Other (Income) Expense

6 Months Ended

Jun. 30, 2011

Other Income Expense [Abstract]

Other (income) expense Text Block

Note 5. Other (income) expense
		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2011		2010		2011		2010
Equity (income)/loss of affiliated companies	$	(14)	$	(9)	$	(23)	$	(13)
Gain on sale of non-strategic businesses and assets		(2)		-		(46)		-
Interest income		(14)		(7)		(27)		(16)
Foreign exchange		10		(3)		18		8
Other, net		(2)		10		27		10
	$	(22)	$	(9)	$	(51)	$	(11)

Gain on non-strategic businesses and assets in the six months ended June 30, 2011 includes a $41 million pre-tax gain, $25 million net of tax, related to the divestiture of the automotive on-board sensor products business within our Automation and Control Solutions segment.

Other, net in the six months ended June 30, 2011 includes a loss of $29 million resulting from early redemption of debt in the first quarter of 2011. See Note 10 Long-term Debt and Credit Agreements for further details.