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PAGE 60
NOTES TO FINANCIAL STATEMENTS (CONTINUED)
In fiscal year 2008, our Board of Directors declared the following dividends:
Declaration Date
Dividend
Per Share Record Date
Total
A
mount
(in millions)
Payment Date
September 12, 2007 $0.11 November 15, 2007 $
1
,034 December 13, 2007
December 19, 2007 $0.11 February 21, 2008 $
1
,023 March 13, 2008
March 17, 2008 $0.11 May 15, 2008 $
1
,020 June 12, 2008
June 11, 2008 $0.11 August 21, 2008 $
1
,007(1) September 11, 2008
(1) The dividend declared on June 11, 2008 will be paid after the filing date of this report on Form 10-K and was
included in other current liabilities as of June 30, 2008.
In fiscal year 2007, our Board of Directors declared the following dividends:
Declaration Date
Dividend
Per Share Record Date
Total
A
mount
(in millions)
Payment Date
September 13, 2006 $0.10 November 16, 2006 $980 December 14, 2006
December 20, 2006 $0.10 February 15, 2007 $978 March 8, 2007
March 26, 2007 $0.10 May 17, 2007 $952 June 14, 2007
June 27, 2007 $0.10 August 16, 2007 $938(1) September 13, 2007
(1) The dividend declared on June 27, 2007 was included in other current liabilities as of June 30, 2007.
NOTE 17 OTHER COMPREHENSIVE INCOME
The activity in other comprehensive income and related income tax effects were as follows:
(In millions)
Y
ear Ended June 30, 2008
2007 2006
Net unrealized gains on derivative instruments:
Unrealized gains, net of tax effect of $46 in 2008, $66 in 2007, and $107 in 2006 $ 86
$ 123 $ 199
Reclassification adjustment for gains included in net income, net of tax effect of
$(36) in 2008, $(59) in 2007, and $(66) in 2006 (68)
(109) (123)
Net unrealized gains on derivative instruments 18
14 76
Net unrealized gains (losses) on investments:
Unrealized gains (losses), net of tax effect of $(234) in 2008, $393 in 2007, and
$(105) in 2006 (435)
730 (195)
Reclassification adjustment for gains included in net income, net of tax effect of
$(117) in 2008, $(217) in 2007, and $(47) in 2006 (218)
(404) (87)
Net unrealized gains (losses) on investments (653)
326 (282)
Translation adjustments and other 121
85 9
Other comprehensive income (loss) $ (514)
$ 425 $(197)
The components of accumulated other comprehensive income were as follows:
(In millions)
Y
ear Ended June 30, 2008
2007 2006
Net unrealized gains on derivative instruments $ 135 $ 117 $103
Net unrealized gains on investments 735 1,388 1,062
Translation adjustments and other 270 149 64
Accumulated other comprehensive income $
1
,140 $1,654 $1,229