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Other expense | 12 Months Ended
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Dec. 31, 2023
Analysis of income and expense [abstract] |
Other expense |
Note 9 | Other expense
FOR THE YEAR ENDED DECEMBER 31 | NOTE | 2023 | 2022
Equity (losses) income from investments in associates and joint ventures |  | 20 |  |
| Loss on investment |  |  | (581) |  | (42) |
| Operations |  |  | 28 |  | (19) |
Net mark-to-market losses on derivatives used to economically hedge equity settled share-based compensation plans |  | 29 | (103) |  | (53) |
Early debt redemption costs |  | 25 | (1) |  | (18) |
Gains on investments |  |  | 80 |  | 24 |
Interest income |  |  | 67 |  | 22 |
Gains (losses) on retirements and disposals of property, plant and equipment and intangible assets |  |  | 11 |  | (27) |
Other |  |  | 33 |  | (2) |
Total other expense |  |  | (466) |  | (115) |
Equity (losses) income from investments in associates and joint ventures
We recorded a loss on investment of $581 million and $42 million in 2023 and 2022, respectively, related to equity losses on our share of an obligation to repurchase at fair value the minority interest in one of BCE’s joint ventures. The obligation is marked to market each reporting period and the gain or loss on investment is recorded as equity gains or losses from investments in associates and joint ventures.
Gains on investments |
In 2023, we completed the sale of our 63% ownership in certain production studios. We recorded net cash proceeds of $211 million and a gain on investment of $79 million. See Note 4, Business acquisitions and disposition, for additional details. In 2022, we completed the sale of our wholly-owned subsidiary 6362222 Canada Inc. (Createch) and recorded a gain on sale of $39 million. Additionally, in 2022, we recorded a loss on investment of $13 million related to an obligation to repurchase at fair value the minority interest in one of our subsidiaries.
Gains (losses) on disposals of property, plant and equipment |
In 2023, in addition to losses recorded on retirements of property, plant and equipment, we sold land for total proceeds of $54 million and recorded a gain of $53 million as part of our real estate optimization strategy.

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