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Supplementary Information Other Income (Expense) - Net (Details) - USD ($)
$ in Millions
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Interest income $ 54 $ 24 $ 94 $ 39
Equity in earnings (losses) of affiliates - net 3 4 6 14
Net gain (loss) on sales of businesses and other assets 2 4 1 1
Net exchange gains (losses) [1] (104) (36) (140) (83)
Non-operating pension and other post employment benefit credit [2] (30) 73 (61) 148
Miscellaneous expenses - net [3] 59 (20) 105 (53)
Other income - net (134) 49 (205) 66
Hedging Program [Member]        
Net exchange gains (losses) (56) 10 (62) (43)
Hedging Program [Member] | Argentine Peso Devaluation [Member]        
Net exchange gains (losses) (46) (18) (67) (33)
Subsidiary Monetary Position        
Net exchange gains (losses) $ (48) $ (46) $ (78) $ (40)
[1] Includes net pre-tax exchange gains (losses) of $(46) million and $(67) million associated with the devaluation of the Argentine peso for the three and six months ended June 30, 2023, respectively, and $(18) million and $(33) million for the three and six months ended June 30, 2022, respectively.
[2] Includes non-service related components of net periodic benefit credits (costs) (interest cost, expected return on plan assets, amortization of unrecognized gain (loss), amortization of prior service benefit and settlement gain (loss)).
[3] Miscellaneous income (expenses) - net for the three and six months ended June 30, 2023 includes estimated settlement reserves, an adjustment to the Employee Retention Credit pursuant to the Coronavirus Aid, Relief, and Economic Security (“CARES”) Act as enhanced by the Consolidated Appropriations Act (“CAA”) and American Rescue Plan Act (“ARPA”) due to a change in estimate, and other items. The six months ended June 30, 2023 also includes gains on the sale of assets, and a loss on the sale of the company’s interest in an equity investment. Miscellaneous income (expenses) - net for the three and six months ended June 30, 2022 includes a loss on the sale of the company’s interest in an equity investment, settlement costs associated with the Russia Exit, losses on the sale of receivables, and other items. The six months ended June 30, 2022 also includes losses associated with a previously held equity investment and estimated settlement reserves.