Other Income, Net

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Other Income, Net

Note 17 — Other Income, Net

Other income, net consists of the following:

	Years ended December 31,
	2023			2022		2021
Gain on disposal of operations (i)	$	43		$	7	$	379
Net periodic pension and postretirement benefit credits		109			272		303
Interest in earnings of associates and other investments		3			4		8
Foreign exchange (loss)/gain (ii)		(11	)		—		8
Other		5			5		3
Other income, net	$	149		$	288	$	701

(i)For the year ended December 31, 2022, includes a $24 million non-cash revaluation gain related to an acquisition completed in stages.

(ii)Includes the offsetting effects of the Company's foreign currency hedging program. See Note 10 — Derivative Financial Instruments.