Activity for the Service Alignment Initiative liability for fiscal 2019 and fiscal 2018 was as follows: Other (income)/expense, net consists of the following: The charges within non-service components of pension expense, net include $48.2 million of non-cash settlement charges and of special termination benefits related to the Voluntary Early Retirement Program (“VERP”), for the twelve months ended June 30, 2019, offset by $54.9 million related to other components of net periodic pension cost for the twelve months ended June 30, 2019. Refer to Note 1 and Note 12 for further information. In fiscal 2019, the Company wrote down $12.1 million of internally developed software which was determined to have no future use due to redundant software identified as part of a recent acquisition. Additionally in fiscal 2019, the Company recognized a gain of $4.1 million for the sale of assets in relation to the Service Alignment Initiative, and a gain $15.7 million in relation to the sale of investment held at cost acquired in prior years and subsequently sold, in Other (income)/expense, net, on the Statement of Consolidated Earnings. 64 NOTE 6. OTHER (INCOME)/EXPENSE, NET Years ended June 30, 2019 2018 2017 Interest income on corporate funds $ (97.6 ) $ (83.5 ) $ (76.7 ) Realized gains on available-for-sale securities (1.8) (2.0) (5.3) Realized losses on available-for-sale securities 2.7 4.5 3.1 Impairment of intangible assets 12.1 — — Gain on sale of assets (4.1 ) (0.7 ) — Gain on sale of investment (15.7) — — Gain on sale of business — — (205.4 ) Non-service components of pension expense, net (6.7) 253.8 (58.9) Other (income)/expense, net $ (111.1 ) $ 172.1 $ (343.2 ) Employee separation benefits Other initiative costs Total Balance at June 30, 2017 $ 73.9 $ 0.5 $ 74.4 Charged to expense 38.8 5.1 43.9 Reversals (23.4 ) — (23.4 ) Cash payments (35.3) (4.4) (39.7) Non-cash utilization — (0.7 ) (0.7 ) Balance at June 30, 2018 $ 54.0 $ 0.5 $ 54.5 Charged to expense 4.1 2.7 6.8 Reversals (26.6) — (26.6) Cash payments (19.9 ) (2.8 ) (22.7 ) Balance at June 30, 2019 $ 11.6 $ 0.4 $ 12.0