v3.3.1.900
Other Income, Net
 12 Months Ended
Dec. 31, 2015
Other Income and Expenses [Abstract]  
Other Income, Net
OTHER INCOME, NET
Other income, net included:
 
Year Ended December 31,
 
2015
 
2014
 
2013
 
(in millions)
Interest income
$
5

 
$
10

 
$
14

Loss on extinguishment of debt
(58
)
 
(34
)
 
(39
)
Costs associated with acquisitions
(41
)
 
(6
)
 
—

Gain on insurance recovery
—

 
14

 
—

Contingent consideration liability fair value adjustment
7

 
—

 
—

Other, net
(1
)
 
8

 
7

Other (expense) income, net
$
(88
)
 
$
(8
)
 
$
(18
)

During the year ended December 31, 2015, as further discussed in Note 11. Debt, Delphi redeemed for cash the entire aggregate principal amount outstanding of the 6.125% Senior Notes and, as further discussed in Note 20. Acquisitions and Divestitures, cancelled the Senior Bridge Credit Agreement, resulting in losses on extinguishment of debt of approximately $52 million and $6 million, respectively. During the year ended December 31, 2015, Delphi incurred approximately $23 million in transaction costs related to the acquisition of HellermannTyton and, as further discussed in Note 17. Derivatives and Hedging Activities, recorded a loss of $15 million on option contracts entered into in order to hedge portions of the currency risk associated with the acquisition of HellermannTyton, which are reflected within costs associated with acquisitions in the above table. Also, as further discussed in Note 21. Discontinued Operations, during the year ended December 31, 2015, Delphi recorded $8 million for certain fees earned pursuant to the transition services agreement in connection with the sale of the Company's wholly owned Thermal Systems business.
During the year ended December 31, 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 year ended December 31, 2014, Delphi incurred approximately $6 million in transaction costs related to its 2014 acquisitions, which are further discussed in Note 20. Acquisitions and Divestitures. Delphi also 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 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 approximately $39 million.