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OTHER EXPENSE, NET | 9 Months Ended
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Sep. 30, 2023
Other Income and Expenses [Abstract] |
OTHER EXPENSE, NET | OTHER EXPENSE, NET Other expense, net consists of:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
(in millions) |  | 2023 |  | 2022 |  | 2023 |  | 2022
Litigation and other matters |  | $ | 24 |  |  | $ | — |  |  | $ | (55) |  |  | $ | 7 |
Acquisition-related contingent consideration |  | 26 |  |  | 4 |  |  | 40 |  |  | 2 |
Gain on sale of assets, net |  | (5) |  |  | — |  |  | (4) |  |  | (3) |
Acquired in-process research and development costs |  | — |  |  | — |  |  | — |  |  | 1 |
Acquisition-related transaction costs |  | 15 |  |  | — |  |  | 18 |  |  | — |
Other, net |  | — |  |  | — |  |  | 1 |  |  | (1) |
|  | $ | 60 |  |  | $ | 4 |  |  | $ | — |  |  | $ | 6 |
For the nine months ended September 30, 2023, Litigation and other matters primarily related to insurance recoveries regarding certain litigation matters. Acquisition-related contingent consideration for the nine months ended September 30, 2023, reflects adjustments for changes in estimates in the timing and amounts of the future royalty and milestone payments related to certain branded products. Acquisition-related transaction costs for the nine months ended September 30, 2023, primarily related to transaction costs attributable to the acquisitions of XIIDRA® and the Blink® Product line by Bausch + Lomb.

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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 -Topic 610 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//610/tableOfContent Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 720 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//720/tableOfContent + Details
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