(In millions)

Year Ended June 30,

2025

2024

2023

Derivatives

Balance, beginning of period

$

(3

)

$

(27

)

$

(13

)

Unrealized gains (losses), net of tax of $20, $(4), and $9

77

(14

)

34

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

(103

)

48

(61

)

Tax expense (benefit) included in provision for income taxes

21

(10

)

13

Amounts reclassified from accumulated other comprehensive loss

(82

)

38

(48

)

Net change related to derivatives, net of tax of $(1), $6, and $(4)

(5

)

24

(14

)

Balance, end of period

$

(8

)

$

(3

)

$

(27

)

Investments

Balance, beginning of period

$

(2,625

)

$

(3,582

)

$

(2,138

)

Unrealized gains (losses), net of tax of $411, $247, and $(393)

1,560

915

(1,523

)

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

17

53

99

Tax benefit included in provision for income taxes

(3

)

(11

)

(20

)

Amounts reclassified from accumulated other comprehensive loss

14

42

79

Net change related to investments, net of tax of $414, $258, and $(373)

1,574

957

(1,444

)

Balance, end of period

$

(1,051

)

$

(2,625

)

$

(3,582

)

Translation Adjustments and Other

Balance, beginning of period

$

(2,962

)

$

(2,734

)

$

(2,527

)

Translation adjustments and other, net of tax of $8, $0, and $0

674

(228

)

(207

)

Balance, end of period

$

(2,288

)

$

(2,962

)

$

(2,734

)

Accumulated other comprehensive loss, end of period

$

(3,347

)

$

(5,590

)

$

(6,343

)