Other Income, Net

12 Months Ended

Dec. 31, 2012

Other Income, Net

Note 18.  Other Income, Net

	2012			2011			2010
Interest income	$	24		$	27		$	30
Government grants and incentives		8			10			6
Foreign exchange gain (loss)		(15	)					(19	)
Strategic transaction expenses		(10	)		(10	)		(4	)
Loss on extinguishment of debt					(53	)		(7	)
Gain on sale of equity investments					60
Impairment of long-lived assets		(2	)		(5	)
Other		14			25			17
Other income, net	$	19		$	54		$	23

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 2010 also includes a charge of $3 resulting from the devaluation of the Venezuelan bolivar.

Strategic transaction expenses relate primarily to costs incurred in connection with acquisition and divestiture related activities.

As discussed in Note 13 above, the loss on extinguishment of debt in 2011 and 2010 resulted from writing off the original issue discount and previously deferred financing fees in connection with refinancing our term facility and modifying our credit facilities.

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 15 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.