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Other Non-Operating Income
9 Months Ended
Sep. 30, 2014
Other Income And Expenses [Abstract]  
Other Non-Operating Income

10. Other Non-operating Income

 

In the first quarter of 2014, the Corporation recorded a charge of $84 million ($52 million after income taxes) to reduce to fair value its investment in the Bayonne Energy Center (BEC) joint venture (Hess 50%) based on a Level 3 fair value measurement. This charge was included in Other, net in the Statement of Consolidated Income. During the third quarter of 2014, the Corporation divested its interest in the BEC joint venture. See Note 4, Dispositions, in the Notes to the Consolidated Financial Statements.

 

Pre-tax foreign currency gains (losses) included in Other, net in the Statement of Consolidated Income amounted to the following:

 

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2014

 

 

2013

 

 

2014

 

 

2013

 

 

 

(In millions)

 

Pre-tax foreign currency gains (losses)

 

$

19

 

 

$

(7

)

 

$

(6

)

 

$

(58

)