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Other Income - Net | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
Other Income - Net | Other Income - Net The Company derives income from items that are not considered operating activities. Income from these items is reported net of related expense. All components of net periodic pension and post-retirement benefit costs, excluding service cost, are included in other income - net on the consolidated income statement. Miscellaneous income (expense) may fluctuate due to timing and includes investment gains, losses and interest income as well as other non-operating activities. For discussion of the drivers of changes in net periodic pension and post-retirement benefit credit from 2022 to 2023 and from 2021 to 2022, refer to Note 9, Employee Benefit Plans. Interest income increased from 2022 to 2023 and from 2021 to 2022 primarily as a result of higher average interest rates. Other income – net consisted of the following:
| Years Ended
(Dollars in Millions) | 2023 |  | 2022 |  | 2021
Net Periodic Pension and Post-retirement Benefit Credit (a) | $ | 29 |  |  | $ | 79 |  |  | $ | 64 |
Interest Income | 79 |  |  | 42 |  |  | 7 |
Miscellaneous Income | 31 |  |  | 12 |  |  | 8 |
Total Other Income - Net | $ | 139 |  |  | $ | 133 |  |  | $ | 79 |
(a) Excludes the service cost component of net periodic benefit cost.

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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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