NOTE 3 — OTHER INCOME (EXPENSE)
The components of other income (expense) were as follows:
(In millions) | ||||||||||||
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Year Ended June 30, | 2013 | 2012 | 2011 | |||||||||
Dividends and interest income |
$ | 677 | $ | 800 | $ | 900 | ||||||
Interest expense |
(429 | ) | (380 | ) | (295 | ) | ||||||
Net recognized gains on investments |
116 | 564 | 439 | |||||||||
Net losses on derivatives |
(196 | ) | (364 | ) | (77 | ) | ||||||
Net losses on foreign currency remeasurements |
(74 | ) | (117 | ) | (26 | ) | ||||||
Other |
194 | 1 | (31 | ) | ||||||||
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Total |
$ | 288 | $ | 504 | $ | 910 | ||||||
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Following are details of net recognized gains (losses) on investments during the periods reported:
(In millions) | ||||||||||||
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Year Ended June 30, | 2013 | 2012 | 2011 | |||||||||
Other-than-temporary impairments of investments |
$ | (208 | ) | $ | (298 | ) | $ | (80 | ) | |||
Realized gains from sales of available-for-sale securities |
489 | 1,418 | 734 | |||||||||
Realized losses from sales of available-for-sale securities |
(165 | ) | (556 | ) | (215 | ) | ||||||
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Total |
$ | 116 | $ | 564 | $ | 439 | ||||||
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