Other (Income) Expense - Net

12 Months Ended

Jun. 30, 2012

Other (Income) Expense - Net [Abstract]

Other (Income) Expense - Net

Note 14.Other (Income) Expense – Net

The following table sets forth the items in other (income) expense:

	2012			2011		2010
	(In millions)
Gain on Golden Peanut revaluation	$	-	$	(71)	$	-
Charges from early extinguishment of debt		12		15		75
(Gains) losses on interest rate swaps		-		(30)		59
Net (gain) loss on marketable securities transactions		(25)		(12)		6
Net (gain) loss on sale of unconsolidated affiliates		(1)		(3)		(15)
Other – net		(3)		(29)		-
	$	(17)	$	(130)	$	125

The $71 million gain on Golden Peanut revaluation was recognized as a result of revaluing the Company’s previously held investment in Golden Peanut in conjunction with the acquisition of the remaining 50 percent interest (“Golden Peanut Gain”).

Realized gains on sales of available-for-sale marketable securities totaled $38 million, $13 million, and $12 million in 2012, 2011, and 2010, respectively.Realized losses on sales of available-for-sale marketable securities were $1 million in 2012, $1 million in 2011, and $3 million in 2010.Impairment losses on securities were $12 million in 2012 and $15 million in 2010.Additional impairment losses on securities of $12 million in 2012 were classified as asset impairment, exit, and restructuring charges in the consolidated statement of earnings.