CASH FLOWS STATEMENTS - USD ($) $ in Millions	3 Months Ended
	Sep. 30, 2017	Sep. 30, 2016
Operations
Net income	$ 6,576	$ 5,667
Adjustments to reconcile net income to net cash from operations:
Depreciation, amortization, and other	2,499	1,816
Stock-based compensation expense	973	703
Net recognized gains on investments and derivatives	(523)	(311)
Deferred income taxes	(53)	540
Changes in operating assets and liabilities:
Accounts receivable	7,949	7,187
Inventories	(1,023)	(867)
Other current assets	(318)	(965)
Other long-term assets	(278)	(93)
Accounts payable	(407)	(443)
Unearned revenue	(1,806)	(1,807)
Other current liabilities	(1,962)	(321)
Other long-term liabilities	813	443
Net cash from operations	12,440	11,549
Financing
Repayments of short-term debt, maturities of 90 days or less, net	(3,710)	(3,390)
Proceeds from issuance of debt	3,954	24,977
Repayments of debt	(1,169)	(225)
Common stock issued	307	241
Common stock repurchased	(2,570)	(4,362)
Common stock cash dividends paid	(3,003)	(2,800)
Other, net	(150)	(112)
Net cash from (used in) financing	(6,341)	14,329
Investing
Additions to property and equipment	(2,132)	(2,163)
Acquisition of companies, net of cash acquired, and purchases of intangible and other assets	(179)	(24)
Purchases of investments	(32,961)	(57,181)
Maturities of investments	5,226	8,659
Sales of investments	23,036	32,323
Securities lending payable	106	(84)
Net cash used in investing	(6,904)	(18,470)
Effect of foreign exchange rates on cash and cash equivalents	26	10
Net change in cash and cash equivalents	(779)	7,418
Cash and cash equivalents, beginning of period	7,663	6,510
Cash and cash equivalents, end of period	$ 6,884	$ 13,928