XML 26 R13.htm IDEA: XBRL DOCUMENT v3.3.1.900
Other Expense, Net
 12 Months Ended
Dec. 31, 2015
Other Income and Expenses [Abstract]  
Other Expense, Net [Text Block]
Note 4.
Other Expense, Net
The components of other expense, net, in the accompanying statement of income are as follows:
(In millions)
 
2015

 
2014

 
2013

 
 
 
 
 
 
 
Interest Income
 
$
30.6

 
$
47.7

 
$
28.0

Interest Expense
 
(414.9
)
 
(479.9
)
 
(262.1
)
Other Items, Net
 
(15.5
)
 
16.4

 
(56.0
)
 
 
 
 
 
 
 
Other Expense, Net
 
$
(399.8
)
 
$
(415.8
)
 
$
(290.1
)

Other Items, Net
In 2015, other items, net includes costs of $7.5 million associated with entering into interest rate swap arrangements and losses of $12 million for the early extinguishment of debt.
In 2014, other items, net includes $9 million of net gains from equity and available-for-sale investments.
In 2013, other items, net includes $74 million of charges related to amortization of fees paid to obtain bridge financing commitments related to the Life Technologies acquisition offset in part by $5 million of gains from sales of equity investments. Additionally, the company irrevocably contributed appreciated available-for-sale investments that had a fair value of $27 million to two of its U.K. defined benefit plans, resulting in realization of a previously unrecognized gain of $11 million.