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Other Income, Net | 12 Months Ended
--- | ---
Dec. 31, 2016
Other Income and Expenses [Abstract] |
Other Income, Net | OTHER INCOME, NET
| 2016 | 2015 | 2014
Royalty income | $ | 170 |  | $ | 138 |  | $ | 156 |
Interest income | 107 |  | 129 |  | 129 |
Equity in earnings (loss) of affiliates, net | 99 |  | 49 |  | (36 | )
Net gains on sales of businesses and other assets 1 | 435 |  | 92 |  | 710 |
Net exchange (losses) gains | (106 | ) | 30 |  | 196 |
Miscellaneous income and expenses, net 2 | 3 |  | 259 |  | 122 |
Other income, net | $ | 708 |  | $ | 697 |  | $ | 1,277 |
1. | Includes a pre-tax gain of $369 ($214 net of tax) for the year ended December 31, 2016 related to the sale of DuPont (Shenzhen) Manufacturing Limited. See Note 3 for additional information.
2. | Miscellaneous income and expenses, net, includes interest items, gains related to litigation settlements, gains/losses on available-for-sale securities and other items.
The following table summarizes the impacts of the company's foreign currency hedging program on the company's results from operations for the years ended December 31, 2016, 2015 and 2014. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains are largely taxable in the U.S., whereas the offsetting exchange losses on the re-measurement of the net monetary asset positions are often not tax deductible in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income, net and the related tax impact is recorded in provision for income taxes on continuing operations on the Consolidated Income Statements.
| 2016 | 2015 | 2014
Subsidiary/Affiliate Monetary Position Gain (Loss) |  |  |
Pretax exchange gain (loss) | $ | 198 |  | $ | (404 | ) | $ | (411 | )
Local tax expenses | (126 | ) | (61 | ) | (207 | )
Net after-tax impact from subsidiary exchange gain (loss) | $ | 72 |  | $ | (465 | ) | $ | (618 | )
Hedging Program Gain (Loss) |  |  |
Pretax exchange (loss) gain | $ | (304 | ) | $ | 434 |  | $ | 607 |
Tax benefits (expenses) | 110 |  | (157 | ) | (212 | )
Net after-tax impact from hedging program exchange (loss) gain | $ | (194 | ) | $ | 277 |  | $ | 395 |
Total Exchange Gain (Loss) |  |  |
Pretax exchange (loss) gain | $ | (106 | ) | $ | 30 |  | $ | 196 |
Tax expenses | (16 | ) | (218 | ) | (419 | )
Net after-tax exchange loss | $ | (122 | ) | $ | (188 | ) | $ | (223 | )

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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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