(In millions)

Three Months Ended September 30,

2020

2019

Derivatives

Balance, beginning of period

$

(38

)

$

0

Unrealized gains (losses), net of tax of $5 and $(2)

20

(6

)

Reclassification adjustments for (gains) losses included in earnings

(20

)

5

Tax expense (benefit) included in provision for income taxes

4

(1

)

Amounts reclassified from accumulated other comprehensive income (loss)

(16

)

4

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

4

(2

)

Balance, end of period

$

(34

)

$

(2

)

Investments

Balance, beginning of period

$

5,478

$

1,488

Unrealized gains (losses), net of tax of $(50) and $156

(188

)

576

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

(17

)

1

Tax expense included in provision for income taxes

4

0

Amounts reclassified from accumulated other comprehensive income (loss)

(13

)

1

Net change related to investments, net of tax of $(54) and $156

(201

)

577

Cumulative effect of accounting changes

10

0

Balance, end of period

$

5,287

$

2,065

Translation Adjustments and Other

Balance, beginning of period

$

(2,254

)

$

(1,828

)

Translation adjustments and other, net of tax of $(9) and $(8)

111

(296

)

Balance, end of period

$

(2,143

)

$

(2,124

)

Accumulated other comprehensive income (loss), end of period

$

3,110

$

(61

)