3. Other Financial Data

Consolidated Statements of Income Information

Other Income (Expense)

Other income (expense) consists of the following (in millions):

Years ended December 31	2012			2011			2010


Equity earnings	$	13		$	7		$	18
Realized gain (loss) on sale of investments		7			18			(2	)
Gain (loss) on disposal of businesses		1			—			(4	)
Loss on extinguishment of debt		—			(19	)		(8	)
Foreign currency remeasurement (loss) gain		(19	)		30			(7	)
Hedging gain (loss)		3			(20	)		(11	)
Other		(2	)		(1	)		(4	)

	$	3		$	15		$	(18	)

Consolidated Statements of Financial Position Information

Fixed Assets, net

The components of Fixed assets, net are as follows (in millions):

As of December 31	2012		2011


Software	$	867	$	730
Leasehold improvements		426		407
Furniture, fixtures and equipment		331		326
Computer equipment		332		274
Land and buildings		100		108
Automobiles		24		39
Construction in progress		109		87

		2,189		1,971
Less: Accumulated depreciation		1,369		1,188

Fixed assets, net	$	820	$	783

Depreciation expense, which includes software amortization, was $232 million, $220 million, and $151 million for the years ended December 31, 2012, 2011, and 2010, respectively.