ACCUMULATED OTHER COMPREHENSIVE INCOME (Tables)
9 Months Ended
Mar. 31, 2016
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

March 31,

   

Nine Months Ended

March 31,

 


     2016     2015     2016     2015  

Derivatives

                                

Accumulated other comprehensive income balance, beginning of period

   $ 598      $ 597      $ 590      $ 31   

Unrealized gains (losses), net of tax effects of $(19), $25, $24, and $37

     (125 )      559        158        1,251   

Reclassification adjustments for gains included in revenue

     (171 )      (162 )      (461 )      (290 ) 

Tax expense included in provision for income taxes

     11        4        26        6   


 


 


 


Amounts reclassified from accumulated other comprehensive income

     (160 )      (158 )      (435 )      (284 ) 


 


 


 


Net current period other comprehensive income (loss)

     (285 )      401        (277 )      967   


 


 


 


Accumulated other comprehensive income balance, end of period

   $ 313      $ 998      $ 313      $ 998   


 


 


 


Investments

                                

Accumulated other comprehensive income balance, beginning of period

   $ 2,758      $ 3,111      $ 3,169      $ 3,531   

Unrealized gains, net of tax effects of $217, $133, $34, and $47

     402        245        64        83   

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

     (88 )      (185 )      (200 )      (583 ) 

Tax expense included in provision for income taxes

     31        65        70        205   


 


 


 


Amounts reclassified from accumulated other comprehensive income

     (57 )      (120 )      (130 )      (378 ) 


 


 


 


Net current period other comprehensive income (loss)

     345        125        (66 )      (295 ) 


 


 


 


Accumulated other comprehensive income balance, end of period

   $ 3,103      $ 3,236      $ 3,103      $ 3,236   


 


 


 


Translation adjustments and other

                                

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

   $ (1,583 )    $ (325 )    $ (1,237 )    $ 146   

Translation adjustments and other, net of tax effects of $3, $(174), $(18), and $(432)

     7        (438 )      (339 )      (909 ) 


 


 


 


Accumulated other comprehensive loss balance, end of period

   $   (1,576 )    $ (763 )    $   (1,576 )    $ (763 ) 


 


 


 


Accumulated other comprehensive income, end of period

   $ 1,840      $   3,471      $ 1,840      $   3,471