Other Income, Net (Tables)

3 Months Ended

Jun. 30, 2024

Other Income and Expenses [Abstract]

Schedule of other nonoperating income (expense)

Other expenses (income), net consists of the following.

	Three Months Ended June 30,
in millions	2024		2023
Sierre flood
Fixed asset charges	$	30	$	—
Inventory charges	10		—
Total Sierre flood	40		—
Currency losses, net(1)	1		4
Unrealized gains on change in fair value of derivative instruments, net(2)	(7)		(4)
Realized losses (gains) on change in fair value of derivative instruments, net(2)	26		(24)
Loss on sale or disposal of assets, net	1		—
Interest income	(8)		(7)
Non-operating net periodic benefit cost(3)	(1)		(1)
Other, net	8		5
Other expenses (income), net	$	60	$	(27)

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(1)Includes losses recognized on balance sheet remeasurement currency exchange contracts, net. See Note 8 – Currency Losses (Gains) for further details.

(2)See Note 9 – Financial Instruments and Commodity Contracts for further details.

(3)Represents net periodic benefit cost, exclusive of service cost for the Company's pension and other post-retirement plans. For further details, refer to Note 7 – Postretirement Benefit Plans.