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, |
|
||||||||||
|
|
|
|||||||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||
|
|
|
2017 |
|
|
2016 |
|
|
2017 |
|
|
|
2016 |
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Dividends and interest income |
|
$ |
530 |
|
|
$ |
311 |
|
|
$ |
1,003 |
|
|
$ |
604 |
|
|
Interest expense |
|
|
(698 |
) |
|
|
(521 |
) |
|
|
(1,370 |
) |
|
|
(958 |
) |
|
Net recognized gains on investments |
|
|
768 |
|
|
|
698 |
|
|
|
1,341 |
|
|
|
1,103 |
|
|
Net losses on derivatives |
|
|
(84 |
) |
|
|
(46 |
) |
|
|
(134 |
) |
|
|
(140 |
) |
|
Net losses on foreign currency remeasurements |
|
|
(60 |
) |
|
|
(153 |
) |
|
|
(69 |
) |
|
|
(193 |
) |
|
Other, net |
|
|
34 |
|
|
|
(172 |
) |
|
|
(5 |
) |
|
|
(187 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
490 |
|
|
$ |
117 |
|
|
$ |
766 |
|
|
$ |
229 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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, |
|
||||||||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
||||
|
|
|
2017 |
|
|
2016 |
|
|
2017 |
|
|
2016 |
|
||||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Other-than-temporary impairments of investments |
|
$ |
(24 |
) |
|
$ |
(21 |
) |
|
$ |
(30 |
) |
|
$ |
(39 |
) |
|
Realized gains from sales of available-for-sale securities |
|
|
1,066 |
|
|
|
851 |
|
|
|
1,737 |
|
|
|
1,334 |
|
|
Realized losses from sales of available-for-sale securities |
|
|
(274 |
) |
|
|
(132 |
) |
|
|
(366 |
) |
|
|
(192 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
768 |
|
|
$ |
698 |
|
|
$ |
1,341 |
|
|
$ |
1,103 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|