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Supplementary Information | 9 Months Ended
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Sep. 30, 2017
Other Income and Expenses [Abstract] |
Sundry Income (Expense) Net |
Sundry Income (Expense) - Net | Successor | Predecessor
(In millions) | For the Period September 1 - September 30, 2017 | For the Period July 1 - August 31, 2017 | Three Months Ended September 30, 2016 | For the Period Jan. 1 - August 31, 2017 | Nine Months Ended September 30, 2016
Royalty income 1 |  | $ | 11 |  | $ | 27 |  | $ | 84 |  | $ | 108 |
Interest income | $ | 12 |  | 26 |  | 30 |  | 83 |  | 71 |
Equity in (losses) earnings of affiliates - net | (4 | ) | 13 |  | 22 |  | 55 |  | 60 |
Net gain on sales of businesses and other assets 2,3 | 1 |  | 2 |  | — |  | 205 |  | 384 |
Net exchange gains (losses) | 77 |  | (195 | ) | (76 | ) | (394 | ) | (212 | )
Miscellaneous income and expenses - net 4 | 2 |  | 31 |  | (18 | ) | 133 |  | (4 | )
Sundry income (expense) - net | $ | 88 |  | $ | (112 | ) | $ | (15 | ) | $ | 166 |  | $ | 407 |
1. | In the Successor period, royalty income of $9 million is included in Net Sales.
2. | Includes a pre-tax gain of $162 million ($86 million net of tax) for the period January 1 through August 31, 2017 related to the sale of the global food safety diagnostic business. See Note 4 for additional information.
3. | Includes a pre-tax gain of $369 million ($214 million net of tax) for the nine months ended September 30, 2016 related to the sale of DuPont (Shenzhen) Manufacturing Limited. See Note 4 for additional information.
4. | Miscellaneous income and expenses - net, includes interest items, gains (losses) on available for sale securities, gains related to litigation settlements, licensing income, gains on purchases, and other items.
The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. 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 (losses) are largely taxable (tax deductible) in the United States (U.S.), whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in sundry income (expense) - net and the related tax impact is recorded in provision for income taxes on continuing operations in the interim Consolidated Statements of Operations.
| Successor | Predecessor
(In millions) | For the Period September 1 - September 30, 2017 | For the Period July 1 - August 31, 2017 | Three Months Ended September 30, 2016 | For the Period Jan. 1 - August 31, 2017 | Nine Months Ended September 30, 2016
Subsidiary Monetary Position (Loss) Gain |  |  |  |  |
Pre-tax exchange (loss) gain | $ | (35 | ) | $ | 65 |  | $ | 6 |  | $ | 37 |  | $ | 185 |
Local tax (expenses) benefits | (31 | ) | 88 |  | 18 |  | 217 |  | (29 | )
Net after-tax impact from subsidiary exchange (loss) gain | $ | (66 | ) | $ | 153 |  | $ | 24 |  | $ | 254 |  | $ | 156 |
Hedging Program Gain (Loss) |  |  |  |  |
Pre-tax exchange gain (loss) | $ | 112 |  | $ | (260 | ) | $ | (82 | ) | $ | (431 | ) | $ | (397 | )
Tax (expenses) benefits | (40 | ) | 94 |  | 30 |  | 155 |  | 143 |
Net after-tax impact from hedging program exchange gain (loss) | $ | 72 |  | $ | (166 | ) | $ | (52 | ) | $ | (276 | ) | $ | (254 | )
Total Exchange Gain (Loss) |  |  |  |  |
Pre-tax exchange gain (loss) | $ | 77 |  | $ | (195 | ) | $ | (76 | ) | $ | (394 | ) | $ | (212 | )
Tax (expenses) benefits | $ | (71 | ) | $ | 182 |  | $ | 48 |  | $ | 372 |  | $ | 114 |
Net after-tax exchange gain (loss) | $ | 6 |  | $ | (13 | ) | $ | (28 | ) | $ | (22 | ) | $ | (98 | )

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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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