OTHER (INCOME) EXPENSE

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE

OTHER (INCOME) EXPENSE

	Years Ended December 31,
	2023		2022		2021
Interest income	$	(321)	$	(138)	$	(102)
Pension ongoing income—non-service	(441)		(602)		(1,202)
Other postretirement income—non-service	(29)		(41)		(71)
Equity income of affiliated companies	(100)		(61)		(67)
Gain on sale of non-strategic businesses and assets	(5)		(22)		(102)
Foreign exchange (gain) loss	9		48		25
Expense related to UOP Matters	—		45		160
Expense (benefit) related to Russia-Ukraine conflict	(3)		45		—
Net expense related to the NARCO Buyout and HWI Sale	11		342		—
Other, net	39		18		(19)
Total Other (income) expense	$	(840)	$	(366)	$	(1,378)

See Note 19 Commitments and Contingencies for more information on the UOP Matters, NARCO Buyout, and HWI Sale. See Note 4 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine conflict. See Note 2 Acquisitions and Divestitures for further discussion on the gain on sale of non-strategic businesses and assets.