(In millions)

Three Months Ended

March 31,

Nine Months Ended

March 31,

2023

2022

2023

2022

Derivatives

Balance, beginning of period

$

(38

)

$

(17

)

$

(13

)

$

(19

)

Unrealized gains (losses), net of tax of $1, $(1), $3, and $(7)

5

(6

)

14

(27

)

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

(18

)

15

(62

)

44

Tax expense (benefit) included in provision for income taxes

4

(3

)

14

(9

)

Amounts reclassified from accumulated other comprehensive loss

(14

)

12

(48

)

35

Net change related to derivatives, net of tax of $(3), $2, $(11), and $2

(9

)

6

(34

)

8

Balance, end of period

$

(47

)

$

(11

)

$

(47

)

$

(11

)

Investments

Balance, beginning of period

$

(3,687

)

$

2,057

$

(2,138

)

$

3,222

Unrealized gains (losses), net of tax of $194, $(769), $(225), and $(1,076)

732

(2,894

)

(851

)

(4,051

)

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

26

15

68

5

Tax benefit included in provision for income taxes

(5

)

(3

)

(13

)

(1

)

Amounts reclassified from accumulated other comprehensive loss

21

12

55

4

Net change related to investments, net of tax of $199, $(766), $(212), and $(1,075)

753

(2,882

)

(796

)

(4,047

)

Balance, end of period

$

(2,934

)

$

(825

)

$

(2,934

)

$

(825

)

Translation Adjustments and Other

Balance, beginning of period

$

(2,732

)

$

(1,603

)

$

(2,527

)

$

(1,381

)

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

69

(37

)

(136

)

(259

)

Balance, end of period

$

(2,663

)

$

(1,640

)

$

(2,663

)

$

(1,640

)

Accumulated other comprehensive loss, end of period

$

(5,644

)

$

(2,476

)

$

(5,644

)

$

(2,476

)