v3.26.1
Other Expense, Net
6 Months Ended
Jun. 30, 2026
Other Expense, Net  
Other Expense, Net

14. Other Expense, Net

Other expense, net for the three and six months ended June 30, 2026 and 2025 included the following:

Three months ended June 30,

Six months ended June 30,

  ​ ​ ​

2026

  ​ ​ ​

2025

  ​ ​ ​

2026

  ​ ​ ​

2025

Goodwill impairment (see Note 5)

$

(873)

$

$

(873)

$

Restructuring, asset impairment and other charges

(17)

(108)

(55)

(191)

Gain (loss) on sale of joint venture and misc. assets

2

(44)

6

Legacy environmental charge (see Note 11)

(4)

Intangible amortization expense

(7)

(7)

(14)

(13)

Foreign currency exchange loss

(1)

(3)

(3)

Royalty income

4

5

8

10

Other expense

(8)

(5)

(13)

(5)

Other expense, net

$

(900)

$

(118)

$

(991)

$

(200)

In the first six months of 2026, the Company recorded pre-tax losses of approximately $44 million, primarily related to the sale of its share of a joint venture in the former Asia Pacific region. In the first six months of 2025, the Company recorded pre-tax gains of approximately $6 million on the sale of land and buildings of a previously closed plant in the Americas.