Other (Income) Expense - Net

6 Months Ended

Jun. 30, 2020

Other Income and Expenses [Abstract]

Other (Income) Expense - Net

Other (Income) Expense - Net

The following table sets forth the items in other (income) expense:

	Three Months Ended						Six Months Ended
	June 30,						June 30,
	2020			2019			2020			2019
	(In millions)
Gains on sales of assets	$	(64	)	$	(15	)	$	(64	)	$	(30	)
Other – net	(3		)	2			(35		)	9
Other (Income) Expense - Net	$	(67	)	$	(13	)	$	(99	)	$	(21	)

Gains on sales of assets in the three and six months ended June 30, 2020 included gains on the sale of certain assets, an investment revaluation gain, and disposals of individually insignificant assets in the ordinary course of business. Gains on sales of assets in the three months ended June 30, 2019 included gains on disposals of individually insignificant assets in the ordinary course of business. Gains on sales of assets in the six months ended June 30, 2019 included gains on the sale of certain assets, step-up gains on equity investments, and gains on disposals of individually insignificant assets in the ordinary course of business.

Other - net in the three and six months ended June 30, 2020 included the non-service components of net pension benefit income of $8 million and $21 million, respectively, foreign exchange gains, and other income, partially offset by expenses related to the early repayment of debt and other expenses. Other - net in the six months ended June 30, 2020 also included loss provisions related to the Company’s futures commission and brokerage business. Other - net in the three and six months ended June 30, 2019 included foreign exchange losses, partially offset by other income and the non-service components of net pension benefit income of $6 million and $8 million, respectively.