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Other (Income) Expense - Net (Tables)
6 Months Ended
Jun. 30, 2015
Other Income and Expenses [Abstract]  
Other (Income) Expense - Net
The following tables set forth the items in other (income) expense:
 
Three Months Ended
 
Six Months Ended
 
June 30,
 
June 30,
 
2015
 
2014
 
2015
 
2014
 
(In millions)
 
 
 
 
 
 
 
 
Gains on sale/revaluation of assets
$
(101
)
 
$
(13
)
 
$
(104
)
 
$
(34
)
Other – net
12

 
16

 
5

 
14

Other (Income) Expense - Net
$
(89
)
 
$
3

 
$
(99
)
 
$
(20
)


Gains on sale/revaluation of assets for the quarter and six months ended June 30, 2015 include gain on the revaluation of the Company’s previously held investments in North Star Shipping and Minmetal in conjunction with the acquisition of the remaining interest of $27 million, gain on sale of a 50% interest in the Barcarena export terminal facility in Brazil to Glencore plc of $68 million, and gain on the sale of the lactic business of $6 million. Gains on sales of assets for the quarter and six months ended 2014 include gains on disposals of individually insignificant assets.

Other - net for the quarter and six months ended June 30, 2015 and 2014 includes losses from foreign exchange derivative contracts partially offset by foreign exchange gains.