INVESTMENTS (Tables)

3 Months Ended

Sep. 30, 2015

Investment Components, Including Associated Derivatives but Excluding Held to Maturity Investments

The components of investments, including associated derivatives, but excluding held-to-maturity investments, were as follows:

(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments		Equity and Other Investments
September 30, 2015
Cash	$	3,555	$	0	$	0		$	3,555	$	3,555	$	0	$	0
Mutual funds		854		0		0			854		854		0		0
Commercial paper		10		0		(2	)		8		8		0		0
Certificates of deposit		1,115		0		0			1,115		965		150		0
U.S. government and agency securities		76,086		96		(48	)		76,134		49		76,085		0
Foreign government bonds		5,535		4		(40	)		5,499		0		5,499		0
Mortgage- and asset-backed securities		4,800		23		(6	)		4,817		0		4,817		0
Corporate notes and bonds		7,038		88		(79	)		7,047		0		7,047		0
Municipal securities		285		38		(1	)		322		0		322		0
Common and preferred stock		6,895		4,477		(522	)		10,850		0		0		10,850
Other investments		567		0		0			567		0		4		563
Total	$	106,740	$	4,726	$	(698	)	$	110,768	$	5,431	$	93,924	$	11,413

(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments		Equity and Other Investments
June 30, 2015
Cash	$	3,679	$	0	$	0		$	3,679	$	3,679	$	0	$	0
Mutual funds		1,100		0		0			1,100		1,100		0		0
Commercial paper		1		0		0			1		1		0		0
Certificates of deposit		906		0		0			906		776		130		0
U.S. government and agency securities		72,843		76		(30	)		72,889		39		72,850		0
Foreign government bonds		5,477		3		(24	)		5,456		0		5,456		0
Mortgage- and asset-backed securities		4,899		23		(6	)		4,916		0		4,916		0
Corporate notes and bonds		7,192		97		(37	)		7,252		0		7,252		0
Municipal securities		285		35		(1	)		319		0		319		0
Common and preferred stock		6,668		4,986		(215	)		11,439		0		0		11,439
Other investments		597		0		0			597		0		8		589
Total	$	103,647	$	5,220	$	(313	)	$	108,554	$	5,595	$	90,931	$	12,028

Unrealized Losses on 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 Unrealized Losses
(In millions)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Total Fair Value
September 30, 2015
Commercial paper	$	8	$	(2	)	$	0	$	0		$	8	$	(2	)
U.S. government and agency securities		3,341		(18	)		570		(30	)		3,911		(48	)
Foreign government bonds		2,223		(12	)		70		(28	)		2,293		(40	)
Mortgage- and asset-backed securities		3,384		(6	)		16		0			3,400		(6	)
Corporate notes and bonds		3,984		(59	)		168		(20	)		4,152		(79	)
Municipal securities		11		(1	)		0		0			11		(1	)
Common and preferred stock		1,737		(393	)		348		(129	)		2,085		(522	)
Total	$	14,688	$	(491	)	$	1,172	$	(207	)	$	15,860	$	(698	)

	Less than 12 Months					12 Months or Greater							Total Unrealized Losses
(In millions)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Total Fair Value
June 30, 2015
U.S. government and agency securities	$	6,636	$	(9	)	$	421	$	(21	)	$	7,057	$	(30	)
Foreign government bonds		4,611		(12	)		18		(12	)		4,629		(24	)
Mortgage- and asset-backed securities		3,171		(5	)		28		(1	)		3,199		(6	)
Corporate notes and bonds		2,946		(29	)		104		(8	)		3,050		(37	)
Municipal securities		36		(1	)		0		0			36		(1	)
Common and preferred stock		1,389		(180	)		148		(35	)		1,537		(215	)
Total	$	18,789	$	(236	)	$	719	$	(77	)	$	19,508	$	(313	)

Debt Investment Maturities

Debt Investment Maturities

(In millions)	Cost Basis		Estimated Fair Value
September 30, 2015
Due in one year or less	$	47,806	$	47,822
Due after one year through five years		43,017		43,071
Due after five years through 10 years		2,650		2,598
Due after 10 years		1,396		1,451
Total	$	94,869	$	94,942