THERMO FISHER SCIENTIFIC INC. | 2013 | FY | 3


Note 4.       Other Expense, Net

       The components of other expense, net, in the accompanying statement of income are as follows:

(In millions) 2013 2012 2011
            
Interest Income $ 28.0 $ 25.2 $ 26.8
Interest Expense   (262.1)   (241.6)   (175.3)
Other Items, Net   (56.0)   3.7   30.5
            
  $ (290.1) $ (212.7) $ (118.0)

Other Items, Net

       In 2013, other items, net includes $74 million of charges related to amortization of fees paid to obtain bridge financing commitments related to the Life Technologies Acquisition offset in part by $5 million of gains from sales of equity investments. Additionally, the company irrevocably contributed appreciated available-for-sale investments that had a fair value of $27 million to two of its U.K. defined benefit plans, resulting in realization of a previously unrecognized gain of $11 million.

       In 2011, other items, net includes $28 million of gains on currency exchange contracts associated with the acquisition of Phadia and an $18 million gain on the sale of an equity investment accounted for under the cost method, offset in part by $10 million of fees associated with a short-term financing commitment to fund the Phadia acquisition.


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