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Other Expense, net
 12 Months Ended
Dec. 31, 2018
Other Expense, net  
Other Expense, net

16.  Other Expense, net

Other expense, net for the years ended December 31, 2018, 2017, and 2016 included the following:

 

 

 

 

 

 

 

 

 

 

 

 

    

2018

    

2017

    

2016

 

Restructuring, asset impairment and other charges

 

$

97

 

$

77

 

$

104

 

Charge for asbestos-related costs

 

 

125

 

 

 

 

 

 

 

Pension settlement charges

 

 

74

 

 

218

 

 

98

 

Intangible amortization expense

 

 

40

 

 

41

 

 

39

 

Impairment of equity investment

 

 

 

 

 

 

 

 

25

 

Gain on China land compensation

 

 

 

 

 

 

 

 

(71)

 

Royalty income

 

 

(13)

 

 

(11)

 

 

(13)

 

Foreign currency exchange loss

 

 

 6

 

 

 5

 

 

 6

 

Non-income tax gain

 

 

(19)

 

 

 

 

 

 

 

Other income (including gains on asset sales), net

 

 

(41)

 

 

(7)

 

 

(14)

 

 

 

$

269

 

$

323

 

$

174

 

 

In 2018, other income, net includes a gain realized on a sale of an asset in Europe (approximately $11 million) and gains recorded on insurance proceeds in the Americas (approximately $11 million).

In 2016, the Company evaluated the future estimated earnings and cash flow of an equity investment and determined that it was other-than-temporarily impaired. As such, the Company recorded an impairment charge of $25 million to reduce its carrying value down to its estimated fair value. The Company classified the significant assumptions used to determine the fair value of the impaired assets as Level 3 in the fair value hierarchy.