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v3.23.1

Other Expense, Net (Tables) | 12 Months Ended
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Dec. 31, 2022
Other Income and Expenses [Abstract] |
Other Expense, Net | Other expense, net consists of:
|  | 2022 |  |  | 2021 |
Impairments related to operations in Russia [a] |  | $ | 376 |  |  | $ | — |
Net losses on investments [b] |  |  | 221 |  |  |  | 2 |
Loss on sale of business [c] |  |  | 58 |  |  |  | 75 |
Restructuring and impairments [d] |  |  | 48 |  |  |  | 101 |
Merger agreement termination fee [e] |  |  | — |  |  |  | (100 | )
Gain on business combinations [f] |  |  | — |  |  |  | (40 | )
Other expense, net |  | $ | 703 |  |  | $ | 38 |
Summary of Net Losses or Gains on Investments |
|  | 2022 |  |  | 2021 |
Revaluation of public company warrants |  | $ | 173 |  |  | $ | (4 | )
Revaluation of public and private equity investments |  |  | 49 |  |  |  | 6 |
Net gain on sale of public equity investments |  |  | (1 | ) |  |  | — |
Other expense, net |  |  | 221 |  |  |  | 2 |
Tax effect |  |  | (53 | ) |  |  | 7 |
Net loss attributable to Magna |  | $ | 168 |  |  | $ | 9 |

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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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- Definition Tabular disclosure of unrealized gains and losses on investments. + References No definition available. + Details
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