Other Income (Expense), Net

9 Months Ended

Sep. 30, 2021

Other Income and Expenses [Abstract]

Other Income (Expense), Net

OTHER INCOME (EXPENSE), NET

Other, net, which is included in other income (expense), net, was as follows, in millions:

	Three Months Ended September 30,				Nine Months Ended September 30,
	2021		2020		2021		2020
Loss on sale of business	$	—	$	—	$	(18)	$	—
Income from cash and cash investments	—		—		—		2
Equity investment income, net	5		1		7		1
Foreign currency transaction (losses) gains	(4)		1		(2)		(6)
Net periodic pension and post-retirement benefit cost (A)	(4)		(9)		(430)		(25)
Gain on preferred stock redemption	—		—		14		—
Contingent consideration (B)	(14)		—		(14)		—
Dividend income	—		3		6		7
Other items, net	—		—		(1)		(1)
Total other, net	$	(17)	$	(4)	$	(438)	$	(22)

(A)    In the second quarter of 2021, we settled our qualified domestic defined-benefit pension plans and recognized $406 million of additional pension expense. Refer to Note K for additional information.

(B)    In the third quarter of 2021, we recognized $14 million of expense from the revaluation of contingent consideration related to a prior acquisition. Refer to Note G for additional information.