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OTHER INCOME | 12 Months Ended
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Dec. 31, 2020
OTHER INCOME |
OTHER INCOME | 7. Other Income Other income consists of the following:
($ millions) |  | 2020 |  | 2019 |  |
Energy trading activities |  |  |  |  |  |
| Gains recognized in earnings |  | 126 |  | 185 |  |
| Losses on inventory valuation |  | (25 | ) | (7 | ) |
Short-term commodity risk management |  | 49 |  | (30 | ) |
Investment and interest income |  | 94 |  | 89 |  |
Insurance proceeds(1) |  | 96 |  | 431 |  |
Other |  | 50 |  | (23 | ) |
|  | 390 |  | 645 |  |
(1) | 2020 includes insurance proceeds for MacKay River within the Oil Sands segment and 2019 includes insurance proceeds for Syncrude and Libyan assets within the Oil Sands segment and Exploration and Production segment, respectively.

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