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Other Income
 12 Months Ended
Dec. 31, 2011
Other Income and Expenses [Abstract]  
OTHER INCOME
OTHER INCOME

Other income consists of various line items that are combined on the statement of operations due to their respective materiality compared with other individual income and expense items. This footnote provides more detailed information contained within this item.

The amounts included in Other income, net are as follows for the years ended December 31 (in millions):
 
2011
 
2010
 
2009
Gains/(Losses) on extinguishment of debt
$
(66
)
 
$
(139
)
 
$
20

Gains/(Losses) on derivatives (a)
33

 
64

 
(376
)
Currency revaluation gains/(losses) (a)(b)
(11
)
 
(92
)
 
554

Interest and investment income
98

 
109

 
149

Insurance fee income
83

 
79

 
97

Other (c)
165

 
202

 
218

Other income, net
$
302

 
$
223

 
$
662


(a)
Currency revaluation gains/(losses) primarily related to foreign denominated debt were substantially offset by gains/(losses) on derivatives. See Note 12 for detail by derivative instrument and risk type.
(b)
Included in 2009 are net gains of $316 million in pre-tax earnings related to unhedged currency exposure primarily from cross-border intercompany lending.
(c)
Included in 2011 is a $60 million net gain for foreign currency translation adjustments related to the strategic decision to exit retail and wholesale financing in certain Asia-Pacific Africa markets. See Note 13 for additional information.