NOTE 17. OTHER (INCOME) EXPENSE, NET
The major components of other (income) expense, net, for the fiscal years ended June 30 were:
| 2013 | 2012 | 2011 | |||||||||
| Income from equity investees | $ | (12 | ) | $ | (11 | ) | $ | (8 | ) | ||
| Gains on fixed asset sales, net | (4 | ) | (2 | ) | (1 | ) | |||||
| Low-income housing partnership gains | (4 | ) | (2 | ) | (13 | ) | |||||
| Income from transition and related services | (3 | ) | (6 | ) | (9 | ) | |||||
| Interest income | (3 | ) | (3 | ) | (3 | ) | |||||
| Foreign exchange transaction losses (gains), net (Note 1) | 11 | 1 | (2 | ) | |||||||
| Amortization of trademarks and other intangible assets (Note 7) | 9 | 9 | 9 | ||||||||
| Other, net | 6 | 1 | 4 | ||||||||
| Total | $ | - | $ | (13 | ) | $ | (23 | ) | |||
Investment in Low-Income Housing Partnerships
The Company owns, directly or indirectly, limited partnership interests of up to 99% in 20 low-income housing partnerships, which are accounted for on the equity basis. The Company's investment balance as of June 30, 2013 and 2012 was $6 and $5, respectively. The purpose of the partnerships is to develop and operate low-income housing rental properties. The general partners, who typically hold 1% of the partnership interests, are third parties unrelated to the Company and its affiliates, and are responsible for controlling and managing the business and financial operations of the partnerships. The partnerships provided the Company with tax benefits from low-income housing tax credits through fiscal year 2012. As a limited partner, the Company is not responsible for any of the liabilities and obligations of the partnerships nor do the partnerships or their creditors have any recourse to the Company other than for the capital requirements. Recovery of the Company's investments in the partnerships is accomplished through the tax benefits of partnership losses and proceeds from the disposition of the properties. The risk that previously claimed low-income housing tax credits might be recaptured or otherwise retroactively invalidated is considered very low. The Company does not consolidate the investment in low-income housing partnerships.