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OTHER OPERATING EXPENSE (INCOME), NET
 12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
OTHER OPERATING EXPENSE (INCOME), NET OTHER OPERATING EXPENSE (INCOME), NET
Items included in Other operating expense (income), net consist of:
Year Ended December 31,
(in millions)202420232022
Adjustments associated with Spin-Off related balances$17 $— $— 
Commercial contract settlement15 — — 
Loss (gain) on sale of businesses6 (5)(13)
Loss (gain) on sale of assets2 (13)— 
Merger and acquisition expense, net2 23 9 
Spin-Off transition services income, net(5)(10)— 
Other income, net(5)(11)(4)
Other operating expense (income), net$32 $(16)$(8)

Adjustments associated with Spin-Off related balances: During the year ended December 31, 2024, the Company recorded expense of $17 million, primarily for adjustments to net amounts owed to the Company related to the tax matters agreement between the Company and PHINIA.

Commercial contract settlement: During the year ended December 31, 2024, the Company recorded a loss of approximately $15 million related to the settlement of a commercial contract assumed in its acquisition of the electric hybrid systems business segment of Eldor.

Loss (gain) on sale of businesses: During the year ended December 31, 2024, the Company recorded a net loss on sale of business of $6 million primarily related to the estimated loss on an immaterial business that met held for sale accounting criteria. During the year ended December 31, 2023, the Company recorded a net gain on sale of business of $5 million. During the year ended December 31, 2022, the Company recorded a net gain on sales of businesses of $13 million, which included a $22 million gain related to the sale of its interest in BorgWarner Romeo Power LLC and a $9 million loss related to a change in estimate of the expected earn-out related to the divestiture of the Company’s Water Valley facility. Refer to Note 2 “Acquisitions and Dispositions,” to the Consolidated Financial Statements for more information.

Loss (gain) on sale of assets: During the year ended December 31, 2024, the Company recorded a $2 million loss on sale of fixed assets at a European manufacturing facility. During the year ended December 31, 2023, the Company recorded a $13 million gain on sale of fixed assets, primarily attributed to the sale of a European manufacturing facility and other fixed assets.
Merger and acquisition expense, net: During the year ended December 31, 2024, the Company recorded merger and acquisition expense, net of $2 million, primarily related to professional fees associated with specific acquisition initiatives, mostly offset by a gain of $6 million related to the revision of its expected earn-out related to the Drivetek acquisition. During the year ended December 31, 2023, the Company recorded merger and acquisition expense, net of $23 million, primarily related to professional fees for specific acquisition initiatives. This merger and acquisition expense, net included an $8 million loss related to a change in estimate of the expected earn-out estimate associated with the Santroll acquisition. During the year ended December 31, 2022, the Company recorded merger and acquisition expense of $9 million, primarily related to professional fees for specific acquisition initiatives.

Spin-Off transition services income, net: During the year ended December 31, 2024 and 2023, the Company recorded other income in the amount of $5 million and $10 million, respectively, for net service reimbursements related to the Spin-Off. These transition services were related to information technology, human resources, finance, facilities, procurement, sales, intellectual properties and engineering. Refer to Note 26 “Discontinued Operations,” to the Consolidated Financial Statements for more information.