |
|
Three Months Ended March 31, |
|
|
Nine Months Ended March 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease cost |
|
$ |
766 |
|
|
$ |
744 |
|
|
$ |
2,112 |
|
|
$ |
1,801 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance lease cost: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Amortization of right-of-use assets |
|
$ |
348 |
|
|
$ |
289 |
|
|
$ |
994 |
|
|
$ |
779 |
|
Interest on lease liabilities |
|
|
132 |
|
|
|
109 |
|
|
|
364 |
|
|
|
320 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total finance lease cost |
|
$ |
480 |
|
|
$ |
398 |
|
|
$ |
1,358 |
|
|
$ |
1,099 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases was as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions) |
|
Three Months Ended March 31, |
|
|
Nine Months Ended March 31, |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
2023 |
|
|
|
2022 |
|
|
|
2023 |
|
|
|
2022 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash paid for amounts included in the measurement of lease liabilities: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating cash flows from operating leases |
|
$ |
690 |
|
|
$ |
726 |
|
|
$ |
1,989 |
|
|
$ |
1,733 |
|
Operating cash flows from finance leases |
|
|
132 |
|
|
|
109 |
|
|
|
364 |
|
|
|
320 |
|
Financing cash flows from finance leases |
|
|
272 |
|
|
|
233 |
|
|
|
790 |
|
|
|
655 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Right-of-use assets obtained in exchange for lease obligations: |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating leases |
|
|
663 |
|
|
|
1,421 |
|
|
|
2,377 |
|
|
|
4,151 |
|
Finance leases |
|
|
1,044 |
|
|
|
720 |
|
|
|
2,253 |
|
|
|
3,094 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| 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) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2023 |
|
|
June 30, 2022 |
|
|
|
|
Operating Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Operating lease right-of-use assets |
|
$ |
13,879 |
|
|
$ |
13,148 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
2,327 |
|
|
$ |
2,228 |
|
Operating lease liabilities |
|
|
12,312 |
|
|
|
11,489 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total operating lease liabilities |
|
$ |
14,639 |
|
|
$ |
13,717 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Finance Leases |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, at cost |
|
$ |
19,652 |
|
|
$ |
17,388 |
|
Accumulated depreciation |
|
|
(4,287 |
) |
|
|
(3,285 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Property and equipment, net |
|
$ |
15,365 |
|
|
$ |
14,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other current liabilities |
|
$ |
1,153 |
|
|
$ |
1,060 |
|
Other long-term liabilities |
|
|
15,310 |
|
|
|
13,842 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total finance lease liabilities |
|
$ |
16,463 |
|
|
$ |
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 |
|
|
2.7% |
|
|
|
2.1% |
|
Finance leases |
|
|
3.4% |
|
|
|
3.1% |
|
|
|
|
|
|
|
|
|
|
|
| Maturities of Lease Liabilities |
The following table outlines maturities of our lease liabilities as of March 31, 2023:
|
|
|
|
|
|
|
|
|
(In millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ending June 30, |
|
Operating Leases |
|
|
Finance Leases |
|
|
|
|
2023 (excluding the nine months ended March 31, 2023) |
|
$ |
683 |
|
|
$ |
413 |
|
2024 |
|
|
2,625 |
|
|
|
1,706 |
|
2025 |
|
|
2,334 |
|
|
|
2,025 |
|
2026 |
|
|
1,964 |
|
|
|
1,710 |
|
2027 |
|
|
1,646 |
|
|
|
1,720 |
|
Thereafter |
|
|
7,175 |
|
|
|
12,395 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total lease payments |
|
|
16,427 |
|
|
|
19,969 |
|
Less imputed interest |
|
|
(1,788 |
) |
|
|
(3,506 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
$ |
14,639 |
|
|
$ |
16,463 |
|
|
|
|
|
|
|
|
|
|
|