NOTE 3 — OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
(In millions) |
|
Three Months Ended March 31, |
|
|
Nine Months Ended March 31, |
|
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|
|
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|
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|
|
2017 |
|
|
2016 |
|
|
2017 |
|
|
2016 |
|
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|
|
|
|
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Dividends and interest income |
|
$ |
380 |
|
|
$ |
230 |
|
|
$ |
984 |
|
|
$ |
629 |
|
Interest expense |
|
|
(609 |
) |
|
|
(340 |
) |
|
|
(1,567 |
) |
|
|
(898 |
) |
Net recognized gains on investments |
|
|
790 |
|
|
|
85 |
|
|
|
1,893 |
|
|
|
193 |
|
Net losses on derivatives |
|
|
(200 |
) |
|
|
(155 |
) |
|
|
(340 |
) |
|
|
(414 |
) |
Net losses on foreign currency remeasurements |
|
|
0 |
|
|
|
(18 |
) |
|
|
(134 |
) |
|
|
(52 |
) |
Other, net |
|
|
(39 |
) |
|
|
(49 |
) |
|
|
(228 |
) |
|
|
(156 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total |
|
$ |
322 |
|
|
$ |
(247 |
) |
|
$ |
608 |
|
|
$ |
(698 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Following are details of net recognized gains (losses) on investments:
(In millions) |
|
Three Months Ended March 31, |
|
|
Nine Months Ended March 31, |
|
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|
|
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|
|
|
|
|
||||||||||||
|
|
2017 |
|
|
2016 |
|
|
2017 |
|
|
2016 |
|
||||
|
|
|
|
|
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Other-than-temporary impairments of investments |
|
$ |
(15 |
) |
|
$ |
(86 |
) |
|
$ |
(54 |
) |
|
$ |
(248 |
) |
Realized gains from sales of available-for-sale securities |
|
|
938 |
|
|
|
282 |
|
|
|
2,272 |
|
|
|
740 |
|
Realized losses from sales of available-for-sale securities |
|
|
(133 |
) |
|
|
(111 |
) |
|
|
(325 |
) |
|
|
(299 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
Total |
|
$ |
790 |
|
|
$ |
85 |
|
|
$ |
1,893 |
|
|
$ |
193 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|