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RISK MANAGEMENT ACTIVITIES AND FAIR VALUE MEASUREMENTS - DERIVATIVE INSTRUMENTS, EFFECT ON OTHER COMPREHENSIVE INCOME (LOSS) (Details) - Derivatives in Net Investment Hedging Relationships - USD ($)
$ in Millions
3 Months Ended 9 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Mar. 31, 2023
Mar. 31, 2022
Derivative Instruments, Gain (Loss) [Line Items]        
Derivative Instruments, Gain (Loss) Recognized in Income, Ineffective Portion and Amount Excluded from Effectiveness Testing, Net $ 64 $ 18 $ 179 $ 50
Accumulated Other Comprehensive Income, Gain (Loss) $ (242) $ 237 $ (406) $ 804
Foreign Exchange Contract        
Derivative Instruments, Gain (Loss) [Line Items]        
Description of Location of Gain (Loss) on Net Investment Hedges in Financial Statements [1],[2] (266) 104 (571) 530
[1] For the derivatives in net investment hedging relationships, the amount of gain excluded from effectiveness testing, which was recognized in earnings, was $64 and $18 for the three months ended March 31, 2023 and 2022, respectively. The amount of gain excluded from effectiveness testing was $179 and $50 for the nine months ended March 31, 2023 and 2022, respectively.
[2] In addition to the foreign currency derivative contracts designated as net investment hedges, certain of our foreign currency denominated debt instruments are designated as net investment hedges. The amount of gain/(loss) recognized in Accumulated other comprehensive income (AOCI) for such instruments was $(242) and $237 for the three months ended March 31, 2023 and 2022, respectively. The amount of gain/(loss) recognized in Accumulated other comprehensive income (AOCI) for such instruments was $(406) and $804 for the nine months ended March 31, 2023 and 2022, respectively.