MEADWESTVACO Corp | 2013 | FY | 3


N. Other income, net

Components of other income, net are as follows:

 

     Years ended December 31,  
In millions    2013     2012     2011  

Interest income

   $ 14      $ 11      $ 23   

Equity investment gain

     0        0        10   

Foreign currency exchange (losses) gains

     (4     (5     2   

Transition services

     1        10        4   

Alternative fuel mixture credits1

     24        (15     0   

Insurance settlements

     14        0        0   

Other, net

     10        13        (11
  

 

 

   

 

 

   

 

 

 
   $ 59      $ 14      $ 28   
  

 

 

   

 

 

   

 

 

 

 

1 In the fourth quarter of 2013, the company released $24 million of reserves related to alternative fuel mixture credits. In the fourth quarter of 2012, the company made a determination to claim cellulosic biofuel producer credits in 2013 in exchange for the repayment of $15 million of alternative fuel mixture credits received from excise tax filings during 2009 and 2010.

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