Other Income, Net

9 Months Ended

Sep. 30, 2012

Other Income, Net

Note 16. Other Income, Net

	Three Months Ended						Nine Months Ended
	September 30,						September 30,
	2012			2011			2012			2011
Interest income	$	6		$	7		$	17		$	20
Foreign exchange gain (loss)		(2	)		12			(12	)		10
Loss on extinguishment of debt											(53	)
Gain on sale of equity investments					60						60
Strategic transaction expenses		(4	)		(1	)		(8	)		(3	)
Impairment of long-lived assets					(5	)		(2	)		(5	)
Other		2			6			14			22
Other income, net	$	2		$	79		$	9		$	51

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 2 above, the gain on sale of equity investments resulted from the divestiture of our interests in the GETRAG Entities.

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, net.