INVESTMENTS (Tables)

The components of investments, including associated derivatives, but excluding held-to-maturity investments, were as follows:


(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments			Equity and Other Investments


September 30, 2016

Cash	$	3,473	$	0	$	0		$	3,473	$	3,473	$	0		$	0
Mutual funds		1,516		0		0			1,516		1,516		0			0
Commercial paper		745		0		0			745		645		100			0
Certificates of deposit		1,304		0		0			1,304		1,128		176			0
U.S. government and agency securities		112,619		116		(34	)		112,701		6,916		105,785			0
Foreign government bonds		5,709		9		(18	)		5,700		250		5,450			0
Mortgage- and asset-backed securities		4,599		24		(1	)		4,622		0		4,622			0
Corporate notes and bonds		6,440		108		(18	)		6,530		0		6,530			0
Municipal securities		284		59		0			343		0		343			0
Common and preferred stock		5,395		4,639		(161	)		9,873		0		0			9,873
Other investments		585		0		0			585		0		(2	)		587

Total	$	142,669	$	4,955	$	(232	)	$	147,392	$	13,928	$	123,004		$	10,460


(In millions)	Cost Basis		Unrealized Gains		Unrealized Losses			Recorded Basis		Cash and Cash Equivalents		Short-term Investments			Equity and Other Investments


June 30, 2016

Cash	$	3,501	$	0	$	0		$	3,501	$	3,501	$	0		$	0
Mutual funds		1,012		0		0			1,012		1,012		0			0
Commercial paper		298		0		0			298		298		0			0
Certificates of deposit		1,000		0		0			1,000		868		132			0
U.S. government and agency securities		89,970		245		(11	)		90,204		100		90,104			0
Foreign government bonds		5,502		10		(18	)		5,494		731		4,763			0
Mortgage- and asset-backed securities		4,789		21		(2	)		4,808		0		4,808			0
Corporate notes and bonds		6,509		110		(35	)		6,584		0		6,584			0
Municipal securities		285		57		0			342		0		342			0
Common and preferred stock		5,597		4,452		(236	)		9,813		0		0			9,813
Other investments		590		0		0			590		0		(3	)		593

Total	$	119,053	$	4,895	$	(302	)	$	123,646	$	6,510	$	106,730		$	10,406

Investments with continuous unrealized losses for less than 12 months and 12 months or greater and their related fair values were as follows:


	Less than 12 Months					12 Months or Greater							Total Unrealized Losses

(In millions)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Total Fair Value


September 30, 2016

U.S. government and agency securities	$	40,654	$	(26	)	$	379	$	(8	)	$	41,033	$	(34	)
Foreign government bonds		5,081		(1	)		38		(17	)		5,119		(18	)
Mortgage- and asset-backed securities		0		0			214		(1	)		214		(1	)
Corporate notes and bonds		920		(4	)		484		(14	)		1,404		(18	)
Common and preferred stock		523		(65	)		486		(96	)		1,009		(161	)

Total	$	47,178	$	(96	)	$	1,601	$	(136	)	$	48,779	$	(232	)


	Less than 12 Months					12 Months or Greater							Total Unrealized Losses

(In millions)	Fair Value		Unrealized Losses			Fair Value		Unrealized Losses			Total Fair Value


June 30, 2016

U.S. government and agency securities	$	5,816	$	(3	)	$	432	$	(8	)	$	6,248	$	(11	)
Foreign government bonds		3,452		(3	)		35		(15	)		3,487		(18	)
Mortgage- and asset-backed securities		844		(1	)		322		(1	)		1,166		(2	)
Corporate notes and bonds		1,180		(11	)		788		(24	)		1,968		(35	)
Common and preferred stock		896		(147	)		390		(89	)		1,286		(236	)

Total	$	12,188	$	(165	)	$	1,967	$	(137	)	$	14,155	$	(302	)

Debt Investment Maturities


(In millions)	Cost Basis		Estimated Fair Value


September 30, 2016

Due in one year or less	$	48,954	$	48,970
Due after one year through five years		79,647		79,755
Due after five years through 10 years		1,745		1,788
Due after 10 years		1,354		1,432

Total	$	131,700	$	131,945