(In millions)

Year Ended June 30,

2023

2022

2021

Derivatives

Balance, beginning of period

$

(13

)

$

(19

)

$

(38

)

Unrealized gains (losses), net of tax of $9, $(15), and $9

34

(57

)

34

Reclassification adjustments for (gains) losses included in other income (expense), net

(61

)

79

(17

)

Tax expense (benefit) included in provision for income taxes

13

(16

)

2

Amounts reclassified from accumulated other comprehensive income (loss)

(48

)

63

(15

)

Net change related to derivatives, net of tax of $(4), $1, and $7

(14

)

6

19

Balance, end of period

$

(27

)

$

(13

)

$

(19

)

Investments

Balance, beginning of period

$

(2,138

)

$

3,222

$

5,478

Unrealized losses, net of tax of $(393), $(1,440), and $(589)

(1,523

)

(5,405

)

(2,216

)

Reclassification adjustments for (gains) losses included in other income (expense), net

99

57

(63

)

Tax expense (benefit) included in provision for income taxes

(20

)

(12

)

13

Amounts reclassified from accumulated other comprehensive income (loss)

79

45

(50

)

Net change related to investments, net of tax of $(373), $(1,428), and $(602)

(1,444

)

(5,360

)

(2,266

)

Cumulative effect of accounting changes

0

0

10

Balance, end of period

$

(3,582

)

$

(2,138

)

$

3,222

Translation Adjustments and Other

Balance, beginning of period

$

(2,527

)

$

(1,381

)

$

  (2,254

)

Translation adjustments and other, net of tax of $0, $0, and $(9)

(207

)

(1,146

)

873

Balance, end of period

$

(2,734

)

$

(2,527

)

$

(1,381

)

Accumulated other comprehensive income (loss), end of period

$

(6,343

)

$

(4,678

)

$

1,822