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Supplementary Information | 9 Months Ended
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Sep. 30, 2020
Organization, Consolidation and Presentation of Financial Statements [Abstract] |
Additional Financial Information Disclosure [Text Block] | SUPPLEMENTARY INFORMATION
Other Income - Net | Three Months Ended September 30, | Nine Months Ended September 30,
(In millions) | 2020 | 2019 | 2020 | 2019
Interest income | $ | 11 |  | $ | 13 |  | $ | 38 |  | $ | 46 |
Equity in losses of affiliates - net | — |  | (3) |  | (3) |  | (8) |
Net gain (loss) on sales of businesses and other assets 1 | 1 |  | 2 |  | (29) |  | (9) |
Net exchange losses 2 | (67) |  | (11) |  | (127) |  | (70) |
Non-operating pension and other post employment benefit credit 3 | 93 |  | 47 |  | 275 |  | 144 |
Miscellaneous income (expenses) - net 4 | (8) |  | 11 |  | (34) |  | (13) |
Other income - net | $ | 30 |  | $ | 59 |  | $ | 120 |  | $ | 90 |
1.The nine months ended September 30, 2020 includes a loss of $(53) million relating to the expected sale of the La Porte site, for which the company signed an agreement in 2020. The nine months ended September 30, 2019 includes a loss of $(24) million relating to DAS’s sale of a joint venture related to synergy actions. 2.Includes net pre-tax exchange losses of $(26) million and $(56) million for the three and nine months ended September 30, 2020, respectively, and $(33) million and $(42) million for the three and nine months ended September 30, 2019, respectively, associated with the devaluation of the Argentine peso. 3.Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized (gain) loss, amortization of prior service benefit and settlement (loss) gain). 4.Miscellaneous income (expenses) - net, includes losses related to loss on sale of receivables, bank charges and other items. The following table summarizes the impacts of the company's foreign currency hedging program on the company's results of operations. The company routinely uses foreign currency exchange contracts to offset its net exposures, by currency, related to the foreign currency-denominated monetary assets and liabilities. The objective of this program is to maintain an approximately balanced position in foreign currencies in order to minimize, on an after-tax basis, the effects of exchange rate changes on net monetary asset positions. The hedging program gains (losses) are largely taxable (tax deductible) in the U.S., whereas the offsetting exchange gains (losses) on the remeasurement of the net monetary asset positions are often not taxable (tax deductible) in their local jurisdictions. The net pre-tax exchange gains (losses) are recorded in other income - net and the related tax impact is recorded in provision for (benefit from) income taxes on continuing operations in the Consolidated Statements of Operations.
(In millions) | Three Months Ended September 30, | Nine Months Ended September 30,
| 2020 | 2019 | 2020 | 2019
Subsidiary Monetary Position (Losses) Gains |  |  |  |
Pre-tax exchange losses 1 | $ | (61) |  | $ | (66) |  | $ | (300) |  | $ | (59) |
Local tax benefits (expenses) | 16 |  | 1 |  | 44 |  | (2) |
Net after-tax impact from subsidiary exchange losses | $ | (45) |  | $ | (65) |  | $ | (256) |  | $ | (61) |
Hedging Program (Losses) Gains |  |  |  |
Pre-tax exchange (losses) gains | $ | (6) |  | $ | 55 |  | $ | 173 |  | $ | (11) |
Tax benefits (expenses) | 2 |  | (13) |  | (41) |  | 2 |
Net after-tax impact from hedging program exchange (losses) gains | $ | (4) |  | $ | 42 |  | $ | 132 |  | $ | (9) |
Total Exchange (Losses) Gains |  |  |  |
Pre-tax exchange losses 1 | $ | (67) |  | $ | (11) |  | $ | (127) |  | $ | (70) |
Tax benefits (expenses) | 18 |  | (12) |  | 3 |  | — |
Net after-tax exchange losses | $ | (49) |  | $ | (23) |  | $ | (124) |  | $ | (70) |
1.Includes net pre-tax exchange losses of $(26) million and $(56) million for the three and nine months ended September 30, 2020, respectively, and $(33) million and $(42) million for the three and nine months ended September 30, 2019, respectively, associated with the devaluation of the Argentine peso. Cash, cash equivalents and restricted cash The following table provides a reconciliation of cash and cash equivalents and restricted cash (included in other current assets) presented in the interim Condensed Consolidated Balance Sheets to the total cash, cash equivalents and restricted cash presented in the interim Condensed Consolidated Statements of Cash Flows.
(In millions) | September 30, 2020 | December 31, 2019 | September 30, 2019
Cash and cash equivalents | $ | 2,768 |  | $ | 1,764 |  | $ | 1,980 |
Restricted cash | 354 |  | 409 |  | 420 |
Total cash, cash equivalents and restricted cash | $ | 3,122 |  | $ | 2,173 |  | $ | 2,400 |
EID entered into a trust agreement in 2013 (as amended and restated in 2017), establishing and requiring EID to fund a trust (the "Trust") for cash obligations under certain non-qualified benefit and deferred compensation plans upon a change in control event as defined in the Trust agreement. Under the Trust agreement, the consummation of the Merger was a change in control event. Restricted cash at September 30, 2020, December 31, 2019, and September 30, 2019 is related to the Trust.

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