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Investment and Other Income, Net
 12 Months Ended
Dec. 31, 2015
Investment and Other Income, Net [Abstract]  
Investment and Other Income, Net

 

(8) Investment and Other Income, Net: 

The components of investment and other income, net for the years ended December 31, 2015, 2014 and 2013 are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

($ in millions)

 

2015

 

2014

 

2013

 

 

 

 

 

 

 

 

 

 

Gain on sale of Fairmount Cellular LLC

 

$

 -

 

$

 25 

 

$

 -

Gain on sale of 700 MHz spectrum

 

 

 -

 

 

 12 

 

 

 -

Interest and dividend income

 

 

 7 

 

 

 2 

 

 

 2 

Investment gain

 

 

 -

 

 

 -

 

 

 2 

Gain on expiration/settlement of customer advances

 

 

 -

 

 

 -

 

 

 3 

Split-dollar life insurance proceeds

 

 

 -

 

 

 -

 

 

 2 

Total investment and other income, net

 

$

 7 

 

$

 39 

 

$

 9 

 

 

 

 

 

 

 

 

 

 

 

During 2015, we received $7 million in interest and dividend income.

 

During 2014, we sold assets that were unrelated to Frontier’s operations and recognized a gain of $25 million associated with the sale of our interest in Fairmount Cellular LLC and recognized a gain of $12 million related to the sale of our 700 MHz spectrum.

 

During 2013, we recognized income of $3 million in connection with certain retained liabilities that have terminated, associated with customer advances for construction from our disposed water properties. We also recognized investment gains of $2 million associated with cash received in connection with our previously written-off investment in Adelphia and $2 million in the settlement of a split-dollar life insurance policy for a former senior executive.