RAYTHEON COMPANY 333 In 1995, through the acquisition of E-Systems, Inc., the Company invested in Space Imaging and currently has a 31 percent equity investment in Space Imaging LLC. In 2002, the Company recorded a $175 million charge to write off the Company’s invest- ment in Space Imaging and accrue for payment under the Company’s guarantee of a Space Imaging credit facility that matured in March 2003. In the first quarter of 2003, the Company paid $130 million related to the credit facility guarantee. In exchange for this payment, the Company received a note from Space Imaging for this amount that the Company has valued at zero. Buy amounts represent the U.S. dollar equivalent of commit- ments to purchase foreign currencies and sell amounts represent the U.S. dollar equivalent of commitments to sell foreign curren- cies. Foreign exchange contracts that do not involve U.S. dollars have been converted to U.S. dollars for disclosure purposes.  Foreign currency forward contracts, used only to fix the dollar value of specific commitments and payments to international ven- dors and the value of foreign currency denominated receipts, have maturities at various dates through 2013 as follows: $617 million in 2004, $180 million in 2005, $106 million in 2006, $56 million in 2007, and $89 million thereafter.  333 NOTE S: OTHER INCOME AND EXPENSE Major currencies and the approximate amounts associated with for- eign exchange contracts consisted of the following at December 31: The components of other expense (income), net were as follows: 2003 2002 (In millions) Buy Sell  Buy Sell British Pounds $485 $210 $438 $149 Canadian Dollars 95 38 7 1 European Euros 47 31 22 31 Arab Emirates Dirham 20 45 — — Australian Dollars 14 9 8 6 Swiss Francs 4 44 — 31 Norwegian Kroner 4 1 4 — All other 1 — 1 — Total $670 $378 $480 $218 (In millions)  2003 2002 2001 Gain on sale of aviation support  business $(82) — $(35) Loss (gain) on debt repurchase 77 $ (2) 24 Equity losses in unconsolidated affiliates 14 26 27 Loss (gain) on sale of investments 7 (4) — Space Imaging charge — 175 — Gain on sale of recreational  marine business — — (39) Other 51 42 29 Total $67 $237 $ 6