NOTE 19 — OTHER COMPREHENSIVE INCOME
The activity in other comprehensive income and related income tax effects were as follows:
| (In millions) | ||||||
|---|---|---|---|---|---|---|
| Year Ended June 30, | 2010 | 2009 | 2008 | |||
| Net Unrealized Gains on Derivatives | ||||||
| Unrealized gains, net of tax effects of $188, $472, and $46 | $ | 349 | $ | 876 | $ | 86 |
| Reclassification adjustment for gains included in net income, net of tax effects of $(173), $(309), and $(36) | (322) | (574) | (68) | |||
| Net unrealized gains on derivatives | $ | 27 | $ | 302 | $ | 18 |
| Net Unrealized Gains (Losses) on Investments | ||||||
| Unrealized gains (losses), net of tax effects of $263, $(142), and $(234) | $ | 488 | $ | (263) | $ | (435) |
| Reclassification adjustment for losses (gains) included in net income, net of tax effects of $(120), $16, and $(117) | (223) | 30 | (218) | |||
| Net unrealized gains (losses) on investments | 265 | (233) | (653) | |||
| Translation adjustments and other, net of tax effects of $(103), $(133), and $69 | (206) | (240) | 121 | |||
| Other comprehensive income (loss) | $ | 86 | $ | (171) | $ | (514) |
The components of accumulated other comprehensive income were as follows: |
||||||
| (In millions) | ||||||
| Year Ended June 30, | 2010 | 2009 | 2008 | |||
| Net unrealized gains on derivatives | $ | 464 | $ | 437 | $ | 135 |
| Net unrealized gains on investments | 767 | 502 | 735 | |||
| Translation adjustments and other | (176) | 30 | 270 | |||
| Accumulated other comprehensive income | $ | 1,055 | $ | 969 | $ | 1,140 |