Other Income and Expense

12 Months Ended

Dec. 31, 2017

Other Income and Expenses [Abstract]

OTHER INCOME AND EXPENSE

OTHER INCOME AND EXPENSE

Other Income — Other income generally includes gains on asset sales and liability extinguishments, favorable judgments on contingencies, gains on contract terminations, allowance for funds used during construction and other income from miscellaneous transactions. The components are summarized as follows (in millions):

Year Ended December 31,	2017		2016		2015
Legal settlements (1)	$	60	$	—	$	—
Allowance for funds used during construction (US Utilities)	26		29		17
Gain on sale of assets	1		4		17
Contract termination	—		—		20
Other	33		31		30
Total other income	$	120	$	64	$	84

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⁽¹⁾  In December 2016, the Company and YPF entered into a settlement in which all parties agreed to give up any and all legal action related to gas supply contracts that were terminated in 2008 and have been in dispute since 2009. In January 2017, the YPF board approved the agreement and paid the Company $60 million, thereby resolving all uncertainties around the dispute.

Other Expense — Other expense generally includes losses on asset sales and dispositions, losses on legal contingencies, and losses from other miscellaneous transactions. The components are summarized as follows (in millions):

Year Ended December 31,	2017		2016		2015
Allowance for other receivables (1)	$	—	$	52	$	—
Loss on sale and disposal of assets	28		12		—
Water rights write-off	19		6		10
Other	10		9		14
Total other expense	$	57	$	79	$	24

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⁽¹⁾  During the fourth quarter of 2016, we recognized a full allowance on a non-trade receivable in the MCAC SBU as a result of payment delays and discussions with the counterparty. The allowance relates to certain reimbursements the Company was expecting in connection with a legal matter. Management believes the counterparty is obligated to pay and plans to continue to attempt to fully collect the non-trade receivable.