Other (Income)/Deductions - Net

6 Months Ended

Jun. 30, 2022

Other Income and Expenses [Abstract]

Other (Income)/Deductions - Net

7. 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)	2022		2021		2022		2021
Royalty-related income	$	(1)	$	(2)	$	(2)	$	(4)
Interest income	(5)		(2)		(7)		(3)
Net loss on sale of assets(a)	—		3		—		3
Foreign currency loss(b)	14		9		25		12
Other, net	(6)		2		(7)		4
Other (income)/deductions—net	$	2	$	10	$	9	$	12

(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.

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