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OTHER (INCOME)/EXPENSE
 12 Months Ended
Dec. 31, 2016
Other Nonoperating Income (Expense) [Abstract]  
Other Income and Other Expense Disclosure [Text Block]
OTHER (INCOME)/EXPENSE
Other (income)/expense includes:
 
 
Year Ended December 31,
Dollars in Millions
 
2016
 
2015
 
2014
Interest expense
 
$
167

 
$
184

 
$
203

Investment income
 
(105
)
 
(101
)
 
(101
)
Provision for restructuring
 
109

 
118

 
163

Litigation and other settlements
 
47

 
159

 
23

Equity in net income of affiliates
 
(77
)
 
(83
)
 
(107
)
Divestiture gains
 
(576
)
 
(196
)
 
(564
)
Royalties and licensing income
 
(719
)
 
(383
)
 
(283
)
Transition and other service fees
 
(238
)
 
(122
)
 
(170
)
Pension charges
 
91

 
160

 
877

Intangible asset impairment
 
15

 
13

 
29

Equity investment impairment
 
45

 
—

 
—

Written option adjustment
 
—

 
(123
)
 
32

Loss on debt redemption
 
—

 
180

 
45

Other
 
(44
)
 
7

 
63

Other (income)/expense
 
$
(1,285
)
 
$
(187
)
 
$
210



•
Litigation and other settlements includes $90 million in 2015 for a contractual dispute related to a license.
•
Transition and other service fees were related to the divestiture of the diabetes and investigational HIV businesses in 2016 and the diabetes business in 2015 and 2014.
•
Written option adjustments included the change in fair value of the written option liability attributed to the Reckitt alliance in 2015 and Valeant and Reckitt in 2014.
•
A debt redemption loss of $180 million resulted from the early redemption of euro notes and a tender offer for certain other debt securities in 2015.
•
Other includes an unrealized foreign exchange loss of $52 million in 2015 resulting from the remeasurement of the Bolivar-denominated cash and other monetary balances of BMS’s wholly-owned subsidiary in Venezuela as of December 31, 2015. The exchange rate was changed to the SIMADI rate of 200 from the official CENCOEX rate of 6.3 after considering the limited amount of foreign currency exchanged during the second half of 2015, published exchange rates and the continuing deterioration of economic conditions in Venezuela.