AES CORP | 2013 | FY | 3


OTHER INCOME AND EXPENSE
Other Income
Other income generally includes contract terminations, gains on asset sales and extinguishments of liabilities, favorable judgments on contingencies, and other income from miscellaneous transactions. The components of other income are summarized as follows:
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(in millions)
Contract termination - Beaver Valley
 
$
60

 
$

 
$

Gain on sale of assets
 
12

 
21

 
46

Reversal of legal contingency
 
10

 

 

Insurance proceeds
 

 
38

 
11

Tax credit settlement
 

 

 
31

Gain on extinguishment of tax and other liabilities
 
9

 

 
14

Other
 
34

 
39

 
40

Total other income
 
$
125

 
$
98

 
$
142


Other Expense
Other expense generally includes losses on disposal of assets, losses resulting from debt extinguishments, legal contingencies and losses from other miscellaneous transactions. The components of other expense are summarized as follows:
 
 
Years Ended December 31,
 
 
2013
 
2012
 
2011
 
 
(in millions)
Loss on disposal of assets
 
$
51

 
$
64

 
$
66

Contract termination
 
7

 

 

Other
 
18

 
18

 
20

Total other expense
 
$
76

 
$
82

 
$
86


us-gaap:OtherIncomeAndOtherExpenseDisclosureTextBlock