Other Income (Expense), Net

12 Months Ended

Dec. 31, 2019

Other Income And Expenses [Abstract]

Note 8. Other Income (Expense), Net

The following table sets forth the components of the Company’s other income (expense), net for the years ended December 31, 2019, 2018, and 2017.

	Year Ended December 31,
	2019			2018		2017
Leasing, contract services, and miscellaneous income (1)	$	51		$	79	$	30
Royalty income (2)		16			10		24
Gain on sales of assets and businesses (3)		10			45		22
Exchange (losses) gains, net (4)		(2	)		1		3
Non-operating pension and other post-retirement employee benefit (loss) income (5)		(368	)		27		34
Total other (expense) income, net	$	(293	)	$	162	$	113

(1)

Leasing, contract services, and miscellaneous income includes European Union fluorinated greenhouse gas quota authorization sales of $41, $67, and $15 for the years ended December 31, 2019, 2018, and 2017, respectively.

(2)

Royalty income for the years ended December 31, 2019 and 2018 is primarily from technology licensing. Royalty income for the year ended December 31, 2017 is primarily from technology and trademark licensing.

(3)

For the year ended December 31, 2019, gain on sale includes a $9 non-cash gain associated with the sale of the Company’s Repauno, New Jersey site. For the year ended December 31, 2018, gain on sale includes a $3 gain and a $42 gain associated with the sales of the Company’s East Chicago, Indiana and Linden, New Jersey sites, respectively. For the year ended December 31, 2017, gain on sale includes a gain of $13 associated with the sale of the Company’s land in Repauno, New Jersey that was previously deferred and realized upon meeting certain milestones, and a $12 gain associated with the sale of the Company’s Edge Moor, Delaware plant site, net of certain losses on other disposals.

(4)

Exchange gains (losses), net includes gains (losses) on the Company’s foreign currency forward contracts that have not been designated as a cash flow hedge.

(5)

The year ended December 31, 2019 includes a $380 settlement loss related to a significant portion of the Company’s Netherlands pension plan, specific to the vested pension benefits of the inactive participants. See “Note 27 – Long-term Employee Benefits” for further details.