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,

 


     2012     2011     2012     2011  

Dividends and interest income

   $ 166      $ 182      $ 325      $ 393   

Interest expense

       (105     (95       (200       (189

Net recognized gains on investments

     43        315        28        318   

Net losses on derivatives

     (65       (203     (61     (176

Net losses on foreign currency remeasurements

     (7     (4     (36     (44

Other

     (33     50        169        46   


 


 


 


Total

   $ (1   $ 245      $ 225      $ 348   
    


 


 


 


Other income for the six months ended December 31, 2012 included a gain recognized upon the divestiture of our 50% share in the MSNBC joint venture on July 13, 2012.

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,

 


     2012     2011     2012     2011  

Other-than-temporary impairments of investments

   $    (40   $   (107   $   (130   $   (152

Realized gains from sales of available-for-sale securities

     109        643        210        843   

Realized losses from sales of available-for-sale securities

     (26     (221     (52     (373


 


 


 


Total

   $ 43      $ 315      $ 28      $ 318