In June 2010, we issued $1.25 billion of zero-coupon debt securities that are convertible into shares of our common stock if certain conditions are met. As of June 30, 2012, none of these securities had met price or other conditions that would make them eligible for conversion and therefore were excluded from the calculation of basic and diluted EPS. See Note 12 – Debt for additional information.
NOTE 3 — OTHER INCOME (EXPENSE)
The components of other income (expense) were as follows:
Following are details of net recognized gains on investments during the periods reported:
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(In millions)
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Year Ended June 30,
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2012
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2011
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2010
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Other-than-temporary impairments of investments
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$
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(298
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)
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$
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(80
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)
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$
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(69
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)
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Realized gains from sales of available-for-sale securities
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1,418
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734
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605
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Realized losses from sales of available-for-sale securities
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(556
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)
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(215
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)
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(188
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)
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Total
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$
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564
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$
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439
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$
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348
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