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,

 


     2012     2011     2012     2011  

Dividends and interest income

   $   180      $   216      $   573      $   631   

Interest expense

     (95     (84     (284     (201

Net recognized gains on investments

     34        187        352        339   

Net gains (losses) on derivatives

     (102     (65     (278     38   

Net gains (losses) on foreign currency remeasurements

     (8     55        (52     (14

Other

     (20     7        26        (31


 


 


 


Total

   $ (11   $ 316      $ 337      $ 762   
    


 


 


 


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

 

(In millions)   

Three Months Ended

March 31,

   

Nine Months Ended

March 31,

 


     2012     2011     2012     2011  

Other-than-temporary impairments of investments

   $   (82   $ (15   $ (234   $ (42

Realized gains from sales of available-for-sale securities

     232        244        1,075        559   

Realized losses from sales of available-for-sale securities

     (116     (42     (489     (178


 


 


 


Total

   $ 34      $   187      $   352      $   339