NOTE 18 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table summarizes the changes in accumulated other comprehensive income (loss) by component:
(In millions) |
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Three Months Ended March 31, |
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Nine Months Ended March 31, |
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2018 |
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2017 |
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2018 |
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2017 |
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Derivatives |
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Balance, beginning of period |
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$ |
21 |
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$ |
595 |
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$ |
134 |
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$ |
352 |
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Unrealized gains (losses), net of tax of $7, $3, $8, and $7 |
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15 |
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(60 |
) |
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30 |
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424 |
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Reclassification adjustments for gains included in revenue |
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(8 |
) |
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(167 |
) |
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(138 |
) |
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(414 |
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Tax expense included in provision for income taxes |
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0 |
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2 |
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2 |
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8 |
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Amounts reclassified from accumulated other comprehensive income |
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(8 |
) |
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(165 |
) |
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(136 |
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(406 |
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Net change related to derivatives, net of tax of $7, $1, $6, and $(1) |
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7 |
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(225 |
) |
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(106 |
) |
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18 |
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Balance, end of period |
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$ |
28 |
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$ |
370 |
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$ |
28 |
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$ |
370 |
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Investments |
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Balance, beginning of period |
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$ |
659 |
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$ |
2,030 |
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$ |
1,825 |
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$ |
2,941 |
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Unrealized gains (losses), net of tax of $(186), $307, $(347), and $197 |
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(644 |
) |
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571 |
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(961 |
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367 |
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Reclassification adjustments for gains included in other income (expense), net |
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(517 |
) |
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(779 |
) |
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(1,823 |
) |
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(1,867 |
) |
Tax expense included in provision for income taxes |
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145 |
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273 |
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602 |
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654 |
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Amounts reclassified from accumulated other comprehensive income |
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(372 |
) |
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(506 |
) |
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(1,221 |
) |
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(1,213 |
) |
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Net change related to investments, net of tax of $(331), $34, $(949), and $(457) |
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(1,016 |
) |
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65 |
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(2,182 |
) |
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(846 |
) |
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Balance, end of period |
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$ |
(357 |
) |
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$ |
2,095 |
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$ |
(357 |
) |
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$ |
2,095 |
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Translation Adjustments and Other |
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Balance, beginning of period |
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$ |
(1,079 |
) |
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$ |
(1,973 |
) |
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$ |
(1,332 |
) |
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$ |
(1,499 |
) |
Translation adjustments and other, net of tax of $0, $0, $(1), and $7 |
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255 |
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349 |
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|
508 |
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(125 |
) |
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Balance, end of period |
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$ |
(824 |
) |
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$ |
(1,624 |
) |
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$ |
(824 |
) |
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$ |
(1,624 |
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Accumulated other comprehensive income (loss), end of period |
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$ |
(1,153 |
) |
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$ |
841 |
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$ |
(1,153 |
) |
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$ |
841 |
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