Other (Income)/Deductions - Net (Tables)

6 Months Ended

Jun. 30, 2025

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)	2025		2024		2025		2024
Interest income	$	(19)	$	(24)	$	(42)	$	(56)
Identifiable intangible asset impairment charges(a)	5		11		5		11
Net loss on sale of business(b)	3		22		3		22
Foreign currency loss(c)	14		18		22		37
Other, net	1		(2)		(2)		3
Other (income)/deductions—net	$	4	$	25	$	(14)	$	17

(a) For the three and six months ended June 30, 2025 and 2024, represents asset impairment charges related to our aquaculture product portfolio.

(b) Represents a net loss related to the sale of our medicated feed additive product portfolio, certain water soluble products and related assets sold in 2024. For additional information, see Note 5. Divestitures.

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