EARNINGS PER SHARE (Tables)
9 Months Ended
Mar. 31, 2016
Basic and Diluted Earnings Per Share

The components of basic and diluted EPS are as follows:

 

(In millions, except earnings per share)   

Three Months Ended

March 31,

   

Nine Months Ended

March 31,

 


     2016     2015     2016     2015  

Net income available for common shareholders (A)

   $   3,756      $   4,985      $   13,676      $   15,388   
    


 


 


 


Weighted average outstanding shares of common stock (B)

     7,895        8,167        7,952        8,215   

Dilutive effect of stock-based awards

     90        70        89        78   


 


 


 


Common stock and common stock equivalents (C)

     7,985        8,237        8,041        8,293   
    


 


 


 


Earnings Per Share

                                

Basic (A/B)

   $ 0.48      $ 0.61      $ 1.72      $ 1.87   

Diluted (A/C)

   $ 0.47      $ 0.61      $ 1.70      $ 1.86