Other Operating Credits and Charges, Net (Tables)

12 Months Ended

Dec. 31, 2023

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,
	2023		2022		2021
Interest expense	$	(17)	$	(14)	$	(15)
Amortization of debt charges	(1)		(1)		(2)
Capitalized interest	4		5		3
Interest expense, net of capitalized interest	$	(14)	$	(11)	$	(14)
Interest income	$	18	$	14	$	1
Investment income	$	18	$	14	$	1
Net periodic pension cost, excluding service cost	$	—	$	(6)	$	(1)
Foreign currency gains (losses), net	(40)		(11)		(8)
Loss on early debt extinguishment	—		—		(11)
Pension settlement charges	(4)		(82)		(2)
Other	1		2		—
Other non-operating items	$	(43)	$	(97)	$	(22)

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, 2023, 2022, and 2021 are reflected in the table below and described in the paragraphs following the table (dollars in millions):

	Year Ended December 31,
	2023		2022		2021
Insurance recoveries	$	—	$	15	$	4
Legal settlement	(16)		—		—
Reorganization charges	(8)		(7)		(1)
Environment costs	—		(2)		(4)
Product liability settlement	—		8		—
Gain (loss) on asset sales	6		(1)		(2)
Other	(1)		2		3
	$	(19)	$	16	$	1