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Other (income) expense
 12 Months Ended
Dec. 31, 2016
Other Income and Expenses [Abstract]  
Other (income) expense
Other (income) expense
 
Year Ended December 31
 
(in millions of U.S. dollars)
2016

 
2015

 
2014

Equity in net (income) loss of partially-owned entities
$
(264
)
 
$
(113
)
 
$
(231
)
(Gains) losses from fair value changes in separate account assets (1)
(11
)
 
19

 
(2
)
Federal excise and capital taxes
19

 
19

 
20

Acquisition-related costs (2)
2

 
9

 
15

Other
32

 
15

 
8

Other (income) expense
$
(222
)
 
$
(51
)
 
$
(190
)

(1) Related to (gains) losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP.
(2) Excludes integration costs related to the Chubb Corp acquisition.

Other (income) expense includes equity in net (income) loss of partially-owned entities, which includes our share of net (income) loss related to partially-owned investment companies (private equity) and partially-owned insurance companies. Also included in Other (income) expense are (Gains) losses from fair value changes in separate account assets that do not qualify for separate account reporting under GAAP. The offsetting movement in the separate account liabilities is included in Policy benefits in the Consolidated statements of operations. Certain federal excise and capital taxes incurred as a result of capital management initiatives are included in Other (income) expense as these are considered capital transactions and are excluded from underwriting results.