Supplemental Financial Information

Other Income (Expense), Net

Other income (expense), net in 2015 was $21 million, which primarily included equity investment net income and proceeds from the sales of investments of $9 million, an acquisition-date accounting gain of $9 million on the previously held investment in CRISI, as disclosed in Note 6, and income from license and other agreements of $2 million.

Other income (expense), net in 2014 was $5 million, which primarily included equity investment net income and proceeds from the sales of investments of $13 million and income from license and other agreements of $3 million. Other income (expense), net in 2014 also included income of $3 million from contract manufacturing and other transition services relating to the Company’s sale of Discovery Labware in the first quarter of fiscal year 2013. Additional disclosures regarding this divestiture are included in Note 10. These amounts were partially offset by foreign exchange losses (inclusive of hedging costs) of $(13) million.

Other income (expense), net in 2013 was $9 million, which primarily included income of $11 million from contract manufacturing and other transition services relating to the sale of Discovery Labware, equity investment net income and proceeds from investments of $5 million and income from license and other agreements of $3 million. These amounts were partially offset by foreign exchange losses (inclusive of hedging costs) of $(10) million.

Trade Receivables, Net

The amounts recognized in 2015, 2014 and 2013 relating to allowances for doubtful accounts and cash discounts, which are netted against trade receivables, are provided in the following table:



(Millions of dollars)	Allowance for Doubtful Accounts				Allowance for Cash Discounts			Total
Balance at September 30, 2012	$	36			$	9		$	45
Additions charged to costs and expenses	9				40			49
Deductions and other	(3		)	(A)	(41		)	(44		)
Balance at September 30, 2013	$	41			$	9		$	50
Additions charged to costs and expenses	6				41			46
Deductions and other	(16		)	(A)	(38		)	(54		)
Balance at September 30, 2014	$	30			$	12		$	42
Additions charged to costs and expenses	33				47			80
Deductions and other	(11		)	(A)	(50		)	(61		)
Balance at September 30, 2015	$	53			$	9		$	62


(A)	Accounts written off.

Inventories

Inventories at September 30 consisted of:



(Millions of dollars)	2015		2014
Materials	$	384	$	248
Work in process	280		260
Finished products	1,295		987
	$	1,959	$	1,495

Property, Plant and Equipment, Net

Property, Plant and Equipment, Net at September 30 consisted of:



(Millions of dollars)	2015		2014
Land	$	146	$	93
Buildings	2,414		2,313
Machinery, equipment and fixtures	5,602		5,271
Leasehold improvements	114		88
	8,277		7,765
Less accumulated depreciation and amortization	4,217		4,160
	$	4,060	$	3,605