ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS) |
NOTE 18 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table summarizes the changes in accumulated other comprehensive income (loss) by component:
(In millions) |
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Three Months Ended
December 31, |
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Six Months Ended
December 31, |
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2017 |
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2016 |
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2017 |
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2016 |
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Derivatives |
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Balance, beginning of period |
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$ |
28 |
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$ |
315 |
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$ |
134 |
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$ |
352 |
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Unrealized gains, net of tax of $1, $3, $1, and $4 |
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11 |
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449 |
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15 |
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484 |
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Reclassification adjustments for gains included in revenue |
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(19 |
) |
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(172 |
) |
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(130 |
) |
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(247 |
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Tax expense included in provision for income taxes |
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1 |
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3 |
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2 |
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6 |
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Amounts reclassified from accumulated other comprehensive income |
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(18 |
) |
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(169 |
) |
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(128 |
) |
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(241 |
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Net change related to derivatives, net of tax of $0, $0, $(1), and $(2) |
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(7 |
) |
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280 |
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(113 |
) |
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243 |
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Balance, end of period |
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$ |
21 |
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$ |
595 |
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$ |
21 |
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$ |
595 |
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Investments |
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Balance, beginning of period |
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$ |
1,537 |
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$ |
3,024 |
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$ |
1,825 |
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$ |
2,941 |
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Unrealized gains (losses), net of tax of $(211), $(292), $(161), and $(110) |
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(390 |
) |
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(543 |
) |
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(317 |
) |
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(204 |
) |
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Reclassification adjustments for gains included in other income (expense), net |
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(751 |
) |
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(694 |
) |
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(1,306 |
) |
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(1,088 |
) |
Tax expense included in provision for income taxes |
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263 |
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243 |
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457 |
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381 |
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Amounts reclassified from accumulated other comprehensive income |
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(488 |
) |
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(451 |
) |
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(849 |
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(707 |
) |
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Net change related to investments, net of tax of $(474), $(535), $(618), and $(491) |
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(878 |
) |
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(994 |
) |
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(1,166 |
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(911 |
) |
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Balance, end of period |
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$ |
659 |
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$ |
2,030 |
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$ |
659 |
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$ |
2,030 |
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Translation adjustments and other |
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Balance, beginning of period |
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$ |
(1,039 |
) |
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$ |
(1,381 |
) |
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$ |
(1,332 |
) |
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$ |
(1,499 |
) |
Translation adjustments and other, net of tax of $0, $0, $(1), and $7 |
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(40 |
) |
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(592 |
) |
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253 |
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(474 |
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Balance, end of period |
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$ |
(1,079 |
) |
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$ |
(1,973 |
) |
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$ |
(1,079 |
) |
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$ |
(1,973 |
) |
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Accumulated other comprehensive income (loss), end of period |
|
$ |
(399 |
) |
|
$ |
652 |
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|
$ |
(399 |
) |
|
$ |
652 |
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