Other (Income)/Deductions - Net

12 Months Ended

Dec. 31, 2021

Other Income and Expenses [Abstract]

Other (Income)/Deductions - Net

he components of Other (income)/deductions—net follow:

	Year Ended December 31,
(MILLIONS OF DOLLARS)	2021		2020		2019
Royalty-related income	$	(10)	$	(12)	$	(16)
Interest income	(6)		(12)		(37)
Identifiable intangible asset impairment charges(a)	27		26		—
Net loss/(gain) on sale of assets(b)	3		(19)		(20)
Impairment of an equity investment	—		4		—
Other asset impairment charges	3		4		—
Foreign currency loss(c)	27		21		16
Other, net	4		5		—
Other (income)/deductions—net	$	48	$	17	$	(57)

(a)    For 2021, primarily represents asset impairment charges related to developed technology rights and trademarks in our dairy cattle, diagnostics and aquatic health businesses. For 2020, primarily represents asset impairment charges related to developed technology rights in our precision animal health and aquatic health businesses.

(b)    For 2020 and 2019, represents income resulting from payments received pursuant to an agreement related to the 2016 sale of certain U.S. manufacturing sites.

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