(In millions)

Three Months Ended

March 31,

Nine Months Ended

March 31,

2024

2023

2024

2023

Derivatives

Balance, beginning of period

$

(9

)

$

(38

)

$

(27

)

$

(13

)

Unrealized gains (losses), net of tax of $(5), $1, $1, and $3

(19

)

5

3

14

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

37

(18

)

32

(62

)

Tax expense (benefit) included in provision for income taxes

(8

)

4

(7

)

14

Amounts reclassified from accumulated other comprehensive loss

29

(14

)

25

(48

)

Net change related to derivatives, net of tax of $3, $(3), $8, and $(11)

10

(9

)

28

(34

)

Balance, end of period

$

1

$

(47

)

$

1

$

(47

)

Investments

Balance, beginning of period

$

(2,511

)

$

(3,687

)

$

(3,582

)

$

(2,138

)

Unrealized gains (losses), net of tax of $(56), $194, $221, and $(225)

(212

)

732

830

(851

)

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

13

26

49

68

Tax benefit included in provision for income taxes

(3

)

(5

)

(10

)

(13

)

Amounts reclassified from accumulated other comprehensive loss

10

21

39

55

Net change related to investments, net of tax of $(53), $199, $231, and $(212)

(202

)

753

869

(796

)

Balance, end of period

$

(2,713

)

$

(2,934

)

$

(2,713

)

$

(2,934

)

Translation Adjustments and Other

Balance, beginning of period

$

(2,429

)

$

(2,732

)

$

(2,734

)

$

(2,527

)

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

(294

)

69

11

(136

)

Balance, end of period

$

(2,723

)

$

(2,663

)

$

(2,723

)

$

(2,663

)

Accumulated other comprehensive loss, end of period

$

(5,435

)

$

(5,644

)

$

(5,435

)

$

(5,644

)