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OTHER INCOME, NET | 6 Months Ended
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Jun. 30, 2025
Other Income and Expenses [Abstract] |
OTHER INCOME, NET | OTHER INCOME, NET The components of Other income, net are as follows:
|  | Three Months Ended June 30, |  | Six Months Ended June 30,
In millions |  | 2025 |  | 2024 |  | 2025 |  | 2024
Foreign currency loss |  | $ | (6) |  |  | $ | (1) |  |  | $ | (14) |  |  | $ | (5) |
Gain on mark-to-market derivatives |  | 32 |  |  | — |  |  | 32 |  |  | — |
Equity (loss) income |  | (3) |  |  | 1 |  |  | — |  |  | 2 |
Expected return on pension assets/amortization |  | 3 |  |  | 2 |  |  | 5 |  |  | 4 |
Other miscellaneous (expense) income, net |  | (2) |  |  | 2 |  |  | (1) |  |  | 1 |
Total Other income, net |  | $ | 24 |  |  | $ | 4 |  |  | $ | 22 |  |  | $ | 2 |
In connection with the announced definitive agreement to acquire Dellner Couplers, the Company entered into foreign exchange contracts for a notional value of €440 million to mitigate foreign currency exposure of the purchase price. The contracts are not designated as accounting hedges under Topic 815 of ASC, and as such, the gains and losses are recorded as a component of Other income, net. For the three and six months ended June 30, 2025, these contracts resulted in a gain of $32 million.

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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