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Other Income and Expense
3 Months Ended
Mar. 31, 2015
Other Income and Expenses [Abstract]  
OTHER INCOME AND EXPENSE
OTHER INCOME AND EXPENSE
Other Income
Other income includes gains on asset sales and liability extinguishments, favorable judgments on contingencies, and other income from miscellaneous transactions. The Company recognized $16 million and $12 million of other income for the three months ended March 31, 2015 and 2014, respectively.
Other Expense
Other expense generally includes losses on asset sales and dispositions, losses on legal contingencies and losses from other miscellaneous transactions. The Company recognized $20 million and $8 million of other expense for the three months ended March 31, 2015 and 2014, respectively. The balance in both periods was principally comprised of losses on asset dispositions.