OTHER INCOME (EXPENSE), NET

3 Months Ended

Sep. 30, 2025

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,	2025			2024
Interest and dividends income	$	976		$	681
Interest expense		(698	)		(582	)
Net recognized gains (losses) on investments		(572	)		463
Net gains (losses) on derivatives		1,579			(338	)
Net gains (losses) on foreign currency remeasurements		(22	)		176
Other, net		(4,923	)		(683	)
Total	$	(3,660	)	$	(283	)

For the three months ended September 30, 2025 and 2024, other income (expense), net included $4.1 billion and $688 million, respectively, of net losses from investments in OpenAI, primarily net recognized losses on our equity method investment reflected in other, net.

Net Recognized Gains (Losses) on Investments

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

(In millions)
Three Months Ended September 30,	2025			2024
Realized gains from sales of available-for-sale securities	$	16		$	8
Realized losses from sales of available-for-sale securities		(10	)		(15	)
Impairments and allowance for credit losses		4			12
Total	$	10		$	5

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

(In millions)
Three Months Ended September 30,	2025			2024
Net realized gains on investments sold	$	71		$	65
Net unrealized gains (losses) on investments still held		(635	)		412
Impairments of investments		(18	)		(19	)
Total	$	(582	)	$	458