Other Income (Expense), Net

6 Months Ended

Jun. 30, 2011

Other Income (Expense), Net

Note 16.  Other Income (Expense), Net

	Three Months Ended				Six Months Ended
	June 30,				June 30,
	2011		2010		2011			2010
Interest income	$	6	$	7	$	13		$	13
Foreign exchange gain (loss)		1		2		(2	)		(10	)
Loss on extinguishment of debt						(53	)		(4	)
Loss on sale of Structural Products business									(5	)
Other		13		3		14			5
Other income (expense), net	$	20	$	12	$	(28	)	$	(1	)

As discussed in Note 11 above, the losses on extinguishment of debt resulted primarily from repayment of our Term Facility debt.  The losses represent the OID and deferred financing fees written off in connection with early payments of principal and modifications of our borrowing programs.  As discussed in Note 13 above, a recovery finalized in June 2011 of past outlays related to asbestos claims resulted in a $6 credit to other income.

Foreign exchange gains and losses on cross-currency intercompany loan balances that are not considered permanently invested are reported above.  Foreign exchange gains and losses on loans that are permanently invested are reported in other comprehensive income (loss).  Foreign exchange loss for the first half of 2010 also includes a charge of $3 resulting from the devaluation of the Venezuelan bolivar.