Other income (expense)


Notes to Financial Statements

NOTE 3    OTHER INCOME (EXPENSE)

The components of other income (expense) were as follows:

 

(In millions)             


Three Months Ended September 30,    2012     2011  

Dividends and interest income

   $   159      $   211   

Interest expense

     (95     (94

Net recognized gains (losses) on investments

     (15     3   

Net gains on derivatives

     4        27   

Net losses on foreign currency remeasurements

     (29     (40

Other

     202        (4


 


Total

   $ 226      $ 103   
    


 


Other income for the three months ended September 30, 2012 included a gain recognized upon the divestiture of our 50% share in the MSNBC joint venture on July 13, 2012.

Following are details of net recognized gains (losses) on investments during the periods reported:

 

(In millions)             


Three Months Ended September 30,    2012     2011  

Other-than-temporary impairments of investments

   $ (90   $ (45

Realized gains from sales of available-for-sale securities

       101          200   

Realized losses from sales of available-for-sale securities

     (26     (152


 


Total

   $ (15   $ 3