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OTHER (INCOME) EXPENSE

9 Months Ended

Sep. 30, 2023

Other Income and Expenses [Abstract]

OTHER (INCOME) EXPENSE

OTHER (INCOME) EXPENSE

			Three Months Ended September 30,												Nine Months Ended September 30,
			2023						2022						2023						2022
Interest income			$	(89)					$	(37)					$	(241)					$	(77)
Pension ongoing income—non-service			(148)						(279)						(440)						(847)
Other postretirement income—non-service			(6)						(10)						(19)						(30)
Equity income of affiliated companies			(12)						(19)						(61)						(43)
Gain on sale of non-strategic businesses and assets			—						(10)						—						(10)
Foreign exchange			—						12						20						32
Expense related to UOP Matters			—						—						—						50
Expense (benefit) related to Russia-Ukraine Conflict			—						(9)						(2)						48
Net expense related to the NARCO Buyout and HWI			—						—						11						—
Other, net			8						15						17						31
Total Other (income) expense			$	(247)					$	(337)					$	(715)					$	(846)

For more information on the Net expense related to the NARCO Buyout and HWI Sale, see Notes 5 Repositioning and Other Charges, 11 Fair Value Measurements, and 14 Commitments and Contingencies.

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- References

No definition available.

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- Definition

The entire disclosure for other income or other expense items (both operating and nonoperating). Sources of nonoperating income or nonoperating expense that may be disclosed, include amounts earned from dividends, interest on securities, profits (losses) on securities, net and miscellaneous other income or income deductions.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 610
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//610/tableOfContent

Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 720
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org//720/tableOfContent

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