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OTHER CHARGES (INCOME), NET | 12 Months Ended
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Dec. 31, 2016
Other Income and Expenses [Abstract] |
OTHER CHARGES (INCOME), NET | OTHER (INCOME) CHARGES, NET
| For years ended December 31,
(Dollars in millions) | 2016 |  | 2015 |  | 2014
Foreign exchange transaction losses (gains), net | $ | 27 |  |  | $ | 6 |  |  | $ | (7 | )
Financing costs related to the acquisition of Taminco | — |  |  | — |  |  | 10 |
(Income) loss from equity investments and other investment (gains) losses, net | (15 | ) |  | (15 | ) |  | (13 | )
Gain from sale of equity investment in Primester joint venture | (17 | ) |  | — |  |  | — |
Other, net | (1 | ) |  | 1 |  |  | (5 | )
Other (income) charges, net | $ | (6 | ) |  | $ | (8 | ) |  | $ | (15 | )
Included in other (income) charges, net are losses or gains on foreign exchange transactions, equity investments, business venture investments, non-operating assets, and certain litigation costs and earnings. Net losses from foreign exchange non-qualifying derivatives were partially offset by foreign exchange transaction gains, net, which include the revaluation of foreign entity assets and liabilities, both items impacted primarily by the euro in 2016. See Note 10, "Derivative and Non-Derivative Financial Instruments". Included in 2016 other (income) charges, net is a gain of $17 million from the sale of the Company's interest in the Primester joint venture equity investment. For additional information, see Note 6, "Equity Investments". Additionally, 2016 other (income) charges, net includes cost of disposition of claims against operations that were discontinued by Solutia prior to the Company's acquisition of Solutia in 2012.

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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=63488584&loc=d3e20235-122688 + Details
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