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Other (Loss)/Income, Net (Tables)
3 Months Ended
Mar. 31, 2025
Other Income and Expenses [Abstract]  
Schedule of Other Nonoperating Income

Other (loss)/income, net consists of the following:

 

 

 

Three Months Ended
March 31,

 

 

 

2025

 

 

2024

 

Gain on disposal of operations

 

$

14

 

 

$

 

Net periodic pension and postretirement benefit credits (i)

 

 

(75

)

 

 

22

 

Foreign exchange (loss)/gain (ii)

 

 

(4

)

 

 

3

 

Other

 

 

1

 

 

 

1

 

Other (loss)/income, net

 

$

(64

)

 

$

26

 

 

(i)
For the three months ended March 31, 2025, includes a pension settlement charge of $82 million. See Note 12 — Retirement Benefits.
(ii)
Includes the offsetting effects of the Company's foreign currency hedging program. See Note 9 — Derivative Financial Instruments.