(In millions)

Three Months Ended

December 31,

Six Months Ended

December 31,

2024

2023

2024

2023

Derivatives

Balance, beginning of period

$

(13

)

$

(6

)

$

(3

)

$

(27

)

Unrealized gains (losses), net of tax of $(13), $10, $(6), and $6

(50

)

37

(21

)

22

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

106

(51

)

57

(5

)

Tax expense (benefit) included in provision for income taxes

(22

)

11

(12

)

1

Amounts reclassified from accumulated other comprehensive loss

84

(40

)

45

(4

)

Net change related to derivatives, net of tax of $9, $(1), $6, and $5

34

(3

)

24

18

Balance, end of period

$

21

$

(9

)

$

21

$

(9

)

Investments

Balance, beginning of period

$

(1,511

)

$

(3,842

)

$

(2,625

)

$

(3,582

)

Unrealized gains (losses), net of tax of $(121), $352, $176, and $277

(453

)

1,325

665

1,042

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

24

7

19

36

Tax benefit included in provision for income taxes

(5

)

(1

)

(4

)

(7

)

Amounts reclassified from accumulated other comprehensive loss

19

6

15

29

Net change related to investments, net of tax of $(116), $353, $180, and $284

(434

)

1,331

680

1,071

Balance, end of period

$

(1,945

)

$

(2,511

)

$

(1,945

)

$

(2,511

)

Translation Adjustments and Other

Balance, beginning of period

$

(2,658

)

$

(3,089

)

$

(2,962

)

$

(2,734

)

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

(1,034

)

660

(730

)

305

Balance, end of period

$

(3,692

)

$

(2,429

)

$

(3,692

)

$

(2,429

)

Accumulated other comprehensive loss, end of period

$

(5,616

)

$

(4,949

)

$

(5,616

)

$

(4,949

)