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Other Expense, net | 12 Months Ended
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Dec. 31, 2016
Other Expense, net |
Other Expense, net | 15. Other Expense, net Other expense, net for the years ended December 31, 2016, 2015 and 2014 included the following:
|  | 2016 |  | 2015 |  | 2014 |
Restructuring, asset impairment and other charges |  | $ | 104 |  | $ | 75 |  | $ | 68 |
Intangible amortization expense |  |  | 39 |  |  | 21 |  |  | 1 |
Impairment of equity investment |  |  | 25 |  |  |  |  |  |  |
Charge for asbestos related costs |  |  |  |  |  | 16 |  |  | 46 |
Gain on China land compensation |  |  | (71) |  |  |  |  |  |  |
Royalty income |  |  | (13) |  |  | (12) |  |  | (12) |
Strategic transaction costs |  |  |  |  |  | 23 |  |  |  |
Acquisition-related fair value intangible adjustments |  |  |  |  |  | 10 |  |  |  |
Non-income tax charge |  |  |  |  |  |  |  |  | 69 |
Foreign currency exchange loss (gain) |  |  | 6 |  |  | (10) |  |  | (2) |
Other expense (income) |  |  | (14) |  |  | (12) |  |  | 24 |
|  | $ | 76 |  | $ | 111 |  | $ | 194 |
In 2016, the Company evaluated the future estimated earnings and cash flow of an equity investment and determined that it was other-than-temporarily impaired. As such, the Company recorded an impairment charge of $25 million to reduce its carrying value down to its estimated fair value. The Company classified the significant assumptions used to determine the fair value of the impaired assets as Level 3 in the fair value hierarchy as set forth in the general accounting principles for fair value measurements. In 2014, the Company recorded a charge of $69 million resulting from a non-income tax assessment from a foreign tax authority.

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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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