R. OTHER INCOME (EXPENSE), NET
Other, net, which is included in other income (expense), net, was as follows, in millions:
| |
2013 | 2012 | 2011 | |||||||
|---|---|---|---|---|---|---|---|---|---|---|
|
Income from cash and cash investments |
$ | 3 | $ | 6 | $ | 8 | ||||
|
Other interest income |
2 | 1 | 1 | |||||||
|
Income from financial investments, net (Note E) |
11 | 22 | 73 | |||||||
|
Other items, net |
(20 | ) | (4 | ) | (5 | ) | ||||
| | | | | | | | | | | |
|
Total other, net |
$ | (4 | ) | $ | 25 | $ | 77 | |||
| | | | | | | | | | | |
| | | | | | | | | | | |
In 2013, in conjunction with the transaction to sell the Danish ready-to-assemble cabinet business (included in discontinued operations), the Company also disposed of a related Danish holding company. This disposition triggered the settlement of loans, which resulted in the recognition of $18 million of currency translation expense, which is included in other income (expense) from continuing operations in the statement of operations.
Other items, net, included realized foreign currency transaction losses of $18 million (discussed above), $2 million and $5 million in 2013, 2012 and 2011, respectively, as well as other miscellaneous items.