ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

9 Months Ended

Mar. 31, 2022

Equity [Abstract]

ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

NOTE 16 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)

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

(In millions)	Three Months Ended March 31,						Nine Months Ended March 31,
		2022			2021			2022			2021
Derivatives
Balance, beginning of period	$	(17	)	$	(26	)	$	(19	)	$	(38	)
Unrealized gains (losses), net of tax of $(1), $0, $(7), and $12		(6	)		(2	)		(27	)		43
Reclassification adjustments for (gains) losses included in other income (expense), net		15			26			44			(15	)
Tax expense (benefit) included in provision for income taxes		(3	)		(6	)		(9	)		2
Amounts reclassified from accumulated other comprehensive income (loss)		12			20			35			(13	)
Net change related to derivatives, net of tax of $2, $6, $2, and $10		6			18			8			30
Balance, end of period	$	(11	)	$	(8	)	$	(11	)	$	(8	)
Investments
Balance, beginning of period	$	2,057		$	4,795		$	3,222		$	5,478
Unrealized losses, net of tax of $(769), $(451), $(1,076), and $(629)		(2,894	)		(1,696	)		(4,051	)		(2,361	)
Reclassification adjustments for (gains) losses included in other income (expense), net		15			(11	)		5			(47	)
Tax expense (benefit) included in provision for income taxes		(3	)		2			(1	)		10
Amounts reclassified from accumulated other comprehensive income (loss)		12			(9	)		4			(37	)
Net change related to investments, net of tax of $(766), $(453), $(1,075), and $(639)		(2,882	)		(1,705	)		(4,047	)		(2,398	)
Cumulative effect of accounting changes		0			0			0			10
Balance, end of period	$	(825	)	$	3,090		$	(825	)	$	3,090
Translation Adjustments and Other
Balance, beginning of period	$	(1,603	)	$	(1,402	)	$	(1,381	)	$	(2,254	)
Translation adjustments and other, net of tax of $0, $0, $0, and $(9)		(37	)		(218	)		(259	)		634
Balance, end of period	$	(1,640	)	$	(1,620	)	$	(1,640	)	$	(1,620	)
Accumulated other comprehensive income (loss), end of period	$	(2,476	)	$	1,462		$	(2,476	)	$	1,462