Other Income (Expense), Net

9 Months Ended

Sep. 30, 2017

Other Income and Expenses [Abstract]

Other Income and Other Expense, Net [Text Block]

Other Income (Expense), Net

	Three Months Ended   September 30,						Nine Months Ended   September 30,
	2017			2016			2017			2016
Government grants and incentives	$	2		$	2		$	6		$	5
Foreign exchange loss				(2		)	(3		)	(4		)
Strategic transaction expenses	(3		)	(3		)	(20		)	(6		)
Gain on sale of marketable securities				7						7
Insurance and other recoveries										1
Amounts attributable to previously divested/closed operations							3			1
Other, net	2			2			6			5
Other income (expense), net	$	1		$	6		$	(8	)	$	9

Foreign exchange gains and losses on cross-currency intercompany loan balances that are not of a long-term investment nature are included above. Foreign exchange gains and losses on intercompany loans that are permanently invested are reported in OCI.

Strategic transaction expenses relate primarily to costs incurred in connection with acquisition and divestiture related activities, including integration costs. The increase in strategic transaction expenses in 2017 is primarily attributable to our acquisitions of BFP and BPT from Brevini and USM – Warren from USM. See Note 2 for additional information.

Amounts attributable to previously divested/closed operations includes the receipt of the remaining proceeds on our December 2016 divestiture of DCLLC during the second quarter of 2017. See Note 3 for additional information.