NOTE 11 ACCUMULATED OTHER COMPREHENSIVE INCOME/(LOSS) The table below presents the changes in Accumulated other comprehensive income/(loss) attributable to Procter & Gamble (AOCI), including the reclassifications ou t of AOCI by component: Changes in Accumulated Other Comprehensive Income/(Loss) by Component Investment Securities Post - retirement Benefit Plans Foreign Currency Translation Total AOCI BALANCE at JUNE 30, 2020 $ (1) $ (4,350) $ (11,814) $ (16,165) OCI before reclassifications (1) 20 1,046 1,023 2,089 Amounts reclassified to the Consolidated Statement of Earnings (2) (4) 340 — 336 Net current period OCI 16 1,386 1,023 2,425 Less: OCI attributable to non - controlling interests — (1) 5 4 BALANCE at JUNE 30, 2021 15 (2,963) (10,796) (13,744) OCI before reclassifications (3) 4 2,797 (1,451) 1,350 Amounts reclassified to the Consolidated Statement of Earnings (4) 1 195 1 197 Net current period OCI 5 2,992 (1,450) 1,547 Less: OCI attributable to non - controlling interests — 2 (10) (8) BALANCE at JUNE 30, 2022 $ 20 $ 27 $ (12,236) $ (12,189) (1) Net of tax (benefit)/expense of $5, $345 and $(266) for gains/losses on investment securities, postretirement benefit plans a nd foreign currency translation, respectiv ely, for the period ended June 30, 2021. Income tax effects within foreign currency translation include impacts from items such as net investment hedge transactions. Foreign cumulative translation is not adjusted for income taxe s related to permanent inv estments in international subsidiaries. (2) Net of tax (benefit)/expense of $0, $100 and $0 for gains/losses on investment securities, postretirement benefit plans and f oreign currency translation, respectively, for the period ended June 30, 2021. (3) Net of tax ( benefit)/expense of $1, $953 and $515 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. Income tax effects within foreign currency translation includ e impacts from items such as net investment hedge transactions. Foreign cumulative translation is not adjusted for income taxe s related to permanent investments in international subsidiaries. (4) Net of tax (benefit)/expense of $0, $69 and $0 for gains/losses on investment securities, postretirement benefit plans and foreign currency translation, respectively, for the period ended June 30, 2022. The below provides additional details on amounts reclassified from AOCI into the Consolidated Statement of Earnings: • Investment securities: amounts reclassified from AOCI into Other non - operating income, net. • Postretirement benefit plans: amounts reclassified from AOCI into Other non - operating income, net and included in the computation of net periodic po stretirement costs (see Note 8). Amounts in millions of dollars except per share amounts or as otherwise specified. The Procter & Gamble Company 61