NOTE 3 — OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|||
|
|
|
|||||||||||
|
|
|
|||||||||||
|
Year Ended June 30, |
|
2018 |
|
|
2017 |
|
|
2016 |
|
|||
|
|
|
|
|
|||||||||
|
Dividends and interest income |
|
$ |
2,214 |
|
|
$ |
1,387 |
|
|
$ |
903 |
|
|
Interest expense |
|
|
(2,733 |
) |
|
|
(2,222 |
) |
|
|
(1,243 |
) |
|
Net recognized gains on investments |
|
|
2,399 |
|
|
|
2,583 |
|
|
|
668 |
|
|
Net losses on derivatives |
|
|
(187 |
) |
|
|
(510 |
) |
|
|
(443 |
) |
|
Net losses on foreign currency remeasurements |
|
|
(218 |
) |
|
|
(111 |
) |
|
|
(129 |
) |
|
Other, net |
|
|
(59 |
) |
|
|
(251 |
) |
|
|
(195 |
) |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
1,416 |
|
|
$ |
876 |
|
|
$ |
(439 |
) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Following are details of net recognized gains (losses) on investments during the periods reported:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|||
|
|
|
|||||||||||
|
|
|
|
|
|
||||||||
|
Year Ended June 30, |
|
2018 |
|
|
2017 |
|
|
2016 |
|
|||
|
|
|
|
|
|||||||||
|
Other-than-temporary impairments of investments |
|
$ |
(47 |
) |
|
$ |
(55 |
) |
|
$ |
(322 |
) |
|
Realized gains from sales of available-for-sale securities |
|
|
3,478 |
|
|
|
3,064 |
|
|
|
1,376 |
|
|
Realized losses from sales of available-for-sale securities |
|
|
(1,032 |
) |
|
|
(426 |
) |
|
|
(386 |
) |
|
|
|
|
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
2,399 |
|
|
$ |
2,583 |
|
|
$ |
668 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|