XML 35 R24.htm IDEA: XBRL DOCUMENT v3.25.3
OTHER (EXPENSE) INCOME, NET
9 Months Ended
Sep. 30, 2025
Other Income and Expenses [Abstract]  
OTHER (EXPENSE) INCOME, NET OTHER (EXPENSE) INCOME, NET
The components of Other (expense) income, net are as follows:
Three Months Ended
September 30,
Nine Months Ended
September 30,
In millions2025202420252024
Foreign currency loss$(1)$(6)$(15)$(11)
(Loss) gain on mark-to-market derivatives(2)— 30 — 
Equity income
Expected return on pension assets/amortization
Other miscellaneous expense, net(2)(1)(3)— 
Total Other (expense) income, net$(1)$(3)$21 $(1)
In connection with the announced definitive agreements to acquire Dellner Couplers and Frauscher, the Company entered into foreign exchange contracts for a notional value of €890 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 (expense) income, net. For the three and nine months ended September 30, 2025, these contracts resulted in a net loss of $(2) million and a net gain of $30 million, respectively.