(In millions)

Three Months Ended

December 31,

Six Months Ended

December 31,

2022

2021

2022

2021

Derivatives

Balance, beginning of period

$

(6

)

$

(17

)

$

(13

)

$

(19

)

Unrealized gains (losses), net of tax of $13, $(3), $2, and $(6)

49

(11

)

9

(21

)

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

(103

)

14

(44

)

29

Tax expense (benefit) included in provision for income taxes

22

(3

)

10

(6

)

Amounts reclassified from accumulated other comprehensive income (loss)

(81

)

11

(34

)

23

Net change related to derivatives, net of tax of $(9), $0, $(8), and $0

(32

)

0

(25

)

2

Balance, end of period

$

(38

)

$

(17

)

$

(38

)

$

(17

)

Investments

Balance, beginning of period

$

(4,035

)

$

2,800

$

(2,138

)

$

3,222

Unrealized gains (losses), net of tax of $89, $(197), $(421), and $(307)

340

(742

)

(1,585

)

(1,157

)

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

10

(1

)

45

(10

)

Tax expense (benefit) included in provision for income taxes

(2

)

0

(9

)

2

Amounts reclassified from accumulated other comprehensive income (loss)

8

(1

)

36

(8

)

Net change related to investments, net of tax of $91, $(197), $(412), and $(309)

348

(743

)

(1,549

)

(1,165

)

Balance, end of period

$

(3,687

)

$

2,057

$ 

(3,687

)

$

2,057

Translation Adjustments and Other

Balance, beginning of period

$

(3,302

)

$

(1,500

)

$

(2,527

)

$

(1,381

)

Translation adjustments and other, net of tax of $0, $0, $0, and $0

570

(103

)

(205

)

(222

)

Balance, end of period

$

(2,732

)

$

(1,603

)

$ 

(2,732

)

$

(1,603

)

Accumulated other comprehensive income (loss), end of period

$

(6,457

)

$

437

$

(6,457

)

$

437