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Other Income (Expense), Net (Tables) | 6 Months Ended
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Jun. 30, 2022
Other Income and Expenses [Abstract] |
Schedule of components of other, net, which is included in 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 Tabular disclosure of the components of non-operating income or non-operating expense that may include amounts earned from dividends, interest on securities, gains (losses) on securities sold, equity earnings of unconsolidated affiliates, net gain (loss) on sales of business, interest expense and other miscellaneous income or expense items. + References No definition available. + Details
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