INVESTMENTS (Tables)

9 Months Ended

Mar. 31, 2017

Investment Components, Including Associated Derivatives

The components of investments, including associated derivatives, were as follows:

(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments			Equity and Other Investments
March 31, 2017
Cash	$	3,390	$	0	$	0		$	3,390	$	3,390	$	0		$	0
Mutual funds		1,139		0		0			1,139		1,139		0			0
Commercial paper		536		0		0			536		337		199			0
Certificates of deposit		1,767		0		0			1,767		1,341		426			0
U.S. government and agency securities		104,688		75		(345	)		104,418		102		104,316			0
Foreign government bonds		5,344		2		(16	)		5,330		404		4,926			0
Mortgage- and asset-backed securities		4,241		16		(4	)		4,253		0		4,253			0
Corporate notes and bonds		4,823		60		(17	)		4,866		0		4,866			0
Municipal securities		284		38		0			322		0		322			0
Common and preferred stock		3,380		3,561		(79	)		6,862		0		0			6,862
Other investments		516		0		0			516		0		(3	)		519
Total	$	130,108	$	3,752	$	(461	)	$	133,399	$	6,713	$	119,305		$	7,381

(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments			Equity and Other Investments
June 30, 2016
Cash	$	3,501	$	0	$	0		$	3,501	$	3,501	$	0		$	0
Mutual funds		1,012		0		0			1,012		1,012		0			0
Commercial paper		298		0		0			298		298		0			0
Certificates of deposit		1,000		0		0			1,000		868		132			0
U.S. government and agency securities		89,970		245		(11	)		90,204		100		90,104			0
Foreign government bonds		5,502		10		(18	)		5,494		731		4,763			0
Mortgage- and asset-backed securities		4,789		21		(2	)		4,808		0		4,808			0
Corporate notes and bonds		6,509		110		(35	)		6,584		0		6,584			0
Municipal securities		285		57		0			342		0		342			0
Common and preferred stock		5,597		4,452		(236	)		9,813		0		0			9,813
Other investments		615		0		0			615		0		(3	)		618
Total	$	119,078	$	4,895	$	(302	)	$	123,671	$	6,510	$	106,730		$	10,431

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
March 31, 2017
U.S. government and agency securities	$	68,195	$	(336	)	$	373	$	(9	)	$	68,568	$	(345	)
Foreign government bonds		5,281		(4	)		23		(12	)		5,304		(16	)
Mortgage- and asset-backed securities		774		(3	)		198		(1	)		972		(4	)
Corporate notes and bonds		658		(11	)		346		(6	)		1,004		(17	)
Common and preferred stock		295		(25	)		233		(54	)		528		(79	)
Total	$	75,203	$	(379	)	$	1,173	$	(82	)	$	76,376	$	(461	)

	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, 2016
U.S. government and agency securities	$	5,816	$	(3	)	$	432	$	(8	)	$	6,248	$	(11	)
Foreign government bonds		3,452		(3	)		35		(15	)		3,487		(18	)
Mortgage- and asset-backed securities		844		(1	)		322		(1	)		1,166		(2	)
Corporate notes and bonds		1,180		(11	)		788		(24	)		1,968		(35	)
Common and preferred stock		896		(147	)		390		(89	)		1,286		(236	)
Total	$	12,188	$	(165	)	$	1,967	$	(137	)	$	14,155	$	(302	)

Debt Investment Maturities

Debt Investment Maturities

(In millions)	Cost Basis		Estimated Fair Value
March 31, 2017
Due in one year or less	$	16,644	$	16,637
Due after one year through five years		97,412		97,250
Due after five years through 10 years		6,536		6,512
Due after 10 years		1,091		1,093
Total	$	121,683	$	121,492