(In millions)

Fair Value Level

Cost Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

and Cash Equivalents

Short-term

Investments

Equity

Investments

June 30, 2019

Changes in Fair Value Recorded in

Other Comprehensive Income

Commercial paper

Level 2

$

2,211

$

0

$

0

$

2,211

$

1,773

$

438

$

0

Certificates of deposit

Level 2

2,018

0

0

2,018

1,430

588

0

U.S. government securities

Level 1

104,925

1,854

(104

)

106,675

769

105,906

0

U.S. agency securities

Level 2

988

0

0

988

698

290

0

Foreign government bonds

Level 2

6,350

4

(8

)

6,346

2,506

3,840

0

Mortgage- and asset-backed securities

Level 2

3,554

10

(3

)

3,561

0

3,561

0

Corporate notes and bonds

Level 2

7,437

111

(7

)

7,541

0

7,541

0

Corporate notes and bonds

Level 3

15

0

0

15

0

15

0

Municipal securities

Level 2

242

48

0

290

0

290

0

Municipal securities

Level 3

7

0

0

7

0

7

0

Total debt investments

$

127,747

$

2,027

$

(122

)

$

129,652

$

7,176

$

122,476

$

0

Changes in Fair Value Recorded in

Net Income

Equity investments

Level 1

$

973

$

409

$

0

$

564

Equity investments

Other

2,085

0

0

2,085

Total equity investments

$

3,058

$

409

$

0

$

2,649

Cash

$

3,771

$

3,771

$

0

$

0

Derivatives, net ^(a)

(13

)

0

(13

)

0

Total

$

136,468

$

  11,356

$

122,463

$

  2,649

(In millions)

Fair Value Level

Cost Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

and Cash

Equivalents

Short-term

Investments

Equity

Investments

June 30, 2018

Changes in Fair Value Recorded in

Other Comprehensive Income

Commercial paper

Level 2

$

2,513

$

0

$

0

$

2,513

$

2,215

$

298

$

0

Certificates of deposit

Level 2

2,058

0

0

2,058

1,865

193

0

U.S. government securities

Level 1

108,120

62

(1,167

)

107,015

2,280

104,735

0

U.S. agency securities

Level 2

1,742

0

0

1,742

1,398

344

0

Foreign government bonds

Level 1

22

0

0

22

0

22

0

Foreign government bonds

Level 2

5,063

1

(10

)

5,054

0

5,054

0

Mortgage- and asset-backed securities

Level 2

3,864

4

(13

)

3,855

0

3,855

0

Corporate notes and bonds

Level 2

6,929

21

(56

)

6,894

0

6,894

0

Corporate notes and bonds

Level 3

15

0

0

15

0

15

0

Municipal securities

Level 2

271

37

(1

)

307

0

307

0

Total debt investments

$

130,597

$

125

$

(1,247

)

$

129,475

$

7,758

$

121,717

$

0

Equity investments

Level 1

$

533

$

246

$

0

$

287

Equity investments

Level 3

18

0

0

18

Equity investments

Other

1,558

0

1

1,557

Total equity investments

$

2,109

$

246

$

1

$

1,862

Cash

$

3,942

$

3,942

$

0

$

0

Derivatives, net ^(a)

104

0

104

0

Total

$

135,630

$

  11,946

$

121,822

$

  1,862

(a)

Refer to Note 5 – Derivatives for further information on the fair value of our derivative instruments.