Other Income, Net

9 Months Ended

Sep. 30, 2011

Other Income, Net

Note 16.  Other Income, Net

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2011			2010			2011			2010
Interest income	$	7		$	8		$	20		$	21
Foreign exchange gain (loss)		12			(2	)		10			(12	)
Losses on extinguishment of debt					(3	)		(53	)		(7	)
Gain on sale of equity investments		60						60
Loss on sale of Structural Products business											(5	)
Impairment of long-lived assets		(5	)					(5	)
Other		3			7			17			12
Other income, net	$	77		$	10		$	49		$	9

     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 2 above, the gain on sale of equity investments resulted from the divestiture of our interests in the GETRAG Entities.  Also discussed in Note 2 above, we recorded an impairment charge on our axle, differential and brake systems business serving the leisure, all-terrain-vehicle and utility vehicle markets.  As discussed in Note 13 above, a recovery finalized in the second quarter of 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 OCI.  Foreign exchange loss for the first nine months of 2010 also includes a charge of $3 resulting from the devaluation of the Venezuelan bolivar.