Other Income (Expense) consisted of the following:
|
| | | | | | | | | | | | |
In millions | | 2013 | | 2012 | | 2011 |
Interest income | | $ | 50 |
| | $ | 38 |
| | $ | 38 |
|
Gain on acquisition of controlling interest in an equity investment | | 30 |
| | — |
| | — |
|
Income from investments | | 12 |
| | 11 |
| | 17 |
|
Gain (loss) on disposal of operations and affiliates | | (5 | ) | | (2 | ) | | 2 |
|
Gain (loss) on foreign currency transactions, net | | (5 | ) | | (10 | ) | | (3 | ) |
Equity loss in Wilsonart | | (14 | ) | | (30 | ) | | — |
|
Other, net | | 4 |
| | 4 |
| | (1 | ) |
| | $ | 72 |
| | $ | 11 |
| | $ | 53 |
|
On January 31, 2013, the Company acquired the controlling interest of an existing consumer packaging business in the Specialty Products segment previously accounted for under the equity method. The Company recorded a pre-tax gain of $30 million in Other income (expense) in the first quarter of 2013 as a result of remeasuring the Company's existing equity interest to fair value by determining the implied equity value using a Level 3 valuation method.
