S. Other Financial Information

Interest Cost Components


	2016		2015		2014
Amount charged to expense	$	243	$	270	$	309
Amount capitalized		23		30		34
	$	266	$	300	$	343

Other (Income) Expenses, Net


	2016			2015			2014
Equity loss	$	70		$	89		$	94
Foreign currency losses (gains), net		8			(39	)		(16	)
Net gain from asset sales		(164	)		(32	)		(34	)
Net loss on mark-to-market derivative contracts (O)		9			26			13
Other, net		(12	)		(2	)		1
	$	(89	)	$	42		$	58

In 2016, Net gain from asset sales included a $118 gain related to the sale of wharf property near the Intalco, Washington smelter and a $27 gain related to the sale of an equity interest in a natural gas pipeline in Australia (see Note H). In 2015, Net gain from asset sales included a $29 gain related to the sale of land around the Lake Charles, Louisiana anode facility. In 2014, Net gain from asset sales included a $28 gain related to the sale of a mining interest in Suriname.

Other Noncurrent Assets


December 31,	2016		2015
Gas supply prepayment (R)	$	471	$	288
Value-added tax receivable		287		233
Prepaid gas transmission contract (H)		270		268
Goodwill (K)		155		152
Intangibles, net (K)		135		53
Deferred mining costs, net*		127		203
Prepaid pension benefit (N)		43		35
Other		180		167
	$	1,668	$	1,399

*	As of December 31, 2016, this amount reflects an asset impairment of $72 (see Note D).

Other Noncurrent Liabilities and Deferred Credits


December 31,	2016		2015
Fair value of derivative contracts (O)	$	234	$	189
Accrued compensation and retirement costs		122		92
Deferred alumina sales revenue		76		84
Liability related to the resolution of a legal matter		74		148
Other		98		85
	$	604	$	598

In early 2014, ParentCo and one of Alcoa’s Corporation’s current subsidiaries, AWA, resolved violations of certain provisions of the Foreign Corrupt Practices Act of 1977 with the U.S. Department of Justice and U.S. Securities and Exchange Commission. Under the resolution, ParentCo and AWA agreed to pay a combined $384 over a four-year timeframe. Prior to the Separation Transaction, ParentCo and AWA paid $236 of the total amount. As part of the Separation and Distribution Agreement, Alcoa Corporation assumed ParentCo’s portion of the $148 remaining obligation. The $148 is to be paid in equal installments of $74 in each of January 2017 (paid on January 9^th) and January 2018.

Cash Flow Information

Cash paid for interest and income taxes was as follows:


	2016		2015		2014
Interest, net of amount capitalized	$	226	$	270	$	309
Income taxes, net of amount refunded	$	265		265		184

Noncash Financing and Investing Activities. In September 2016, ANHBV issued $1,250 in new senior notes (see Note L) in preparation for the Separation Transaction (see Note A). The net proceeds of $1,228 from the debt issuance were required to be placed in escrow contingent on completion of the Separation Transaction. As a result, the $1,228 of escrowed cash was recorded as restricted cash. The issuance of the new senior notes and the increase in restricted cash both in the amount of $1,228 were not reflected in the accompanying Statement of Consolidated Cash Flows as these represent noncash financing and investing activities, respectively. The subsequent release of the $1,228 from escrow occurred on October 31, 2016. This decrease in restricted cash was reflected in the accompanying Statement of Consolidated Cash Flows as a cash inflow in the Net change in restricted cash line item.