XML 46 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Available-for-Sale Securities
 12 Months Ended
Jun. 30, 2016
Investments, Debt and Equity Securities [Abstract]  
Available-for-Sale Securities
5. Available-for-Sale Securities
We invest in marketable securities, which are classified as available-for-sale and are carried at fair value in the consolidated balance sheets. We held the following investments in marketable securities at fair value at June 30:
(in millions)
2016
 
2015
Current available-for-sale securities:
 
 
 
Commercial paper
$
—

 
$
4

Treasury bills
3

 
12

International bonds
2

 
2

Corporate bonds
58

 
34

U.S. agency bonds
6

 
5

Asset-backed securities
28

 
8

International equity securities
2

 
—

U.S. agency mortgage-backed securities
14

 
26

Total current available-for-sale securities
113

 
91

Long-term available-for-sale securities:
 
 
 
Treasury bills
10

 
—

International bonds
1

 
—

Corporate bonds
36

 
33

U.S. agency bonds
9

 
18

Asset-backed securities
17

 
41

U.S. agency mortgage-backed securities
14

 
10

Total long-term available-for-sale securities
87

 
102

Total available-for-sale securities
$
200

 
$
193


Gross unrealized gains and losses were immaterial at both June 30, 2016 and 2015. During fiscal 2016, 2015 and 2014 gross realized gains and losses were immaterial and we did not recognize any other-than-temporary impairments. At June 30, 2016, the weighted-average effective maturity of our current and long-term investments was approximately 6 months and 15 months, respectively.