(In millions)

Fair Value

Level

Adjusted

Cost Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

and Cash

Equivalents

Short-term

Investments

Equity

Investments

June 30, 2023

Changes in Fair Value Recorded in Other Comprehensive Income

Commercial paper

Level 2

$

16,589

$

0

$

0

$

16,589

$

12,231

$

4,358

$

0

Certificates of deposit

Level 2

2,701

0

0

2,701

2,657

44

0

U.S. government securities

Level 1

65,237

2

(3,870

)

61,369

2,991

58,378

0

U.S. agency securities

Level 2

2,703

0

0

2,703

894

1,809

0

Foreign government bonds

Level 2

498

1

(24

)

475

0

475

0

Mortgage- and asset-backed securities

Level 2

824

1

(39

)

786

0

786

0

Corporate notes and bonds

Level 2

10,809

8

(583

)

10,234

0

10,234

0

Corporate notes and bonds

Level 3

120

0

0

120

0

120

0

Municipal securities

Level 2

285

1

(18

)

268

7

261

0

Municipal securities

Level 3

103

0

(16

)

87

0

87

0

Total debt investments

$

99,869

$

13

$

(4,550

)

$

95,332

$

18,780

$

76,552

$

0

Changes in Fair Value Recorded in Net Income

Equity investments

Level 1

$

10,138

$

7,446

$

0

$

2,692

Equity investments

Other

7,187

0

0

7,187

Total equity investments

$

17,325

$

7,446

$

0

$

9,879

Cash

$

8,478

$

8,478

$

0

$

0

Derivatives, net (a)

6

0

6

0

Total

$

121,141

$

34,704

$

76,558

$

9,879

(In millions)

Fair Value

Level

Adjusted

Cost Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

and Cash

Equivalents

Short-term

Investments

Equity

Investments

June 30, 2022

Changes in Fair Value Recorded in Other Comprehensive Income

Commercial paper

Level 2

$

2,500

$

0

$

0

$

2,500

$

2,498

$

2

$

0

Certificates of deposit

Level 2

2,071

0

0

2,071

2,032

39

0

U.S. government securities

Level 1

79,696

29

(2,178

)

77,547

9

77,538

0

U.S. agency securities

Level 2

419

0

(9

)

410

0

410

0

Foreign government bonds

Level 2

506

0

(24

)

482

0

482

0

Mortgage- and asset-backed securities

Level 2

727

1

(30

)

698

0

698

0

Corporate notes and bonds

Level 2

11,661

4

(554

)

11,111

0

11,111

0

Corporate notes and bonds

Level 3

67

0

0

67

0

67

0

Municipal securities

Level 2

368

19

(13

)

374

0

374

0

Municipal securities

Level 3

103

0

(6

)

97

0

97

0

Total debt investments

$

98,118

$

53

$

(2,814

)

$

95,357

$

4,539

$

90,818

$

0

Changes in Fair Value Recorded in Net Income

Equity investments

Level 1

$

1,590

$

1,134

$

0

$

456

Equity investments

Other

6,435

0

0

6,435

Total equity investments

$

8,025

$

1,134

$

0

$

6,891

Cash

$

8,258

$

8,258

$

0

$

0

Derivatives, net (a)

8

0

8

0

Total

$

111,648

$

13,931

$

90,826

$

6,891