NOTE
3 — OTHER INCOME (EXPENSE), NET
The components of other
income (expense), net were as follows:
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| (In millions) |
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Three Months Ended
March 31,
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Nine Months Ended
March 31,
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2016 |
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2015 |
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2016 |
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2015 |
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Dividends and interest
income
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$ |
230 |
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$ |
160 |
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$ |
629 |
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$ |
568 |
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Interest expense
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(340 |
) |
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(211 |
) |
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(898 |
) |
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(534 |
) |
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Net recognized gains on
investments
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|
85 |
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|
169 |
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|
193 |
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|
565 |
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Net losses on derivatives
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|
(155 |
) |
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(114 |
) |
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(414 |
) |
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(386 |
) |
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Net gains (losses) on foreign
currency remeasurements
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(18 |
) |
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(54 |
) |
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(52 |
) |
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|
107 |
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Other
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(49 |
) |
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(27 |
) |
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(156 |
) |
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(271 |
) |
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Total
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$ |
(247 |
) |
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$ |
(77 |
) |
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$ |
(698 |
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$ |
49 |
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Following are details of
net recognized gains (losses) on investments during the periods
reported:
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| (In millions) |
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Three Months Ended
March 31,
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Nine Months Ended
March 31,
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2016 |
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2015 |
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|
2016 |
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2015 |
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Other-than-temporary impairments of
investments
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$ |
(86 |
) |
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$ |
(95 |
) |
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$ |
(248 |
) |
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$ |
(130 |
) |
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Realized gains from sales of
available-for-sale securities
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|
282 |
|
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|
358 |
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|
740 |
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|
897 |
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Realized losses from sales of
available-for-sale securities
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|
(111 |
) |
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(94 |
) |
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|
(299 |
) |
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(202 |
) |
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Total
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$ |
85 |
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$ |
169 |
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$ |
193 |
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$ |
565 |
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