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Marketable Securities And Cash Equivalents
 6 Months Ended
Dec. 31, 2012
Marketable Securities And Cash Equivalents [Abstract]  
Marketable Securities And Cash Equivalents

Note 5.     Marketable Securities and Cash Equivalents 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

(In millions)

 

 

 

December 31, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States government obligations

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

$
583 

 

$

 -

 

$

 -

 

$
583 

Maturity 1 to 5 years

 

 
93 

 

 

-

 

 

 -

 

 
93 

Government-sponsored enterprise obligations

 

 

 

 

 

 

 

 

 

 

 

 

Maturity 1 to 5 years

 

 
2 

 

 

 -

 

 

 -

 

 
2 

Corporate debt securities

 

 

 

 

 

 

 

 

 

 

 

 

Maturity 1 to 5 years

 

 
15 

 

 

 -

 

 

 -

 

 
15 

Other debt securities

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

 
1,038 

 

 

 -

 

 

 -

 

 
1,038 

Maturity 1 to 5 years

 

 
3 

 

 

 -

 

 

 -

 

 
3 

Equity securities

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

 

 
606 

 

 
3 

 

 
(5)

 

 
604 

 

 

$
2,340 

 

$
3 

 

$
(5)

 

$
2,338 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

(In millions)

 

 

 

June 30, 2012

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States government obligations

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

$
562 

 

$

 -

 

$

 -

 

$
562 

Maturity 1 to 5 years

 

 
87 

 

 
1 

 

 

 -

 

 
88 

Corporate debt securities

 

 

 

 

 

 

 

 

 

 

 

 

Maturity 1 to 5 years

 

 
24 

 

 

 -

 

 

 -

 

 
24 

Other debt securities

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

 
385 

 

 

 -

 

 

 -

 

 
385 

Maturity 1 to 5 years

 

 
4 

 

 

 -

 

 

 -

 

 
4 

Equity securities

 

 

 

 

 

 

 

 

 

 

 

 

Available-for-sale

 

 
124 

 

 
2 

 

 
(4)

 

 
122 

Trading

 

 
24 

 

 

 -

 

 

 -

 

 
24 

 

 

$
1,210 

 

$
3 

 

$
(4)

 

$
1,209 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Unrealized

 

Unrealized

 

Fair

 

 

Cost

 

Gains

 

Losses

 

Value

 

 

 

 

 

(In millions)

 

 

 

June 30, 2011

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

United States government obligations

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

$
753 

 

$

-

 

$

-

 

$
753 

Maturity 1 to 5 years

 

 
72 

 

 
1 

 

 

-

 

 
73 

Government-sponsored enterprise obligations

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

 
20 

 

 

 -

 

 

 -

 

 
20 

Maturity 1 to 5 years

 

 
54 

 

 

 -

 

 

 -

 

 
54 

Maturity 5 to 10 years

 

 
5 

 

 

 -

 

 

 -

 

 
5 

Maturity greater than 10 years

 

 
218 

 

 
8 

 

 

 -

 

 
226 

Corporate debt securities

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

 
1 

 

 

 -

 

 

 -

 

 
1 

Maturity 1 to 5 years

 

 
35 

 

 
1 

 

 

-

 

 
36 

Other debt securities

 

 

 

 

 

 

 

 

 

 

 

 

Maturity less than 1 year

 

 
215 

 

 

-

 

 

-

 

 
215 

Maturity 1 to 5 years

 

 
3 

 

 

-

 

 

-

 

 
3 

Maturity 5 to 10 years

 

 
7 

 

 

 -

 

 

 -

 

 
7 

Equity Securities

 

 

 

 

 

 

 

 

 

 

 

 

Avaliable-for-sale

 

 
159 

 

 
83 

 

 
(4)

 

 
238 

Trading

 

 
24 

 

 

-

 

 

-

 

 
24 

 

 

$
1,566 

 

$
93 

 

$
(4)

 

$
1,655 

 

 

All of the $5 million in unrealized losses at December 31, 2012, arose within the last 12 months and are related to the Company’s investment in one security.  The market value of the available-for-sale equity security that has been in an unrealized loss position for less than 12 months is $17 million.  The Company evaluated the near-term prospects of the issuer in relation to the severity and duration of the impairment.  Based on that evaluation and the Company’s ability and intent to hold this investment for a reasonable period of time sufficient for a forecasted recovery of fair value, the Company does not consider this investment to be other-than-temporarily impaired at December 31, 2012. 

 

For information on other-than-temporary impairment charges, see Notes 13 and 18.