Other (Income) Expense, Net

9 Months Ended

Sep. 30, 2024

Other Income and Expenses [Abstract]

Other (income) expense, net, consisted of:


	Three Months Ended September 30,				Nine Months Ended September 30,
($ in millions)	2024		2023		2024		2023
Interest income	$	(127)	$	(73)	$	(269)	$	(295)
Interest expense	330		317		943		836
Exchange losses	33		85		177		208
Loss (income) from investments in equity securities, net (1)	31		33		(169)		(240)
Net periodic defined benefit plan (credit) cost other than service cost	(157)		(138)		(476)		(364)
Other, net	(272)		(98)		(357)		243
	$	(162)	$	126	$	(151)	$	388

(1) Includes net realized and unrealized gains and losses from investments in equity securities either owned directly or through ownership interests in investment funds. Unrealized gains and losses from investments that are directly owned are determined at the end of the reporting period, while gains and losses from ownership interests in investment funds are accounted for on a one quarter lag.

Other, net (as reflected in the table above) in the first nine months of 2023 includes a $572.5 million charge related to settlements with certain plaintiffs in the Zetia antitrust litigation.

Interest paid for the nine months ended September 30, 2024 and 2023 was $822 million and $678 million, respectively.