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OTHER OPERATING (INCOME) EXPENSE, NET
 9 Months Ended
Sep. 30, 2023
Other Income and Expenses [Abstract]  
OTHER OPERATING (INCOME) EXPENSE, NET OTHER OPERATING (INCOME) EXPENSE, NET
Items included in Other operating expense, net consist of:

Three Months Ended September 30,Nine Months Ended September 30,
(in millions)
2023202220232022
Merger and acquisition expense, net$2 $5 $18 $13 
Service and lease agreement termination— — 9 — 
Asset impairments2 — 2 — 
Loss (gain) on sale of business— 9 (5)(15)
Gain on sale of assets(7)— (13)— 
Other (income) expense, net(3)(2)(12)(5)
Other operating (income) expense, net$(6)$12 $(1)$(7)

Merger and acquisition expense, net: During the three and nine months ended September 30, 2023, the Company recorded merger and acquisition expense, net of $2 million and $18 million, respectively, primarily related to professional fees for specific acquisition initiatives. During the three and nine months ended September 30, 2022, the Company recorded merger and acquisition expense, net of $5 million and $13 million, respectively, primarily related to professional fees associated with specific acquisition initiatives.

Loss (gain) on sale of business: During the three months ended September 30, 2022, the Company updated its estimate of the expected earn-out related to a previous divestiture resulting in a $9 million loss in the period. During the nine months ended September 30, 2022, the Company recorded a pre-tax gain of $24 million in connection with the sale of its interest in BorgWarner Romeo Power LLC, in which the Company owned a 60% interest.

Gain on sale of assets: During the three months ended September 30, 2023, the Company recorded a $7 million gain related to the sale of a European manufacturing facility. The sale of the facility was pursuant to a formal restructuring plan. During the nine months ended September 30, 2023, the Company recorded a $13 million gain, primarily related to the sale of the European manufacturing facility and other fixed assets.