Other Income, Net (Tables)

3 Months Ended

Mar. 31, 2026

Other Income and Expenses [Abstract]

The following table sets forth the components of the Company’s other income, net for the three months ended March 31, 2026 and 2025.


	Three Months Ended March 31,
	2026		2025
Leasing, contract services, and miscellaneous income (1)	$	17	$	3
Royalty income (2)		2		2
Gain on sales of assets and businesses, net		—		1
Exchange gains (losses), net (3)		1		(3	)
Non-operating pension and other post-retirement employee benefit income (4)		2		2
Total other income, net	$	22	$	5

(1)

For the three months ended March 31, 2026, leasing, contract services and miscellaneous income includes $13 related to the licensing of certain intellectual property and sale of related assets associated with Zelan™ repellents, which is part of the Advanced Performance Materials business.

(2)

Royalty income is primarily from technology licensing.

(3)

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.

(4)

Non-operating pension and other post-retirement employee benefit income represents the non-service component of net periodic pension income.