NOTE 3 — OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|||
|
|
|
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|
|
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|
Year Ended June 30, |
|
2017 |
|
|
2016 |
|
|
2015 |
|
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|
|
|
|
|
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|
Dividends and interest income |
|
$ |
1,387 |
|
|
$ |
903 |
|
|
$ |
766 |
|
|
Interest expense |
|
|
(2,222 |
) |
|
|
(1,243 |
) |
|
|
(781 |
) |
|
Net recognized gains on investments |
|
|
2,583 |
|
|
|
668 |
|
|
|
716 |
|
|
Net losses on derivatives |
|
|
(510 |
) |
|
|
(443 |
) |
|
|
(423 |
) |
|
Net gains (losses) on foreign currency remeasurements |
|
|
(164 |
) |
|
|
(121 |
) |
|
|
335 |
|
|
Other, net |
|
|
(251 |
) |
|
|
(195 |
) |
|
|
(267 |
) |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
823 |
|
|
$ |
(431 |
) |
|
$ |
346 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Following are details of net recognized gains (losses) on investments during the periods reported:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|||
|
|
|
|||||||||||
|
|
|
|
|
|
||||||||
|
Year Ended June 30, |
|
2017 |
|
|
2016 |
|
|
2015 |
|
|||
|
|
|
|
|
|||||||||
|
Other-than-temporary impairments of investments |
|
$ |
(55 |
) |
|
$ |
(322 |
) |
|
$ |
(183 |
) |
|
Realized gains from sales of available-for-sale securities |
|
|
3,064 |
|
|
|
1,376 |
|
|
|
1,176 |
|
|
Realized losses from sales of available-for-sale securities |
|
|
(426 |
) |
|
|
(386 |
) |
|
|
(277 |
) |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
2,583 |
|
|
$ |
668 |
|
|
$ |
716 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|