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Other (Income) Expense (Tables)
12 Months Ended
Dec. 31, 2023
Other Income and Expenses [Abstract]  
Schedule of Other Income and Expense

 

 

 

 

 

 

 

 

 

(In millions)

 

2023

 

 

2022

 

 

2021

 

Non-service related pension and other postretirement benefits cost

 

$

148

 

 

$

178

 

 

$

92

 

Interest income on a favorable indirect tax ruling in Brazil

 

 

 

 

 

 

 

 

(48

)

Financing fees and financial instruments expense

 

 

59

 

 

 

40

 

 

 

39

 

Net foreign currency exchange (gains) losses

 

 

87

 

 

 

12

 

 

 

29

 

Interest income

 

 

(84

)

 

 

(34

)

 

 

(24

)

General and product liability expense - discontinued products

 

 

6

 

 

 

5

 

 

 

 

Royalty income

 

 

(30

)

 

 

(27

)

 

 

(24

)

Net (gains) losses on asset sales

 

 

(104

)

 

 

(122

)

 

 

(20

)

Transaction costs

 

 

 

 

 

 

 

 

40

 

Miscellaneous (income) expense

 

 

26

 

 

 

23

 

 

 

10

 

 

$

108

 

 

$

75

 

 

$

94