Short-term investments
Notes to Financial Statements ▼ ▶
The components of investments were as follows:
(In millions) |
|
Fair Value Level |
|
|
Adjusted Cost Basis |
|
|
Unrealized Gains |
|
|
Unrealized Losses |
|
|
Recorded Basis |
|
|
Cash and Cash Equivalents |
|
Short-term Investments |
|
|
Equity and Other Investments |
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2024 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in Fair Value Recorded in Other Comprehensive Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
Level 2 |
|
|
$ |
4,666 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
4,666 |
|
|
$ |
4,666 |
|
|
$ |
0 |
|
|
$ |
0 |
|
Certificates of deposit |
|
|
Level 2 |
|
|
|
1,547 |
|
|
|
0 |
|
|
|
0 |
|
|
|
1,547 |
|
|
|
1,503 |
|
|
|
44 |
|
|
|
0 |
|
U.S. government securities |
|
|
Level 1 |
|
|
|
49,603 |
|
|
|
4 |
|
|
|
(2,948 |
) |
|
|
46,659 |
|
|
|
14 |
|
|
|
46,645 |
|
|
|
0 |
|
U.S. agency securities |
|
|
Level 2 |
|
|
|
17 |
|
|
|
0 |
|
|
|
0 |
|
|
|
17 |
|
|
|
0 |
|
|
|
17 |
|
|
|
0 |
|
Foreign government bonds |
|
|
Level 2 |
|
|
|
319 |
|
|
|
3 |
|
|
|
(16 |
) |
|
|
306 |
|
|
|
0 |
|
|
|
306 |
|
|
|
0 |
|
Mortgage- and asset-backed securities |
|
|
Level 2 |
|
|
|
944 |
|
|
|
3 |
|
|
|
(35 |
) |
|
|
912 |
|
|
|
0 |
|
|
|
912 |
|
|
|
0 |
|
Corporate notes and bonds |
|
|
Level 2 |
|
|
|
9,106 |
|
|
|
28 |
|
|
|
(318 |
) |
|
|
8,816 |
|
|
|
0 |
|
|
|
8,816 |
|
|
|
0 |
|
Corporate notes and bonds |
|
|
Level 3 |
|
|
|
1,641 |
|
|
|
0 |
|
|
|
(1 |
) |
|
|
1,640 |
|
|
|
0 |
|
|
|
140 |
|
|
|
1,500 |
|
Municipal securities |
|
|
Level 2 |
|
|
|
262 |
|
|
|
0 |
|
|
|
(13 |
) |
|
|
249 |
|
|
|
0 |
|
|
|
249 |
|
|
|
0 |
|
Municipal securities |
|
|
Level 3 |
|
|
|
104 |
|
|
|
0 |
|
|
|
(17 |
) |
|
|
87 |
|
|
|
0 |
|
|
|
87 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total debt investments |
|
|
|
|
|
$ |
68,209 |
|
|
$ |
38 |
|
|
$ |
(3,348 |
) |
|
$ |
64,899 |
|
|
$ |
6,183 |
|
|
$ |
57,216 |
|
|
$ |
1,500 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in Fair Value Recorded in Net Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity investments |
|
|
Level 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
3,547 |
|
|
$ |
561 |
|
|
$ |
0 |
|
|
$ |
2,986 |
|
Equity investments |
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
10,114 |
|
|
|
0 |
|
|
|
0 |
|
|
|
10,114 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
13,661 |
|
|
$ |
561 |
|
|
$ |
0 |
|
|
$ |
13,100 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
11,571 |
|
|
$ |
11,571 |
|
|
$ |
0 |
|
|
$ |
0 |
|
Derivatives, net (a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
12 |
|
|
|
0 |
|
|
|
12 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
90,143 |
|
|
$ |
18,315 |
|
|
$ |
57,228 |
|
|
$ |
14,600 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions) |
|
Fair Value Level |
|
|
Adjusted Cost Basis |
|
|
Unrealized Gains |
|
|
