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Other Income
 12 Months Ended
Dec. 31, 2012
Other Income and Expenses [Abstract]  
OTHER INCOME
OTHER INCOME

Other income consists of various line items that are combined on the income statement due to their respective materiality compared with other individual income and expense items.

The amounts included in Other income, net are as follows for the years ended December 31 (in millions):
 
2012
 
2011
 
2010
Gains/(Losses) on extinguishment of debt
$
(14
)
 
$
(66
)
 
$
(139
)
Gains/(Losses) on derivatives (a)
(352
)
 
33

 
64

Currency revaluation gains/(losses) (a)(b)
236

 
(11
)
 
(92
)
Interest and investment income
85

 
98

 
109

Insurance fee income
65

 
83

 
79

Other
266

 
165

 
202

Total other income, net
$
286

 
$
302

 
$
223

__________
(a)
Currency revaluation gains/(losses) primarily related to foreign denominated debt were mostly offset by gains/(losses) on derivatives. See Note 8 for detail by derivative instrument and risk type.
(b)
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 markets. See Note 17 for additional information.