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Other (Income) Expense - Net | 6 Months Ended
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Dec. 31, 2012
Other (Income) Expense - Net [Abstract] |
Other (Income) Expense - Net | Note 13. Other (Income) Expense – Net The following table sets forth the items in other (income) expense:
|  | Six Months Ended |  | Year Ended
(In millions) |  | December 31 |  | June 30
|  | 2012 |  | 2011 |  |  | 2012 |  |  | 2011 |  |  | 2010
|  |  |  |  | (Unaudited | ) |  |  |  |  |  |  |  |
Gain on Golden Peanut revaluation |  | $ | - |  | $ | - |  | $ | - |  | $ | (71) |  | $ | -
Gain on interest in GrainCorp |  |  | (62) |  |  | - |  |  | - |  |  | - |  |  | -
Gain on sale of assets |  |  | (51) |  |  | (17) |  |  | (30) |  |  | (31) |  |  | (21)
Charges from early extinguishment of debt |  |  | 5 |  |  | 12 |  |  | 12 |  |  | 15 |  |  | 75
(Gains) losses on interest rate swaps |  |  | - |  |  | - |  |  | - |  |  | (30) |  |  | 59
Net (gain) loss on marketable securities transactions |  |  | (6) |  |  | (16) |  |  | (25) |  |  | (12) |  |  | 6
Other – net |  |  | 5 |  |  | 9 |  |  | 26 |  |  | (1) |  |  | 6
|  | $ | (109) |  | $ | (12) |  | $ | (17) |  | $ | (130) |  | $ | 125
The Company realized a $62 million gain related to the settlement of the Total Return Swap instruments related to its investment in GrainCorp (see Note 4 for more information). The gain on sale of assets for the six months ended December 31, 2012 includes a $39 million gain related to the sale of certain of the Company’s exchange membership interests. The $71 million gain on Golden Peanut revaluation was recognized as a result of revaluing the Company’s previously held investment in Golden Peanut in conjunction with the acquisition of the remaining 50 percent interest (“Golden Peanut Gain”). Realized gains on sales of available-for-sale marketable securities totaled $8 million, $17 million, $38 million, $1 3 million, and $12 million for the six months ended December 31, 2012 and 2011 and the years ended June 30, 2012, 2011, and 2010, respectively. Realized losses on sales of available-for-sale marketable securities were $2 million, $1 million, $1 million, $1 million, and $3 million for the six months ended December 31, 2012 and 2011 and the years ended June 30, 2012, 2011, and 2010, respectively. Impairment losses on securities were $12 million and $15 million for the years ended June 30, 2012 and 2010. Additional impairment losses on securities of $13 million for the six months ended December 31, 2011 and year ended June 30, 2012, were classified as asset impairment, exit, and restructuring charges in the consolidated statement s of earnings.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=6880815&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 + Details
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