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Other (Income)/Deductions - Net
 6 Months Ended
Jun. 30, 2024
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 EndedSix Months Ended
June 30,June 30,
(MILLIONS OF DOLLARS)2024202320242023
Royalty-related income(a)
$(1)$(1)$(3)$(35)
Interest income(24)(23)(56)(56)
Identifiable intangible asset impairment charges(b)
11 10 11 11 
Loss on assets held for sale(c)
22 — 22 — 
Net gain on sale of business(d)
— (101)— (101)
Foreign currency loss(e)
18 13 37 22 
Other, net(1)(2)6 2 
Other (income)/deductions—net$25 $(104)$17 $(157)
(a)     For the six months ended June 30, 2023, predominantly associated with a settlement for underpayment of royalties in prior periods.