v3.26.1
Other Operating (Income) Expense - Net
 6 Months Ended
Jun. 30, 2026
Text Block [Abstract]  
Other Operating Net Disclosure Other Operating (Income) Expense—Net
Details of other operating (income) expense—net are as follows:
Three months ended 
 June 30,		Six months ended 
 June 30,
2026202520262025
(in millions)
Loss on disposal of property, plant and equipment$7 $— $9 $1 
Loss (gain) on foreign currency transactions(1)
2 (3)5 (1)
45Q Tax Credits(2)
(19)— (43)— 
Blue Point One joint venture development costs(3)
7 2 9 2 
Other
(28)9 (30)20 
Other operating (income) expense—net
$(31)$8 $(50)$22 
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(1)Loss (gain) on foreign currency transactions consists of foreign currency exchange rate impacts on foreign currency denominated transactions.
(2)Represents income earned for tax credits under Section 45Q of the Internal Revenue Code (45Q Tax Credits), which provide a tax credit per metric ton of CO2 captured and disposed of in secure geological storage.
(3)Represents development costs that are not eligible for capitalization and relate to the construction of the low-carbon ammonia production facility at our Blue Point complex.