Supplemental Financial Information

Other Income (Expense), Net

Other income (expense), net in 2016 was $11 million, which primarily included equity investment net income of $8 million and income from license and other agreements of $2 million. These amounts were partially offset by foreign exchange losses (inclusive of hedging costs) of $3 million.

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 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. These amounts were partially offset by foreign exchange losses (inclusive of hedging costs) of $13 million.

Trade Receivables, Net

The amounts recognized in 2016, 2015 and 2014 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, 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
Additions charged to costs and expenses	23				37			60
Deductions and other	(14		)	(A)	(40		)	(55		)
Balance at September 30, 2016	$	61			$	6		$	67


(A)	Accounts written off.

Inventories

Inventories at September 30 consisted of:



(Millions of dollars)	2016		2015
Materials	$	316	$	384
Work in process	274		280
Finished products	1,129		1,295
	$	1,719	$	1,959

Property, Plant and Equipment, Net

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



(Millions of dollars)	2016		2015
Land	$	151	$	146
Buildings	2,397		2,414
Machinery, equipment and fixtures	5,749		5,602
Leasehold improvements	121		114
	8,419		8,277
Less accumulated depreciation and amortization	4,518		4,217
	$	3,901	$	4,060