Dividends
Our Board of Directors declared the following dividends:
Declaration Date
Record Date / Payment Date / Dividend Per Share / Dividend Per Share / Dividend Per Share / Amount / Amount
Fiscal Year 2025 ........................ (In millions) / (In millions)
September 16, 2024 ...................... November 21, 2024 / December 12, 2024 / $ / 0.83 / $ / 6,170
December 3, 2024 ........................ February 20, 2025 / March 13, 2025 / 0.83 / 6,169
March 11, 2025 .......................... May 15, 2025 / June 12, 2025 / 0.83 / 6,169
June 10, 2025 ........................... August 21, 2025 / September 11, 2025 / 0.83 / 6,170
Total ................................... $ / 3.32 / $ / 24,678
Fiscal Year 2024
September 19, 2023 ...................... November 16, 2023 / December 14, 2023 / $ / 0.75 / $ / 5,574
November 28, 2023 ....................... February 15, 2024 / March 14, 2024 / 0.75 / 5,573
March 12, 2024 .......................... May 16, 2024 / June 13, 2024 / 0.75 / 5,574
June 12, 2024 ........................... August 15, 2024 / September 12, 2024 / 0.75 / 5,574
Total ................................... $ / 3.00 / $ / 22,295
The dividend declared on June 10, 2025 was included in other current liabilities as of June 30, 2025.
NOTE 16 — ACCUMULATED OTHER COMPREHENSIVE INCOME (LOSS)
The following table summarizes the changes in accumulated other comprehensive income (loss) by component :
(In millions)
Year Ended June 30, ..................... 2025 / 2025 / 2024 / 2024 / 2023 / 2023
Derivatives
Balance, beginning of period ............ $ / ( 3 / ) / $ / ( 27 / ) / $ / ( 13 / )
Unrealized gains (losses), net of tax of $ 20 , $( 4 ), and $ 9 ... 77 / ( 14 / ) / 34
Reclassification adjustments for (gains) losses included in other income (expense), net ... ( 103 / ) / 48 / ( 61 / )
Tax expense (benefit) included in provision for income taxes ... 21 / ( 10 / ) / 13
Amounts reclassified from accumulated other comprehensive loss ... ( 82 / ) / 38 / ( 48 / )
Net change related to derivatives, net of tax of $( 1 ) , $ 6 , and $( 4 ) ... ( 5 / ) / 24 / ( 14 / )
Balance, end of period .................. $ / ( 8 / ) / $ / ( 3 / ) / $ / ( 27 / )
Investments
Balance, beginning of period ............ $ / ( 2,625 / ) / $ / ( 3,582 / ) / $ / ( 2,138 / )
Unrealized gains (losses), net of tax of $ 411 , $ 247 , and $( 393 ) ... 1,560 / 915 / ( 1,523 / )
Reclassification adjustments for losses included in other income (expense), net ... 17 / 53 / 99
Tax benefit included in provision for income taxes ... ( 3 / ) / ( 11 / ) / ( 20 / )
Amounts reclassified from accumulated other comprehensive loss ... 14 / 42 / 79
Net change related to investments, net of tax of $ 414 , $ 258 , and $( 373 ) ... 1,574 / 957 / ( 1,444 / )
Balance, end of period .................. $ / ( 1,051 / ) / $ / ( 2,625 / ) / $ / ( 3,582 / )
Translation Adjustments and Other
Balance, beginning of period ............ $ / ( 2,962 / ) / $ / ( 2,734 / ) / $ / ( 2,527 / )
Translation adjustments and other, net of tax of $ 8 , $ 0 , and $ 0 ... 674 / ( 228 / ) / ( 207 / )
Balance, end of period .................. $ / ( 2,288 / ) / $ / ( 2,962 / ) / $ / ( 2,734 / )
Accumulated other comprehensive loss, end of period ... $ / ( 3,347 / ) / $ / ( 5,590 / ) / $ / ( 6,343 / )
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PART II