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OTHER EXPENSE, NET | 12 Months Ended
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Dec. 31, 2023
Other Income and Expenses [Abstract] |
OTHER EXPENSE, NET | OTHER EXPENSE, NET Other expense, net for the years 2023, 2022 and 2021 consists of:
(in millions) |  | 2023 |  | 2022 |  | 2021
Litigation and other matters |  | $ | (53) |  |  | $ | 9 |  |  | $ | 356 |
Acquired in-process research and development costs |  | — |  |  | 1 |  |  | 8 |
Net gain on sale of assets |  | (3) |  |  | (5) |  |  | (2) |
Acquisition-related contingent consideration |  | 59 |  |  | 29 |  |  | 11 |
Acquisition-related transaction costs |  | 24 |  |  | — |  |  | — |
Other, net |  | 1 |  |  | 1 |  |  | — |
Other expense, net |  | $ | 28 |  |  | $ | 35 |  |  | $ | 373 |
In 2023, Litigation and other matters primarily related to insurance recoveries regarding certain litigation matters, Acquisition-related contingent consideration reflects adjustments for changes in estimates in the timing and amounts of the future royalty and milestone payments related to certain branded products and Acquisition-related transaction costs primarily related to transaction costs attributable to the acquisition of XIIDRA® by Bausch + Lomb. In 2021, Litigation and other matters of $356 million included adjustments related to the Glumetza Antitrust Litigation, partially offset by insurance recoveries related to certain litigation matters and Net gain on sales of assets included $25 million related to the achievement of a milestone related to a certain product and a $26 million loss upon completion of the Amoun Sale.

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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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