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Note 17 - Other Income (Expense), Net | 9 Months Ended
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Sep. 30, 2025
Notes to Financial Statements |
Other Income and Other Expense Disclosure [Text Block] | Note 17. Other Income (Expense), Net
|  | Three Months Ended |  |  | Nine Months Ended |
|  | September 30, |  |  | September 30, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Non-service cost components of pension and OPEB costs |  | $ | (3 | ) |  | $ | (5 | ) |  | $ | (7 | ) |  | $ | (12 | )
Government assistance |  |  | 1 |  |  |  |  |  |  |  | 5 |  |  |  | 4 |
Foreign exchange gain (loss) |  |  | (5 | ) |  |  | (3 | ) |  |  | (11 | ) |  |  | (9 | )
Strategic transaction expenses |  |  | (6 | ) |  |  | 2 |  |  |  | (12 | ) |  |  | (2 | )
Gain (loss) on sale of property, plant and equipment |  |  | (1 | ) |  |  | 1 |  |  |  |  |  |  |  |  |
Loss on divestiture of ownership interests |  |  |  |  |  |  |  |  |  |  | (7 | ) |  |  |  |
Other, net |  |  | (6 | ) |  |  | (1 | ) |  |  | 1 |  |  |  | 5 |
Other income (expense), net |  | $ | (20 | ) |  | $ | (6 | ) |  | $ | (31 | ) |  | $ | (14 | )
Foreign exchange gains and losses on cross-currency intercompany loan balances that are not of a long-term investment nature are included above. Foreign exchange gains and losses on intercompany loans that are permanently invested are reported in OCI. Strategic transaction expenses relate primarily to costs incurred in connection with acquisition and divestiture related activities, including costs to complete the transaction and post-closing integration costs, and other strategic initiatives. During the third quarter of 2024, we received a transaction break fee related to the failed sale of our European hydraulics business to HPIH S.à.r.l. See Note 3 for additional information. On June 6, 2025, we sold our ownership interest in Switch Mobility Limited, recognizing an $8 pre-tax loss on the transaction. See Note 20 for additional information.

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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://www.xbrl.org/2009/role/commonPracticeRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/720/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Name Accounting Standards Codification -Topic 610 -Publisher FASB -URI https://asc.fasb.org/610/tableOfContent + Details
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