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ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
6 Months Ended
Dec. 31, 2015
Summary of Changes in Accumulated Other Comprehensive Income by Component

The following table summarizes the changes in accumulated other comprehensive income by component:

 

(In millions)   

Three Months Ended

December 31,

   

Six Months Ended

December 31,

 


     2015     2014     2015     2014  

Derivatives

                                

Accumulated other comprehensive income balance, beginning of period

   $ 647      $ 350      $ 590      $ 31   

Unrealized gains, net of tax effects of $15, $8, $43, and $12

     122        357        283        692   

Reclassification adjustments for gains included in revenue

     (181 )      (112 )      (290 )      (128 ) 

Tax expense included in provision for income taxes

     10        2        15        2   


 


 


 


Amounts reclassified from accumulated other comprehensive income

     (171 )      (110 )      (275 )      (126 ) 


 


 


 


Net current period other comprehensive income (loss)

     (49 )      247        8        566   


 


 


 


Accumulated other comprehensive income balance, end of period

   $ 598      $ 597      $ 598      $ 597   


 


 


 


Investments

                                

Accumulated other comprehensive income balance, beginning of period

   $ 2,598      $ 3,342      $ 3,169      $ 3,531   

Unrealized gains (losses), net of tax effects of $122, $(12), $(183), and $(86)

     228        (24 )      (338 )      (162 ) 

Reclassification adjustments for gains included in other income (expense), net

     (104 )      (319 )      (112 )      (398 ) 

Tax expense included in provision for income taxes

     36        112        39        140   


 


 


 


Amounts reclassified from accumulated other comprehensive income

     (68 )      (207 )      (73 )      (258 ) 


 


 


 


Net current period other comprehensive income (loss)

     160        (231 )      (411 )      (420 ) 


 


 


 


Accumulated other comprehensive income balance, end of period

   $ 2,758      $ 3,111      $ 2,758      $ 3,111   


 


 


 


Translation adjustments and other

                                

Accumulated other comprehensive income (loss) balance, beginning of period

   $ (1,507 )    $ 65      $ (1,237 )    $ 146   

Translation adjustments and other, net of tax effects of $(9), $(211), $(21), and $(258)

     (76 )      (390 )      (346 )      (471 ) 


 


 


 


Accumulated other comprehensive loss balance, end of period

   $   (1,583 )    $ (325 )    $   (1,583 )    $ (325 ) 


 


 


 


Accumulated other comprehensive income, end of period

   $ 1,773      $   3,383      $ 1,773      $   3,383