Other (Income) Expenses, Net

12 Months Ended

Dec. 31, 2012

Other (Income) Expenses, Net

O. Other (Income) Expenses, Net

	2012			2011			2010
Equity loss (income)	$	28		$	(15	)	$	(14	)
Interest income		(31	)		(20	)		(19	)
Foreign currency (gains) losses, net		(5	)		16			13
Net gain from asset sales		(321	)		(41	)		(9	)
Net (gain) loss on mark-to-market derivative contracts (X)		(13	)		(52	)		37
Other, net		1			25			(3	)
	$	(341	)	$	(87	)	$	5

In 2012, Net gain from asset sales included a $320 gain related to the sale of the Tapoco Hydroelectric Project (see Note F). 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.