v2.4.0.8
Other Income, Net
 6 Months Ended
Jun. 30, 2014
Other Income and Expenses [Abstract]  
Other Income, Net
OTHER INCOME, NET
Other income, net included:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2014
 
2013
 
2014
 
2013
 
 
 
 
 
 
 
 
 
(in millions)
Interest income
$
2

 
$
4

 
$
4

 
$
7

Loss on extinguishment of debt
—

 
—

 
(34
)
 
(39
)
Gain on insurance recovery
—

 
—

 
14

 
—

Other, net
1

 
1

 
3

 
3

Other income (expense), net
$
3

 
$
5

 
$
(13
)
 
$
(29
)

As further discussed in Note 8. Debt, during the six months ended June 30, 2014, Delphi redeemed for cash the entire aggregate principal amount outstanding of the 5.875% Senior Notes and repaid a portion of its indebtedness on the Tranche A Term Loan, resulting in a loss on extinguishment of debt of approximately $34 million. Additionally, during the six months ended June 30, 2014, Delphi reached a final settlement with its insurance carrier related to a business interruption insurance claim, and received proceeds from this settlement of approximately $14 million, net of related costs and expenses.
During the six months ended June 30, 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.