Other Income (Expense)
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 |