STOCK-BASED COMPENSATION (Tables)

3 Months Ended

Sep. 30, 2015

STOCK-BASED COMPENSATION

Schedule of stock-based compensation expense and related income tax benefits

	Three Months Ended September 30
(In millions)	2015		2014
Stock-based compensation expense	$	68.7	$	62.1
Income tax benefit	22.5		20.4

Summary of stock option programs and changes during the period

(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, 2015	13,437.1		$	47.73
Granted at fair value	2,460.5		77.35
Exercised	(179.7	)	34.68
Expired	(3.8	)	60.28
Forfeited	(28.7	)	70.81
Outstanding at September 30, 2015	15,685.4		52.48		$	442.3	6.6
Vested and expected to vest at September 30, 2015	15,490.0		52.19		$	441.3	6.4
Exercisable at September 30, 2015	9,071.8		37.70		$	389.9	5.0

⁽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 the per-share weighted-average grant date fair value of stock options granted and total intrinsic value of stock options exercised

	Three Months Ended September 30
(In millions, except per share data)	2015		2014
Per-share weighted-average grant date fair value of stock options granted	$	21.45	$	22.43
Intrinsic value of stock options exercised	$	8.0	$	16.8

Schedule of fair value option-pricing assumptions

	Three Months Ended September 30
	2015	2014
Weighted-average expected stock-price volatility	27%	28%
Weighted-average expected option life	7 years	7 years
Average risk-free interest rate	1.9%	2.2%
Average dividend yield	1.2%	1.1%

Summary of the status of Restricted Stock Units (RSUs) and activity

			Weighted-Average
			Grant Date
(Shares in thousands)	Shares		Fair Value Per Share
Nonvested at June 30, 2015	2,592.1		$	70.31
Granted	1,555.4		77.35
Dividend equivalents	3.7		79.70
Vested	(5.7	)	62.12
Forfeited	(26.0	)	72.44
Nonvested at September 30, 2015	4,119.5		72.97

Summary of the status of Performance Share Units, (PSUs) and activity

		Weighted-Average
		Grant Date
(Shares in thousands)	Shares	Fair Value Per Share
Nonvested at June 30, 2015	550.4	$	71.59
Granted	277.4	77.35
Vested	—	—
Forfeited	—	—
Nonvested at September 30, 2015	827.8	73.52

Summary of the status of share units and activity under the Non-Employee Director Share Incentive Plan

		Weighted-Average
		Grant Date
(Shares in thousands)	Shares	Fair Value Per Share
Outstanding at June 30, 2015	110.3	$	41.24
Granted	—	—
Dividend equivalents	0.3	77.40
Converted	—	—
Outstanding at September 30, 2015	110.6	41.35