NOTE 3 — OTHER INCOME (EXPENSE), NET
The components of other income (expense), net were as follows:
|
(In millions) |
|
|
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Three Months Ended September 30, |
|
2018 |
|
|
2017 |
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|
|
|
|
|
|
|
|
|
|
|
Interest and dividends income |
|
$ |
681 |
|
|
$ |
473 |
|
|
Interest expense |
|
|
(674 |
) |
|
|
(672 |
) |
|
Net recognized gains on investments |
|
|
243 |
|
|
|
573 |
|
|
Net losses on derivatives |
|
|
(3 |
) |
|
|
(50 |
) |
|
Net gains (losses) on foreign currency remeasurements |
|
|
5 |
|
|
|
(9 |
) |
|
Other, net |
|
|
14 |
|
|
|
(39 |
) |
|
|
|
|
|
|
|
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|
|
|
|
|
|
|
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|
Total |
|
$ |
266 |
|
|
$ |
276 |
|
|
|
|
|
|
|
|
|
|
|
Net Recognized Gains (Losses) on Investments
Net recognized gains (losses) on debt investments were as follows:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
Three Months Ended September 30, |
|
2018 |
|
|
2017 |
|||
|
|
|
|
|
|
|
|
|
|
|
Realized gains from sales of available-for-sale securities |
|
$ |
7 |
|
|
$ |
13 |
|
|
Realized losses from sales of available-for-sale securities |
|
|
(85 |
) |
|
|
(80 |
) |
|
Other-than-temporary impairments of investments |
|
|
0 |
|
|
|
(1 |
) |
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
(78 |
) |
|
$ |
(68 |
) |
|
|
|
|
|
|
|
|
|
|
Net recognized gains (losses) on equity investments were as follows:
|
(In millions) |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|||
|
Three Months Ended September 30, |
|
2018 |
|
|
2017 |
|||
|
|
|
|
|
|
|
|
|
|
|
Net realized gains on investments sold |
|
$ |
203 |
|
|
$ |
646 |
|
|
Net unrealized gains on investments still held |
|
|
118 |
|
|
|
0 |
|
|
Other-than-temporary impairments of investments |
|
|
0 |
|
|
|
(5 |
) |
|
|
|
|
|
|
|
|||
|
|
|
|
|
|
|
|||
|
Total |
|
$ |
321 |
|
|
$ |
641 |
|
|
|
|
|
|
|
|
|
|
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