OTHER (INCOME) EXPENSE

3 Months Ended

Mar. 31, 2012

Other Income Expense [Abstract]

Other (income) expense Text Block

Note 5. Other (income) expense

		Three Months Ended
		March 31,
		2012		2011
Equity (income)/loss of affiliated companies	$	(10)	$	(9)
Gain on sale of non-strategic businesses and assets		-		(44)
Interest income		(14)		(13)
Foreign exchange		10		8
Other, net		(1)		29
	$	(15)	$	(29)

Gain on sale of non-strategic businesses and assets in the three months ended March 31, 2011includes a $39 million pre-tax gain, $24 million net of tax, related to the divestiture of the automotive on-board sensorproducts business within our Automation and Control Solutions segment.

Other, net in the three months ended March 31, 2011 includes a loss of $29 million resulting from early redemption of debt.