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Other Income, net
6 Months Ended
Dec. 31, 2015
Other Income, Net [Abstract]  
Other Income, net
Other Income, Net
 
Three Months Ended
 
Six Months Ended
 
December 31,
 
December 31,
 
2015
 
2014
 
2015
 
2014
Interest income on corporate funds
$
(17.3
)
 
$
(18.3
)
 
$
(35.9
)
 
$
(36.7
)
Realized gains on available-for-sale securities
(0.5
)
 
(1.7
)
 
(1.5
)
 
(2.7
)
Realized losses on available-for-sale securities
4.3

 
0.8

 
5.3

 
1.0

Gain on the sale of notes receivable

 

 

 
(1.4
)
Gain on sale of AMD (see Note 3)

 

 
(29.1
)
 

Gain on sale of building
(13.9
)
 

 
(13.9
)
 

Other income, net
$
(27.4
)
 
$
(19.2
)
 
$
(75.1
)
 
$
(39.8
)


At December 31, 2015, the Company concluded that it had the intent to sell certain available-for-sale securities with unrealized losses of $3.6 million. As such, the Company recorded an impairment charge of $3.6 million which is included in the realized losses on available-for-sale securities in the table above.

During the three months ended December 31, 2015, the Company sold a building and, as a result, recorded a gain of $13.9 million in Other income, net, on the Statements of Consolidated Earnings.

During the six months ended December 31, 2014, the Company sold notes receivable related to Dealer Services financing arrangements for $225.5 million. Although the sale of the notes receivable transfers the majority of the risk to the purchaser, the Company does retain a minimal level of credit risk on the sold receivables. The cash received in exchange for the notes receivable sold was recorded within the operating activities on the Statements of Consolidated Cash Flows and the gain on sale of $1.4 million was recorded within Other income, net on the Statements of Consolidated Earnings.