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,    2012     2011     2010  

Dividends and interest income

   $ 800      $ 900      $ 843   

Interest expense

       (380       (295       (151

Net recognized gains on investments

     564        439        348   

Net losses on derivatives

     (364     (77     (140

Net gains (losses) on foreign currency remeasurements

     (117     (26     1   

Other

     1        (31     14   


 


 


Total

   $ 504      $ 910      $ 915   
    


 


 


 

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

 

(In millions)                   


Year Ended June 30,    2012     2011     2010  

Other-than-temporary impairments of investments

   $ (298   $ (80   $ (69

Realized gains from sales of available-for-sale securities

       1,418        734        605   

Realized losses from sales of available-for-sale securities

     (556     (215     (188


 


 


Total

   $ 564      $      439      $      348