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Other Income, Net
 3 Months Ended
Mar. 31, 2024
Other Income and Expenses [Abstract]  
Other Income, Net

Note 5. Other Income, Net

 

The following table sets forth the components of the Company’s other income (expense), net for the three months ended March 31, 2024 and 2023.

 

 

 

Three Months Ended March 31,

 

 

 

2024

 

 

2023

 

Leasing, contract services, and miscellaneous income

 

$

(2

)

 

$

6

 

Royalty income (1)

 

 

2

 

 

 

2

 

Gain on sales of assets and businesses, net

 

 

3

 

 

 

—

 

Exchange gain (losses), net (2)

 

 

1

 

 

 

(7

)

Non-operating pension and other post-retirement employee benefit income (3)

 

 

1

 

 

 

—

 

Total other income, net

 

$

5

 

 

$

1

 
(1)
Royalty income is primarily from technology licensing.
(2)
Exchange gains (losses), net includes gains and losses on the Company’s foreign currency forward contracts that have not been designated as a cash flow hedge.
(3)
Non-operating pension and other post-retirement employee benefit income represents the non-service component of net periodic pension income.