Delphi Automotive PLC | 2013 | FY | 3


OTHER INCOME, NET
Other income, net included:
 
Year Ended December 31,
 
2013
 
2012
 
2011
 
(in millions)
Interest income
$
14

 
$
17

 
$
31

Costs associated with initial public offering

 

 
(44
)
Impairment - investment in available-for-sale security

 

 
(6
)
Loss on extinguishment of debt
(39
)
 
(1
)
 
(16
)
Costs associated with MVL acquisition

 
(13
)
 

Other, net
7

 
2

 
20

Other (expense) income, net
$
(18
)
 
$
5

 
$
(15
)

As further discussed in Note 11. Debt, during the year ended December 31, 2013, Delphi amended its Credit Agreement and repaid the entire balance of the Tranche B Term Loan from the Original Credit Agreement, resulting in a loss on extinguishment of debt of $39 million.
During the year ended December 31, 2012, Delphi incurred approximately $13 million in transaction costs related to the acquisition of MVL that was completed in October 2012.
During the year ended December 31, 2011, Delphi incurred approximately $44 million in transaction costs related to our initial public offering completed in November 2011. As further discussed in Note 11. Debt, Delphi paid $47 million and $177 million of the Tranche A Term Loan and Tranche B Term Loan, respectively, and paid $57 million to extinguish senior unsecured five-year notes and recognized a loss on extinguishment of debt of $16 million during the year ended December 31, 2011.

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