OTHER (INCOME) EXPENSE

6 Months Ended

Jun. 30, 2012

Other Income Expense [Abstract]

Other (income) expense Text Block

Note 5. Other (Income) Expense

		Three Months Ended				Six Months Ended
		June 30,				June 30,
		2012		2011		2012		2011
Equity (income)/loss of affiliated companies	$	(14)	$	(14)	$	(24)	$	(23)
Loss/(gain) on sale of non-strategic businesses
and assets		1		(2)		1		(46)
Interest income		(14)		(14)		(28)		(27)
Foreign exchange		3		10		13		18
Other, net		1		(2)		-		27
	$	(23)	$	(22)	$	(38)	$	(51)

Gain on sale of non-strategic businesses and assets in the six months ended June 30, 2011 includes a $41 million pre-tax gain, $25 million net of tax, related to the divestiture of the automotive on-board sensor products business within our Automation and Control Solutions segment.

Other, net in the six months ended June 30, 2011 includes a loss of $29 million resulting from early redemption of debt.