(In millions)

Fair

Value

Level

Adjusted

Cost

Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

and Cash

Equivalents

Short-term

Investments

Equity and Other

Investments

March 31, 2024

Changes in Fair Value Recorded in Other Comprehensive Income

Commercial paper

Level 2

$

5,535

$

0

$

0

$

5,535

$

5,535

$

0

$

0

Certificates of deposit

Level 2

2,300

0

0

2,300

2,256

44

0

U.S. government securities

Level 1

52,036

3

(3,074

)

48,965

4

48,961

0

U.S. agency securities

Level 2

23

0

0

23

0

23

0

Foreign government bonds

Level 2

352

4

(12

)

344

0

344

0

Mortgage- and asset-backed securities

Level 2

980

4

(34

)

950

0

950

0

Corporate notes and bonds

Level 2

9,874

40

(340

)

9,574

0

9,574

0

Corporate notes and bonds

Level 3

1,646

0

(1

)

1,645

0

145

1,500

Municipal securities

Level 2

263

1

(14

)

250

0

250

0

Municipal securities

Level 3

104

0

(16

)

88

0

88

0

Total debt investments

$

73,113

$

52

$

(3,491

)

$

69,674

$

7,795

$

60,379

$

1,500

Changes in Fair Value Recorded in Net Income

Equity investments

Level 1

$

3,340

$

258

$

0

$

3,082

Equity investments

Other

10,225

0

0

10,225

Total equity investments

$

13,565

$

258

$

0

$

13,307

Cash

$

11,581

$

11,581

$

0

$

0

Derivatives, net (a)

8

0

8

0

Total

$

94,828

$

19,634

$

60,387

$

14,807

(In millions)

Fair

Value

Level

Adjusted

Cost

Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

and Cash

Equivalents

Short-term

Investments

Equity and Other

Investments

June 30, 2023

Changes in Fair Value Recorded in Other Comprehensive Income

Commercial paper

Level 2

$

16,589

$

0

$

0

$

16,589

$

12,231

$

4,358

$

0

Certificates of deposit

Level 2

2,701

0

0

2,701

2,657

44

0

U.S. government securities

Level 1

65,237

2

(3,870

)

61,369

2,991

58,378

0

U.S. agency securities

Level 2

2,703

0

0

2,703

894

1,809

0

Foreign government bonds

Level 2

498

1

(24

)

475

0

475

0

Mortgage- and asset-backed securities

Level 2

824

1

(39

)

786

0

786

0

Corporate notes and bonds

Level 2

10,809

8

(583

)

10,234

0

10,234

0

Corporate notes and bonds

Level 3

120

0

0

120

0

120

0

Municipal securities

Level 2

285

1

(18

)

268

7

261

0

Municipal securities

Level 3

103

0

(16

)

87

0

87

0

Total debt investments

$

99,869

$

13

$

(4,550

)

$

95,332

$

18,780

$

76,552

$

0

Changes in Fair Value Recorded in Net Income

Equity investments

Level 1

$

10,138

$

7,446

$

0

$

2,692

Equity investments

Other

7,187

0

0

7,187

Total equity investments

$

17,325

$

7,446

$

0

$

9,879

Cash

$

8,478

$

8,478

$

0

$

0

Derivatives, net (a)

6

0

6

0

Total

$

121,141

$

34,704

$

76,558

$

9,879