The dividend declared on June 15, 2011 was included in other current liabilities as of June 30, 2011.
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,
|
|
2012
|
|
|
2011
|
|
|
2010
|
|
|
|
|
|
Net Unrealized Gains (Losses) on Derivatives
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses), net of tax effects of $127, $(340), and $188
|
|
$
|
236
|
|
|
$
|
(632
|
)
|
|
$
|
349
|
|
Reclassification adjustment for losses (gains) included in net income, net of tax effects of $10, $2, and $(173)
|
|
|
19
|
|
|
|
5
|
|
|
|
(322
|
)
|
|
|
|
|
|
|
|
|
|
|
Net unrealized gains (losses) on derivatives
|
|
$
|
255
|
|
|
$
|
(627
|
)
|
|
$
|
27
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Net Unrealized Gains (Losses) on Investments
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Unrealized gains (losses), net of tax effects of $(93), $726, and $263
|
|
$
|
(172
|
)
|
|
$
|
1,349
|
|
|
$
|
488
|
|
Reclassification adjustment for gains included in net income, net of tax effects of $(117), $(159), and $(120)
|
|
|
(218
|
)
|
|
|
(295
|
)
|
|
|
(223
|
)
|
|
|
|
|
|
|
|
|
|
|
Net unrealized gains (losses) on investments
|
|
|
(390
|
)
|
|
|
1,054
|
|
|
|
265
|
|
|
|
|
|
|
|
|
|
|
|
Translation adjustments and other, net of tax effects of $(165), $205 and $(103)
|
|
|
(306
|
)
|
|
|
381
|
|
|
|
(206
|
)
|
|
|
|
|
|
|
|
|
|
|
Other comprehensive income (loss)
|
|
$
|
(441
|
)
|
|
$
|
808
|
|
|
$
|
86
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
The components of accumulated other comprehensive income were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
June 30,
|
|
2012
|
|
|
2011
|
|
|
2010
|
|
|
|
|
|
Net unrealized gains (losses) on derivatives
|
|
$
|
92
|
|
|
$
|
(163
|
)
|
|
$
|
464
|
|
Net unrealized gains on investments
|
|
|
1,431
|
|
|
|
1,821
|
|
|
|
767
|
|
Translation adjustments and other
|
|
|
(101
|
)
|
|
|
205
|
|
|
|
(176
|
)
|
|
|
|
|
|
|
|
|
|
|
Accumulated other comprehensive income
|
|
$
|
1,422
|
|
|
$
|
1,863
|
|
|
$
|
1,055
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
NOTE 20 — EMPLOYEE STOCK AND SAVINGS PLANS
We grant stock-based compensation to directors and employees. At June 30, 2012, an aggregate of 507 million shares were authorized for future grant under our stock plans, covering stock options, stock awards, and shared performance stock awards, and excluding shares reserved for issuance under our employee stock purchase plan. Awards that expire or are canceled without delivery of shares generally become available for issuance under the plans. We issue new shares of Microsoft common stock to satisfy exercises and vestings of awards granted under all of our stock plans.
Stock-based compensation expense and related income tax benefits were as follows:
|
|
|
|
|
|
|
|
|
|
|
|
|
(In millions)
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Year Ended June 30,
|
|
2012
|
|
|
2011
|
|
|
2010
|
|
|
|
|
|
Stock-based compensation expense
|
|
$
|
2,244
|
|
|
$
|
2,166
|
|
|
$
|
1,891
|
|
Income tax benefits related to stock-based compensation
|
|
$
|
785
|
|
|
$
|
758
|
|
|
$
|
662
|
|
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