INVESTMENTS (Tables)

12 Months Ended

Jun. 30, 2018

INVESTMENTS

Schedule of gains and losses recorded in AOCI related to the Company's available-for-sale investments

Gains and losses recorded in AOCI related to the Company’s available-for-sale investments as of June 30, 2018 were as follows:

(In millions)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. government and agency securities	$	427	$	—	$	(5	)	$	422
Foreign government and agency securities	114		—		(2		)	112
Corporate notes and bonds	479		—		(7		)	472
Time deposits	200		—		—			200
Other securities	16		—		—			16
Total	$	1,236	$	—	$	(14	)	$	1,222

Gains and losses recorded in AOCI related to the Company’s available-for-sale investments as of June 30, 2017 were as follows:

(In millions)	Cost		Gross Unrealized Gains		Gross Unrealized Losses			Fair Value
U.S. government and agency securities	$	464	$	2	$	(2	)	$	464
Foreign government and agency securities	103		—		(1		)	102
Corporate notes and bonds	506		—		(1		)	505
Time deposits	410		—		—			410
Other securities	16		1		—			17
Total	$	1,499	$	3	$	(4	)	$	1,498

Schedule of available-for-sale securities by contractual maturity

The following table presents the Company’s available-for-sale securities by contractual maturity as of June 30, 2018:

(In millions)	Cost		Fair Value
Due within one year	$	537	$	534
Due after one through five years	699		688
	$	1,236	$	1,222

Schedule of gross unrealized losses that are not deemed to be other-than-temporarily impaired

The following table presents the fair market value of the Company’s investments with gross unrealized losses that are not deemed to be other-than-temporarily impaired as of June 30, 2018:

	In a Loss Position for Less Than 12 Months					In a Loss Position for More Than 12 Months
(In millions)	Fair Value		Gross Unrealized Losses			Fair Value		Gross Unrealized Losses
Available-for-sale securities	$	670	$	(9	)	$	334	$	(5	)