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Other (Income) Expense | 3 Months Ended
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Mar. 31, 2017
Other Income and Expenses [Abstract] |
OTHER (INCOME) EXPENSE | OTHER (INCOME) EXPENSE
| Three Months Ended |
| March 31, |
(In millions) | 2017 |  | 2016 |
Financing fees and financial instruments | $ | 8 |  |  | $ | 16 |  |
Royalty income | (5 | ) |  | (4 | ) |
Interest income | (4 | ) |  | (4 | ) |
General and product liability expense (income) - discontinued products | 2 |  |  | (2 | ) |
Net foreign currency exchange (gains) losses | (1 | ) |  | (2 | ) |
Net (gains) losses on asset sales | (1 | ) |  | (1 | ) |
Miscellaneous expenses | 1 |  |  | 3 |  |
| $ | — |  |  | $ | 6 |  |
Other (Income) Expense includes financing fees and financial instruments expense which consists of commitment fees and charges incurred in connection with financing transactions, royalty income which is derived primarily from licensing arrangements related to divested businesses as well as other licensing arrangements, interest income which primarily consists of amounts earned on cash deposits, general and product liability expense (income) - discontinued products which consists of charges for claims against us related primarily to asbestos personal injury claims, net of probable insurance recoveries, net foreign currency exchange (gains) and losses, and net (gains) and losses on asset sales.

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- References No definition available. + Details
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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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