Notes to Financial Statements

NOTE 3 — OTHER INCOME (EXPENSE)

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

 

(In millions)                   


Year Ended June 30,    2013     2012     2011  

Dividends and interest income

   $ 677      $ 800      $ 900   

Interest expense

     (429     (380     (295

Net recognized gains on investments

     116        564        439   

Net losses on derivatives

     (196     (364     (77

Net losses on foreign currency remeasurements

     (74     (117     (26

Other

     194        1        (31


 


 


Total

   $    288      $    504      $    910   
    


 


 


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

 

(In millions)                   


Year Ended June 30,    2013     2012     2011  

Other-than-temporary impairments of investments

   $ (208   $ (298   $ (80

Realized gains from sales of available-for-sale securities

     489          1,418        734   

Realized losses from sales of available-for-sale securities

     (165     (556     (215


 


 


Total

   $    116      $ 564      $    439