Supplemental Income Statement Information

12 Months Ended

Dec. 31, 2019

Supplemental Income Statement Information

Supplemental Income Statement Information

NOTE 6. Supplemental Income Statement Information

Other expense (income), net consists of the following:

(Millions)	2019		2018		2017
Interest expense	$	448	$	350	$	322
Interest income		(80)		(70)		(50)
Pension and postretirement net periodic benefit cost (benefit)		(68)		(73)		(128)
Loss on deconsolidation of Venezuelan subsidiary		162		—		—
Total	$	462	$	207	$	144

Pension and postretirement net periodic benefit costs described in the table above include all components of defined benefit plan net periodic benefit costs except service cost, which is reported in various operating expense lines. Pension and postretirement net periodic benefit costs for 2019 included a second quarter charge related to the voluntary early retirement incentive program announced in May 2019 in addition to U.S. non-qualified pension plan settlement charges of $32 million recognized in the fourth quarter of 2019. Refer to Note 13 for additional details on the voluntary early retirement incentive program in addition to the components of pension and postretirement net periodic benefit costs.

In the second quarter of 2019, the Company incurred a charge of $162 million related to the deconsolidation of its Venezuelan subsidiary. Refer to Note 1 for additional details.

The Company recorded an early debt extinguishment charge of approximately $96 million which was included within interest expense in the fourth quarter of 2017.