| 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:
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(In millions) |
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Year Ended June 30, |
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2025 |
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2024 |
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2023 |
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Derivatives |
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Balance, beginning of period |
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$ |
(3 |
) |
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$ |
(27 |
) |
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$ |
(13 |
) |
Unrealized gains (losses), net of tax of $20, $(4), and $9 |
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77 |
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(14 |
) |
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34 |
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Reclassification adjustments for (gains) losses included in other income (expense), net |
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(103 |
) |
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48 |
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(61 |
) |
Tax expense (benefit) included in provision for income taxes |
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21 |
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(10 |
) |
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13 |
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Amounts reclassified from accumulated other comprehensive loss |
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(82 |
) |
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38 |
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(48 |
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Net change related to derivatives, net of tax of $(1), $6, and $(4) |
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(5 |
) |
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24 |
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(14 |
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Balance, end of period |
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$ |
(8 |
) |
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$ |
(3 |
) |
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$ |
(27 |
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Investments |
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Balance, beginning of period |
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$ |
(2,625 |
) |
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$ |
(3,582 |
) |
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$ |
(2,138 |
) |
Unrealized gains (losses), net of tax of $411, $247, and $(393) |
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1,560 |
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915 |
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(1,523 |
) |
Reclassification adjustments for losses included in other income (expense), net |
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17 |
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53 |
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99 |
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Tax benefit included in provision for income taxes |
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(3 |
) |
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(11 |
) |
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(20 |
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Amounts reclassified from accumulated other comprehensive loss |
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14 |
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42 |
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79 |
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Net change related to investments, net of tax of $414, $258, and $(373) |
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1,574 |
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957 |
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(1,444 |
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Balance, end of period |
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$ |
(1,051 |
) |
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$ |
(2,625 |
) |
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$ |
(3,582 |
) |
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Translation Adjustments and Other |
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Balance, beginning of period |
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$ |
(2,962 |
) |
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$ |
(2,734 |
) |
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$ |
(2,527 |
) |
Translation adjustments and other, net of tax of $8, $0, and $0 |
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674 |
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(228 |
) |
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(207 |
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Balance, end of period |
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$ |
(2,288 |
) |
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$ |
(2,962 |
) |
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$ |
(2,734 |
) |
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Accumulated other comprehensive loss, end of period |
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$ |
(3,347 |
) |
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$ |
(5,590 |
) |
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$ |
(6,343 |
) |
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