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OTHER INCOME (EXPENSE), NET (Tables) | 6 Months Ended
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Dec. 31, 2020
Components of Other Income (Expense), Net | The components of other income (expense), net were as follows:
(In millions) |  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2020 |  |  | 2019 |  |  |  | 2020 |  |  |  | 2019 |
Interest and dividends income |  | $ | 545 |  |  | $ | 688 |  |  | $ | 1,115 |  |  | $ | 1,412 |
Interest expense |  |  | (571 | ) |  |  | (654 | ) |  |  | (1,160 | ) |  |  | (1,291 | )
Net recognized gains on investments |  |  | 359 |  |  |  | 162 |  |  |  | 484 |  |  |  | 105 |
Net gains (losses) on derivatives |  |  | (5 | ) |  |  | 41 |  |  |  | (2 | ) |  |  | 87 |
Net gains (losses) on foreign currency remeasurements |  |  | 42 |  |  |  | (24 | ) |  |  | 181 |  |  |  | (82 | )
Other, net |  |  | 70 |  |  |  | (19 | ) |  |  | 70 |  |  |  | (37 | )
Total |  | $ | 440 |  |  | $ | 194 |  |  | $ | 688 |  |  | $ | 194 |
Debt Securities |
Net Recognized Gains (Losses) on Investments | Net recognized gains (losses) on debt investments were as follows:
(In millions) |  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  | 2020 |  |  | 2019 |  |  |  | 2020 |  |  |  | 2019 |
Realized gains from sales of available-for-sale securities |  | $ | 32 |  |  | $ | 14 |  |  | $ | 51 |  |  | $ | 21 |
Realized losses from sales of available-for-sale securities |  |  | (13 | ) |  |  | (6 | ) |  |  | (18 | ) |  |  | (10 | )
Impairments and allowance for credit losses |  |  | 0 |  |  |  | (1 | ) |  |  | 3 |  |  |  | (5 | )
Total |  | $ | 19 |  |  | $ | 7 |  |  | $ | 36 |  |  | $ | 6 |
Equity Securities |
Net Recognized Gains (Losses) on Investments | Net recognized gains (losses) on equity investments were as follows:
(In millions) |  | Three Months Ended December 31, |  |  | Six Months Ended December 31, |
|  |  | 2020 |  |  |  | 2019 |  |  |  | 2020 |  |  |  | 2019 |
Net realized gains on investments sold |  | $ | 16 |  |  | $ | 53 |  |  | $ | 33 |  |  | $ | 75 |
Net unrealized gains on investments still held |  |  | 326 |  |  |  | 111 |  |  |  | 426 |  |  |  | 55 |
Impairments of investments |  |  | (2 | ) |  |  | (9 | ) |  |  | (11 | ) |  |  | (31 | )
Total |  | $ | 340 |  |  | $ | 155 |  |  | $ | 448 |  |  | $ | 99 |

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