LEASES (Tables)
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12 Months Ended |
Jun. 30, 2025 |
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| Leases [Abstract] |
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| Components of Lease Expense |
The components of lease expense were as follows:
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(In millions) |
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Year Ended June 30, |
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2025 |
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2024 |
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2023 |
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Operating lease cost |
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$ |
5,524 |
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$ |
3,555 |
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$ |
2,875 |
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Finance lease cost: |
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Amortization of right-of-use assets |
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$ |
3,408 |
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$ |
1,800 |
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$ |
1,352 |
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Interest on lease liabilities |
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1,417 |
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734 |
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501 |
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Total finance lease cost |
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$ |
4,825 |
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$ |
2,534 |
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$ |
1,853 |
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| Supplemental Cash Flow Information Related to Leases |
Supplemental cash flow information related to leases was as follows:
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(In millions) |
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Year Ended June 30, |
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2025 |
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2024 |
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2023 |
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Cash paid for amounts included in the measurement of lease liabilities: |
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Operating cash flows from operating leases |
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$ |
4,931 |
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$ |
3,550 |
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$ |
2,706 |
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Operating cash flows from finance leases |
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1,372 |
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734 |
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501 |
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Financing cash flows from finance leases |
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2,283 |
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1,286 |
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1,056 |
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Right-of-use assets obtained in exchange for lease obligations: |
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Operating leases |
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7,826 |
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6,703 |
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3,514 |
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Finance leases |
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20,511 |
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11,633 |
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3,128 |
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| Supplemental Balance Sheet Information Related to Leases |
Supplemental balance sheet information related to leases was as follows:
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(In millions, except lease term and discount rate) |
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June 30, |
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2025 |
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2024 |
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Operating Leases |
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Operating lease right-of-use assets |
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$ |
24,823 |
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$ |
18,961 |
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Other current liabilities |
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$ |
5,424 |
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$ |
3,580 |
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Operating lease liabilities |
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17,437 |
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15,497 |
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Total operating lease liabilities |
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$ |
22,861 |
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$ |
19,077 |
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Finance Leases |
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Property and equipment, at cost |
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$ |
53,876 |
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$ |
32,248 |
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Accumulated depreciation |
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(9,861 |
) |
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(6,386 |
) |
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Property and equipment, net |
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$ |
44,015 |
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$ |
25,862 |
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Other current liabilities |
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$ |
3,172 |
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$ |
2,349 |
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Other long-term liabilities |
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43,000 |
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24,796 |
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Total finance lease liabilities |
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$ |
46,172 |
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$ |
27,145 |
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Weighted Average Remaining Lease Term |
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Operating leases |
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6 years |
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7 years |
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Finance leases |
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13 years |
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12 years |
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Weighted Average Discount Rate |
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Operating leases |
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3.5% |
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3.3% |
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Finance leases |
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4.2% |
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3.9% |
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| Maturities of Lease Liabilities |
The following table outlines maturities of our lease liabilities as of June 30, 2025:
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(In millions) |
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Year Ending June 30, |
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Operating Leases |
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Finance Leases |
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2026 |
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$ |
6,111 |
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$ |
5,008 |
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2027 |
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5,237 |
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5,157 |
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2028 |
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3,495 |
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5,187 |
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2029 |
|
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2,419 |
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4,521 |
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2030 |
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2,017 |
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4,382 |
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Thereafter |
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6,202 |
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36,251 |
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Total lease payments |
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25,481 |
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60,506 |
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Less imputed interest |
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(2,620 |
) |
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(14,334 |
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Total |
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$ |
22,861 |
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$ |
46,172 |
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