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Other Income (Expense), Net
 6 Months Ended
Jun. 30, 2014
Other Income and Expenses [Abstract]  
Other Income (Expense), Net
Other Income, Net 
 
Three Months Ended 
 June 30,
 
Six Months Ended 
 June 30,
 
2014
 
2013
 
2014
 
2013
Interest income
$
3

 
$
5

 
$
6

 
$
12

Government grants and incentives
1

 
1

 
2

 
2

Foreign exchange gain (loss)
14

 
4

 
2

 
(4
)
Strategic transaction expenses


 
(2
)
 
(1
)
 
(4
)
Write-off of deferred financing costs


 
(2
)
 


 
(2
)
Gain on sale of marketable securities


 
3

 


 
3

Recognition of unrealized gain on payment-in-kind note receivable


 
5

 
2

 
5

Insurance recoveries


 


 


 
2

Other
3

 
4

 
4

 
6

Other income, net
$
21

 
$
18

 
$
15

 
$
20


 
Interest income decreased from 2013 as a result of selling our payment-in-kind note receivable during the first quarter of 2014. As discussed in Note 12 above, the receipt of a payment on our payment-in-kind note receivable during the second quarter of 2013 resulted in the recognition of a portion of the related unrealized gain that arose following the valuation of the note receivable below its callable value at emergence from bankruptcy. The subsequent sale of the payment-in-kind note receivable during the first quarter of 2014 resulted in the recognition of the remaining unrealized gain.

Foreign exchange gains and losses on cross-currency intercompany loan balances that are not considered permanently invested are included above. Foreign exchange gains and losses on intercompany loans that are permanently invested are reported in OCI. As discussed in Note 1 above, effective March 31, 2014, we ceased using the official exchange rate of 6.3 and began using the SICAD rate, which was 10.7 bolivars per U.S. dollar (as published by the Central Bank of Venezuela) at March 31, 2014, to remeasure the financial statements of our Venezuelan subsidiaries. The change to the SICAD rate resulted in a charge of $17 during the first quarter of 2014. The SICAD rate was 10.6 bolivars per U.S. dollar at June 30, 2014. During the second quarter of 2014 we realized a $7 gain as CENCOEX approved a portion of our pending claims to settle U.S. dollar obligations at the official exchange rate of 6.3. Also during the second quarter of 2014 we realized a $6 gain on the sale of U.S. dollars through SICAD 2 at an average rate of 49.9 bolivars per U.S. dollar. Both the first quarter 2014 charge and the second quarter 2014 gains associated with our Venezuelan subsidiaries are included in the segment EBITDA of our Light Vehicle operating segment. Foreign exchange loss for 2013 includes a first quarter charge of $6 resulting from the February 2013 devaluation of Venezuela's official exchange rate from 4.3 to 6.3 bolivars per U.S. dollar. The charge was largely recovered over the balance of 2013 as the Venezuelan government allowed certain transactions to be settled at the former exchange rate. A gain of $3 from these settlements was recognized in the second quarter of 2013.

As discussed in Note 11 above, during the second quarter of 2013 we wrote off previously deferred financing costs associated with our prior revolving credit facility.