Unrealized Losses |
|
|
Recorded Basis |
|
|
Cash and Cash Equivalents |
|
Short-term Investments |
|
|
Equity and Other Investments |
|
|||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30, 2023 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in Fair Value Recorded in Other Comprehensive Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Commercial paper |
|
|
Level 2 |
|
|
$ |
16,589 |
|
|
$ |
0 |
|
|
$ |
0 |
|
|
$ |
16,589 |
|
|
$ |
12,231 |
|
|
$ |
4,358 |
|
|
$ |
0 |
|
Certificates of deposit |
|
|
Level 2 |
|
|
|
2,701 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,701 |
|
|
|
2,657 |
|
|
|
44 |
|
|
|
0 |
|
U.S. government securities |
|
|
Level 1 |
|
|
|
65,237 |
|
|
|
2 |
|
|
|
(3,870 |
) |
|
|
61,369 |
|
|
|
2,991 |
|
|
|
58,378 |
|
|
|
0 |
|
U.S. agency securities |
|
|
Level 2 |
|
|
|
2,703 |
|
|
|
0 |
|
|
|
0 |
|
|
|
2,703 |
|
|
|
894 |
|
|
|
1,809 |
|
|
|
0 |
|
Foreign government bonds |
|
|
Level 2 |
|
|
|
498 |
|
|
|
1 |
|
|
|
(24 |
) |
|
|
475 |
|
|
|
0 |
|
|
|
475 |
|
|
|
0 |
|
Mortgage- and asset-backed securities |
|
|
Level 2 |
|
|
|
824 |
|
|
|
1 |
|
|
|
(39 |
) |
|
|
786 |
|
|
|
0 |
|
|
|
786 |
|
|
|
0 |
|
Corporate notes and bonds |
|
|
Level 2 |
|
|
|
10,809 |
|
|
|
8 |
|
|
|
(583 |
) |
|
|
10,234 |
|
|
|
0 |
|
|
|
10,234 |
|
|
|
0 |
|
Corporate notes and bonds |
|
|
Level 3 |
|
|
|
120 |
|
|
|
0 |
|
|
|
0 |
|
|
|
120 |
|
|
|
0 |
|
|
|
120 |
|
|
|
0 |
|
Municipal securities |
|
|
Level 2 |
|
|
|
285 |
|
|
|
1 |
|
|
|
(18 |
) |
|
|
268 |
|
|
|
7 |
|
|
|
261 |
|
|
|
0 |
|
Municipal securities |
|
|
Level 3 |
|
|
|
103 |
|
|
|
0 |
|
|
|
(16 |
) |
|
|
87 |
|
|
|
0 |
|
|
|
87 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total debt investments |
|
|
|
|
|
$ |
99,869 |
|
|
$ |
13 |
|
|
$ |
(4,550 |
) |
|
$ |
95,332 |
|
|
$ |
18,780 |
|
|
$ |
76,552 |
|
|
$ |
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Changes in Fair Value Recorded in Net Income |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Equity investments |
|
|
Level 1 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
10,138 |
|
|
$ |
7,446 |
|
|
$ |
0 |
|
|
$ |
2,692 |
|
Equity investments |
|
|
Other |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
7,187 |
|
|
|
0 |
|
|
|
0 |
|
|
|
7,187 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total equity investments |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
17,325 |
|
|
$ |
7,446 |
|
|
$ |
0 |
|
|
$ |
9,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Cash |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
8,478 |
|
|
$ |
8,478 |
|
|
$ |
0 |
|
|
$ |
0 |
|
Derivatives, net (a) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
6 |
|
|
|
0 |
|
|
|
6 |
|
|
|
0 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Total |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
$ |
121,141 |
|
|
$ |
34,704 |
|
|
$ |
76,558 |
|
|
$ |
9,879 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|