MASCO CORP /DE/ | 2013 | FY | 3


R. OTHER INCOME (EXPENSE), NET

        Other, net, which is included in other income (expense), net, was as follows, in millions:

 
  2013   2012   2011  

Income from cash and cash investments

  $ 3   $ 6   $ 8  

Other interest income

    2     1     1  

Income from financial investments, net (Note E)

    11     22     73  

Other items, net

    (20 )   (4 )   (5 )
               

Total other, net

  $ (4 ) $ 25   $ 77  
               
               

        In 2013, in conjunction with the transaction to sell the Danish ready-to-assemble cabinet business (included in discontinued operations), the Company also disposed of a related Danish holding company. This disposition triggered the settlement of loans, which resulted in the recognition of $18 million of currency translation expense, which is included in other income (expense) from continuing operations in the statement of operations.

        Other items, net, included realized foreign currency transaction losses of $18 million (discussed above), $2 million and $5 million in 2013, 2012 and 2011, respectively, as well as other miscellaneous items.


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