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Supplemental Income (Loss) Statement Information
6 Months Ended
Jun. 30, 2024
Other Income and Expenses [Abstract]  
Supplemental Income (Loss) Statement Information
NOTE 7. Supplemental Income (Loss) Statement Information
Other expense (income), net consists of the following:
Three months ended
June 30,
Six months ended
June 30,
(Millions)2024202320242023
Interest expense$322 $144 $663$267
Interest income(143)(47)(253)(88)
Pension and postretirement net periodic benefit cost (benefit)796 (25)785 (51)
Solventum ownership - change in value
(1,113)— (1,113)
Total$(138)$72 $82$128
Beginning in the second quarter and third quarter of 2023, interest expense also includes imputed interest associated with the obligations resulting from the PWS Settlement and the CAE Settlement, respectively (discussed in Note 17).
Pension and postretirement net periodic benefit income described in the table above include all components of defined benefit plan net periodic benefit cost (benefit) except service cost, which is reported in various operating expense lines. The second quarter of 2024 non-service cost component above was impacted by a $795 million pension settlement charge. Refer to Note 13 for additional details on the components of pension and postretirement net periodic benefit cost (benefit).
Solventum ownership - change in value relates to the change in value of 3M's retained ownership interest in common stock of Solventum Corporation, an independent public company. Solventum separated from 3M in April 2024 (discussed in Note 2). At June 30, 2024, the balance of net unrealized gain on this investment is $1.1 billion.