Other income (expense), net, for the years ended December 31, 2013, 2012 and 2011 consisted of the following (in millions):
| | | | | | | | | | | | | | | Year Ended December 31, |
| | | | | | | | | | | | | | | 2013 | | 2012 | | 2011 |
| Income (loss) from equity-method investments, net(a)(b) | $ | 19 | | $ | 454 | | $ | (88) |
| Loss on equity award reimbursement obligation to Time Warner | | (10) | | | (9) | | | (5) |
| Gain on sale of investment in Clearwire(b) | | — | | | 64 | | | — |
| Other investment losses(c) | | — | | | (12) | | | — |
| Other | | 2 | | | — | | | 4 |
| Other income (expense), net | $ | 11 | | $ | 497 | | $ | (89) |
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- Income from equity-method investments, net, in 2012 primarily consists of a pretax gain of $430 million associated with SpectrumCo's sale of its advanced wireless spectrum licenses to Verizon Wireless (refer to Note 5 for further details).
- Loss from equity-method investments, net, in 2011 primarily consists of losses incurred by Clearwire Communications. As of the end of the third quarter of 2011, the balance of the Company's investment in Clearwire Communications was zero and, as discussed in Note 5, on September 27, 2012, the Company sold all of its interest in Clearwire, resulting in the gain noted above.
- Other investment losses in 2012 represents an impairment of the Company's investment in Canoe Ventures LLC, an equity-method investee.
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