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Other (Income) Expense (Tables)
6 Months Ended
Jun. 30, 2022
Other Income and Expenses [Abstract]  
Schedule of Other Income and Expense

 

 

Three Months Ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

(In millions)

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Non-service related pension and other postretirement benefits cost

 

$

29

 

 

$

32

 

 

$

42

 

 

$

49

 

Interest income on a favorable indirect tax ruling in Brazil

 

 

 

 

 

(48

)

 

 

 

 

 

(48

)

Financing fees and financial instruments expense

 

 

10

 

 

 

17

 

 

 

17

 

 

 

25

 

Net foreign currency exchange (gains) losses

 

 

(1

)

 

 

 

 

 

1

 

 

 

10

 

General and product liability expense - discontinued products

 

 

2

 

 

 

2

 

 

 

3

 

 

 

3

 

Royalty income

 

 

(6

)

 

 

(5

)

 

 

(17

)

 

 

(10

)

Net (gains) losses on asset sales

 

 

(95

)

 

 

 

 

 

(98

)

 

 

 

Interest income

 

 

(6

)

 

 

(5

)

 

 

(11

)

 

 

(11

)

Transaction costs

 

 

 

 

 

32

 

 

 

 

 

 

39

 

Miscellaneous (income) expense

 

 

2

 

 

 

5

 

 

 

3

 

 

 

7

 

 

 

$

(65

)

 

$

30

 

 

$

(60

)

 

$

64