Other (Income) Expense - Net

6 Months Ended

Jun. 30, 2023

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,
	2023		2022		2023		2022
	(In millions)
Gains on sales of assets	$	(21)	$	(5)	$	(32)	$	(5)
Other – net	(16)		(78)		(49)		(111)
Other (Income) Expense - Net	$	(37)	$	(83)	$	(81)	$	(116)

Gains on sales of assets in the three and six months ended June 30, 2023 and 2022 consisted of gains on sales of certain assets and disposals of individually insignificant assets in the ordinary course of business.

Other - net in the three and six months ended June 30, 2023 included the non-service components of net pension benefit income of $5 million and $9 million, respectively, net foreign exchange gains, and net other income. Other - net in the three and six months ended June 30, 2022 included the non-service components of net pension benefit income of $6 million and $12 million, respectively, a $50 million payment from the USDA Biofuel Producer Recovery Program, net foreign exchange gains, and net other expense.