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

March 31,

   

Nine Months Ended

March 31,

 


     2014     2013     2014     2013  

Dividends and interest income

   $ 220      $ 150      $ 618      $ 475   

Interest expense

       (175       (109       (428       (309

Net recognized gains on investments

     90        57        153        85   

Net losses on derivatives

     (50     (5     (253     (66

Net losses on foreign currency remeasurements

     (30     (22     (21     (58

Other

     (72     (80     (103     89   


 


 


 


Total

   $ (17   $ (9   $ (34   $ 216   
    


 


 


 


 

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

 

(In millions)   

Three Months Ended

March 31,

   

Nine Months Ended

March 31,

 


     2014     2013     2014     2013  

Other-than-temporary impairments of investments

   $ (16   $ (22   $ (82   $ (152

Realized gains from sales of available-for-sale securities

       164          113          422          323   

Realized losses from sales of available-for-sale securities

     (58     (34     (187     (86


 


 


 


Total

   $ 90      $ 57      $ 153      $ 85