Quarterly Information (Unaudited)

12 Months Ended

Jun. 30, 2012

Quarterly Information (Unaudited)

NOTE 23 — QUARTERLY INFORMATION (UNAUDITED)

(In millions, except per share amounts)
Quarter Ended	September 30		December 31		March 31			June 30			Total
Fiscal Year 2012
Revenue	$	17,372	$	20,885	$	17,407		$	18,059		$	73,723
Gross profit		13,595		15,247		13,455			13,896			56,193
Net income		5,738		6,624		5,108			(492	) (a)		16,978	(a)
Basic earnings (loss) per share		0.68		0.79		0.61			(0.06	)		2.02
Diluted earnings (loss) per share		0.68		0.78		0.60			(0.06	)  (a)		2.00	(a)
Fiscal Year 2011
Revenue	$	16,195	$	19,953	$	16,428		$	17,367		$	69,943
Gross profit		13,056		15,120		12,531			13,659			54,366
Net income		5,410		6,634		5,232	(b)		5,874	(c)		23,150
Basic earnings per share		0.63		0.78		0.62			0.70			2.73
Diluted earnings per share		0.62		0.77		0.61			0.69			2.69

(a) Includes a goodwill impairment charge related to our OSD business segment which decreased net income by $6.2 billion and diluted earnings per share by $0.73.

(b) Includes a partial settlement of an I.R.S. audit of tax years 2004 to 2006, which increased net income by $461 million.

(c) Reflects an effective tax rate of 7% due mainly to the adjustment of our previously estimated effective tax rate for the year to reflect the actual full year mix of foreign and U.S. taxable income. In addition, upon completion of our annual domestic and foreign tax returns, we adjusted the estimated tax provision to reflect the tax returns filed and recorded an income tax benefit which lowered our effective tax rate.