NOTE 16 — 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 September 30, |
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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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$ |
173 |
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$ |
134 |
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Unrealized gains, net of tax of $(1) and $0 |
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44 |
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4 |
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Reclassification adjustments for gains included in revenue |
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(92 |
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(111 |
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Tax expense included in provision for income taxes |
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3 |
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1 |
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Amounts reclassified from accumulated other comprehensive income (loss) |
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(89 |
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(110 |
) |
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Net change related to derivatives, net of tax of $(4) and $(1) |
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(45 |
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(106 |
) |
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Balance, end of period |
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$ |
128 |
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$ |
28 |
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Investments |
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Balance, beginning of period |
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$ |
(850 |
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$ |
1,825 |
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Unrealized gains (losses), net of tax of $(86) and $50 |
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(323 |
) |
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73 |
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Reclassification adjustments for (gains) losses included in other income (expense), net |
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78 |
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(555 |
) |
Tax expense (benefit) included in provision for income taxes |
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(16 |
) |
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194 |
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Amounts reclassified from accumulated other comprehensive income (loss) |
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62 |
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(361 |
) |
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Net change related to investments, net of tax of $(70) and $(144) |
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(261 |
) |
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(288 |
) |
Cumulative effect of accounting changes |
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(67 |
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0 |
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Balance, end of period |
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$ |
(1,178 |
) |
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$ |
1,537 |
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Translation Adjustments and Other |
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Balance, beginning of period |
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$ |
(1,510 |
) |
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$ |
(1,332 |
) |
Translation adjustments and other, net of tax of $0 and $(1) |
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(55 |
) |
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293 |
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Balance, end of period |
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$ |
(1,565 |
) |
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$ |
(1,039 |
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Accumulated other comprehensive income (loss), end of period |
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$ |
(2,615 |
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$ |
526 |
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