CASH FLOWS STATEMENTS - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2015	Sep. 30, 2014
Operations
Net income	$ 4,620	$ 4,540
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other	1,461	1,428
Stock-based compensation expense	674	646
Net recognized losses on investments and derivatives	101	55
Excess tax benefits from stock-based compensation	(282)	(502)
Deferred income taxes	73	301
Deferral of unearned revenue	10,423	8,022
Recognition of unearned revenue	(11,355)	(10,643)
Changes in operating assets and liabilities:
Accounts receivable	6,376	6,627
Inventories	(937)	(483)
Other current assets	(280)	(280)
Other long-term assets	(5)	279
Accounts payable	(135)	(659)
Other current liabilities	(2,024)	(1,166)
Other long-term liabilities	(116)	189
Net cash from operations	8,594	8,354
Financing
Proceeds from issuance of short-term debt, maturities of 90 days or less, net	4,890	2,999
Proceeds from issuance of debt	121	0
Repayments of debt	(1,750)	(1,500)
Common stock issued	219	216
Common stock repurchased	(4,757)	(2,888)
Common stock cash dividends paid	(2,475)	(2,307)
Excess tax benefits from stock-based compensation	282	502
Other	(178)	0
Net cash used in financing	(3,648)	(2,978)
Investing
Additions to property and equipment	(1,356)	(1,282)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets	(390)	(141)
Purchases of investments	(37,570)	(24,085)
Maturities of investments	5,686	1,693
Sales of investments	28,502	16,445
Securities lending payable	62	(367)
Net cash used in investing	(5,066)	(7,737)
Effect of exchange rates on cash and cash equivalents	(44)	(6)
Net change in cash and cash equivalents	(164)	(2,367)
Cash and cash equivalents, beginning of period	5,595	8,669
Cash and cash equivalents, end of period	$ 5,431	$ 6,302