Note 3: Other Costs

Other costs, net of certain credits, consisted of the following (in millions):

	Three Months Ended September 30,				Nine Months Ended September 30,
	2014		2013		2014			2013

Goodwill impairment	$	–	$	–	$	40		$	–
Loss on disposal of non-core assets		10		–		10			–
Cost for early retirement of debt		3		–		3
OneSubsea formation and other acquisition and integration costs		–		10		–			58
Gain from remeasurement of prior interest in equity method investment		–		–		(8	)		–
Impairment of identifiable intangible assets		–		–		4			–
Mark-to-market impact on currency derivatives not designated as accounting hedges		4		1		4			1
Currency devaluation, severance, restructuring and other costs		2		3		9			21
Total other costs, net of credits	$	19	$	14	$	62		$	80

As described further in Note 2 of the Notes to Consolidated Condensed Financial Statements, the Company completed the sale of its Reciprocating Compression business to General Electric, effective June 1, 2014. Reciprocating Compression had previously been included with the Process Systems and Equipment (PSE) business in the Process Systems & Reciprocating Compression reporting unit for goodwill impairment evaluation purposes. As a result of the classification of Reciprocating Compression as a discontinued operation in the first quarter of 2014 when a definitive agreement to sell the business was entered into, total reporting unit goodwill was allocated between the two businesses. Following this, the PSE business was evaluated as a separate reporting unit in connection with the Company's annual goodwill impairment review conducted during the first quarter of 2014. As a result of this review, the PSE goodwill amount, totaling approximately $40 million, was fully impaired at that time.

As described further in Note 8 of the Notes to Consolidated Condensed Financial Statements, in July 2014, the Company paid a make-whole premium and wrote off certain unamortized debt issuance costs, totaling approximately $3 million, in connection with the early retirement of $250 million principal amount of 1.6% Senior Notes with an original maturity of April 30, 2015.

In May 2014, the Company increased its prior ownership interest in Cameron Services Middle East LLC from 49% to 90%, at a cost of approximately $18 million. The Company recognized a pre-tax gain of nearly $8 million as a result of remeasuring its prior interest, which had been accounted for under the equity method, to fair value upon obtaining control of this entity during the second quarter of 2014. At September 30, 2014, the purchase price allocation for this business has been based upon preliminary estimates and assumptions, which are subject to change upon the receipt of additional information required to finalize the valuation. The primary areas that have not yet been finalized include amounts relating to inventory, property, plant and equipment, identifiable intangible assets, certain preacquisition contingencies, related adjustments to deferred income taxes and goodwill. The final purchase price allocation will be completed no later than one year from the acquisition date. Preliminary goodwill recognized at September 30, 2014 was approximately $21 million, which is not deductible for tax purposes.