OTHER CHARGES (INCOME), NET
|
| | | | | | | | | | | |
| For years ended December 31, |
(Dollars in millions) | 2013 | | 2012 | | 2011 |
Foreign exchange transactions (gains) losses, net | $ | 7 |
| | $ | (4 | ) | | $ | (2 | ) |
Solutia financing costs | — |
| | 23 |
| | — |
|
Investments (gains) losses, net | (5 | ) | | (9 | ) | | (16 | ) |
Other, net | 1 |
| | (2 | ) | | (2 | ) |
Other charges (income), net | $ | 3 |
| | $ | 8 |
| | $ | (20 | ) |
Included in other charges (income), net are gains or losses on foreign exchange transactions, results from equity investments, gains or losses on business venture investments, gains from the sale of non-operating assets, certain litigation costs, fees on securitized receivables, other non-operating income, and other miscellaneous items. Financing costs recorded in "Other Charges (Income), Net" in 2012 were primarily fees for Solutia acquisition borrowings. Investment gains in 2011 included sales of business venture investments.
