23. OTHER INCOME AND EXPENSES, NET
The components of Other income and expenses, net on the Consolidated Statements of Operations are as follows.
| Year Ended December 31, 2013 | |||||||||||||||||||||
| (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||
| Interest income | $ | 26 | $ | 1 | $ | 7 | $ | 1 | $ | 3 | $ | 6 | $ | 6 | |||||||
| Foreign exchange losses | (18) | ― | ― | ― | ― | ― | ― | ||||||||||||||
| AFUDC equity | 157 | 91 | 50 | 42 | 8 | 1 | 15 | ||||||||||||||
| Deferred returns | 39 | 32 | 7 | 7 | ― | ― | ― | ||||||||||||||
| Other income (expense) | 58 | (4) | 30 | 7 | 19 | (3) | (3) | ||||||||||||||
| Other income and expense, net | $ | 262 | $ | 120 | $ | 94 | $ | 57 | $ | 30 | $ | 4 | $ | 18 | |||||||
| Year Ended December 31, 2012 | |||||||||||||||||||||
| (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||
| Interest income | $ | 50 | $ | 11 | $ | 2 | $ | 1 | $ | 1 | $ | 10 | $ | 7 | |||||||
| Foreign exchange losses | (5) | ― | ― | ― | ― | ― | ― | ||||||||||||||
| AFUDC equity | 300 | 154 | 106 | 69 | 37 | 6 | 84 | ||||||||||||||
| Deferred returns | 24 | 24 | ― | ― | ― | ― | ― | ||||||||||||||
| Other income (expense) | 28 | (4) | 22 | 9 | 1 | (3) | (1) | ||||||||||||||
| Other income and expense, net | $ | 397 | $ | 185 | $ | 130 | $ | 79 | $ | 39 | $ | 13 | $ | 90 | |||||||
| Year Ended December 31, 2011 | |||||||||||||||||||||
| (in millions) | Duke Energy | Duke Energy Carolinas | Progress Energy | Duke Energy Progress | Duke Energy Florida | Duke Energy Ohio | Duke Energy Indiana | ||||||||||||||
| Interest income | $ | 53 | $ | 10 | $ | 2 | $ | 1 | $ | 1 | $ | 14 | $ | 14 | |||||||
| Foreign exchange gains | 2 | ― | ― | ― | ― | ― | ― | ||||||||||||||
| AFUDC equity | 260 | 168 | 103 | 71 | 32 | 5 | 88 | ||||||||||||||
| Contingent value obligations mark-to-market loss | ― | ― | (59) | ― | ― | ― | ― | ||||||||||||||
| Deferred returns | 10 | 10 | ― | ― | ― | ― | ― | ||||||||||||||
| Other income (expense) | 51 | (2) | 6 | 8 | (3) | ― | (5) | ||||||||||||||
| Other income and expense, net | $ | 376 | $ | 186 | $ | 52 | $ | 80 | $ | 30 | $ | 19 | $ | 97 | |||||||