(In millions)

Three Months Ended September 30,

2022

2021

Derivatives

Balance, beginning of period

$

(13

)

$

(19

)

Unrealized losses, net of tax of $(11) and $(3)

(40

)

(10

)

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

59

15

Tax benefit included in provision for income taxes

(12

)

(3

)

Amounts reclassified from accumulated other comprehensive income (loss)

47

12

Net change related to derivatives, net of tax of $1 and $0

7

2

Balance, end of period

$

(6

)

$

(17

)

Investments

Balance, beginning of period

$

(2,138

)

$

3,222

Unrealized losses, net of tax of $(510) and $(110)

(1,925

)

(415

)

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

35

(9

)

Tax expense (benefit) included in provision for income taxes

(7

)

2

Amounts reclassified from accumulated other comprehensive income (loss)

28

(7

)

Net change related to investments, net of tax of $(503) and $(112)

(1,897

)

(422

)

Balance, end of period

$

(4,035

)

$

2,800

Translation Adjustments and Other

Balance, beginning of period

$

(2,527

)

$

(1,381

)

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

(775

)

(119

)

Balance, end of period

$

  (3,302

)

$

  (1,500

)

Accumulated other comprehensive income (loss), end of period

$

(7,343

)

$

1,283