v3.25.2
DEBT (Tables)
 12 Months Ended
Jun. 30, 2025
Debt Disclosure [Abstract]  
Components of Long-term Debt

The components of long-term debt were as follows:

 

(In millions, issuance by calendar year)

Maturities

(calendar year)

Stated Interest

Rate

 

Effective Interest

Rate

 

June 30,

2025

June 30,

2024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2009 issuance of $3.8 billion

 

 

 

2039

 

 

5.20%

 

 

 

5.24%

 

 

$

520

$

520

2010 issuance of $4.8 billion

 

 

2040

 

 

4.50%

 

 

 

4.57%

 

 

486

486

2011 issuance of $2.3 billion

 

 

2041

 

 

5.30%

 

 

 

5.36%

 

 

718

718

2012 issuance of $2.3 billion

 

 

 

 

2042

 

 

 

 

3.50%

 

 

 

 

3.57%

 

 

 

454

 

 

 

454

 

2013 issuance of $5.2 billion

 

 

2043

3.75%

–

4.88%

 

3.83%

–

4.92%

 

 

314

314

2013 issuance of €4.1 billion

 

 

2028

–

2033

 

 

2.63%

–

3.13%

 

 

2.69%

–

3.22%

 

 

 

2,700

 

 

 

2,465

 

2015 issuance of $23.8 billion

2025

–

2055

3.13%

–

4.75%

 

3.18%

–

4.78%

 

 

7,555

9,805

2016 issuance of $19.8 billion

2026

–

2056

2.40%

–

3.95%

 

2.46%

–

4.03%

 

 

7,930

7,930

2017 issuance of $17.1 billion

2026

–

2057

3.30%

–

4.50%

 

3.38%

–

5.49%

 

 

6,833

6,833

2020 issuance of $10.1 billion

2030

–

2060

1.35%

–

2.68%

 

2.53%

–

5.43%

 

 

10,111

10,111

2021 issuance of $8.2 billion

 

 

2052

–

2062

 

 

2.92%

–

3.04%

 

 

2.92%

–

3.04%

 

 

 

8,185

 

 

 

8,185

 

2023 issuance of $0.1 billion

 

 

2026

–

2050

 

 

1.35%

–

4.50%

 

 

5.16%

–

5.49%

 

 

 

56

 

 

 

56

 

2024 issuance of $3.3 billion

 

 

2026

–

2050

 

 

1.35%

–

4.50%

 

 

5.16%

–

5.49%

 

 

 

3,344

 

 

 

3,344

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total face value

 

 

 

 

 

 

49,206

51,221

Unamortized discount and issuance costs

 

 

 

 

 

 

 

 

 

 

 

 

(1,155

)

 

 

(1,227

)

Hedge fair value adjustments (a)

 

 

 

 

 

 

 

 

 

 

 

 

(36

)

 

 

(81

)

Premium on debt exchange

 

 

 

 

 

 

 

 

 

 

 

 

(4,864

)

 

 

(4,976

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total debt

 

 

 

 

 

 

 

 

 

43,151

44,937

Current portion of long-term debt

 

 

 

 

 

 

 

 

 

 

 

 

(2,999

)

 

 

(2,249

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Long-term debt

 

 

 

 

 

 

 

 

 

 

 

$

40,152

 

 

$

42,688

 

 

 

 

 

 

 

 

(a)
Refer to Note 5 – Derivatives for further information on the interest rate swaps related to fixed-rate debt.
Maturities of Long-term Debt Including Current Portion

The following table outlines maturities of our long-term debt, including the current portion, as of June 30, 2025:

 

(In millions)

 

 

Year Ending June 30,

2026

$

3,000

2027

9,250

2028

0

2029

2,054

2030

0

Thereafter

34,902

Total

$

49,206