INVESTMENTS (Tables)

6 Months Ended

Dec. 31, 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
December 31, 2015
Cash	$	3,480	$	0	$	0		$	3,480	$	3,480	$	0	$	0
Mutual funds		1,428		0		0			1,428		1,428		0		0
Commercial paper		790		0		0			790		790		0		0
Certificates of deposit		1,062		0		0			1,062		921		141		0
U.S. government and agency securities		79,113		11		(232	)		78,892		350		78,542		0
Foreign government bonds		4,973		3		(39	)		4,937		216		4,721		0
Mortgage- and asset-backed securities		4,849		17		(9	)		4,857		0		4,857		0
Corporate notes and bonds		6,914		65		(106	)		6,873		0		6,873		0
Municipal securities		285		36		0			321		0		321		0
Common and preferred stock		6,395		4,862		(333	)		10,924		0		0		10,924
Other investments		565		0		0			565		0		0		565
Total	$	109,854	$	4,994	$	(719	)	$	114,129	$	7,185	$	95,455	$	11,489

(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
December 31, 2015
U.S. government and agency securities	$	72,914	$	(202	)	$	566	$	(30	)	$	73,480	$	(232	)
Foreign government bonds		3,635		(9	)		52		(30	)		3,687		(39	)
Mortgage- and asset-backed securities		3,428		(9	)		329		0			3,757		(9	)
Corporate notes and bonds		4,168		(68	)		377		(38	)		4,545		(106	)
Common and preferred stock		1,329		(225	)		440		(108	)		1,769		(333	)
Total	$	85,474	$	(513	)	$	1,764	$	(206	)	$	87,238	$	(719	)

	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
December 31, 2015
Due in one year or less	$	36,522	$	36,479
Due after one year through five years		57,639		57,461
Due after five years through 10 years		2,519		2,441
Due after 10 years		1,306		1,351
Total	$	97,986	$	97,732