Covidien plc | 2013 | FY | 3


Other Income, Net
Other income, net was comprised of the following:
(Dollars in Millions)
2013
 
2012
 
2011
Income under Tyco tax sharing agreement (note 20)
$
71

 
$
30

 
$
29

Gain (loss) on investments, net
33

 
4

 
(7
)
Loss on early retirement of debt
(20
)
 
(9
)
 

Gain on demutualization of insurance carrier
5

 

 

Other income, net
$
89

 
$
25

 
$
22


Income under Tyco tax sharing agreement represents the increase to the receivable from Tyco International and TE Connectivity. These amounts reflect 58% of the interest and other income tax payable amounts recorded during each period that are subject to the Tyco tax sharing agreement.
During fiscal 2013, the Company recorded a net gain on investments primarily associated with its acquisition of CVI and the sale of an investment. In addition, the Company paid $41 million in connection with the extinguishment of a capital lease during fiscal 2013, which resulted in a $20 million loss on the early retirement of debt.

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