v3.26.1
Leases
12 Months Ended
Jun. 30, 2026
Leases [Abstract]  
Leases
5. Leases
The following table summarizes the components of lease cost:
(in millions)202620252024
Operating lease cost$234 $157 $120 
Finance lease cost57 51 39 
Variable lease cost62 43 31 
Total lease cost$353 $251 $190 
Variable lease cost primarily includes payments for property taxes, maintenance, and insurance.
The following table summarizes supplemental balance sheet and other information related to leases at June 30:
(in millions)
2026 (1)
2025
Operating Leases
Operating lease right-of-use assets$991 $758 
Current portion of operating lease liabilities201 164 
Long-term operating lease liabilities861 654 
Total operating lease liabilities1,062 818 
Finance Leases
Finance lease right-of-use assets175 192 
Current portion of finance lease liabilities45 44 
Long-term finance lease liabilities140 157 
Total finance lease liabilities$185 $201 
Weighted-average remaining lease term (years)
Operating leases6.7 years5.9 years
Finance leases5.8 years6.3 years
Weighted-average discount rate
Operating leases5.7 %3.9 %
Finance leases4.6 %4.6 %
(1)    Increases in the right-of-use asset and liability balances are primarily due to acquisitions.
Operating leases are included in other assets, other accrued liabilities, and deferred income taxes and other liabilities in our consolidated balance sheets. Finance leases are included in property and equipment, net, current portion of long-term obligations and other short-term borrowings, and long-term obligations, less current portion in our consolidated balance sheets.
The following table summarizes supplemental cash flow information related to leases:
(in millions)202620252024
Cash paid for lease liabilities:
Operating cash flows paid for operating leases$231 $167 $124 
Financing cash flows paid for finance leases57 53 36 
Non-cash right-of-use assets obtained in exchange for lease obligations:
New operating leases289 130 143 
New finance leases32 107 55 
Future lease payments under non-cancellable leases as of June 30, 2026 were as follows:
(in millions)Operating LeasesFinance LeasesTotal
2027$233 $53 $286 
2028220 43 263 
2029185 32 217 
2030166 25 191 
2031122 17 139 
Thereafter354 43 397 
Total future lease payments1,280 213 1,493 
Less: imputed interest218 28 246 
Total lease liabilities$1,062 $185 $1,247