Other Income (Expense), Net

6 Months Ended

Jun. 30, 2012

Other Income (Expense), Net

Note 15. Other Income (Expense), Net

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2012			2011			2012			2011
Interest income	$	5		$	6		$	11		$	13
Foreign exchange gain (loss)		(1	)		1			(10	)		(2	)
Loss on extinguishment of debt											(53	)
Strategic transaction expenses		(1	)		(1	)		(4	)		(3	)
Impairment of long-lived assets								(2	)
Other		5			14			10			17
Other income (expense), net	$	8		$	20		$	5		$	(28	)

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.

The loss on extinguishment of debt resulted from writing off the original issue discount and previously deferred financing fees in connection with refinancing our long-term debt and modifying our credit facilities in the first quarter of 2011.

As discussed in Note 12 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 (expense), net.