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Supplementary Information
 9 Months Ended
Sep. 30, 2017
Other Income and Expenses [Abstract]  
Sundry Income (Expense) Net
Sundry Income (Expense) - Net
Successor
Predecessor
(In millions)
For the Period
September 1 - September 30, 2017
For the Period
July 1 - August 31, 2017
Three Months Ended
September 30, 2016
For the Period
Jan. 1 - August 31, 2017
Nine Months Ended
September 30, 2016
Royalty income1
 
$
11

$
27

$
84

$
108

Interest income
$
12

26

30

83

71

Equity in (losses) earnings of affiliates - net
(4
)
13

22

55

60

Net gain on sales of businesses and other assets2,3
1

2

—

205

384

Net exchange gains (losses)
77

(195
)
(76
)
(394
)
(212
)
Miscellaneous income and expenses - net4
2

31

(18
)
133

(4
)
Sundry income (expense) - net
$
88

$
(112
)
$
(15
)
$
166

$
407

 
1. 
In the Successor period, royalty income of $9 million is included in Net Sales.
2.  
Includes a pre-tax gain of $162 million ($86 million net of tax) for the period January 1 through August 31, 2017 related to the sale of the global food safety diagnostic business. See Note 4 for additional information.
3.  
Includes a pre-tax gain of $369 million ($214 million net of tax) for the nine months ended September 30, 2016 related to the sale of DuPont (Shenzhen) Manufacturing Limited. See Note 4 for additional information.
4.  
Miscellaneous income and expenses - net, includes interest items, gains (losses) on available for sale securities, gains related to litigation settlements, licensing income, gains on purchases, and other items.

The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the United States (U.S.), whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in sundry income (expense) - net and the related tax impact is recorded in provision for income taxes on continuing operations in the interim Consolidated Statements of Operations.
 
Successor
Predecessor
(In millions)
For the Period
September 1 - September 30, 2017
For the Period
July 1 - August 31, 2017
Three Months Ended
September 30, 2016
For the Period
Jan. 1 - August 31, 2017
Nine Months Ended
September 30, 2016
Subsidiary Monetary Position (Loss) Gain
 
 
 
 
 
Pre-tax exchange (loss) gain
$
(35
)
$
65

$
6

$
37

$
185

Local tax (expenses) benefits
(31
)
88

18

217

(29
)
Net after-tax impact from subsidiary exchange (loss) gain
$
(66
)
$
153

$
24

$
254

$
156

 
 
 
 
 
 
Hedging Program Gain (Loss)
 
 
 
 
 
Pre-tax exchange gain (loss)
$
112

$
(260
)
$
(82
)
$
(431
)
$
(397
)
Tax (expenses) benefits
(40
)
94

30

155

143

Net after-tax impact from hedging program exchange gain (loss)
$
72

$
(166
)
$
(52
)
$
(276
)
$
(254
)
 
 
 
 
 
 
Total Exchange Gain (Loss)
 
 
 
 
 
Pre-tax exchange gain (loss)
$
77

$
(195
)
$
(76
)
$
(394
)
$
(212
)
Tax (expenses) benefits
$
(71
)
$
182

$
48

$
372

$
114

Net after-tax exchange gain (loss)
$
6

$
(13
)
$
(28
)
$
(22
)
$
(98
)