OTHER OPERATING INCOME, NET
Other operating income, net:
| |
• | includes both recurring and occasional income and expense items and |
| |
• | can fluctuate from year to year. |
Various Income and Expense Items Included in Other Operating Income, Net
|
| | | | | | | | | |
DOLLAR AMOUNTS IN MILLIONS |
| 2013 |
| 2012 |
| 2011 |
|
Gain on the sale of non-strategic timberlands | $ | — |
| $ | — |
| $ | (152 | ) |
Gain on postretirement plan amendment (Note 10) | — |
| (103 | ) | — |
|
Gain on disposition of assets | (19 | ) | (28 | ) | (17 | ) |
Foreign exchange (gains) losses, net | 7 |
| (6 | ) | 5 |
|
Land management income | (28 | ) | (27 | ) | (26 | ) |
Litigation expense, net | 16 |
| 12 |
| 5 |
|
Other, net | (1 | ) | (28 | ) | (27 | ) |
Total | $ | (25 | ) | $ | (180 | ) | $ | (212 | ) |
The $152 million pretax gain on sale of non-strategic timberlands in 2011 resulted from the sale of 82,000 acres in southwestern Washington. Timberland exchanges and smaller dispositions are included in our net sales and revenue and cost of products sold.
Foreign exchange (gains) losses result from changes in exchange rates primarily related to our Canadian operations.
Land management income includes income from recreational activities, land permits, grazing rights, firewood sales and other miscellaneous income related to land management activities.
