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OTHER OPERATING INCOME, NET
 6 Months Ended
Jun. 30, 2012
OTHER OPERATING INCOME, NET
OTHER OPERATING INCOME, NET
Other operating income, net:
•
includes both recurring and occasional income and expense items and
•
can fluctuate from year to year.

Items Included in Other Operating Income, Net
 
QUARTER ENDED
 
YEAR-TO-DATE ENDED
DOLLAR AMOUNTS IN MILLIONS    
JUNE 30, 2012
 
JUNE 30, 2011
 
JUNE 30, 2012
 
JUNE 30, 2011
Gain on sale of non-strategic timberlands
$
—

 
$
—

 
$
—

 
$
(152
)
Gain on postretirement plan amendment (Note 10)
(51
)
 
—

 
(103
)
 
—

Gain on disposition of assets
(7
)
 
(4
)
 
(8
)
 
(8
)
Foreign exchange (gains) losses, net
9

 
(1
)
 
2

 
(8
)
Land management income
(6
)
 
(7
)
 
(12
)
 
(13
)
Other, net
2

 
(7
)
 
2

 
(12
)
Total other operating income, net
$
(53
)
 
$
(19
)
 
$
(119
)
 
$
(193
)

The $152 million pretax gain on sale of non-strategic timberlands resulted from the sale of 82,000 acres in southwestern Washington.
Foreign exchange (gains) losses result from changes in exchange rates, primarily related to our Canadian operations.
Land management income consists primarily of income derived from leasing, renting and granting easement and rights of way on our timberlands.