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Other Income, Net
12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Other Income, Net Other Income, Net
Year Ended December 31,
(In millions)202420232022
Pension financing benefits, net$11 $11 $20 
Pension settlement(4)— — 
Township settlement— (12)— 
$7 $(1)$20 
Pension financing benefits, net include return on assets net of interest costs and other amortization.
The Company incurred settlement losses of $4 million related to an early buyout of individuals in the U.S. defined benefit plan.

During the year ended December 31, 2023, the Company recorded a charge of $12 million in regards to the Charter Township of Van Buren, Michigan settlement. See Note 19 "Commitments and Contingencies” for more information.