Other Income - Net

12 Months Ended

Dec. 31, 2019

Other Income and Expenses [Abstract]

Other Income - Net

Other Income - Net

The Company derives income from items that are not considered operating activities. Income from these items is reported net of related expense. All components of net periodic pension and post-retirement benefit costs, excluding service cost, are included in other income - net on the consolidated income statement. Miscellaneous income (expense) may fluctuate due to timing and includes investment gains, losses and interest income as well as other non-operating activities. 

Interest income increased from 2018 to 2019, and from 2017 to 2018, primarily as a result of higher average investment balances. Miscellaneous expense in 2019 includes $10 million of costs associated with the early redemption of long-term debt. Other income – net consisted of the following:

	Fiscal Years
(Dollars in Millions)	2019			2018		2017
Net Periodic Pension and Post-retirement Benefit Credit (a)	$	43		$	38	$	32
Interest Income	48			32		13
Miscellaneous (Expense) Income	(3		)	4		8
Total Other Income - Net	$	88		$	74	$	53

(a) Excludes the service cost component of net periodic benefit cost.