NOTE 3 — OTHER INCOME (EXPENSE)
The components of other income (expense) were as follows:
| (In millions) |
Three Months Ended December 31, |
Six Months Ended December 31, |
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| 2014 | 2013 | 2014 | 2013 | |||||||||||||
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Dividends and interest income |
$ | 183 | $ | 219 | $ | 408 | $ | 398 | ||||||||
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Interest expense |
(162 | ) | (135 | ) | (323 | ) | (253 | ) | ||||||||
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Net recognized gains on investments |
317 | 70 | 396 | 63 | ||||||||||||
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Net losses on derivatives |
(138 | ) | (117 | ) | (272 | ) | (203 | ) | ||||||||
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Net gains (losses) on foreign currency remeasurements |
83 | (17 | ) | 161 | 9 | |||||||||||
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Other |
(209 | ) | (111 | ) | (244 | ) | (31 | ) | ||||||||
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Total |
$ | 74 | $ | (91 | ) | $ | 126 | $ | (17 | ) | ||||||
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Following are details of net recognized gains on investments during the periods reported:
| (In millions) |
Three Months Ended December 31, |
Six Months Ended December 31, |
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| 2014 | 2013 | 2014 | 2013 | |||||||||||||
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Other-than-temporary impairments of investments |
$ | (26 | ) | $ | (30 | ) | $ | (35 | ) | $ | (66 | ) | ||||
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Realized gains from sales of available-for-sale securities |
421 | 144 | 539 | 258 | ||||||||||||
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Realized losses from sales of available-for-sale securities |
(78 | ) | (44 | ) | (108 | ) | (129 | ) | ||||||||
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Total |
$ | 317 | $ | 70 | $ | 396 | $ | 63 | ||||||||
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