OTHER INCOME, NET
Other income, net included: |
| | | | | | | | | | | |
| Year Ended December 31, |
| 2013 | | 2012 | | 2011 |
| (in millions) |
Interest income | $ | 14 |
| | $ | 17 |
| | $ | 31 |
|
Costs associated with initial public offering | — |
| | — |
| | (44 | ) |
Impairment - investment in available-for-sale security | — |
| | — |
| | (6 | ) |
Loss on extinguishment of debt | (39 | ) | | (1 | ) | | (16 | ) |
Costs associated with MVL acquisition | — |
| | (13 | ) | | — |
|
Other, net | 7 |
| | 2 |
| | 20 |
|
Other (expense) income, net | $ | (18 | ) | | $ | 5 |
| | $ | (15 | ) |
As further discussed in Note 11. Debt, during the year ended December 31, 2013, Delphi amended its Credit Agreement and repaid the entire balance of the Tranche B Term Loan from the Original Credit Agreement, resulting in a loss on extinguishment of debt of $39 million.
During the year ended December 31, 2012, Delphi incurred approximately $13 million in transaction costs related to the acquisition of MVL that was completed in October 2012.
During the year ended December 31, 2011, Delphi incurred approximately $44 million in transaction costs related to our initial public offering completed in November 2011. As further discussed in Note 11. Debt, Delphi paid $47 million and $177 million of the Tranche A Term Loan and Tranche B Term Loan, respectively, and paid $57 million to extinguish senior unsecured five-year notes and recognized a loss on extinguishment of debt of $16 million during the year ended December 31, 2011.
