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Other (Income) Expenses, Net
 12 Months Ended
Dec. 31, 2011
Other (Income) Expenses, Net [Abstract]  
Other (Income) Expenses, Net

O. Other (Income) Expenses, Net

 

     2011     2010     2009  

Equity (income) loss

    $ (15 )    $ (14 )    $ 14   

Interest income

      (20 )      (19 )      (18 ) 

Foreign currency losses (gains), net

      16        13        (82 ) 

Net gain from asset sales

      (41 )      (9 )      (106 ) 

Net (gain) loss on mark-to-market derivative contracts (X)

      (52 )      37        62   

Other, net

      25        (3 )      (31 ) 
  

 

 

    

 

 

    

 

 

  
   $ (87 )    $ 5      $ (161 ) 
  

 

 

    

 

 

    

 

 

  

In 2011, 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). Also in 2011, Net gain from asset sales included a $43 gain related to the sale of land in Australia. In 2009, Net gain from asset sales included a $188 gain related to the Elkem/Sapa AB exchange transaction (see Note F), a $182 loss on the sale of an equity method investment, and a $92 gain related to the acquisition of a BHP subsidiary (see Note F).