Other Expense, Net

3 Months Ended

Mar. 31, 2020

Other Income and Expenses [Abstract]

Other Expense, Net

Items included in Other expense, net consist of:



	Three Months Ended March 31,
(in millions)	2020		2019
Merger, acquisition and divestiture expense	$	21	$	1
Restructuring expense	15		14
Asset impairment	9		—
Unfavorable arbitration loss	—		14
Other expense, net	$	45	$	29

During the three months ended March 31, 2020 and 2019, the Company recorded $21 million and $1 million, respectively, of merger, acquisition and divestiture expense, primarily related to professional fees. The expense for 2020 primarily related to the Company's anticipated acquisition of Delphi Technologies PLC and the expense for 2019 primarily related to divestiture activities for non-core pipe and thermostat product lines.

During the three months ended March 31, 2020, the Company recorded restructuring expense of $15 million, primarily related to actions to reduce structural costs. During the three months ended March 31, 2019, the Company recorded restructuring expense of $14 million. This restructuring expense primarily related to Drivetrain and Engine segment actions designed to improve future profitability and competitiveness. Refer to Note 18, "Restructuring," to the Condensed Consolidated Financial Statements for more information.

During the three months ended March 31, 2020, the Company recorded a $9 million asset impairment cost to record its investment in Romeo Systems, Inc. ("Romeo") at its fair value of $41 million at March 31, 2020. Refer to Note 21, "Recent Transactions and Events," to the Condensed Consolidated Financial Statements for more information.

During the three months ended March 31, 2019, the Company recorded $14 million of expense related to the receipt of a final unfavorable arbitration decision associated with the resolution of a matter related to a previous acquisition.