v3.2.0.727
Other Income, Net
 6 Months Ended
Jun. 30, 2015
Other Income and Expenses [Abstract]  
Other Income, Net
OTHER INCOME, NET
Other income (expense), net included:
 
Three Months Ended June 30,
 
Six Months Ended June 30,
 
2015
 
2014
 
2015
 
2014
 
 
 
 
 
 
 
 
 
(in millions)
Interest income
$
1

 
$
2

 
$
2

 
$
4

Loss on extinguishment of debt
—

 
—

 
(52
)
 
(34
)
Costs associated with acquisitions
(1
)
 
—

 
(1
)
 
—

Gain on insurance recovery
—

 
—

 
—

 
14

Other, net
(2
)
 
1

 
(5
)
 
2

Other (expense) income, net
$
(2
)
 
$
3

 
$
(56
)
 
$
(14
)

As further discussed in Note 8. Debt, during the six months ended June 30, 2015, Delphi redeemed for cash the entire aggregate principal amount outstanding of the 6.125% Senior Notes, resulting in a loss on debt extinguishment of approximately $52 million.
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.