Notes to Financial Statements

NOTE 18 — ACCUMULATED OTHER COMPREHENSIVE INCOME

The following table summarizes the changes in accumulated other comprehensive income by component:

 

(In millions)

 

 

 

 

 

 

 

 

 

 

Three Months Ended September 30,

 

2017

 

 

2016

 

 

 

 

 

 

 

 

 

 

Derivatives

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

134

 

 

$

352

 

Unrealized gains, net of tax of $0 and $1

 

 

4

 

 

 

35

 

 

 

 

 

 

 

 

 

 

Reclassification adjustments for gains included in revenue

 

 

(111

)

 

 

(75

)

Tax expense included in provision for income taxes

 

 

1

 

 

 

3

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive income

 

 

(110

)

 

 

(72

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to derivatives, net of tax of $(1) and $(2)

 

 

(106

)

 

 

(37

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

28

 

 

$

315

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

1,825

 

 

$

2,941

 

Unrealized gains, net of tax effects of $50 and $182

 

 

73

 

 

 

339

 

 

 

 

 

 

 

 

 

 

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

 

 

(555

)

 

 

(394

)

Tax expense included in provision for income taxes

 

 

194

 

 

 

138

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Amounts reclassified from accumulated other comprehensive income

 

 

(361

)

 

 

(256

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net change related to investments, net of tax of $(144) and $44

 

 

(288

)

 

 

83

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

1,537

 

 

$

3,024

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Translation Adjustments and Other

 

 

 

 

 

 

 

 

 

 

 

Balance, beginning of period

 

$

(1,332

)

 

$

(1,499

)

Translation adjustments and other, net of tax of $(1) and $7

 

 

293

 

 

 

118

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Balance, end of period

 

$

  (1,039

)

 

$

(1,381

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Accumulated other comprehensive income, end of period

 

$

526

 

 

$

1,958