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Other Operating Expenses (Income), net
9 Months Ended
Sep. 30, 2023
Other Income and Expenses [Abstract]  
Other Operating Expenses (Income), net Other Operating Expenses (Income), net
Other operating expenses (income), net consists of the following (in millions):
Three Months Ended
September 30,
Nine Months Ended
September 30,
2023202220232022
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings$30 $$19 $
Litigation settlements (gains) and reserves, net— (1)
Net losses (gains) on foreign exchange(18)(30)(11)(82)
Other, net(3)13 
     Other operating expenses (income), net$10 $(27)$20 $(68)
Net losses (gains) on disposal of assets, restaurant closures, and refranchisings represent sales of properties and other costs related to restaurant closures and refranchisings. Gains and losses recognized in the current period may reflect certain costs related to closures and refranchisings that occurred in previous periods. The amount for the three and nine months ended September 30, 2023 includes asset write-offs and related costs in connection with the discontinuance of an internally developed software project.
Net losses (gains) on foreign exchange is primarily related to revaluation of foreign denominated assets and liabilities, primarily those denominated in Euros and Canadian dollars.
Other, net for the nine months ended September 30, 2023 is primarily related to payments in connection with FHS area representative buyouts.