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Other (Income) Expense - Net | 9 Months Ended
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Sep. 30, 2014
Other Income and Expenses [Abstract] |
Other (Income) Expense - Net | Other (Income) Expense - Net The following tables set forth the items in other (income) expense:
| Three Months Ended |  | Nine Months Ended
| September 30, |  | September 30,
| 2014 |  | 2013 |  | 2014 |  | 2013
| (In millions)
Gains on sales of assets | $ | (163 | ) |  | $ | (6 | ) |  | $ | (197 | ) |  | $ | (27 | )
Net gain on marketable securities transactions | — |  |  | (2 | ) |  | — |  |  | (7 | )
Loss (Gain) on foreign exchange hedges | 102 |  |  | (26 | ) |  | 102 |  |  | 25 |
Other – net | 5 |  |  | (1 | ) |  | 19 |  |  | (1 | )
Other (Income) Expense - Net | $ | (56 | ) |  | $ | (35 | ) |  | $ | (76 | ) |  | $ | (10 | )
Gains on sales of assets for the three and nine months ended September 30, 2014 includes a gain of $156 million upon the Company's effective dilution in the Pacificor (formerly Kalama Export Company) joint venture, resulting from the contribution of additional assets by another member in exchange for new equity units. The transaction occurred on September 30, 2014, and the gain was determined on a preliminary basis subject to a final valuation which will be completed in the fourth quarter of 2014. The loss on foreign exchange hedges for the three and nine months ended September 30, 2014 was due to losses on Euro foreign currency derivative contracts entered into to economically hedge the anticipated Wild Flavors acquisition (see Note 15). The loss (gain) on foreign exchange hedges for the three and nine months ended September 30, 2013 was due to losses (gains) on Australian dollar foreign currency derivative contracts entered into to economically hedge the proposed GrainCorp Limited (GrainCorp) acquisition.

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- Definition The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 225 -SubTopic 10 -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03.3,6,7,9) -URI http://asc.fasb.org/extlink&oid=26872669&loc=d3e20235-122688 Reference 2: http://www.xbrl.org/2003/role/presentationRef -Publisher SEC -Name Regulation S-X (SX) -Number 210 -Section 03 -Paragraph 3, 6, 7, 9 -Article 5 + Details
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