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,

 


     2013     2012     2013     2012  

Dividends and interest income

   $ 150      $ 180      $ 475      $ 573   

Interest expense

       (109     (95       (309       (284

Net recognized gains on investments

     57        34        85        352   

Net losses on derivatives

     (5       (102     (66     (278

Net losses on foreign currency remeasurements

     (22     (8     (58     (52

Other

     (80     (20     89        26   


 


 


 


Total

   $ (9   $ (11   $ 216      $ 337   
    


 


 


 


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,

 


     2013     2012     2013     2012  

Other-than-temporary impairments of investments

   $     (22   $ (82   $   (152   $ (234

Realized gains from sales of available-for-sale securities

     113        232        323          1,075   

Realized losses from sales of available-for-sale securities

     (34       (116     (86     (489


 


 


 


Total

   $ 57      $ 34      $ 85      $ 352