XML 39 R31.htm IDEA: XBRL DOCUMENT
v3.25.1

DERIVATIVES (Tables) | 9 Months Ended
--- | ---
Mar. 31, 2025
Notional Amounts of Outstanding Derivative Instruments Measured in U.S. Dollar Equivalents | The following table presents the notional amounts of our outstanding derivative instruments measured in U.S. dollar equivalents:
(In millions) |  | March 31, 2025 |  |  | June 30, 2024 |
Designated as Hedging Instruments |  |  |  |  |  |  |  |
Foreign exchange contracts purchased |  | $ | 1,492 |  |  | $ | 1,492 |
Interest rate contracts purchased |  |  | 1,151 |  |  |  | 1,100 |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |
Foreign exchange contracts purchased |  |  | 9,641 |  |  |  | 7,167 |
Foreign exchange contracts sold |  |  | 34,881 |  |  |  | 31,793 |
Equity contracts purchased |  |  | 5,100 |  |  |  | 4,016 |
Equity contracts sold |  |  | 2,170 |  |  |  | 2,165 |
Other contracts purchased |  |  | 2,693 |  |  |  | 2,113 |
Other contracts sold |  |  | 1,195 |  |  |  | 811 |
Fair Values of Derivative Instruments | The following table presents our derivative instruments:
(In millions) |  | Derivative Assets |  |  |  | Derivative Liabilities |  |  | Derivative Assets |  |  | Derivative Liabilities |
|  | March 31, 2025 |  |  | June 30, 2024 |
Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  | $ | 26 |  |  | $ | (80 | ) |  | $ | 24 |  |  | $ | (76 | )
Interest rate contracts |  |  | 5 |  |  |  | 0 |  |  |  | 19 |  |  |  | 0 |
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  | 224 |  |  |  | (751 | ) |  |  | 213 |  |  |  | (230 | )
Equity contracts |  |  | 282 |  |  |  | (1,085 | ) |  |  | 63 |  |  |  | (491 | )
Other contracts |  |  | 13 |  |  |  | (4 | ) |  |  | 12 |  |  |  | (3 | )
Gross amounts of derivatives |  |  | 550 |  |  |  | (1,920 | ) |  |  | 331 |  |  |  | (800 | )
Gross amounts of derivatives offset in the balance sheets |  |  | (142 | ) |  |  | 145 |  |  |  | (151 | ) |  |  | 152 |
Cash collateral received |  |  | 0 |  |  |  | (126 | ) |  |  | 0 |  |  |  | (104 | )
Net amounts of derivatives |  | $ | 408 |  |  | $ | (1,901 | ) |  | $ | 180 |  |  | $ | (752 | )
Reported as |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Short-term investments |  | $ | 6 |  |  | $ | 0 |  |  | $ | 12 |  |  | $ | 0 |
Other current assets |  |  | 124 |  |  |  | 0 |  |  |  | 149 |  |  |  | 0 |
Equity and other investments |  |  | 273 |  |  |  | 0 |  |  |  | 0 |  |  |  | 0 |
Other long-term assets |  |  | 5 |  |  |  | 0 |  |  |  | 19 |  |  |  | 0 |
Other current liabilities |  |  | 0 |  |  |  | (1,730 | ) |  |  | 0 |  |  |  | (401 | )
Other long-term liabilities |  |  | 0 |  |  |  | (171 | ) |  |  | 0 |  |  |  | (351 | )
Total |  | $ | 408 |  |  | $ | (1,901 | ) |  | $ | 180 |  |  | $ | (752 | )
The following table presents the fair value of our derivatives instruments on a gross basis:
(In millions) |  | Level 1 |  |  |  | Level 2 |  |  | Level 3 |  |  | Total |
March 31, 2025 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  | $ | 0 |  |  | $ | 267 |  |  | $ | 283 |  |  | $ | 550 |
Derivative liabilities |  |  | 0 |  |  |  | (1,920 | ) |  |  | 0 |  |  |  | (1,920 | )
June 30, 2024 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative assets |  |  | 0 |  |  |  | 327 |  |  |  | 4 |  |  |  | 331 |
Derivative liabilities |  |  | (1 | ) |  |  | (799 | ) |  |  | 0 |  |  |  | (800 | )
Gains (Losses) on Derivative Instruments | Gains (losses) on derivative instruments recognized in other income (expense), net were as follows:
(In millions) |  |  | Three Months Ended March 31, |  |  |  | Nine Months Ended March 31, |
|  |  | 2025 |  |  |  | 2024 |  |  |  | 2025 |  |  |  | 2024 |
Designated as Fair Value Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Interest rate contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivatives |  | $ | 3 |  |  | $ | (21 | ) |  | $ | 5 |  |  | $ | (15 | )
Hedged items |  |  | (12 | ) |  |  | 10 |  |  |  | (36 | ) |  |  | (21 | )
Designated as Cash Flow Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Amount reclassified from accumulated other comprehensive loss |  |  | 50 |  |  |  | (37 | ) |  |  | (7 | ) |  |  | (32 | )
Not Designated as Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  | (372 | ) |  |  | 299 |  |  |  | 383 |  |  |  | 171 |
Equity contracts |  |  | 176 |  |  |  | (22 | ) |  |  | (283 | ) |  |  | (196 | )
Other contracts |  |  | 18 |  |  |  | (8 | ) |  |  | 16 |  |  |  | (5 | )
Cash Flow Hedges | Other Comprehensive Income (Loss) |
Gains (Losses) on Derivative Instruments | Gains (losses), net of tax, on derivative instruments recognized in our consolidated comprehensive income statements were as follows:
(In millions) |  | Three Months Ended March 31, |  |  | Nine Months Ended March 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Designated as Cash Flow Hedging Instruments |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Foreign exchange contracts |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Included in effectiveness assessment |  | $ | 20 |  |  | $ | (19 | ) |  | $ | (1 | ) |  | $ | 3 |

X
- Definition Tabular disclosure of the location and amount of derivative instruments and nonderivative instruments designated as hedging instruments reported before netting adjustments, and the amount of gain (loss) on derivative instruments and nonderivative instruments designated and qualified as hedging instruments. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 815 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 4E -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4E Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4C -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4C Reference 3: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4A -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4A + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsGainLossInStatementOfFinancialPerformanceTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the location and fair value amounts of derivative instruments (and nonderivative instruments that are designated and qualify as hedging instruments) reported in the statement of financial position. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-4B + Details
Name: | us-gaap_ScheduleOfDerivativeInstrumentsInStatementOfFinancialPositionFairValueTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the notional amounts of outstanding derivative positions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 815 -SubTopic 10 -Section 50 -Paragraph 1A -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480434/815-10-50-1A + Details
Name: | us-gaap_ScheduleOfNotionalAmountsOfOutstandingDerivativePositionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Details
Name: | us-gaap_DerivativeInstrumentsGainLossByHedgingRelationshipAxis=us-gaap_CashFlowHedgingMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |

X
- Details
Name: | us-gaap_OtherComprehensiveIncomeLocationAxis=us-gaap_OtherComprehensiveIncomeMember
Namespace Prefix: |
Data Type: | na
Balance Type: |
Period Type: |