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Other-Net, Expense (Income)
12 Months Ended
Dec. 31, 2017
Nonoperating Income (Expense) [Abstract]  
Other - Net, Expense (Income)
 Other–Net, (Income) Expense
Other–net, (income) expense consisted of the following:
 
2017
 
2016
 
2015
Interest expense
$
225.0

 
$
185.2

 
$
161.2

Interest income
(167.3
)
 
(108.7
)
 
(87.0
)
Venezuela charge

 
203.9

 

Debt extinguishment loss (Note 10)

 

 
166.7

Other income
(110.1
)
 
(195.6
)
 
(341.5
)
Other–net, (income) expense
$
(52.4
)
 
$
84.8

 
$
(100.6
)

For the years ended December 31, 2017, 2016, and 2015, other income is primarily related to net gains on investments (Note 7).
Due to the financial crisis in Venezuela and the significant deterioration of the bolívar, we changed the exchange rate used to translate the assets and liabilities of our subsidiaries in Venezuela which resulted in a charge of $203.9 million. Prior to this change, we used the Supplementary Foreign Currency Administration System (SICAD) rate; however, this official rate was discontinued in the first quarter of 2016. After considering several factors, including the future uncertainty of the Venezuelan economy, published exchange rates, and the limited amount of foreign currency exchanged, we changed to the Divisa Complementaria (DICOM) rate.