NOTES TO FINANCIAL STATEMENTS |
|
NOTE 13 OTHER COMPREHENSIVE INCOME
The activity in other comprehensive income and related tax effects were as follows:
| (In millions) |
|
| Year Ended June 30 |
2007) |
 |
2006) |
|
2005) |
|
| Net unrealized gains/(losses) on derivative instruments: |
Unrealized gains, net of tax effect of $66 in 2007, $107 in
2006 and $0 in 2005 |
$123 |
|
$199 |
|
$0,–) |
Reclassification adjustment for gains included in net income,
net of tax effect of $(59) in 2007, $(66) in 2006, and $(31)
in 2005 | (109) |
|
(123) |
|
(58) |
| Net unrealized gains/(losses) on derivative instruments |
14) |
|
76 |
|
(58) |
| Net unrealized gains/(losses) on investments: |
| Unrealized gains/(losses), net of tax effect of $393 in 2007, $(105) in 2006, and $469 in 2005 |
730 |
|
(195) |
|
870 |
Reclassification adjustment for gains included in net income,
net of tax effect of $(217) in 2007, $(47) in 2006, and
$(269) in 2005 |
(404) |
|
(87) |
|
(499) |
| Net unrealized gains/(losses) on investments |
326) |
|
(282) |
|
371 |
| Translation adjustments and other |
85) |
|
9 |
|
(6) |
| Other comprehensive income /(loss) |
$425 |
|
$(197) |
|
$307 |
Certain activity within the unrealized gains/(losses) and reclassification adjustment line items in 2006 and 2005 has been revised to correct the prior period presentation. These revisions did not affect other comprehensive income/(loss) nor any of the subtotals in the table above.
The components of accumulated other comprehensive income were as follows:
| (In millions) |
|
| Year Ended June 30 |
2007 |
|
2006 |
|
2005 |
|
| Net unrealized gains on derivative instruments |
$ ,117 |
|
$0,103 |
|
$0,027 |
| Net unrealized gains on investments |
1,388 |
|
1,062 |
|
1,344 |
| Translation adjustments and other |
149 |
|
64 |
|
55 |
| Accumulated other comprehensive income |
$1,654 |
|
$1,229 |
|
$1,426 |
|
