OTHER COMPREHENSIVE INCOME

12 Months Ended

Jun. 30, 2011

OTHER COMPREHENSIVE INCOME

NOTE 19 — OTHER COMPREHENSIVE INCOME

The activity in other comprehensive income and related income tax effects were as follows:

(In millions)
Year Ended June 30,	2011			2010			2009
Net Unrealized Gains on Derivatives
Unrealized gains (losses), net of tax effects of $(340), $188, and $472	$	(632	)	$	349		$	876
Reclassification adjustment for gains included in net income, net of tax effects of $2, $(173), and $(309)		5			(322	)		(574	)
Net unrealized gains on derivatives	$	(627	)	$	27		$	302
Net Unrealized Gains (Losses) on Investments
Unrealized gains (losses), net of tax effects of $726, $263, and $(142)	$	1,349		$	488		$	(263	)
Reclassification adjustment for losses (gains) included in net income, net of tax effects of $(159), $(120), and $16		(295	)		(223	)		30
Net unrealized gains (losses) on investments		1,054			265			(233	)
Translation adjustments and other, net of tax effects of $205, $(103) and $(133)		381			(206	)		(240	)
Other comprehensive income (loss)	$	808		$	86		$	(171	)

The components of accumulated other comprehensive income were as follows:

(In millions)
Year Ended June 30,	2011			2010			2009
Net unrealized gains (losses) on derivatives	$	(163	)	$	464		$	437
Net unrealized gains on investments		1,821			767			502
Translation adjustments and other		205			(176	)		30
Accumulated other comprehensive income	$	1,863		$	1,055		$	969