Rendering
Component: (Network and Table) |
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Network | 2305301 - Disclosure - Other Income (Expense), Net (Tables) (http://www.resolutefp.com/role/OtherIncomeExpenseNetTables) |
Table | (Implied) |
Slicers (applies to each fact value in each table cell)
Reporting Entity [Axis] | 0001393066 (http://www.sec.gov/CIK) |
Other Income and Expenses [Abstract] | Period [Axis] |
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2016-01-01 - 2016-12-31 |
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Other Income and Expenses [Abstract] | |
Other Income (Expense), Net | Other income (expense), net for the years ended December 31, 2016, 2015 and 2014, was comprised of the following: | | | | | | | | | | | | | | (In millions) | 2016 | | | 2015 | | | 2014 | | | Foreign exchange loss | $ | (7 | ) | | $ | (4 | ) | | $ | (32 | ) | | Gain on disposition of equity method investment (1) | | 5 |
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| | Write-down of equity method investment (2) | | — |
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| | | (61 | ) | | Miscellaneous income | | 9 |
| | | 8 |
| | | 10 |
| | | $ | 7 |
| | $ | 4 |
| | $ | (83 | ) | |
| | (1) | On February 1, 2016, we sold for total consideration of $5 million our interest in Produits Forestiers Petit-Paris Inc., an unconsolidated entity located in Saint-Ludger-de-Milot, Quebec, in which we had a 50% interest, resulting in a gain on disposition of $5 million. |
| | (2) | As a result of the continued deterioration of actual and projected cash flows in Ponderay Newsprint Company, a partnership in which we have a 40% interest, we recorded an other-than-temporary write-down of $61 million in 2014. The carrying value of the investment was reduced to a fair value of nil, which was determined using the discounted cash flow method. |
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