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Interest Income and Other, Net (Tables)
9 Months Ended
Sep. 30, 2016
Other Income And Expenses [Abstract]  
Summary of Interest Income and Other, Net

The following table presents the detail of interest income and other, net, for the periods presented:

 

 

Three months ended September 30,

 

 

Nine months ended September 30,

 

 

 

2016

 

 

2015

 

 

2016

 

 

2015

 

 

 

(in millions)

 

 

(in millions)

 

Net loss, realized and unrealized, on foreign exchange and foreign currency derivative contracts and other, net

 

$

-

 

 

$

(4

)

 

$

(1

)

 

$

(3

)

Interest income

 

 

-

 

 

 

-

 

 

 

1

 

 

 

1

 

Gain on sale of business (1)

 

 

-

 

 

 

17

 

 

 

-

 

 

 

17

 

Total

 

$

-

 

 

$

13

 

 

$

-

 

 

$

15

 

 

(1)

In August 2015, we sold 100% interest in one of our Chinese subsidiaries to an unrelated third party for $28 million in cash consideration and recognized a $17 million gain on sale of subsidiary in the third quarter of 2015.