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Other Expense, Net
 12 Months Ended
Dec. 31, 2016
Other Income and Expenses [Abstract]  
Other Expense, Net [Text Block]
Note 4.
Other Expense, Net
The components of other expense, net, in the accompanying statement of income are as follows:
(In millions)
 
2016

 
2015

 
2014

 
 
 
 
 
 
 
Interest Income
 
$
48.4

 
$
30.6

 
$
47.7

Interest Expense
 
(469.6
)
 
(414.9
)
 
(479.9
)
Other Items, Net
 
(4.1
)
 
(15.5
)
 
16.4

 
 
 
 
 
 
 
Other Expense, Net
 
$
(425.3
)
 
$
(399.8
)
 
$
(415.8
)

Other Items, Net
In all periods, other items, net includes currency transaction gains and losses on monetary assets and liabilities. In 2016, other items, net includes $22 million of charges related to the amortization of fees paid to obtain bridge financing commitments for the acquisition of FEI (Note 2) and $9 million of losses on the early extinguishment of debt, offset in part by $12.5 million of gains on investments. The investment gains include an $8 million gain on the sale of a joint venture for net proceeds of $65 million.
In 2015, other items, net includes costs of $7.5 million associated with entering into interest rate swap arrangements and losses of $12 million for the early extinguishment of debt.
In 2014, other items, net includes $9 million of net gains from equity and available-for-sale investments.