Other (Income)/Deductions - Net (Tables)

6 Months Ended

Jun. 30, 2021

Other Income and Expenses [Abstract]

Components of Other (Income)/Deductions—Net

The components of Other (income)/deductions—net are as follows:

	Three Months Ended				Six Months Ended
	June 30,				June 30,
(MILLIONS OF DOLLARS)	2021		2020		2021		2020
Royalty-related income	$	(2)	$	(5)	$	(4)	$	(6)
Interest income	(2)		(2)		(3)		(8)
Identifiable intangible asset impairment charges	—		3		—		3
Net loss (gain) on sale of assets(a)	3		(1)		3		(18)
Foreign currency loss(b)	9		6		12		11
Impairment of an equity investment	—		4		—		4
Other, net	2		—		4		(1)
Other (income)/deductions—net	$	10	$	5	$	12	$	(15)

(a)    For the three and six months ended June 30, 2021, represents a net loss related to the sale of certain assets of our poultry automation business located in the U.S. and Canada.

For the six months ended June 30, 2020, primarily represents a net gain resulting from a cash payment received pursuant to an agreement related to the 2016 sale of certain U.S. manufacturing sites.    

(b)    Primarily driven by costs related to hedging and exposures to certain emerging and developed market currencies.