Other Expense, Net (Tables)

12 Months Ended

Dec. 31, 2021

Other Expense Net [Abstract]

Summary of Other Expense, Net

Other expense, net consisted of the following:

	For the Years Ended December 31,
	2021			2020			2019
	(in millions)
Factoring discount (1)	$	—		$	—		$	25
Allocated related party management fee (2)		—			—			10
IPO and separation-related costs (3)		14			31			31
Other		(1	)		(2	)		(1	)
Other expense, net	$	13		$	29		$	65

(1) Reflects the loss on sale that we incurred when we sold our U.S. trade receivables through PEI Group’s securitization facility. Our participation in this facility ceased upon the completion of our Corporate Reorganization and IPO.

(2) Reflects our allocation, from PEI Group, of a management fee that was charged by Rank to PEI Group, which ceased upon the completion of our Corporate Reorganization and IPO.

(3) Reflects costs related to our separation to operate as a stand-alone public company and the IPO process.