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, |
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| 2012 | 2011 | 2012 | 2011 | |||||||||||||
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Dividends and interest income |
$ | 180 | $ | 216 | $ | 573 | $ | 631 | ||||||||
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Interest expense |
(95 | ) | (84 | ) | (284 | ) | (201 | ) | ||||||||
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Net recognized gains on investments |
34 | 187 | 352 | 339 | ||||||||||||
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Net gains (losses) on derivatives |
(102 | ) | (65 | ) | (278 | ) | 38 | |||||||||
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Net gains (losses) on foreign currency remeasurements |
(8 | ) | 55 | (52 | ) | (14 | ) | |||||||||
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Other |
(20 | ) | 7 | 26 | (31 | ) | ||||||||||
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Total |
$ | (11 | ) | $ | 316 | $ | 337 | $ | 762 | |||||||
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Following are details of net recognized gains on investments during the periods reported:
| (In millions) |
Three Months Ended March 31, |
Nine Months Ended March 31, |
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| 2012 | 2011 | 2012 | 2011 | |||||||||||||
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Other-than-temporary impairments of investments |
$ | (82 | ) | $ | (15 | ) | $ | (234 | ) | $ | (42 | ) | ||||
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Realized gains from sales of available-for-sale securities |
232 | 244 | 1,075 | 559 | ||||||||||||
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Realized losses from sales of available-for-sale securities |
(116 | ) | (42 | ) | (489 | ) | (178 | ) | ||||||||
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Total |
$ | 34 | $ | 187 | $ | 352 | $ | 339 | ||||||||
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