Other Comprehensive Income
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, | 2011 | 2010 | 2009 | ||
| Net Unrealized Gains on Derivatives | |||||
| Unrealized gains (losses), net of tax effects of $(340), $188, and $472 | $ (632) | $ 349 | $ 876 | ||
| Reclassification adjustment for gains included in net income, net of tax effects of $2, $(173), and $(309) |
5 | (322) | (574) | ||
| Net unrealized gains on derivatives | $ (627) | $ 27 | $ 302 | ||
| Net Unrealized Gains (Losses) on Investments | |||||
| Unrealized gains (losses), net of tax effects of $726, $263, and $(142) | $ 1,349 | $ 488 | $ (263) | ||
| Reclassification adjustment for losses (gains) included in net income, net of tax effects of $(159), $(120), and $16 |
(295) | (223) | 30 | ||
| Net unrealized gains (losses) on investments | 1,054 | 265 | (233) | ||
| Translation adjustments and other, net of tax effects of $205, $(103) and $(133) | 381 | (206) | (240 ) | ||
| Other comprehensive income (loss) | $ 808 | $ 86 | $ (171) |
The components of accumulated other comprehensive income were as follows:
| (In millions) | |||||
| Year Ended June 30, | 2011 | 2010 | 2009 | ||
| Net unrealized gains (losses) on derivatives | $ (163 ) | $ 464 | $ 437 | ||
| Net unrealized gains on investments | 1,821 | 767 | 502 | ||
| Translation adjustments and other | 205 | (176 ) | 30 | ||
| Accumulated other comprehensive income | $ 1,863 | $ 1,055 | $ 969 |
