NOTE 3 — OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
|
(In millions) |
|
Three Months Ended December 31, |
|
|
Six Months Ended December 31, |
|
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|
|
|
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|
|
|
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|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
||||
|
|
|
|
|
|
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|
Dividends and interest income |
|
$ |
311 |
|
|
$ |
200 |
|
|
$ |
604 |
|
|
$ |
399 |
|
|
Interest expense |
|
|
(521 |
) |
|
|
(309 |
) |
|
|
(958 |
) |
|
|
(558 |
) |
|
Net recognized gains on investments |
|
|
698 |
|
|
|
106 |
|
|
|
1,103 |
|
|
|
108 |
|
|
Net losses on derivatives |
|
|
(46 |
) |
|
|
(156 |
) |
|
|
(140 |
) |
|
|
(259 |
) |
|
Net gains (losses) on foreign currency remeasurements |
|
|
(82 |
) |
|
|
2 |
|
|
|
(134 |
) |
|
|
(34 |
) |
|
Other |
|
|
(174 |
) |
|
|
(14 |
) |
|
|
(189 |
) |
|
|
(107 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
186 |
|
|
$ |
(171 |
) |
|
$ |
286 |
|
|
$ |
(451 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Following are details of net recognized gains (losses) on investments during the periods reported:
|
(In millions) |
|
Three Months Ended December 31, |
|
|
Six Months Ended December 31, |
|
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|
|
|
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|
|
|
|
|
|
||||||||||||
|
|
|
2016 |
|
|
2015 |
|
|
2016 |
|
|
2015 |
|
||||
|
|
|
|
|
|
||||||||||||
|
Other-than-temporary impairments of investments |
|
$ |
(21 |
) |
|
$ |
(127 |
) |
|
$ |
(39 |
) |
|
$ |
(162 |
) |
|
Realized gains from sales of available-for-sale securities |
|
|
851 |
|
|
|
351 |
|
|
|
1,334 |
|
|
|
458 |
|
|
Realized losses from sales of available-for-sale securities |
|
|
(132 |
) |
|
|
(118 |
) |
|
|
(192 |
) |
|
|
(188 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
698 |
|
|
$ |
106 |
|
|
$ |
1,103 |
|
|
$ |
108 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|