INVESTMENTS (Tables)

12 Months Ended

Jun. 30, 2011

Investment Components, Including Associated Derivatives

The components of investments, including associated derivatives, were as follows:

(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments		Equity and Other Investments
June 30, 2011
Cash	$	1,648	$	0	$	0		$	1,648	$	1,648	$	0	$	0
Mutual funds		1,752		0		0			1,752		1,752		0		0
Commercial paper		639		0		0			639		414		225		0
Certificates of deposit		598		0		0			598		372		226		0
U.S. government and agency securities		33,607		162		(7	)		33,762		2,049		31,713		0
Foreign government bonds		658		11		(2	)		667		0		667		0
Mortgage-backed securities		2,307		121		(4	)		2,424		0		2,424		0
Corporate notes and bonds		10,575		260		(11	)		10,824		3,375		7,449		0
Municipal securities		441		15		(2	)		454		0		454		0
Common and preferred stock		7,925		2,483		(193	)		10,215		0		0		10,215
Other investments		654		0		0			654		0		4		650
Total	$	60,804	$	3,052	$	(219	)	$	63,637	$	9,610	$	43,162	$	10,865
(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments		Equity and Other Investments
June 30, 2010
Cash	$	1,661	$	0	$	0		$	1,661	$	1,661	$	0	$	0
Mutual funds		1,120		0		0			1,120		1,120		0		0
Commercial paper		188		0		0			188		13		175		0
Certificates of deposit		348		0		0			348		68		280		0
U.S. government and agency securities		21,036		167		(1	)		21,202		1,822		19,380		0
Foreign government bonds		518		13		0			531		0		531		0
Mortgage-backed securities		3,137		135		(7	)		3,265		0		3,265		0
Corporate notes and bonds		7,450		289		(18	)		7,721		701		7,020		0
Municipal securities		726		22		(1	)		747		120		627		0
Common and preferred stock		6,640		1,030		(418	)		7,252		0		0		7,252
Other investments		507		0		0			507		0		5		502
Total	$	43,331	$	1,656	$	(445	)	$	44,542	$	5,505	$	31,283	$	7,754

Unrealized Loss Position Investments

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:

	Less than 12 Months					12 Months or Greater					Total Fair Value		Total Unrealized Losses
(In millions)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
June 30, 2011
U.S. government and agency securities	$	484	$	(7	)	$	0	$	0		$	484	$	(7	)
Foreign government bonds		365		(2	)		0		0			365		(2	)
Mortgage-backed securities		63		(3	)		14		(1	)		77		(4	)
Corporate notes and bonds		750		(10	)		25		(1	)		775		(11	)
Municipal securities		79		(2	)		0		0			79		(2	)
Common and preferred stock		1,377		(146	)		206		(47	)		1,583		(193	)
Total	$	3,118	$	(170	)	$	245	$	(49	)	$	3,363	$	(219	)
	Less than 12 Months					12 Months or Greater					Total Fair Value		Total Unrealized Losses
(In millions)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses
June 30, 2010
U.S. government and agency securities	$	216	$	(1	)	$	0	$	0		$	216	$	(1	)
Mortgage-backed securities		105		(6	)		18		(1	)		123		(7	)
Corporate notes and bonds		1,124		(13	)		89		(5	)		1,213		(18	)
Municipal securities		66		(1	)		0		0			66		(1	)
Common and preferred stock		2,102		(339	)		190		(79	)		2,292		(418	)
Total	$	3,613	$	(360	)	$	297	$	(85	)	$	3,910	$	(445	)

Debt Investment Maturities

Debt Investment Maturities

(In millions)	Cost Basis		Estimated Fair Value
June 30, 2011
Due in one year or less	$	23,982	$	24,053
Due after one year through five years		19,516		19,733
Due after five years through 10 years		2,516		2,637
Due after 10 years		2,811		2,945
Total	$	48,825	$	49,368