OTHER INCOME (EXPENSE), NET (Tables)

9 Months Ended

Mar. 31, 2022

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,
	2022			2021				2022			2021
Interest and dividends income	$	519		$	519		$	1,542		$	1,634
Interest expense		(503	)		(633	)		(1,567	)		(1,793	)
Net recognized gains (losses) on investments		(76	)		353			595			837
Net losses on derivatives		(29	)		(2	)		(29	)		(4	)
Net gains (losses) on foreign currency remeasurements		(74	)		(55	)		(152	)		126
Other, net		(11	)		6			(9	)		76
Total	$	(174	)	$	188		$	380		$	876

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,
	2022			2021				2022			2021
Realized gains from sales of available-for-sale securities	$	119		$	33		$	150		$	84
Realized losses from sales of available-for-sale securities		(89	)		(12	)		(102	)		(30	)
Impairments and allowance for credit losses		(45	)		(10	)		(53	)		(7	)
Total	$	(15	)	$	11		$	(5	)	$	47

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,
	2022			2021			2022			2021
Net realized gains (losses) on investments sold	$	(22	)	$	43	$	46		$	76
Net unrealized gains (losses) on investments still held		(34	)		299		559			725
Impairments of investments		(5	)		0		(5	)		(11	)
Total	$	(61	)	$	342	$	600		$	790