United states



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Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 






















Non-designated hedge derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

(60

)

 

$

(17

)

 

$

(33

)

 

$

(41

)

 

$

(5

)

 

$

(156

)

Designated hedge derivatives:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other current liabilities

 

$

(9

)

 

$

0

 

 

$

0

 

 

$

0

 

 

$

0

 

 

$

(9

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

$

(69

)

 

$

(17

)

 

$

(33

)

 

$

(41

)

 

$

(5

)

 

$

(165

)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

See also Note 4 – Investments and Note 6 – Fair Value Measurements.



Fair Value Hedge Gains (Losses)

We recognized in other income (expense) the following gains (losses) related to fair value hedges and their related hedged items:



 








































(In millions)

 

 

 

 

 

 

 

 

 

 

 













Year Ended June 30,

 

2011

 

 

2010

 

 

2009

 













Foreign Exchange Contracts

 

 

 

 

 

 

 

 

 













Derivatives

 

$

(92

)

 

$

(57

)

 

$

   121

 

Hedged items

 

 

85

 

 

 

60

 

 

 

(120

)

 

 

 

 

 

 

 

 

 

 

Total

 

$

     (7



 

$

     3

 

 

$

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 













Equity Contracts

 

 

 

 

 

 

 

 

 













Derivatives

 

$

0

 

 

$

0

 

 

$

191

 

Hedged items

 

 

0

 

 

 

0

 

 

 

(211

)

 

 

 

 

 

 

 

 

 

 

Total

 

$

0

 

 

$

0

 

 

$

(20

)

 

 

 

 

 

 

 

 

 

 

 

 

 


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