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 | ||||||
|
|
|
|
|
|
|
|
|
|
||||