XML 21 R12.htm IDEA: XBRL DOCUMENT  v2.3.0.11
OTHER OPERATING INCOME, NET
 6 Months Ended
Jun. 30, 2011
OTHER OPERATING INCOME, NET
OTHER OPERATING INCOME, NET
Other operating income, net:
•
includes both recurring and occasional income and expense items and
•
can fluctuate from year to year.


Items Included in Other Operating Income, Net
 
QUARTER ENDED
 
YEAR-TO-DATE
ENDED
DOLLAR AMOUNTS IN MILLIONS    
JUNE 30,

2011
 
JUNE 30,

2010
 
JUNE 30,

2011
 
JUNE 30,

2010
Gain on sale of non-strategic timberlands
$
—


 
$
—


 
$
(152
)
 
$
—


Gain on disposition of assets
(4
)
 
(11
)
 
(8
)
 
(60
)
Foreign exchange losses (gains), net
(1
)
 
10


 
(8
)
 
—


Land management income
(7
)
 
(6
)
 
(13
)
 
(12
)
Litigation expense
1


 
10


 
—


 
11


Environmental remediation expense (Note 12)
12


 
2


 
12


 
2


Other, net
(7
)
 
(12
)
 
(11
)
 
(18
)


(6
)
 
(7
)
 
(180
)
 
(77
)
Less discontinued operations
(13
)
 
5


 
(13
)
 
5


Total other operating income, net
$
(19
)
 
$
(2
)
 
$
(193
)
 
$
(72
)




Foreign exchange gains result from changes in exchange rates primarily related to our Canadian operations.
Land management income consists primarily of income derived from leasing, renting and granting easement and rights of way on our timberlands.
The $152 million pretax gain on sale of non-strategic timberlands resulted from the sale of 82,000 acres in southwestern Washington.
First half 2010 included a pretax gain of $40 million from the sale of certain British Columbia forest licenses and associated rights and $10 million from the sale of closed facilities.