Other Expenses (Income), Net

9 Months Ended

Sep. 30, 2011

Other Expenses (Income), Net

Other Expenses (Income), Net

I. Other Expenses (Income), Net

	Third quarter  ended September 30,						Nine months  ended September 30,
	2011			2010			2011			2010
Equity loss (income)	$	2		$	(2	)	$	(24	)	$	(10	)
Interest income		(5	)		(5	)		(16	)		(14	)
Foreign currency losses, net		35			21			5			23
Net (gain) loss from asset sales		—			(8	)		1			(8	)
Net (gain) loss on mark-to-market derivative contracts (P)		(14	)		42			(41	)		56
Other, net		13			(5	)		28			1
	$	31		$	43		$	(47	)	$	48

In the 2011 nine-month period, equity income included higher earnings from an investment in a natural gas pipeline in Australia due to the recognition of a discrete income tax benefit by the consortium (Alcoa World Alumina and Chemicals' share of the benefit was $24).