OTHER INCOME (EXPENSE), NET

3 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

OTHER INCOME (EXPENSE), NET

NOTE 3 — OTHER INCOME (EXPENSE), NET

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

(In millions)
Three Months Ended September 30,	2024			2023
Interest and dividends income	$	681		$	1,166
Interest expense		(582	)		(525	)
Net recognized gains (losses) on investments		463			(107	)
Net gains (losses) on derivatives		(338	)		93
Net gains (losses) on foreign currency remeasurements		176			(101	)
Other, net		(683	)		(137	)
Total	$	(283	)	$	389

Other, net primarily reflects net recognized losses on equity method investments, including OpenAI.

Net Recognized Gains (Losses) on Investments

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

(In millions)
Three Months Ended September 30,	2024			2023
Realized gains from sales of available-for-sale securities	$	8		$	2
Realized losses from sales of available-for-sale securities		(15	)		(25	)
Impairments and allowance for credit losses		12			(6	)
Total	$	5		$	(29	)

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

(In millions)
Three Months Ended September 30,	2024			2023
Net realized gains on investments sold	$	65		$	45
Net unrealized gains (losses) on investments still held		412			(123	)
Impairments of investments		(19	)		0
Total	$	458		$	(78	)