(In millions)

Fair Value

Level

Adjusted Cost Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

 and Cash

Equivalents

Short-term

Investments

Equity

Investments

June 30, 2022

Changes in Fair Value Recorded in Other Comprehensive Income

Commercial paper

Level 2

$

2,500

$

0

$

0

$

2,500

$

2,498

$

2

$

0

Certificates of deposit

Level 2

2,071

0

0

2,071

2,032

39

0

U.S. government securities

Level 1

79,696

29

(2,178

)

77,547

9

77,538

0

U.S. agency securities

Level 2

419

0

(9

)

410

0

410

0

Foreign government bonds

Level 2

506

0

(24

)

482

0

482

0

Mortgage- and asset-backed securities

Level 2

727

1

(30

)

698

0

698

0

Corporate notes and bonds

Level 2

11,661

4

(554

)

11,111

0

11,111

0

Corporate notes and bonds

Level 3

67

0

0

67

0

67

0

Municipal securities

Level 2

368

19

(13

)

374

0

374

0

Municipal securities

Level 3

103

0

(6

)

97

0

97

0

Total debt investments

$

98,118

$

53

$

(2,814

)

$

95,357

$

4,539

$

90,818

$

0

Changes in Fair Value Recorded in Net Income

Equity investments

Level 1

$

1,590

$

1,134

$

0

$

456

Equity investments

Other

6,435

0

0

6,435

Total equity investments

$

8,025

$

1,134

$

0

$

6,891

Cash

$

8,258

$

8,258

$

0

$

0

Derivatives, net ^(a)

8

0

8

0

Total

$

111,648

$

13,931

$

90,826

$

6,891

(In millions)

Fair Value

Level

Adjusted

Cost Basis

Unrealized

Gains

Unrealized

Losses

Recorded

Basis

Cash

and Cash

Equivalents

Short-term

Investments

Equity

Investments

June 30, 2021

Changes in Fair Value Recorded in Other Comprehensive Income

Commercial paper

Level 2

$

4,316

$

0

$

0

$

4,316

$

1,331

$

2,985

$

0

Certificates of deposit

Level 2

3,615

0

0

3,615

2,920

695

0

U.S. government securities

Level 1

90,664

3,832

(111

)

94,385

1,500

92,885

0

U.S. agency securities

Level 2

807

2

0

809

0

809

0

Foreign government bonds

Level 2

6,213

9

(2

)

6,220

225

5,995

0

Mortgage- and asset-backed securities

Level 2

3,442

22

(6

)

3,458

0

3,458

0

Corporate notes and bonds

Level 2

8,443

249

(9

)

8,683

0

8,683

0

Corporate notes and bonds

Level 3

63

0

0

63

0

63

0

Municipal securities

Level 2

308

63

0

371

0

371

0

Municipal securities

Level 3

95

0

(7

)

88

0

88

0

Total debt investments

$

117,966

$

4,177

$

(135

)

$

122,008

$

5,976

$

116,032

$

0

Changes in Fair Value Recorded in Net Income

Equity investments

Level 1

$

1,582

$

976

$

0

$

606

Equity investments

Other

5,378

0

0

5,378

Total equity investments

$

6,960

$

976

$

0

$

5,984

Cash

$

7,272

$

7,272

$

0

$

0

Derivatives, net ^(a)

78

0

78

0

Total

$

136,318

$

14,224

$

116,110

$

5,984

(a)

Refer to Note 5 – Derivatives for further information on the fair value of our derivative instruments.