OTHER INCOME (EXPENSE), NET (Tables)

9 Months Ended

Mar. 31, 2023

Components of Other Income (Expense), Net

The components of other income (expense), net were as follows:

(In millions)	Three Months Ended March 31,						Nine Months Ended March 31,
	2023			2022			2023			2022
Interest and dividends income	$	748		$	519		$	2,089		$	1,542
Interest expense		(496	)		(503	)		(1,486	)		(1,567	)
Net recognized gains (losses) on investments		105			(76	)		103			595
Net losses on derivatives		(65	)		(29	)		(255	)		(29	)
Net gains (losses) on foreign currency remeasurements		122			(74	)		26			(152	)
Other, net		(93	)		(11	)		(162	)		(9	)
Total	$	321		$	(174	)	$	315		$	380

Debt Securities

Net Recognized Gains (Losses) on Investments

Net recognized gains (losses) on debt investments were as follows:

(In millions)		Three Months Ended March 31,						Nine Months Ended March 31,
	2023			2022			2023			2022
Realized gains from sales of available-for-sale securities	$	4		$	119		$	19		$	150
Realized losses from sales of available-for-sale securities		(30	)		(89	)		(73	)		(102	)
Impairments and allowance for credit losses		0			(45	)		(13	)		(53	)
Total	$	(26	)	$	(15	)	$	(67	)	$	(5	)

Equity Securities

Net Recognized Gains (Losses) on Investments

Net recognized gains (losses) on equity investments were as follows:

(In millions)	Three Months Ended March 31,						Nine Months Ended March 31,
	2023			2022			2023			2022
Net realized gains (losses) on investments sold	$	(13	)	$	(22	)	$	77		$	46
Net unrealized gains (losses) on investments still held		144			(34	)		109			559
Impairments of investments		0			(5	)		(16	)		(5	)
Total	$	131		$	(61	)	$	170		$	600