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Nature of Operations and Basis of Presentation (Tables)
 9 Months Ended
Sep. 30, 2019
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
Schedule of Components of Other Income, Net
The components of other expense (income), net for the three and nine months ended September 30 are as follows: 
(in millions)
Three Months
 
Nine Months
 
2019
 
2018
 
2019
 
2018
Other components of net periodic benefit cost 1
$
(8
)
 
$
(8
)
 
$
88

 
$
(24
)
Net loss from investments
16

 
2

 
16

 
2

Other expense (income), net
$
8

 
$
(6
)
 
$
104

 
$
(22
)


1    During the first quarter of 2019, the Company purchased a group annuity contract under which an insurance company assumed a portion of
the Company's obligation to pay pension benefits to the plan's beneficiaries. The purchase of this group annuity contract was funded by pension plan assets. The net periodic benefit cost for our retirement and post retirement plans for the nine months ended September 30, 2019 includes a non-cash pre-tax settlement charge of $113 million reflecting the accelerated recognition of a portion of unamortized actuarial losses in the plan.