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Other Income (Expense), Net | 6 Months Ended
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Jun. 30, 2022
Other Income and Expenses [Abstract] |
Other Income (Expense), Net | OTHER INCOME (EXPENSE), NET Other, net, which is included in other income (expense), net, was as follows, in millions:
| Three Months Ended June 30, |  | Six Months Ended June 30,
| 2022 |  | 2021 |  | 2022 |  | 2021
Contingent consideration (A) | $ | 28 |  |  | $ | — |  |  | $ | 24 |  |  | $ | — |
Foreign currency transaction (losses) gains | (6) |  |  | 2 |  |  | (2) |  |  | 2 |
Net periodic pension and post-retirement benefit expense (B) | (3) |  |  | (415) |  |  | (5) |  |  | (426) |
Loss on sale of businesses, net | (3) |  |  | (18) |  |  | (1) |  |  | (18) |
Income from cash and cash investments | 1 |  |  | — |  |  | 1 |  |  | — |
Gain on preferred stock redemption (C) | — |  |  | 14 |  |  | — |  |  | 14 |
Dividend income | — |  |  | 3 |  |  | — |  |  | 6 |
Equity investment income, net | — |  |  | — |  |  | — |  |  | 2 |
Other items, net | — |  |  | (1) |  |  | (1) |  |  | (1) |
Total other, net | $ | 17 |  |  | $ | (415) |  |  | $ | 16 |  |  | $ | (421) |
(A) In the three and six months ended June 30, 2022 we recognized $28 million and $24 million, respectively, of income from the revaluation of contingent consideration related to a prior acquisition. Refer to Note G for additional information. (B) In the second quarter of 2021, we settled our qualified domestic defined-benefit pension plans and recognized $406 million of additional pension expense. (C) In May 2021, we received, in cash, $166 million for the redemption of the AC Products Holding, Inc. preferred stock, including all accrued but unpaid dividends, and recognized a gain of $14 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://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 720 -URI https://asc.fasb.org/topic&trid=2122503 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 610 -URI https://asc.fasb.org/topic&trid=49130413 + Details
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