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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:



 








































(In millions)

  

 

 

 

 

 

 

 

 

 

 













Year Ended June 30,

  

2012

 

 

2011

 

 

2010

 













Dividends and interest income

  

$

   800

  

 

$

   900

  

 

$

   843

  

Interest expense

  

 

(380



 

 

(295



 

 

(151



Net recognized gains on investments

  

 

564

  

 

 

439

  

 

 

348

  

Net losses on derivatives

  

 

(364



 

 

(77



 

 

(140



Net gains (losses) on foreign currency remeasurements

  

 

(117



 

 

(26



 

 

1

  

Other

  

 

1

  

 

 

(31



 

 

14

  

 

 

 

 

 

 

 

 

 

 

Total

  

$

504

  

 

$

910

  

 

$

915

  

 

  

 

 

 

 

 

 

 

 

 

 

 

 

Following are details of net recognized gains on investments during the periods reported:



 








































(In millions)

  

 

 

 

 

 

 

 

 

 

 













Year Ended June 30,

  

2012

 

 

2011

 

 

2010

 













Other-than-temporary impairments of investments

  

$

(298



 

$

(80



 

$

(69



Realized gains from sales of available-for-sale securities

  

 

  1,418

  

 

 

734

  

 

 

605

  

Realized losses from sales of available-for-sale securities

  

 

(556



 

 

(215



 

 

(188



 

 

 

 

 

 

 

 

 

 

Total

  

$

564

  

 

$

     439

  

 

$

     348

  

 

  

 

 

 

 

 

 

 

 

 

 

 


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