Other income (expense)


Notes to Financial Statements

NOTE 3 — OTHER INCOME (EXPENSE)

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

 

(In millions)                   


Year Ended June 30,    2011     2010     2009  

Dividends and interest income

   $ 900      $ 843      $    744   

Interest expense

        (295        (151     (38

Net recognized gains (losses) on investments

     439        348        (125

Net losses on derivatives

     (77     (140     (558

Net gains (losses) on foreign currency remeasurements

     (26     1        (509

Other

     (31     14        (56


 


 


Total

   $ 910      $ 915      $ (542
    


 


 


 

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

 

(In millions)                   


Year Ended June 30,    2011     2010     2009  

Other-than-temporary impairments of investments

   $ (80   $ (69   $ (862

Realized gains from sales of available-for-sale securities

     734        605          1,634   

Realized losses from sales of available-for-sale securities

        (215        (188     (897


 


 


Total

   $ 439      $ 348      $ (125