Microsoft 2009 Annual Report Download - page 71

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PAGE 71
NOTE 19 OTHER COMPREHENSIVE INCOME
The activity in other comprehensive income and related income tax effects were as follows:
(In millions)
Y
ear Ended June 30, 2009
2008 2007
Net unrealized gains on derivatives:
Unrealized gains, net of tax effects of $472, $46, and $66 $ 876
$ 86 $123
Reclassification adjustment for gains included in net income, net of tax effects of
$(309), $(36), and $(59) (574 )
(68) (109)
Net unrealized gains on derivatives 302
18 14
Net unrealized gains (losses) on investments:
Unrealized gains (losses), net of tax effects of $(142), $(234), and $393 (263 )
(435) 730
Reclassification adjustment for losses (gains) included in net income, net of tax
effects of $16, $(117), and $(217) 30
(218) (404)
Net unrealized gains (losses) on investments (233 )
(653) 326
Translation adjustments and other (240 )
121 85
Other comprehensive income (loss) $(171 )
$(514) $425
The components of accumulated other comprehensive income were as follows:
(In millions)
Y
ear Ended June 30, 2009
2008 2007
Net unrealized gains on derivatives $437
$
135
$
117
Net unrealized gains on investments 502
735 1,388
Translation adjustments and other 30
270 149
Accumulated other comprehensive income $969
$
1,140
$
1,654
NOTE 20 EMPLOYEE STOCK AND SAVINGS PLANS
Stock-based compensation expense and related income tax benefits were as follows:
(In millions) 2009
2008 2007
Y
ear Ended June 30,
Total stock-based compensation expense $1,708
$
1,479 $1,550
Income tax benefits related to stock-based compensation $ 598
$
518 $ 542