XML 36 R24.htm IDEA: XBRL DOCUMENT
v3.26.1

OTHER INCOME (EXPENSE), NET | 3 Months Ended
--- | ---
Mar. 31, 2026
Other Income and Expenses [Abstract] |
OTHER INCOME (EXPENSE), NET | OTHER INCOME (EXPENSE), NET The components of Other income (expense), net are as follows:
|  | Three Months Ended March 31, |  |
In millions |  | 2026 |  | 2025 |  |  |  |
Foreign currency gain (loss) |  | $ | 16 |  |  | $ | (8) |  |  |  |  |
Gain on mark-to-market derivatives |  | 2 |  |  | — |  |  |  |  |
Equity income |  | 2 |  |  | 3 |  |  |  |  |
Expected return on pension assets/amortization |  | 2 |  |  | 2 |  |  |  |  |
Other miscellaneous income, net |  | 1 |  |  | 1 |  |  |  |  |
Total Other income (expense), net |  | $ | 23 |  |  | $ | (2) |  |  |  |  |
During 2025, in connection with the acquisitions of Frauscher and Dellner Couplers, the Company entered into foreign exchange contracts for a notional value of €1,290 million to mitigate foreign currency exposure of the purchase prices. As part of the acquisition of Frauscher in the fourth quarter of 2025, the Company utilized foreign exchange forward contracts with a notional value of €690 million. As part of the acquisition of Dellner Couplers in the first quarter of 2026, the Company utilized foreign exchange forward contracts with a notional value of €600 million. 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 (expense), net. For the three months ended March 31, 2026, these contracts resulted in a net gain of $2 million.

X
- References No definition available. + Details
Name: | us-gaap_OtherIncomeAndExpensesAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- 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
Name: | us-gaap_OtherIncomeAndOtherExpenseDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration