(In millions)

Year Ended June 30,

2022

2021

2020

Derivatives

Balance, beginning of period

$

(19

)

$

(38

)

$

0

Unrealized gains (losses), net of tax of $(15), $9, and $(10)

(57

)

34

(38

)

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

79

(17

)

0

Tax expense (benefit) included in provision for income taxes

(16

)

2

0

Amounts reclassified from accumulated other comprehensive income (loss)

63

(15

)

0

Net change related to derivatives, net of tax of $1, $7, and $(10)

6

19

(38

)

Balance, end of period

$

(13

)

$

(19

)

$

(38

)

Investments

Balance, beginning of period

$

3,222

$

5,478

$

1,488

Unrealized gains (losses), net of tax of $(1,440), $(589), and $1,057

(5,405

)

(2,216

)

3,987

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

57

(63

)

4

Tax expense (benefit) included in provision for income taxes

(12

)

13

(1

)

Amounts reclassified from accumulated other comprehensive income (loss)

45

(50

)

3

Net change related to investments, net of tax of $(1,428), $(602), and $1,058

(5,360

)

(2,266

)

3,990

Cumulative effect of accounting changes

0

10

0

Balance, end of period

$

(2,138

)

$

3,222

$

5,478

Translation Adjustments and Other

Balance, beginning of period

$

(1,381

)

$

(2,254

)

$

  (1,828

)

Translation adjustments and other, net of tax of $0, $(9), and $1

(1,146

)

873

(426

)

Balance, end of period

$

(2,527

)

$

(1,381

)

$

(2,254

)

Accumulated other comprehensive income (loss), end of period

$

(4,678

)

$

1,822

$

3,186