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Other (Expense) Income, Net (Tables)
12 Months Ended
Dec. 31, 2024
Other Income and Expenses [Abstract]  
Schedule of Other (Expense) Income
Other (expense) income, net consisted of the following:
 December 31,
(DOLLARS IN MILLIONS)202420232022
Foreign exchange losses$(91)$(77)$(12)
Interest income15 15 
Gain on China facility relocation— 22 — 
Pension-related (expense) benefit(1)
(125)28 19 
Other19 17 
Other (expense) income, net$(182)$(5)$26 
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(1)2024 amount includes a settlement loss of $130 million that was recognized upon termination of the International Flavors & Fragrances Inc. Pension Plan. Refer to Note 8 for further information.