Other Operating (Income) Expense - Net (Tables)

3 Months Ended

Mar. 31, 2026

Details of other operating (income) expense-net

Details of other operating (income) expense—net are as follows:


	Three months ended March 31,
	2026		2025
	(in millions)


Loss on disposal of property, plant and equipment	$	2	$	1


Loss on foreign currency transactions(1)	3		2

45Q Tax Credits(2)	(24)		—

Insurance recoveries—property damage(3)	(25)		—
Blue Point joint venture development costs(4)	2		—
Other(5)	(2)		11
Other operating (income) expense—net	$	(44)	$	14

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(1)Loss on foreign currency transactions consists of foreign currency exchange rate impacts on foreign currency denominated transactions.

(2)Represents income earned for tax credits under Section 45Q of the Internal Revenue Code (45Q Tax Credits), which provide a tax credit per metric ton of CO2 captured and disposed of in secure geological storage.

(3)Insurance recoveries relate to property damage incurred in connection with the November 2025 incident at our Yazoo City complex. See Note 6—Property, Plant and Equipment—Net for additional information.

(4)Represents development costs that are not eligible for capitalization and relate to the construction of the low-carbon ammonia production facility at our Blue Point complex.

(5)Other primarily includes costs related to front-end engineering and design studies for our clean energy initiatives and commissioning costs for the decarbonization project at our Donaldsonville complex with carbon capture and sequestration.