(In millions)

Year Ended June 30,

2020

2019

2018

Derivatives

Balance, beginning of period

$

0

$

173

$

134

Unrealized gains (losses), net of tax of $(10), $2, and $11

(38

)

160

218

Reclassification adjustments for gains included in revenue

0

(341

)

(185

)

Tax expense included in provision for income taxes

0

8

6

Amounts reclassified from accumulated other comprehensive income (loss)

0

(333

)

(179

)

Net change related to derivatives, net of tax of $(10), $(6), and $5

(38

)

(173

)

39

Balance, end of period

$

(38

)

$

0

$

173

Investments

Balance, beginning of period

$

1,488

$

(850

)

$

1,825

Unrealized gains (losses), net of tax of $1,057, $616, and $(427)

3,987

2,331

(1,146

)

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

4

93

(2,309

)

Tax expense (benefit) included in provision for income taxes

(1

)

(19

)

738

Amounts reclassified from accumulated other comprehensive income (loss)

3

74

(1,571

)

Net change related to investments, net of tax of $1,058, $635, and $(1,165)

3,990

2,405

(2,717

)

Cumulative effect of accounting changes

0

(67

)

42

Balance, end of period

$

5,478

$

1,488

$

(850

)

Translation Adjustments and Other

Balance, beginning of period

$

  (1,828

)

$

  (1,510

)

$

  (1,332

)

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

(426

)

(318

)

(178

)

Balance, end of period

$

(2,254

)

$

(1,828

)

$

(1,510

)

Accumulated other comprehensive income (loss), end of period

$

3,186

$

(340

)

$

(2,187

)