MICROSOFT CORP | 2013 | FY | 3


NOTE 19 — OTHER COMPREHENSIVE INCOME (LOSS)

The activity in other comprehensive income (loss) and related income tax effects were as follows:

 

(In millions)                   


Year Ended June 30,    2013     2012     2011  
Net Unrealized Gains (Losses) on Derivatives                   

Unrealized gains (losses), net of tax effects of $54, $127, and $(340)

   $ 101      $ 236      $ (632 ) 

Reclassification adjustment for losses (gains) included in net income, net of tax effects of $(68), $10, and $2

     (127 )      19        5   


 


 


Net unrealized gains (losses) on derivatives

   $ (26 )    $ 255      $ (627 ) 


 


 


Net Unrealized Gains (Losses) on Investments                   

Unrealized gains (losses), net of tax effects of $244, $(93), and $726

   $ 453      $ (172 )    $ 1,349   

Reclassification adjustment for gains included in net income, net of tax effects of $(49), $(117), and $(159)

     (90 )      (218 )      (295 ) 


 


 


Net unrealized gains (losses) on investments

     363        (390 )      1,054   


 


 


Translation adjustments and other, net of tax effects of $(8), $(165) and $205

     (16 )      (306 )      381   


 


 


Other comprehensive income (loss)

   $    321      $   (441)      $    808   
    


 


 


 

The components of accumulated other comprehensive income were as follows:

 

(In millions)                   


June 30,    2013     2012     2011  

Net unrealized gains (losses) on derivatives

   $ 66      $ 92      $ (163 ) 

Net unrealized gains on investments

     1,794        1,431        1,821   

Translation adjustments and other

     (117 )      (101 )      205   


 


 


Accumulated other comprehensive income

   $   1,743      $   1,422      $   1,863   
    


 


 



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