Other Income, Net (Tables)

3 Months Ended

Mar. 31, 2025

Other Income and Expenses [Abstract]

Components of Other Income (Expense)

The following table sets forth the components of the Company’s other income, net for the three months ended March 31, 2025 and 2024.


		Three Months Ended March 31,
		2025				2024
Leasing, contract services, and miscellaneous income		$	3			$	(2	)
Royalty income (1)			2				2
Gain on sales of assets and businesses, net			1				3
Exchange (losses) gains, net (2)			(3	)			1
Non-operating pension and other post-retirement employee benefit income (3)			2				1
Total other income, net		$	5			$	5

(1)

Royalty income is primarily from technology licensing.

(2)

Exchange (losses) gains, net includes gains and losses on the Company’s foreign currency forward contracts that have not been designated as a cash flow hedge.

(3)

Non-operating pension and other post-retirement employee benefit income represents the non-service component of net periodic pension income.