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Other Expense, Net (Tables)

12 Months Ended

Dec. 31, 2023

Other Income and Expenses [Abstract]

Other Expense, Net

Other expense, net consists of:

		2023				2022
Investments [a]		$	201			$	221
Restructuring[b]			148				22
Veoneer Active Safety Business transaction costs [c]			23				—
Impairments and loss on sale of operations in Russia [d]			16				376
Loss on sale of business [e]			—				58
Impairments [f]			—				26
Other expense, net		$	388			$	703

Summary of Net Losses or Gains on Investments

		2023				2022
Revaluation of public company warrants		$	110			$	173
Non-cash impairment charges[i]			90				—
Revaluation of public and private equity investments			1				49
Net gain on sale of public equity investments			—				(1	)
Other expense, net			201				221
Tax effect			(28	)			(53	)
Net loss attributable to Magna		$	173			$	168

[i] The non-cash impairment charges relate to impairments of private equity investments and related long-term receivables within Other assets.

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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.

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Tabular disclosure of unrealized gains and losses on investments.

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