LEASES (Tables)

6 Months Ended

Dec. 31, 2020

Leases [Abstract]

Components of Lease Expense

The components of lease expense were as follows:

(In millions)		Three Months Ended December 31,				Six Months Ended  December 31,
		2020		2019		2020		2019
Operating lease cost	$	503	$	478	$	1,001	$	943
Finance lease cost:
Amortization of right-of-use assets	$	249	$	163	$	455	$	288
Interest on lease liabilities		94		84		186		162
Total finance lease cost	$	343	$	247	$	641	$	450

Supplemental Cash Flow Information Related to Leases

Supplemental cash flow information related to leases was as follows:

(In millions)	Three Months Ended December 31,					Six Months Ended December 31,
		2020		2019		2020		2019
Cash paid for amounts included in the measurement of lease liabilities:
Operating cash flows from operating leases	$	482	$	479	$	973	$	932
Operating cash flows from finance leases		94		84		186		162
Financing cash flows from finance leases		153		104		289		183
Right-of-use assets obtained in exchange for lease obligations:
Operating leases		1,578		948		2,256		1,931
Finance leases		1,193		863		1,828		2,352

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)
	December 31, 2020			June 30, 2020
Operating Leases
Operating lease right-of-use assets	$	10,298		$	8,753
Other current liabilities	$	1,866		$	1,616
Operating lease liabilities		8,875			7,671
Total operating lease liabilities	$	10,741		$	9,287
Finance Leases
Property and equipment, at cost	$	12,694		$	10,371
Accumulated depreciation		(1,840	)		(1,385	)
Property and equipment, net	$	10,854		$	8,986
Other current liabilities	$	699		$	540
Other long-term liabilities		10,819			8,956
Total finance lease liabilities	$	11,518		$	9,496
Weighted Average Remaining Lease Term
Operating leases		8 years			8 years
Finance leases		12 years			13 years
Weighted Average Discount Rate
Operating leases		2.3%			2.7%
Finance leases		3.6%			3.9%

Maturities of Lease Liabilities

The following table outlines maturities of our lease liabilities as of December 31, 2020:

(In millions)
Year Ending June 30,	Operating Leases			Finance Leases
2021 (excluding the six months ended December 31, 2020)	$	1,099		$	533
2022		1,997			1,080
2023		1,811			1,092
2024		1,579			1,107
2025		1,280			1,431
Thereafter		4,309			8,943
Total lease payments		12,075			14,186
Less imputed interest		(1,334	)		(2,668	)
Total	$	10,741		$	11,518