v3.25.2
Note 17 - Other Income (Expense), Net
 6 Months Ended
Jun. 30, 2025
Notes to Financial Statements  
Other Income and Other Expense Disclosure [Text Block]

Note 17. Other Income (Expense), Net 

 

  

Three Months Ended

  

Six Months Ended

 
  

June 30,

  

June 30,

 
  

2025

  

2024

  

2025

  

2024

 

Non-service cost components of pension and OPEB costs

 $(2) $(4) $(4) $(7)

Government assistance

  2   3   4   4 

Foreign exchange gain (loss)

  (1)  (6)  (6)  (6)

Strategic transaction expenses

  (5)  (3)  (6)  (4)

Gain (loss) on sale of property, plant and equipment

     (1)  1   (1)

Loss on divestiture of ownership interests

  (7)     (7)   

Other, net

  3   3   7   6 

Other income (expense), net

 $(10) $(8) $(11) $(8)

 

Foreign exchange gains and losses on cross-currency intercompany loan balances that are not of a long-term investment nature are included above. Foreign exchange gains and losses on intercompany loans that are permanently invested are reported in OCI. 

 

Strategic transaction expenses relate primarily to costs incurred in connection with acquisition and divestiture related activities, including costs to complete the transaction and post-closing integration costs, and other strategic initiatives.

 

On June 6, 2025, we sold our ownership interest in Switch Mobility Limited, recognizing an $8 pre-tax loss on the transaction. See Note 20 for additional information.