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OTHER (INCOME) EXPENSE | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
OTHER (INCOME) EXPENSE | OTHER (INCOME) EXPENSE
| Years Ended December 31,
2023 |  | 2022 |  | 2021
Interest income | $ | (321) |  |  | $ | (138) |  |  | $ | (102) |
Pension ongoing income—non-service | (441) |  |  | (602) |  |  | (1,202) |
Other postretirement income—non-service | (29) |  |  | (41) |  |  | (71) |
Equity income of affiliated companies | (100) |  |  | (61) |  |  | (67) |
Gain on sale of non-strategic businesses and assets | (5) |  |  | (22) |  |  | (102) |
Foreign exchange (gain) loss | 9 |  |  | 48 |  |  | 25 |
Expense related to UOP Matters | — |  |  | 45 |  |  | 160 |
Expense (benefit) related to Russia-Ukraine conflict | (3) |  |  | 45 |  |  | — |
Net expense related to the NARCO Buyout and HWI Sale | 11 |  |  | 342 |  |  | — |
Other, net | 39 |  |  | 18 |  |  | (19) |
Total Other (income) expense | $ | (840) |  |  | $ | (366) |  |  | $ | (1,378) |
See Note 19 Commitments and Contingencies for more information on the UOP Matters, NARCO Buyout, and HWI Sale. See Note 4 Repositioning and Other Charges for further discussion of the expense related to the Russia-Ukraine conflict. See Note 2 Acquisitions and Divestitures for further discussion on the gain on sale of non-strategic businesses and assets.

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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 + Details
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