OTHER INCOME (EXPENSE), NET

12 Months Ended

Dec. 31, 2015

OTHER INCOME (EXPENSE), NET

OTHER INCOME (EXPENSE), NET

R. OTHER INCOME (EXPENSE), NET

        Other, net, which is included in other income (expense), net, was as follows, in millions:

	2015			2014		2013
Income from cash and cash investments	$	3		$	3	$	3
Income from financial investments, net (Note E)		8			2		27
Foreign currency transaction (losses) gains		(14	)		5		(21	)
Other items, net		3			1		—
Total other, net	$	—		$	11	$	9

        In 2013, in conjunction with the transaction to sell the Danish ready-to-assemble cabinet business (included in discontinued operations), we also disposed of a related Danish holding company. This disposition triggered the settlement of loans, which resulted in the recognition of $18 million of currency translation expense.