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(a) In February 2015, we issued $10.8 billion of debt securities.

(b) Euro-denominated debt securities.

The notes in the table above are senior unsecured obligations and rank equally with our other senior unsecured debt outstanding. Interest on these notes is paid semi-annually, except for the euro-denominated debt securities on which interest is paid annually. Cash paid for interest on our debt for fiscal years 2015, 2014, and 2013 was $620 million, $509 million, and $371 million, respectively. As of June 30, 2015 and 2014, the aggregate unamortized discount for our long-term debt, including the current portion, was $156 million and $100 million, respectively.

 

Debt Service

Maturities of our long-term debt for each of the next five years and thereafter are as follows:

 

















(In millions)

 

 

 

 










Year Ending June 30,

 

 

 

 







2016

 

$

2,500

 

2017

 

 

0

 

2018

 

 

1,050

 

2019

 

 

2.250

 

2020

 

 

1,500

 

Thereafter

 

 

23,163

 

 




Total

 

$

  30,463

 

 

 

 

 




NOTE 13 — INCOME TAXES

The components of the provision for income taxes were as follows:



 








































(In millions)

 

 

 

 

 

 

 

 

 

 
















Year Ended June 30,

 

2015

 

 

2014

 

 

2013

 













Current Taxes

 

 

 

 

 

 

 

 

 

 

 

 













U.S. federal

 

$

  3,661

 

 

$

  3,738

 

 

$

  3,131

 

U.S. state and local

 

 

364

 

 

 

266

 

 

 

332

 

Foreign

 

 

2,065

 

 

 

2,073

 

 

 

1,745

 

 




 

 

 




 

 

 




Current taxes

 

 

6,090

 

 

 

6,077

 

 

 

5,208

 













Deferred Taxes

 

 

 

 

 

 

 

 

 

 

 

 













Deferred taxes

 

 

224

 

 

 

(331

)

 

 

(19

)

 




 

 

 




 

 

 




Provision for income taxes

 

$

6,314

 

 

$

5,746

 

 

$

5,189

 

 

 

 

 




 

 

 




 

 

 




U.S. and foreign components of income before income taxes were as follows:

 









































(In millions)

 

 
















Year Ended June 30,

 

2015

 

 

2014

 

 

2013

 













U.S.

 

$

7,363

 

 

$

7,127

 

 

$

6,674

 

Foreign

 

 

11,144

 

 

 

20,693

 

 

 

20,378

 

 




 

 

 




 

 

 




Income before income taxes

 

$

  18,507

 

 

$

  27,820

 

 

$

  27,052

 

 

 

 

 




 

 

 




 

 

 





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