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Other Operating Credits and Charges, Net (Tables)
12 Months Ended
Dec. 31, 2024
Other Operating Credits And Charges, Net [Abstract]  
Schedule of Other Nonoperating Income (Expense) [Table Text Block]
Non-operating income (expense) is comprised of the following components (dollars in millions):
 
Year Ended December 31,
2024
2023
2022
Interest expense$(14)$(17)$(14)
Amortization of debt charges(1)(1)(1)
Capitalized interest
Interest expense, net of capitalized interest$(14)$(14)$(11)
Interest income$22 $18 $14 
Investment income$22 $18 $14 
Net periodic pension cost, excluding service cost$— $— $(6)
Foreign currency gain (loss), net(40)(11)
Pension settlement charges— (4)(82)
Other— 
Other non-operating items$9 $(43)$(97)
Other Operating Credits and Charges Net [Table Text Block]
The major components of Other operating credits and charges, net in the Consolidated Statements of Income for the years ended December 31, 2024, 2023, and 2022 are reflected in the table below and described in the paragraphs following the table (dollars in millions):
Year Ended December 31,
2024
2023
2022
Insurance recoveries$— $— $15 
Legal settlement(16)— 
Reorganization charges(2)(8)(7)
Product liability settlement— — 
Gain (loss) on asset sales(2)(1)
Other(3)(1)— 
$(4)$(19)$16