ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

3 Months Ended

Sep. 30, 2022

NOTE 16 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in accumulated other comprehensive income (loss) by component:

(In millions)


Three Months Ended September 30,		2022			2021

Derivatives

Balance, beginning of period	$	(13	)	$	(19	)
Unrealized losses, net of tax of $(11) and $(3)		(40	)		(10	)

Reclassification adjustments for losses included in other income (expense), net		59			15
Tax benefit included in provision for income taxes		(12	)		(3	)


Amounts reclassified from accumulated other comprehensive income (loss)		47			12


Net change related to derivatives, net of tax of $1 and $0		7			2


Balance, end of period	$	(6	)	$	(17	)


Investments

Balance, beginning of period	$	(2,138	)	$	3,222
Unrealized losses, net of tax of $(510) and $(110)		(1,925	)		(415	)

Reclassification adjustments for (gains) losses included in other income (expense), net		35			(9	)
Tax expense (benefit) included in provision for income taxes		(7	)		2


Amounts reclassified from accumulated other comprehensive income (loss)		28			(7	)


Net change related to investments, net of tax of $(503) and $(112)		(1,897	)		(422	)


Balance, end of period	$	(4,035	)	$	2,800


Translation Adjustments and Other

Balance, beginning of period	$	(2,527	)	$	(1,381	)
Translation adjustments and other, net of tax of $0 and $0		(775	)		(119	)


Balance, end of period	$	(3,302	)	$	(1,500	)


Accumulated other comprehensive income (loss), end of period	$	(7,343	)	$	1,283