Other (Income) Expense, Net

6 Months Ended

Jun. 30, 2023

Other Income and Expenses [Abstract]

Other (Income) Expense, Net

Other (Income) Expense, Net

Other (income) expense, net, consisted of: 

	Three Months Ended June 30,				Six Months Ended June 30,
($ in millions)	2023		2022		2023		2022
Interest income	$	(109)	$	(15)	$	(221)	$	(22)
Interest expense	277		240		519		483
Exchange losses	62		86		122		124
Loss (income) from investments in equity securities, net (1)	175		284		(274)		991
Net periodic defined benefit plan (credit) cost other than service cost	(111)		(27)		(226)		(148)
Other, net	(122)		(130)		339		(280)
	$	172	$	438	$	259	$	1,148

(1)    Includes net realized and unrealized gains and losses from investments in equity securities either owned directly or through ownership interests in investment funds. Unrealized gains and losses from investments that are directly owned are determined at the end of the reporting period, while gains and losses from ownership interests in investment funds are accounted for on a one quarter lag.

Other, net (as reflected in the table above) in the first six months of 2023 includes a $572.5 million charge related to settlements with certain plaintiffs in the Zetia antitrust litigation (see Note 9).

Interest paid for both the six months ended June 30, 2023 and 2022 was $449 million.