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

December 31,

   

Six Months Ended

December 31,

 


     2013     2012     2013     2012  

Dividends and interest income

   $ 219      $ 166      $ 398      $ 325   

Interest expense

       (135       (105       (253       (200

Net recognized gains on investments

     70        43        63        28   

Net losses on derivatives

     (117     (65     (203     (61

Net gains (losses) on foreign currency remeasurements

     (17     (7     9        (36

Other

     (111     (33     (31     169   


 


 


 


Total

   $ (91   $ (1   $ (17   $ 225   
    


 


 


 


 

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

 

(In millions)   

Three Months Ended

December 31,

   

Six Months Ended

December 31,

 


     2013     2012     2013     2012  

Other-than-temporary impairments of investments

   $ (30   $ (40   $ (66   $   (130

Realized gains from sales of available-for-sale securities

        144           109        258        210   

Realized losses from sales of available-for-sale securities

     (44     (26       (129     (52


 


 


 


Total

   $ 70      $ 43      $ 63      $ 28