OTHER (INCOME) EXPENSE

9 Months Ended

Sep. 30, 2012

Other Income Expense [Abstract]

Other (income) expense Text Block

Note 5. Other (Income) Expense

		Three Months Ended				Nine Months Ended
		September 30,				September 30,
		2012		2011		2012		2011
Equity income of affiliated companies	$	(12)	$	(13)	$	(36)	$	(36)
Gain on sale of non-strategic businesses and assets		(4)		(6)		(3)		(52)
Interest income		(14)		(15)		(42)		(42)
Foreign exchange		15		5		28		23
Other, net		(1)		8		(1)		35
	$	(16)	$	(21)	$	(54)	$	(72)

Gain on sale of non-strategic businesses and assets in the nine months ended September 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 nine months ended September 30, 2011 includes a loss of $29 million resulting from early redemption of debt in the first quarter of 2011.