Microsoft 2012 Annual Report Download - page 74

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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