|
 |
NOTE 12 OTHER COMPREHENSIVE INCOME
The activity in other comprehensive income and related tax effects are as follows:
| (In millions) |
| Year Ended June 30 |
2002 |
|
2003 |
|
2004 |
| Net gains/(losses) on derivative instruments: |
Unrealized gains/(losses), net of tax effect of $30 in 2002, $(69) in 2003 and
$49 in 2004 |
$(1,755) |
|
$1(129) |
|
$1,7(92) |
Reclassification adjustment for (gains)/losses included in net income, net of tax
effect of $(79) in 2002, $15 in 2003 and $5 in 2004 |
(146) |
|
27) |
|
9) |
| Net gains/(losses) on derivative instruments |
(91) |
|
(102) |
|
101) |
| Net unrealized investment gains/(losses): |
Unrealized holding gains/(losses), net of tax effect of $(955) in 2002, $610 in
2003 and $(994) in 2004 |
(1,774) |
|
1,132) |
|
(1,846) |
Reclassification adjustment for (gains)/losses included in net income, net of tax
effect of $958 in 2002, $60 in 2003 and $524 in 2004 |
1,779) |
|
111) |
|
973) |
| Net unrealized investment gains/(losses) |
5) |
|
1,243) |
|
(873) |
| Translation adjustments and other |
82) |
|
116) |
|
51) |
| Other comprehensive income/(loss) |
$1,73(4) |
|
$1,257) |
|
$1,(721) |
The components of accumulated other comprehensive income were:
| (In millions) |
2003 |
|
2004 |
| Year Ended June 30 |
| |
| Net gains/ (losses) on derivative instruments |
$18(16) |
|
$18485 |
| Net unrealized investment gains |
1,846) |
|
973 |
| Translation adjustments and other |
10) |
|
61 |
| Accumulated other comprehensive income |
$1,840) |
|
$1,119 |
  
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|
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