(In millions)

Three Months Ended

December 31,

Six Months Ended

December 31,

2020

2019

2020

2019

Derivatives

Balance, beginning of period

$

(34

) 

$

(2

)

$

(38

)

$

0

Unrealized gains (losses), net of tax of $7, $1, $12, and $(1)

25

2

45

(4

)

Reclassification adjustments for gains included in earnings

(21

)

(8

)

(41

)

(3

)

Tax expense included in provision for income taxes

4

2

8

1

Amounts reclassified from accumulated other comprehensive income (loss)

(17

)

(6

)

(33

)

(2

)

Net change related to derivatives, net of tax of $3, $(1), $4, and $(2)

8

(4

)

12

(6

)

Balance, end of period

$

(26

)

$

(6

)

$

(26

)

$

(6

)

Investments

Balance, beginning of period

$

5,287

$

2,065

$

5,478

$

1,488

Unrealized gains (losses), net of tax of $(128), $(111), $(178), and $45

(477

)

(414

)

(665

)

162

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

(19

)

(7

)

(36

)

(6

)

Tax expense included in provision for income taxes

4

1

8

1

Amounts reclassified from accumulated other comprehensive income (loss)

(15

)

(6

)

(28

)

(5

)

Net change related to investments, net of tax of $(132), $(112), $(186), and $44

(492

)

(420

)

(693

)

157

Cumulative effect of accounting changes

0

0

10

0

Balance, end of period

$

4,795

$

1,645

$

4,795

$

1,645

Translation Adjustments and Other

Balance, beginning of period

$

(2,143

)

$

(2,124

)

$

(2,254

)

$

(1,828

)

Translation adjustments and other, net of tax of $0, $0, $(9), and $(8)

741

230

852

(66

)

Balance, end of period

$

(1,402

)

$

(1,894

)

$

(1,402

)

$

(1,894

)

Accumulated other comprehensive income (loss), end of period

$

3,367

$

(255

)

$

3,367

$

(255

)