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Other Expense (Income)
 12 Months Ended
Mar. 31, 2015
Other Income and Expenses [Abstract]  
OTHER EXPENSE (INCOME)
OTHER EXPENSE (INCOME)
“Other expense (income), net” is comprised of the following (in millions).
 
 
 
Year Ended March 31,
 
 
2015
 
2014
 
2013
Foreign currency remeasurement losses (gains), net (A)
 
$
27

 
$
(7
)
 
$
(10
)
Loss (gain) on change in fair value of other unrealized derivative instruments, net
 
—

 
10

 
(14
)
Loss (gain) on change in fair value of other realized derivative instruments, net
 
2

 
(62
)
 
(28
)
Loss on sale of assets, net
 
5

 
9

 
6

Loss on Brazilian tax litigation, net (B)
 
7

 
6

 
8

Interest income
 
(7
)
 
(6
)
 
(5
)
Gain on business interruption insurance recovery, net (C)
 
(19
)
 
—

 
(11
)
Other, net
 
2

 
9

 
2

Other expense (income), net
 
$
17

 
$
(41
)
 
$
(52
)
 
(A)
Includes “(Gain) loss recognized on balance sheet remeasurement currency exchange contracts, net.”
(B)
See Note 20 – Commitments and Contingencies – Brazil Tax and Legal Matters for further details.
(C)
We recognized a total gain of $19 million during the year ended March 31, 2015 related to business interruption recovery claims, which partially offset actual business losses experienced in the same fiscal year. This gain includes an insurance settlement which resulted in a gain of $6 million related to lost shipments and profits resulting from an electrical short circuit impacting a hot mill motor at one of our facilities in our Europe segment in the second quarter of 2015. Additionally, we experienced an outage at the hot mill in the Logan facility in North America due to an unexpected failure of a motor, which resulted in lost shipments and profits. A repaired motor was installed and operations at the hot mill resumed within approximately three weeks. The Company reached a partial insurance settlement, which resulted in a gain of $13 million.

We recognized a net gain of $11 million during the year ended March 31, 2013 related to another business interruption recovery claim from an earlier fiscal year. This settlement related to a fire at the sole can plant of one of our customers, which caused the loss of a supply contract in our North America segment.