(In millions)

Three Months Ended

December 31,

Six Months Ended

December 31,

2023

2022

2023

2022

Derivatives

Balance, beginning of period

$

(6

)

$

(6

)

$

(27

)

$

(13

)

Unrealized gains, net of tax of $10, $13, $6, and $2

37

49

22

9

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

(51

)

(103

)

(5

)

(44

)

Tax expense included in provision for income taxes

11

22

1

10

Amounts reclassified from accumulated other comprehensive loss

(40

)

(81

)

(4

)

(34

)

Net change related to derivatives, net of tax of $(1), $(9), $5, and $(8)

(3

)

(32

)

18

(25

)

Balance, end of period

$

(9

)

$

(38

)

$

(9

)

$

(38

)

Investments

Balance, beginning of period

$

(3,842

)

$

(4,035

)

$

(3,582

)

$

(2,138

)

Unrealized gains (losses), net of tax of $352, $89, $277, and $(421)

1,325

340

1,042

(1,585

)

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

7

10

36

45

Tax benefit included in provision for income taxes

(1

)

(2

)

(7

)

(9

)

Amounts reclassified from accumulated other comprehensive loss

6

8

29

36

Net change related to investments, net of tax of $353, $91, $284, and $(412)

1,331

348

1,071

(1,549

)

Balance, end of period

$

(2,511

)

$

(3,687

)

$

(2,511

)

$

(3,687

)

Translation Adjustments and Other

Balance, beginning of period

$

(3,089

)

$

(3,302

)

$

(2,734

)

$

(2,527

)

Translation adjustments and other, net of tax of $0, $0, $0, and $0

660

570

305

(205

)

Balance, end of period

$

(2,429

)

$

(2,732

)

$

(2,429

)

$

(2,732

)

Accumulated other comprehensive loss, end of period

$

(4,949

)

$

(6,457

)

$

(4,949

)

$

(6,457

)