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EARNINGS PER SHARE (Tables)
3 Months Ended
Sep. 30, 2023
Earnings Per Share [Abstract]  
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS were as follows:

 

(In millions, except earnings per share)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

2023

2022

 

 

 

 

 

Net income available for common shareholders (A)

$

22,291

$

17,556

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Weighted average outstanding shares of common stock (B)

7,429

7,457

Dilutive effect of stock-based awards

33

28

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common stock and common stock equivalents (C)

7,462

7,485

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Earnings Per Share

 

 

 

 

 

 

 

 

 

Basic (A/B)

$

3.00

$

2.35

Diluted (A/C)

$

2.99

$

2.35