Notes to Financial Statements

NOTE 18 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

The following table summarizes the changes in accumulated other comprehensive income (loss) by component:

 

(In millions)

 

Three Months Ended

March 31,

 

 

Nine Months Ended

March 31,

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

2018

 

 

 

2017

 

 

 

2018

 

 

 

2017

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

21

 

 

$

595

  

 

$

134

 

 

$

352

 

Unrealized gains (losses), net of tax of $7, $3, $8, and $7

 

 

15

 

 

 

(60

)

 

 

30

 

 

 

424

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments for gains included in revenue

 

 

(8

)

 

 

(167

)

  

 

(138

)

  

 

(414

)

Tax expense included in provision for income taxes

 

 

0

 

 

 

2

 

 

 

2

 

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive income

 

 

(8

)

 

 

(165

)

 

 

(136

)

  

 

(406

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives, net of tax of $7, $1, $6, and $(1)

 

 

7

 

 

 

(225

)

 

 

(106

)

 

 

18

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

28

 

 

$

370

 

 

$

28

 

 

$

370

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

659

 

 

$

2,030

 

 

$

1,825

 

 

$

2,941

 

Unrealized gains (losses), net of tax of $(186), $307, $(347), and $197

 

 

(644

)

 

 

571

 

 

 

(961

)

 

 

367

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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

 

 

(517

)

 

 

(779

)

  

 

(1,823

)

 

 

(1,867

)

Tax expense included in provision for income taxes

 

 

145

 

 

 

273

  

 

 

602

 

 

 

654

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive income

 

 

(372

)

 

 

(506

)

 

 

(1,221

)

 

 

(1,213

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to investments, net of tax of $(331), $34, $(949), and $(457)

 

 

(1,016

)

 

 

65

 

   

 

(2,182

)

  

 

(846

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(357

)

 

$

2,095

 

 

$  

(357

)

 

$

2,095

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Translation Adjustments and Other

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(1,079

)

 

$

(1,973

)

 

$

(1,332

)

 

$

(1,499

)

Translation adjustments and other, net of tax of $0, $0, $(1), and $7

 

 

255

 

 

 

349

 

 

 

508

 

 

 

(125

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

(824

)

 

$

(1,624

)

 

(824

)

 

$

(1,624

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income (loss), end of period

 

$

(1,153

)

 

$

841

 

 

$

(1,153

)

 

$

841